Rupert Murdoch

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DJ Formally Approves Sale to News Corp.

Deal expected to close today

(Newser) - Dow Jones shareholders formally approved the company’s $5.6 billion sale to Rupert Murdoch's News Corporation; the closing is expected later today. The outcome was clear before today’s meeting, but the vote’s margin had been uncertain, as many Bancroft shareholders—whose voting stake was 64.2%—have...

Murdoch Grooms Son to Succeed Him
Murdoch Grooms Son to Succeed Him

Murdoch Grooms Son to Succeed Him

James to be promoted to head News Corp. in Europe and Asia

(Newser) - Rupert Murdoch's son James will be put in charge of News Corp. in Europe and Asia, making him heir apparent to his father's throne, sources tell Bloomberg. James has been in charge of pay-TV provider British Sky Broadcasting Group since 2003; during his tenure the company has more than doubled...

Dow Jones CEO Leaves Ahead of Murdoch Posse

News Corp. insider to move in; WSJ publisher expected to leave next

(Newser) - Dow Jones’ CEO resigned today, one week before News Corp. is expected to finalize its purchase of the Wall Street Journal publisher. Insiders say Richard Zannino’s replacement will be Rupert Murdoch confidant Les Hinton; the succession, to be announced tomorrow, is thought to be the first among many in...

News Corp Gets That New-Time Religion

Murdoch buys Beliefnet, the largest faith website in the US

(Newser) - Rupert Murdoch's News Corporation has inked an eight-figure deal to buy Beliefnet, the US' most popular religion website, as a platform to promote the company's religious books and programming, the Wall Street Journal reports. Details of the transaction weren't released, but the site will become a part of News Corp's...

Does Judith Regan Have a Smoking Gun?

If the Rudy and Rupert antagonist is bluffing, she's bluffing big

(Newser) - Axed publisher Judith Regan sees herself as “the prom queen who got tripped up by the vicious meanies at News Corp,” the New York Observer posits, but nobody who knows her underestimates Regan's skills as a fighter. Either she really does have damaging secrets about Rudy Giuliani behind...

Thompson Lays Into Fox News
Thompson
Lays Into
Fox News

Thompson Lays Into Fox News

Candidate objects to 'constant mantra' that campaign is troubled

(Newser) - Fred Thompson isn’t buying “We Report, You Decide.” The Republican White House hopeful yesterday blasted Chris Wallace on "Fox News Sunday," accusing Rupert Murdoch’s network of skewing its election coverage against him. Thompson said belittling his campaign and calling it troubled has become “...

Regan's Claim Reveals the Real Fox
Regan's Claim Reveals the
Real Fox
OPINION

Regan's Claim Reveals the Real Fox

Suit could end Fox masquerade of neutrality: Tomasky

(Newser) - After 11 years of “the rabbit hole fiction” that Fox News is unbiased, the  jig may be up, claims the Guardian’s American editor, Michael Tomasky. An admitted liberal journalist himself, Tomasky thinks it's time Fox stopped pretending not to be a conservative voice, as its audience clearly understands...

Axed OJ Book Publisher Sues News Corp. for $100M

Says she was fired for dirt linked to Rudy

(Newser) - Axed publisher Judith Regan has filed a $100 million lawsuit against News Corp., charging the company made her the target of a smear campaign and fired her because she had information damaging to Rudy Giuliani's presidential campaign. "The smear campaign was necessary to advance News Corp.'s political agenda,...

Murdoch Axing Journal's Website Fees

Business daily's free site expected to attract more advertisers

(Newser) - Rupert Murdoch announced today that he intends to remove the Wall Street Journal's subscription-based system, making the entirety of the site free in a bid to attract enhanced ad revenues, the AP reports. WSJ.com is currently one of the few news sites successfully running a subscription model, with about...

'Old Farts' Invade Facebook
'Old Farts' Invade Facebook

'Old Farts' Invade Facebook

Journal's Matthew Rose experiences mid-life crisis in cyberspace

(Newser) - Facebook has matured from an e-frat house where co-eds post pics of their hedonistic exploits to a cyber-cocktail party where the well-heeled gather to display baby pictures and taunt each other like, well, school kids. “I am so telling Rupert,” a columnist teases the Journal’s Matthew Rose,...

