Ted Turner and Rupert Murdoch have been rivals for decades, starting out with a boat race in 1983. The men faced off in the cable television industry over the years until Turner retired from the Time Warner board of directors in 2006. However, Turner hasn’t gotten over his rivalry with Murdoch just yet. (more)
With potential buyers circling above, Yahoo, the once-mighty online empire, is preparing to sell. (more)
LONDON (AP) — James Murdoch is being recalled for another grilling before Britain’s Parliament after former News Corp. executives raised serious doubts about his role in the country’s tabloid phone hacking scandal. (more)
The group Citizens for Responsibility and Ethics (CREW) in Washington wants congressional hearings into whether News Corp. should be able to keep its Federal Communications Commission licenses for 27 television stations in the United States because of the U.K. hacking scandal. (more)
The largest public pension fund in the US, and one of the country’s most influential investors, is stepping up the pressure for a drastic overhaul of the way News Corporation is run as the fallout from Rupert Murdoch‘s appearance before MPs begins. (more)
News Corp shares (NASDAQ:NWSA) have taken a stumble in the wake of the cell phone hacking scandal of its now-defunct New of the World paper. But, they appear to be on somewhat of rebound – and even got a jump after a protester hit News Corp CEO Rupert Murdoch with white foam at a Culture, Media and Sport Select Committee he testified at on Tuesday. (more)
Democratic Senate Majority Whip Dick Durbin of Illinois said Sunday he would like to see Congress investigate News Corporation in the wake of the company’s phone-hacking scandal in Britain. (more)
LONDON (AP) – Rupert Murdoch’s News Corp. media empire dropped its bid to takeover lucrative British Sky Broadcasting on Wednesday ahead of a House of Commons vote in which all three major parties were to issue that very demand. (more)
SAN FRANCISCO — Myspace on Wednesday was sold to ad-targeting firm Specific Media for $35 million, a fraction of the $580 million that News Corp. paid for the once-highflying social network during its heyday in 2005. (more)
News Corp. is about to sell Myspace for $20 million-$30 million, Kara Swisher at All Things D reports. (more)
Democrat Massachusetts Senator and former presidential candidate John Kerry owns more stock in media companies than any other member of Congress, according to a report released Wednesday by the site opensecrets.org. (more)
Yesterday, Rupert Murdoch and Apple made Murdoch’s new all-iPad publication The Daily available to the public for the first time. The announcement had all the usual hype, with Murdoch himself (and Apple Vice President Eddie Cue standing in for Steve Jobs) showing the demo to a New York audience. (more)
Speaking at an 11 a.m. roll-out event, News Corp. chief Rupert Murdoch introduced the world to his latest innovation: a subscription-based iPad news service called The Daily. (more)
The launch of Rupert Murdoch’s eagerly anticipated iPad-only newspaper the Daily has been delayed by several weeks. (more)
SAN FRANCISCO — News Corp is exploring strategic options for its MySpace Web site including a sale or a spinout, the company said on Wednesday, a day after the former social networking high-flyer slashed nearly half of its staff. (more)
MySpace could use a few more friends of its own. The once-popular social networking site is not only likely to have a new owner by mid-year – or sooner, if News Corp. can find a buyer – but it’s also about to lose more than half of its current 1,100 employees before the end of the month. (more)
A top Washington regulator waded into a programming-fee dispute between Cablevision Systems Corp. and News Corp.’s Fox Television division, telling the two sides that “the time for petty gamesmanship is over.” (more)
News Corp. pulled the plug on Cablevision customers Saturday, blacking out more than 3 million households in the New York area over a programming fee dispute. (more)
Keith Olbermann has a thin skin. This week, he brazenly showed off that skin on the air – but only metaphorically, thank God. Keith, you tease! (more)
News Corp. Chief Executive Rupert Murdoch is embarking on an ambitious plan for a new national digital newspaper to be distributed exclusively as paid content for tablet computers such as Apple Inc.’s iPad and mobile phones. (more)
