May 24, 2013 |
Underscoring the troubled financial health of print media, News Corp. said it would record a non-cash impairment charge of $1.2 billion to $1.4 billion during the current fiscal quarter to reflect diminished value of its publishing assets. The company, which owns the Wall Street Journal, New York Post, the Times of London, the Australian and the HarperCollins book publishing house, made the disclosure Friday afternoon in a filing with...
CALIFORNIA | LOCAL
May 4, 2013 |
William C. Cox Jr., the patriarch of the Bancroft clan that controlled Dow Jones & Co. for 105 years and sold it to Rupert Murdoch's News Corp. in a decision sparking a family feud, died Wednesday at his home in Hobe Sound, Fla., according to his daughter, Ann Bartram. He was 82. The cause was complications from diabetes. Cox was at the center of a protracted family dispute that ultimately led to the sale of New York-based Dow Jones, owner of the Wall Street Journal, to News Corp.
April 30, 2013 |
Rupert Murdoch's News Corp. will hold a special meeting June 11 for shareholders to vote on amendments needed to authorize the company's plan to break into two separate publicly traded entities. Shareholders will not be presented with an up-or-down vote on whether News Corp. should divide into two companies. Instead, investors will be asked to approve several housekeeping amendments, including changing the parent company's name to 21st Century Fox from News Corp. News Corp. has not established a date for the split to be effective.
April 26, 2013 |
Although News Corp. plans to divide into two separate publicly traded companies in a few months, Rupert Murdoch won't see much division in his annual compensation. Instead he will get a little addition. Murdoch's combined salary, bonus and other incentives for running the two companies will reach $28.3 million in fiscal 2014, News Corp. said Friday in a Securities & Exchange Commission filing. That's a raise. For fiscal year 2013, the 82-year-old billionaire's compensation at News Corp.
April 4, 2013 |
The Celine store has opened on Rodeo Drive in Beverly Hills. Fashion critic Booth Moore described the store as "understated, like the clothes, with naturalistic marble accents" and picked out the "nude-colored pumps with anatomically sculpted toes, complete with red toenail polish ($995)" as a favorite. [ L.A. Times ] Did she or didn't she? That's the question surrounding new photos of Hayden Panettiere at a beach in Florida. The "Nashville" actress is pictured in a fuchsia bikini, sparking rumors of a possible breast implant.
February 1, 2013 |
More than 30 journalists and executives at Western news organizations in China, including the New York Times and the Wall Street Journal, have had their computers hacked, according to the news organizations and a security firm that monitors such attacks. Over the last four months, the hackers managed to infiltrate the Times' computers, the newspaper reported Thursday. It said hackers had penetrated its computers and obtained passwords for reporters and other employees. The hackers have been blocked and security tightened to prevent another attack, which followed an investigation by the paper into finances of relatives of Wen Jiabao, China's premier.
October 16, 2012 |
Activist shareholders gave News Corp. Chairman Rupert Murdoch a list of reforms Tuesday at the media company's shareholders meeting. Several lobbied, unsuccessfully, for Murdoch to step down as chairman of the media conglomerate. Activists also tried -- but failed -- to do away with the company's two classes of stock, which give the Murdoch family nearly 40% voting control of company affairs. Aaron Epstein of North Hollywood attended the meeting with a different reform in mind.
CALIFORNIA | LOCAL
July 22, 2012 |
Los Angeles Times Alexander Cockburn, the radical and acerbic journalist who had written longtime columns in both the conservative Wall Street Journal and the leftist outlet the Nation, died Friday in Germany. He was 71. The influential writer had been fighting cancer, according to his editor, Katrina vanden Heuvel. Unlike another prominent writer, Christopher Hitchens, with whom he had often been compared, Cockburn did not share the story of his illness. It was a rare quiet move in a career characterized by a thirst for public debate.
July 6, 2012 |
Good artists copy, but does the saying apply to retailers too? Best Buy hopes so, as it's converting 60 of its locations into Apple Store lookalikes, according to a new report. The new stores, dubbed "Best Buy 2.0," take several plays from Apple's book, including a new help desk reminiscent of Apple's Genius Bar, more focus on mobile devices, and the ability to let shoppers pay from more locations. The help desk, called Solution Central, is manned by Best Buy's Geek Squad, according to the report.
CALIFORNIA | LOCAL
July 6, 2012 |
Michael J. Ybarra, a former Times reporter who had recently chronicled his extreme-sports adventures for the Wall Street Journal, was killed in a mountain-climbing fall over the weekend on the edge of Yosemite National Park. He was 45. A veteran mountaineer, he had set out alone to cross the craggy Sawtooth Ridge in the Eastern Sierra and summited the 12,280-foot Matterhorn Peak before he fell about 200 feet to his death, said his sister, Suzanne Ybarra. His family reported him missing Sunday, and a rescue crew spotted his body Tuesday in a rugged area difficult to reach on foot, according to Kari Cobb, a park ranger.