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Rupert Murdoch

ENTERTAINMENT
June 28, 2013 | By Meg James
Rupert Murdoch's sprawling, $75-billion global empire has broken into two separate companies: 21st Century Fox and a much smaller News Corp. Friday afternoon, just after the close of trading, the company finalized the transaction that had been in the works for more than a year. Beginning Monday, shares of the two companies, both controlled by Murdoch and his family, will trade separately on the NASDAQ stock exchange.  The 82-year-old media baron has spent the last 60 years building an enormous empire from a single newspaper in his native Australia.
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ENTERTAINMENT
June 26, 2013 | By Meg James
Rupert Murdoch's days of wine and roses have been delayed as the media titan's planned purchase of the picturesque 16-acre Moraga Vineyards in the hills above Bel-Air has hit a bureaucratic snag. The state of California has not yet issued the billionaire mogul and News Corp. chairman a liquor license, which Murdoch needs to take possession of the property. Murdoch's liquor license is "pending," according to state records. PHOTOS: Celebrities by The Times California Department of Alcoholic Beverage Control documents indicate that Murdoch applied for a Type 02 California Winegrowers license March 25 -- about six weeks before the 82-year-old tycoon gleefully announced on Twitter his plans to buy the vineyard . The license approval process typically takes 45 to 90 days, ABC spokesman John Carr said.
ENTERTAINMENT
June 25, 2013 | By Meg James
Rupert Murdoch wants his newspapers lean and mean for their roll-out on Wall Street. On Friday, Murdoch will have completed the breakup of his media empire. One company - News Corp. - will consist of Murdoch's newspapers, including the Wall Street Journal, HarperCollins book publishing, Amplify, an educational materials company and some Australian TV operations. The other company - 21st Century Fox - will consist of the 20th Century Fox film and television studios, Fox Broadcasting, FX Networks, Fox Sports and the Fox News Channel.  PHOTOS: Cable versus broadcast ratings While investors are excited about 21st Century Fox, whose assets are seen has having the best growth potential, there is concern about News Corp.
ENTERTAINMENT
June 17, 2013 | By Meg James
A battle-tested veteran of News Corp.'s general counsel's office will take on additional duties following the corporate spinoff set for June 28. The company announced Monday that Janet Nova, deputy general counsel, will become executive vice president and deputy group general counsel for 21st Century Fox. She will help manage day-to-day operations of one of the nation's busiest corporate legal offices. Nova, who has been a key member of News Corp.'s legal team since 1997, will oversee legal aspects of Fox's acquisition strategy, capital markets transactions and Securities & Exchange Commission filings.
ENTERTAINMENT
June 14, 2013 | By Joe Flint
After the coffee. Before seeing if I can be a trophy husband. The Skinny: Once again my views on love have been shattered. It may take me years to recover from this one. Sorry we're late today. There were technical difficulties beyond our control. Hopefully you took the day off anyway. Friday's stories include coverage of Rupert Murdoch's divorce filing and a preview of the weekend box office. If you are interested in receiving an email alert when the Morning Fix is live please send me a note . Daily Dose: Last week, former Federal Communications Commission Chairman Reed Hundt criticized the idea of the Koch brothers, who often back conservative causes, owning the Los Angeles Times.
ENTERTAINMENT
June 14, 2013 | By David Horsey
Octogenarian media mogul Rupert Murdoch began his rise to global power and riches when, at 21, he inherited his father's newspaper business in Australia. Under his tough hide, Murdoch has had a soft spot in his heart for newspapers ever since, which is why he is splitting off the publishing side of his empire from the entertainment side. At Murdoch's urging, News Corp shareholders have approved the division. Remaining under the News Corp umbrella will be 120 newspapers, including the Wall Street Journal, the New York Post, The Times of London and the Australian, plus HarperCollins book publishers.
BUSINESS
June 14, 2013 | By Meg James
Rupert Murdoch's divorce from his third wife is likely to test the strength of his prenuptial agreement but not the control of his sprawling media empire. On Thursday, Murdoch filed for divorce from Wendi Deng Murdoch - just two weeks before the media baron is scheduled to divide his global media empire into two companies. News Corp. said the divorce would not affect operations or control of his company. The 82-year-old media titan filed the petition in state court in New York, where the Murdochs maintain their primary residence and where their two preteen daughters attend school.
ENTERTAINMENT
June 13, 2013 | By Joe Flint
The Koch brothers are firing back at former Federal Communications Commission Chairman Reed Hundt, who last week made a speech at UCLA in which he said he couldn't “imagine anything good from the Koch family owning the Los Angeles Times. " A statement posted on KochFacts.com written by Mark Holden, Koch Industries' general counsel, said Hundt was being hypocritical. In his remarks, Hundt advocated removing federal regulations that would prevent Rupert Murdoch 's News Corp.
BUSINESS
June 12, 2013 | By Meg James, Los Angeles Times
News Corp. has moved closer to its historic breakup that is expected to test whether investors share Chairman Rupert Murdoch's confidence that there is a solid future for newspapers. On Tuesday, shareholders approved measures that will allow Murdoch's sprawling media empire to be cleaved into two separate publicly traded companies. The most profitable assets - Fox News Channel, the Fox broadcast TV network, Fox regional sports networks, FX and the 20th Century Fox movie studio - will form 21st Century Fox Inc. The publishing assets, including the Wall Street Journal, Times of London, New York Post, the Australian, HarperCollins book publishing house and several Australian television properties, will form a separate company.
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