Media mogul Rupert Murdoch has shelved a proposal to merge Fox Corp and News Corp, having concluded that such a move is “not optimal” for shareholders. Murdoch and his son Lachlan Murdoch, CEO of Fox Corp, first raised the prospect of bringing the two companies together last October. But some major shareholders were not convinced […]
Reports have emerged that media mogul Rupert Murdoch and son Lachlan are exploring the idea of reuniting News Corp and Fox Corp, the two companies the Murdoch family controls. A merger between the two would reverse the 2013 decision to split the two – though since then Fox has sold a range of assets to […]
21st Century Fox remains confident that it will secure regulatory approval for its acquisition of Sky by the middle of this year, despite the Competition And Markets Authority’s provisional ruling in January that the deal was “not in the public interest”. The UK competition watchdog provisionally blocked the takeover on the grounds that the acquisition […]
News Corp executive chairman Rupert Murdoch has called for Facebook to pay publishers for news content in the same way that TV operators pay broadcasters to air their channels. In a statement, Murdoch said that reputable news outlets are “not being adequately rewarded”, despite “obviously enhancing the value and integrity of Facebook” through their content. […]
Fox News has named Fox Television Stations CEO Jack Abernethy and senior EVP Bill Shine to serve as co-presidents of the network in the wake of Roger Ailes’ departure. Both executives will report direct to 21st Century Fox executive chairman Rupert Murdoch, who took personal charge of the news channel following Ailes resignation amidst a […]
Highlights from 21st Century Fox’s first investor call since Rupert Murdoch stepped down as CEO included Lachlan Murdoch saying the content giant did not have “material gaping holes”, but would continue to look at opportunistic” acquisitions. Murdoch Sr became co-executive chairman on July 1, with his sons Lachlan and James taking over the day-to-day running […]
21st Century Fox has confirmed James Murdoch will succeed his father Rupert as company CEO. Following the changes, which take effect on July 1, Murdoch Sr. and his other son, Lachlan, will be executive co-chairman of the US-based media giant, with James moving up from his current COO post. While the 84-year-old Murdoch Sr. will […]
Rupert Murdoch is soon to step down as CEO of US-based media giant 21st Century Fox, according to sources from a report today. Murdoch will hand over the keys to the company to his son James, CNBC reported cited various unnamed sources close to the media mogul’s family. At 84 years of age, there has been […]
The TV industry needs to provide a “serious competitor” to Netflix and Amazon, according to Rupert Murdoch. Speaking at the Wall Street Journal’s WSJ:D conference in Laguna Beach, California, the 21st Century Fox chairman said that despite differences in the past, the partners in the Hulu online video joint venture were now “all on the […]
The executive board of Sky Deutschland has advised minority shareholders against accepting BSkyB’s bid for overall control of the company, saying it undervalues the pay TV operator. BSkyB agreed in July to acquire 21st Century Fox’s 57% stake in the operator as part of its plan to create a new ‘Sky Europe’ comprising itself, Sky […]
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