February 19, 2014 |
LONDON - Former British Prime Minister Tony Blair offered to act as a secret adviser to Rupert Murdoch and two of his newspaper executives as they confronted revelations of illegal phone hacking, a London jury heard Wednesday. The disclosure -- contained in an email sent by Rebekah Brooks, a former executive of News International, once the British branch of Murdoch's News Corp. media empire, to Murdoch's son and deputy, James -- came as prosecutors wrapped up their case against seven defendants charged in the scandal.
February 6, 2014 |
Media company 21st Century Fox's fiscal second-quarter profit was sliced in half, largely because big-ticket feature films landed with a thud at the box office and the broadcast network continues its uphill slog. Fox's television show "X-Factor" with Simon Cowell was a factor all right - a factor contributing to the dramatically lower earnings for the company controlled by Rupert Murdoch. The singing competition stumbled in the ratings, and Fox Chief Operating Officer Chase Carey warned analysts that Fox's other competition tentpole, "American Idol," was losing steam faster than the company had hoped.
January 24, 2014 |
Regional sports networks continue to be the hottest ticket in media. 21st Century Fox said Friday that it was taking a majority stake in the New York Yankees Entertainment and Sports Network, known as the YES Network, a little more than a year after Fox first invested in the popular regional sports channel. Fox said it would increase its stake to 80%, up from the 49% interest it bought in December 2012. Fox declined to say how much it was paying for its increased interest.
January 8, 2014 |
Nearly a decade after Rupert Murdoch moved his company's corporate headquarters to New York from his native Australia, his television and film company is moving to withdraw almost completely from Australia. 21st Century Fox announced late Wednesday that it taking steps to remove its shares from trading on the Australian Securities Exchange. The move -- which is subject to the approval of Fox Class B common stockholders -- would mean that Fox shares would solely be listed on the Nasdaq Stock Market in the U.S. Currently, Fox shares trade on the two separate exchanges. ON LOCATION: Where the cameras roll “Today's announcement is part of our ongoing agenda to simplify the operating and capital structure of our company,” Murdoch, chairman and chief executive of 21st Century Fox, said in a statement.
November 20, 2013 |
After the coffee. Before deciding whether to give 'Nashville' another chance. The Skinny: It feels like Thursday but it's only Wednesday. Normally this would bug me, but I have so much work I'm trying to get done before next week that I'm actually kind of glad this week is dragging. Wednesday's roundup includes the end of Rupert Murdoch's marriage, a look at CNN chief Jeff Zucker's track record and MTV tones down a reality show about nurses. Daily Dose: The heavy spending Netflix has committed for original and acquired content has made some watchers of the company nervous.
November 19, 2013 |
Media mogul Rupert Murdoch and third wife, Wendi Deng Murdoch, are close to finalizing their divorce, according to people with knowledge of the matter. The estranged couple has negotiated a settlement that will bring their 14-year marriage to an end. "Rupert is very happy to have this almost behind him," said a person close to the mogul who requested anonymity because the person was not authorized to speak publicly. PHOTOS: Highest-paid media executives of 2012 A New York judge must approve the settlement.