John Suh wanted to make a good impression on his new mentor. Before their first meeting last November, the 26-year-old former Army officer came up with a clear outline for what he hoped to get out of the relationship and rehearsed what he would say when the time came. "I went in there with a plan," says Suh. "I knew this was an incredible chance to expand my network. It's not like I have any relatives or friends who are CEOs of giant media conglomerates."
News Corp. posted quarterly profit and revenue Tuesday that soared from a year earlier and beat expectations, helped by its film unit, which produced the box office blockbuster 'Avatar,' as well as cost-cutting measures.
There's been a lot of positive buzz around News Corp. lately, a welcome respite after a year filled with disappointing results at most of its marquis businesses, from MySpace to newspapers and television.
British lawmakers demanded answers Thursday after a newspaper reported that a UK tabloid illegally hacked the phones of thousands of public figures including Gwyneth Paltrow, George Michael and Elle MacPherson.
Rupert Murdoch commands fear and grudging respect from the subjects covered by the media baron's newspapers, television stations and cable channels around the globe. Yet investors treat his News Corporation with something closer to disdain.
In the weeks that Rupert Murdoch was locked in unsuccessful negotiations to keep his longtime No. 2 at News Corp., the media baron also had to accept his daughter Elisabeth's decision to turn down a spot on the company's board, sources told Fortune.
For America's media conglomerates, it's getting Darwinian out there - and the next stage of their evolution could come quickly.
News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said Saturday
News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said Saturday.
Fortune: The Newsday chaseupdated: Tue Apr 29 2008 14:05:00
Mort Zuckerman, owner of the New York Daily News, isn't going to let his archrival, News Corp.'s Rupert Murdoch snatch away Newsday without a fight. He's matched News Corp.'s offer to pay $580 million for Tribune Co.'s Long Island paper. The Zuckerman camp is also warning that Murdoch's pending deal with Tribune may not withstand regulatory scrutiny.
Online merger?
updated: Thu Feb 14 2008 11:07:00
Robert Miller of the Daily Telegraph in London joins CNN to discuss the possibility of News Corp. and Yahoo joining forces.
Stocks rallied Wednesday after a surprisingly strong January retail sales report helped counter worries that a weakening consumer could send the already struggling economy into a recession.
News Corp. and Yahoo are in talks about combining MySpace and other News Corp.-owned online properties, according to a report in The Wall Street Journal Wednesday.
News Corp. is not considering a bid for Internet giant Yahoo, said CEO Rupert Murdoch during an earnings call with analysts Monday.
Stocks skidded at Tuesday's open after a report on nonmanufacturing activity pointed to a recession.
As Rupert Murdoch claims his hard-won prize The Wall Street Journal, his News Corporation conglomerate is planning an unprecedented newspaper advertising campaign that at least two newspapers that usually have little in common - the Financial Times and the China Daily - have so far declined to run.
Wall Street opens higher after stronger than expected November jobs report.
Two of Rupert Murdoch's senior hands in the viciously competitive British newspaper business will assume the top posts at Dow Jones and Company.
Stocks pointed to a higher open Friday after a key reading on the labor market came in better than expected, easing concerns that the economy is headed for a recession.
Rupert Murdoch's News Corp said Wednesday that fourth-quarter profit rose 4.5 percent on higher advertising sales and affiliate revenue from the Fox News Channel and on more new subscribers at the Sky Italia satellite TV service.
News Corp.'s acquisition of Dow Jones is the latest in a flurry of newspaper deals that have taken place over the past few years.
After three months of wrangling, News Corp., the media conglomerate run by Rupert Murdoch, has finally succeeded in its efforts to purchase Dow Jones in a deal the companies valued at $5.6 billion.
The boards of both Dow Jones & Co. and News Corp. have approved a $5 billion deal that would put The Wall Street Journal in the hands of media mogul Rupert Murdoch, the Journal reported in its online edition late Tuesday.
A powerful branch of the Bancroft family, which controls Dow Jones & Co. and the Wall Street Journal, is set to vote against selling the company to News Corp., according to a report Friday.
For months now, Rupert Murdoch's quest for Dow Jones has riveted the business world. But another juicy melodrama is unfolding at News Corp., one that may shed some light on how the $25 billion company sometimes does business.