Journal Deal Raises Red Flag With FCC

Commission member asks if deal serves public interest

(Newser) - FCC commissioner Michael Copps would like to toss a monkey wrench into News Corp.’s Dow Jones takeover, Broadcasting & Cable reports. Copps, a Democrat, yesterday called for an inquiry to determine whether the deal suits the public interest and whether current rules sufficiently cover the situation. Chairman Kevin...

MySpace Jumps Into Games Fray
MySpace Jumps Into Games Fray

MySpace Jumps Into Games Fray

(Newser) - There are tens of thousands of people in your extended network, and they might be playing Gem Quest come January. MySpace plans to host hundreds of easy-to-learn online games to, as one company VP put it, “enhance the fun factor”—and grab a slice of the game industry’...

FCC May Ease Rules on Media Owners
FCC May Ease Rules on
Media Owners

FCC May Ease Rules on Media Owners

Would allow firms to own newspapers and TV stations in same city

(Newser) - FCC Chairman Kevin Martin wants to relax limits on media consolidation, starting with repealing the rule that a company cannot own a newspaper and television or radio station in the same city, the New York Times reports. The commission is split, with two Democrats opposed and three Republicans supporting, a...

Critics Cool to Frisky FBN
Critics Cool to Frisky FBN

Critics Cool to Frisky FBN

(Newser) - The market was down but Fox Business Network was aggressively upbeat in its debut yesterday, reviewers noted. The New York Times'  Alessandra Stanley made fun of the network's "giggly" mood and said it comes off as "a blend of CNBC and a fifth hour of the 'Today' show....

Fox Business Network Debuts
Fox Business Network
Debuts

Fox Business Network Debuts

Aims to make biz news less 'Wall Street,' more 'Main Street'

(Newser) - Fox Business Network officially debuts this morning, launching a challenge to CNBC, the only other all-business network on the air. FBN officials say they're looking to make business news less "Wall Street" and more "Main Street," so they won't be aiming to take hard-core financial types directly...

Ex-HP CEO Joins Fox Business
Ex-HP CEO Joins Fox Business

Ex-HP CEO Joins Fox Business

Fiorina will be on-air contributor when new network launches next week

(Newser) - Former Hewlett-Packard CEO Carly Fiorina will be an on-air contributor to the new Fox Business Network when it launches next week, FBN said today. Fiorina headed HP from 1999 to 2005 and oversaw its buyout of Compaq before scandal led to her ouster. She will be a general business contributor...

Murdoch May Eliminate WSJ Online Fees

Thinks added ad revenue will make up for losses

(Newser) - Rupert Murdoch said today he would probably eliminate the Wall Street Journal's online subscription fee when News Corp. completes its purchase of the paper in a few months. The media mogul believes that dropping the subscription fee will attract more readers to the site, thereby increasing advertising revenues, the LA ...

Murdoch&rsquo;s Shadow Looms at Journal
Murdoch’s Shadow Looms at Journal

Murdoch’s Shadow Looms at Journal

Are calls to reporters a sign of generosity or more like handcuffs?

(Newser) - Rupert Murdoch is on a yacht in the Mediterranean, but his presence is already being felt at the newspaper in lower Manhattan he doesn't own yet.  The media baron rolled up his sleeves and called three reporters at the Wall Street Journal—which he bought for $5 billion last...

MySpace, MTV Team Up to Grill Candidates

Rivals unite to offer individual chats with presidential contenders

(Newser) - MySpace and MTV will team up to host a series of live discussions with individual presidential contenders, Reuters reports. Held on college campuses, the hour-long sessions will offer questions from the audience as well as those submitted during the event by IM or text message. John Edwards will be the...

Journal Ad Revenue Plunges
Journal Ad Revenue Plunges

Journal Ad Revenue Plunges

7.2% downturn emphasizes need for bigger push to internet

(Newser) - Ad volume in the print edition of the Wall Street Journal dropped nearly 21% and revenue fell 7.2% compared with last July, Reuters reports. The dip underscores the immediate need for Dow Jones to generate more revenue from online properties, analysts said. Ad revenue from Dow Jones' online news...

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