April 22, 2013 |
Two years ago, Rupert Murdoch and other board members of News Corp. were sued by shareholders for lax oversight and alleged misdeeds within the sprawling media conglomerate. News Corp. on Monday agreed to settle the case. Now here's the punch line: News Corp. will be the one collecting the $139 million settlement -- not the shareholders who brought the suit. ON LOCATION: Where the cameras roll Here's how that worked out: Insurance companies that represent News Corp.'s board will make the payout on behalf of Murdoch and others on News Corp.'s board.
February 21, 2011
Rupert Murdoch's News Corp. has reached a deal to buy Shine Group, a television production company founded by the business magnate's daughter Elisabeth, for 415 million pounds ($673.3 million). The company said Monday it signed a non-binding letter of intent and will proceed with the necessary regulatory filings to acquire Shine, the producer of popular British shows like "Masterchef" and "Merlin. " In a joint statement, Rupert Murdoch praised Shine's "outstanding creative team" and said he expects his daughter to join News Corp.
August 28, 2012 |
Long-time NBCUniversal executive Vivi Zigler is joining Elisabeth Murdoch's television production company, Shine America, to oversee branded entertainment for the company. Zigler left NBC two months ago as part of a reorganization engineered by Bob Greenblatt, NBC Entertainment chairman. Zigler had been in charge of NBC's digital entertainment unit, which since has become more focused on promoting NBC shows rather than creating new entertainment content. A few weeks after leaving NBC, Zigler was in Britain meeting with Murdoch to get a better feel for Shine -- the London-based global production company that Murdoch last year sold to News Corp., the media colossus run by her father Rupert Murdoch, for $673 million.
August 6, 2011 |
The furor over Rupert Murdoch's management of News Corp. continues to reverberate. The mogul's daughter, Elisabeth Murdoch, had been scheduled to join her father and two brothers on the board of News Corp. after selling her British television production company to News Corp. this year. However, the company said Friday that those plans — announced in March by Rupert Murdoch, chairman and chief executive of the media conglomerate — had been put on hold. "Elisabeth Murdoch suggested to the independent directors some weeks ago that she felt it would be inappropriate to include her nomination to the board of News Corp.
August 18, 2011 |
Rupert Murdoch's daughter Elisabeth Murdoch collected $214 million from the sale of her British TV production company, Shine Group, to her father's media company this year. In April, News Corp. paid $675 million to buy her 10-year-old company, which produces such TV programs as "The Biggest Loser" and "MasterChef. " Of that amount, about $480 million was earmarked for Shine's equity partners, News Corp. said in its annual report filed Monday with the Securities and Exchange Commission.
July 24, 2008 |
Elisabeth Murdoch's London-based production company Shine Group has formed a joint venture, Shine Pictures, with Arnon Milchan's New Regency to make broad-appeal movies for global release. The films, to be co-financed by Shine and Regency, will be distributed through 20th Century Fox, whose parent, News Corp., is controlled by Murdoch's father, Rupert Murdoch. The new outfit will have a multimillion-dollar development fund and will be run in London by Paul Webster and Stephen Garrett of Shine's Kudos Pictures, which will be folded into the new label.