CNNMoney: The Rupert discountupdated: Tue Jul 10 2007 00:22:00
Most News Corp. shareholders would probably have little complaint about how the enigmatic Rupert Murdoch has run the company for the past few years.
Wall Street looked set for an upbeat opening Monday as traders geared up for the beginning of the earnings reporting period.
Stock futures pointed to a slight recovery Tuesday but jitters about the housing sector could spark another day of volatile trading.
Stock futures pointed to a slight recovery Tuesday but jitters about the housing sector could spark another day of volatile trading.
Dow Jones & Co. Inc. and Rupert Murdoch's News Corp. are close to a pact that would protect the journalistic independence of The Wall Street Journal if News Corp. acquired the media company, according to newspaper reports Sunday.
Cable television shows, unless they are the series finale of "The Sopranos," often don't generate the types of ratings that come anything close to what even the least-watched programs on the free broadcast networks get. But cable TV is actually among the hotter segments of the media business these days.
Media companies have been criticized by some on Wall Street and in Silicon Valley for being to slow to adapt to new competition, like the Internet.
News Corp. has made an unsolicited $5 billion bid to buy Dow Jones & Co. - an offer that could prove tough for the Bancroft family that controls the publisher of The Wall Street Journal to turn down, industry analysts said Tuesday.
Some TV critics are wondering if the continued success of Sanjaya Malakar, the woefully out of tune contestant on Fox's "American Idol," will be what finally causes ratings for the hit show to tank.
News Corp. shareholders were in for an unexpected surprise if they called the proxy agent's number listed on its latest filing.
Media giants News Corp. and NBC Universal announced Thursday that they will create an online video site that will rival the popular YouTube.
In a wide-ranging speech Thursday morning, News Corp. Chairman and Chief Executive Officer Rupert Murdoch discussed plans for a new cable business channel, the growth opportunities for social networking site MySpace, the 2008 presidential race and why he liked "Borat" so much.
So far, 2007 is looking an awfully lot like last year for major media companies.
Apple. TiVo. Cisco Systems.
These should be happy times for book publishers.
After a firestorm of criticism, News Corp. announced Monday that it is canceling publication of a book in which O.J. Simpson speaks in hypothetical terms about the 1994 murders of his ex-wife, Nicole, and her friend, Ron Goldman, along with a two-part TV special planned for later this month.
With apologies to the Buggles: it looks like video killed the dot-com media star.
News Corp. ranks no. 256 on FORTUNE's Global 500 this year, with $23.9 billion in revenues, up 14.7% from the previous year. The New York, New York-based company was ranked no. 282 on the 2005 list. Its 2005 profits were $2.1 billion, up 38.8% from a year earlier.
CNNMoney: Sex doesn't sellupdated: Wed Sep 20 2006 10:38:00
There are some things that Americans just don't get, even though the rest of the world does.
When reports surfaced in September that News Corp. was in talks to swap its share of satellite operator DirecTV for Liberty Media's 19% voting stake in News Corp., you could almost hear Rupert Murd...
Rupert Murdoch, the 75-year-old head of News Corp., has added another youth-oriented brand to his media conglomerate.
Most media stocks have bounced back sharply this year after a brutal 2005 as investors began to realize that entertainment firms are positioning themselves for growth in the new world of digital media.
Mmmm, hmmm! That crow tastes pretty good. Yesterday I decided to get cute and say that Bernanke would hike rates one more time. Hey, I figured I had a 25 percent chance of looking like a genius. Yeah, right... Meanwhile, the Saudis and Mexicans saying they will make up oil shortfalls should be a tonic for the markets. Guess the Saudis DO have excess capacity.
Walt Disney and News Corp. are the Midases of media this year: Just about everything they've touched has turned to gold.
News Corp. shareholders learned how much revenue a closely watched Internet division would generate - if they were lucky enough to be invited to a meeting in Australia last week with Chief Executive Rupert Murdoch.
The media business is getting hit by massive technological change, and executives from top media companies said industry executives had better get used to it.
Shares of online media firms Google and Yahoo! have taken a hit this year. But traditional media outlets that are just starting to dip their ink-stained toes in cyberspace are benefiting from the latest round of Internet hype.
