Rupert Murdoch

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Murdoch Heir's Deal for Aussie Media Mainstay Falls Apart

Consolidated Media won't budge on price

(Newser) - A $3 billion bid for control of Australia's Consolidated Media Holdings by Rupert Murdoch’s son, Lachlan, is dead in the water after Murdoch’s financial backers and CMH—a major magazine and TV player—failed to agree to a price for the takeover, the Australian reports today. The original...

Newsday Sale Another Bad Sign in Teetering Industry

New paper owners face outlook grimmer than those that scared off predecessors

(Newser) - Just last year, Sam Zell was optimistic enough about newspapers to buy the Tribune Company. Now he’s selling Newsday, one of the conglomerate’s top publications. “The news business is something worse than horrible,” he said recently. Across the industry, gung-ho new owners like Zell are experiencing...

Zell Might Sell Newsday
 Zell Might Sell Newsday 
Mar 20, 2008 9:44 PM CDT

Zell Might Sell Newsday

Tribune Co. may unload paper; Rupert Murdoch is interested

(Newser) - Falling ad revenues could push Sam Zell's Tribune Company to sell Newsday, the Long Island newspaper with the 10th-highest circulation in the nation, the New York Times reports. Among those interested are Rupert Murdoch, who already owns the New York Post. Also in the running are the owner of the...

Murdoch Shuts Down PageSix.com
Murdoch
Shuts Down PageSix.com
Mar 20, 2008 6:59 PM CDT

Murdoch Shuts Down PageSix.com

Online version of Post gossip column ends after 3 months

(Newser) - PageSix.com, the online version of the New York Post's celebrity gossip column, is shutting down after just three months, Gawker reports. The Rupert Murdoch project attracted 1 million pageviews last week when it published photos of Eliot Spitzer's escort, but, "given the difficulty in the economy, it was...

Murdoch 'More Pessimistic' About Economy

Downturn worse than expected by Rupe, who won't fight for Yahoo

(Newser) - The last month has made media boss Rupert Murdoch "a lot more pessimistic" about the outlook for the US economy, Reuters reports. Ad revenue is below expectations at his TV stations and newspapers and he expects "a temporary downturn for a year or so" at Dow Jones, the...

At Murdoch's Journal, No Cheap Makeover

New faces and ideas to mine affluent audience, but no Foxification

(Newser) - Rupert Murdoch may now own the nation's hallowed financial bible, but the dumbing-down fears that accompanied the purchase of the Wall Street Journal have so far proven unfounded. This week the Journal will introduce a new sports page that will integrate stats from another News Corp. property, but Murdoch's company...

Lawyers to OJ Publisher: See You in Court

Attorneys sue If I Did It mastermind for cut of News Corp. settlement

(Newser) - Foiled If I Did It publisher Judith Regan's lawyers say she didn't do it—cough up their agreed-upon payment, that is. And they want their money, Reuters reports. The lawyers represented Regan in her case against News Corp., which canned her in the uproar surrounding the OJ Simpson confessional. She...

MySpace Makes Music Overtures
MySpace Makes Music Overtures
Feb 20, 2008 2:54 PM CST

MySpace Makes Music Overtures

Social networking site turns to recording labels in effort to broaden appeal

(Newser) - MySpace has spent the past few weeks approaching major record labels, trying to hammer out a deal for a new online music service, the Wall Street Journal reports. The deal—tentatively MySpace Music—would likely let users stream unlimited music for free, and buy downloads that could be played on...

Clinton Loses Right-Wing Media Allies

As senator looks to her left, conservative bedfellows are bailing

(Newser) - The conservative press, once a surprising ally for Hillary Clinton, is turning out to be about as loyal as the Democratic senator should have expected, Politico writes. Though long reviled by the far-right masses, Clinton once had the carefully cultivated respect of some rightish media players like Rupert Murdoch and...

News Corp. Talks Deal With Yahoo
News Corp. Talks Deal
With Yahoo
Feb 13, 2008 2:36 PM CST

News Corp. Talks Deal With Yahoo

MySpace merger could create new company, deny Microsoft

(Newser) - News Corp. and Yahoo are in talks over combining MySpace and other News Corp. entities with Yahoo, the Wall Street Journal reports today. The deal, which could fend off Microsoft's $44.6 billion hostile takeover bid, would allow Yahoo to remain independent while giving the Murdoch-run company a stake of...