NEW YORK (CNNMoney.com) - It may soon get easier for members of the MySpace generation to find a job.
As the wireless industry gathers this week in Las Vegas for the CTIA Wireless conference, opening this Wednesday, the mobile entertainment business is in the midst of a fundamental shift.
News Corp. said after the market closed Thursday that the company swung to a first-quarter loss, reflecting the effects of an accounting change.
Stocks inched higher early Thursday as investors took in stride a weaker-than-expected read on retail sales and oil prices near new records.
News Corp., whose Fox News cable network is generally associated with conservative hosts and viewers, is turning to Democrats to battle a new television ratings system, according to a published report.
The adult children of media mogul Rupert Murdoch are reportedly in discussions to give their young half-siblings a share of the wealth from a family trust, but none of the control of the media conglomerate News Corp. that the trust now holds.
Media mogul Rupert Murdoch's News Corp. may be close to a deal with Time Warner Inc.'s cable division to carry a Fox News business channel that would rival General Electric's CNBC, according to a published report Monday.
WHEN MOGULS DECIDE TO RETIRE, IT'S usually pretty simple. They announce their intentions, throw themselves a testimonial, and exit the stage. Not John Malone.
CNNMoney: Poisoned defenseupdated: Mon Nov 08 2004 10:34:00
Rupert Murdoch clearly feels spooked by John Malone, the media entrepreneur that Ted Turner once described as "smarter than a tree full of owls."
The continued weakness of the dollar could drag on U.S. stocks when the markets begin the trading week Monday.
Thursday will be a day of retail as the world's largest corporation posts its earnings, and economic data on sales is set for release.
As the new president and CEO of DirecTV (formerly Hughes Electronics), Chase Carey is Rupert Murdoch's lieutenant overseeing News Corp.'s newest jewel. Once part of General Motors, the 12-million-s...
Fortune: Sibling Rivalryupdated: Mon Nov 24 2003 00:01:00
Who will be the next Murdoch to run News Corp.? Until recently the favorite to follow Rupert was 32-year-old Lachlan (he oversees the New York Post, HarperCollins, the Fox TV network, and the Aussi...
Seventy-one-year-old Rupert Murdoch permits himself a smile as he contemplates his future. The prize he has coveted for two decades, a satellite-TV platform in the U.S., finally appears to be withi...
Fortune: News Corp.updated: Mon Oct 28 2002 00:01:00
The FCC rejected the $18 billion merger between EchoStar and Hughes, which would have created the country's largest pay-TV provider. Although the duo can revise their bid, this cracks the door open...
These are tough times in show business. A weak economy has hit TV and print advertising, crimping sales at media and entertainment conglomerates. The result: Giants like Disney, AOL Time Warner and...
Call it a December storm. The FORTUNE e-50 lost another 12.2% in the three weeks ended Jan. 3, even with Greenspan's surprise rate cut on the last day of the cycle. WebMD stopped its 11-month slide...
Why Bill Gates Likes The View From Avista
Investment banker Herbert Allen's famed summer camp for media moguls wasn't the only high-powered gathering last summer in Sun Valley, Idaho. The week after Allen & Co. left town, 300 News Corp. ex...
All this spring along the Potomac, government lawyers and economists were trying to decide whether they should let News Corp. join forces with Time Warner and other cable operators to offer satelli...
Looking for clues to the interactive future? Stay tuned to Rupert Murdoch, chairman of News Corp. and Aussie scourge of the U.S. media. Not long after the Federal Communications Commission blessed ...
Fortune: ON THE RISEupdated: Mon May 21 1990 00:01:00
KIMERLY MONTOUR, 35 NEWS CORP. What does it take to go up against not only the big three networks' nightly television news but PBS, CNN, and all the others as well? Montour, vice president for news...
It's no secret: The party in junk bonds is over. Whacked by widespread selling, the return from junk fell to 4% last year. The new year has been no kinder. Rocked by the $3.8 billion default of Cam...
THINK OF Rupert Murdoch as the Magellan of the Information Age, splashing ashore on one continent after another. The natives laugh at him, they throw stones, and sometimes they give him gifts. The ...
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