Murdoch's Journal Amps Up Politics, Speeds Up Stories

Politics come first; coverage gets to the point

(Newser) - A month into the Rupert Murdoch era, the Wall Street Journal hasn't exactly turned into Fox News, but it has ratcheted up its political coverage, David Carr writes in the New York Times. The Journal's managing editor tells Carr the change is driven by both the drama of the presidential...

No Yahoo! for News Corp., Says Murdoch

Media mogul won't trade bids with Microsoft over Internet behemoth

(Newser) - News Corp. CEO Rupert Murdoch won't be following Microsoft's lead to place a bid for  ailing Internet giant Yahoo, CNNMoney reports. Murdoch also dispelled rumors today that his company was interested in purchasing AOL, or in making any other major acquisitions. His remarks follow on the heels of Microsoft's unsolicited...

Post Slams Hillary in Backing Obama
Post Slams
Hillary in Backing Obama
OPINION
Jan 31, 2008 2:15 PM CST

Post Slams Hillary in Backing Obama

Murdoch tabloid rails against 'Clinton co-presidency'

(Newser) - The New York Post today endorsed Barack Obama in Tuesday's Democratic primary, but devoted most of its space to railing against “the opportunistic, scandal-scarred, morally muddled” Clinton couple. Words like “thuggish,” “cynical,” and, of course, “triangulating,” flew in the right-wing tabloid. Only a...

Wall Street Journal Moving to Midtown
Wall Street Journal Moving to Midtown
Jan 29, 2008 10:18 AM CST

Wall Street Journal Moving to Midtown

Murdoch wants new toy at News Corp. HQ, not near namesake

(Newser) - For 119 years, the Wall Street Journal has been based a few minutes away from the legendary financial hub it's named for, but new owner Rupert Murdoch plans to move it uptown, the New York Observer reports. The paper's staff is reportedly happy with the move, but more changes are...

News Corp., Regan Reach Settlement
News Corp., Regan Reach Settlement
Jan 25, 2008 4:07 PM CST

News Corp., Regan Reach Settlement

Axed publisher 'not anti-Semitic,' company says after ugly spat

(Newser) - Judith Regan's acrimonious $100-million wrongful-termination suit against News Corp. came to a close today, with the ex-publisher and media giant reaching an undisclosed settlement. If Gawker's estimates of $20 to $25 million are meaningful, Regan may indeed have outfoxed Fox, which initially offered her $6 million to go quietly. The...

Online Journal Readers Can't Put Wallets Away (Yet)

Murdoch lets decision slip at World Economic Forum

(Newser) - Puncturing the hopes of thrifty web surfers everywhere, the Wall Street Journal will continue to charge for much of its online content, at least for now. New owner Rupert Murdoch's apparently unplanned announcement at the World Economic Forum in Davos came after months of dithering over whether to keep access...

Is MySpace Murdoch's Top Investment?

Maybe, says Google CEO, as site rolls out initiatives in bid to remain in front

(Newser) - Two years after Rupert Murdoch’s News Corp. bought MySpace, and shortly after its two founders signed up for another couple of fabulously well-paid years at the helm, the site is expanding and evolving. Despite challenges (read: Facebook), MySpace represents an impressive return for Murdoch. “He may find that...

Next-Generation Media Moguls Aim High
Next-Generation Media Moguls Aim High
Jan 21, 2008 12:06 PM CST

Next-Generation Media Moguls Aim High

Murdoch Jr., Packer Jr. set sights on Oz's No. 2 conglomerate

(Newser) - The sons of two legendary Australian media moguls are joining forces in a $2.9 billion bid to take the country’s Consolidated Media Holdings private, The Australian reports. If the deal is approved, Lachlan Murdoch and James Packer will share the diverse media conglomerate 50-50, with Murdoch as the...

News Corp. to Sell 8 Fox Stations for $1.1B

Company unloads local operations to focus on larger markets

(Newser) - News Corp., shifting its focus to its larger, more profitable properties, will sell eight of its medium-market Fox network TV stations to investment firm Oak Hill Capital Partners for $1.1 billion. The sale will leave the media company, which acquired the Wall Street Journal and Dow Jones for $5....

Murdoch Libel 'Victim' Charged With Perjury

Ex-Socialist Party boss who won $400K suit slams 'witch hunt'

(Newser) - A former leader of Scotland's Socialist Party who won a $400,000 libel suit against publisher Rupert Murdoch's News of the World was arrested yesterday on charges of perjury. One-time member of parliament Tommy Sheridan claimed the bust was a "witch hunt orchestrated and influenced by the powerful reach...

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