Another of Rupert Murdoch's key lieutenants over the past 10 years is leaving his company, News Corporation. The company is expected to announce tomorrow that Gary Ginsberg, the media giant's executive vice president and chief marketing officer, is leaving the company at the end of the year.
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.
Good, but not enough, the Rev. Al Sharpton said in response to New York Post Chairman Rupert Murdoch's apology for a controversial editorial cartoon published in the newspaper. Online Wednesday, some Post readers reacted similarly.
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.
The chairman of the New York Post, Rupert Murdoch, personally apologized Tuesday for an editorial cartoon published by the newspaper that drew charges of racism.
Rupert Murdoch isn't easily outfoxed. But the Bancroft family, which sold him Dow Jones, publisher of the Wall Street Journal, looks to have got the better of the media mogul.
It's the back half of December and that can only mean one thing: the annual cavalcade of "top 10" lists for the year. But what is especially intriguing this year is to review what wasn't: all the much-hyped trends that did not go exactly as planned remind us that the colliding worlds of entertainment, media and technology remain wildly unpredictable and easily oversold. Here are just a few of the top non-developments of 2008:
To use the oldest media mogul cliché in the metaphorical book, a just-released biography on Rupert Murdoch sets out to answer the question of what exactly is the media tycoon's Rosebud. That is, what has fueled Murdoch's astonishing global media conquest over the past half-century and where does his purchase last year of The Wall Street Journal fit in?
For America's media conglomerates, it's getting Darwinian out there - and the next stage of their evolution could come quickly.
"moot" is the founder of 4chan, one of the largest communities on the Web. It's a profane, scary place. It's also the secret wellspring of Internet culture
Another of Rupert Murdoch's key lieutenants over the past 10 years is leaving his company, News Corporation. The company is expected to announce tomorrow that Gary Ginsberg, the media giant's executive vice president and chief marketing officer, is leaving the company at the end of the year.
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.
Good, but not enough, the Rev. Al Sharpton said in response to New York Post Chairman Rupert Murdoch's apology for a controversial editorial cartoon published in the newspaper. Online Wednesday, some Post readers reacted similarly.
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.
The chairman of the New York Post, Rupert Murdoch, personally apologized Tuesday for an editorial cartoon published by the newspaper that drew charges of racism.
Rupert Murdoch isn't easily outfoxed. But the Bancroft family, which sold him Dow Jones, publisher of the Wall Street Journal, looks to have got the better of the media mogul.
It's the back half of December and that can only mean one thing: the annual cavalcade of "top 10" lists for the year. But what is especially intriguing this year is to review what wasn't: all the much-hyped trends that did not go exactly as planned remind us that the colliding worlds of entertainment, media and technology remain wildly unpredictable and easily oversold. Here are just a few of the top non-developments of 2008:
To use the oldest media mogul cliché in the metaphorical book, a just-released biography on Rupert Murdoch sets out to answer the question of what exactly is the media tycoon's Rosebud. That is, what has fueled Murdoch's astonishing global media conquest over the past half-century and where does his purchase last year of The Wall Street Journal fit in?
For America's media conglomerates, it's getting Darwinian out there - and the next stage of their evolution could come quickly.
"moot" is the founder of 4chan, one of the largest communities on the Web. It's a profane, scary place. It's also the secret wellspring of Internet culture
The debate over the future of print media has generated some interesting sound bites of late: Microsoft CEO Steve Ballmer told The Washington Post that ink-on-paper is dead in 10 years. Rupert Murdoch, meanwhile, expressed cautious optimism at a conference sponsored by his Wall Street Journal that print will be round for "at least 20 years, and outlive me."
Rupert Murdoch has made the former owners The Wall Street Journal look foolish.
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
The financial pages have been full of anonymously sourced stories about Tribune Co.'s pending sale of Newsday. On Wednesday, News Corp. CEO Rupert Murdoch spoke out about the deal. He publicly stated that a) his company was in "pretty advanced talks" with Tribune Co. CEO Sam Zell to acquire the Long Island daily, b) he expected to announce a deal within a week, and c) no, he didn't see any reason to raise News Corp.'s "highly competitively priced bid" of $580 million for the paper.
Everybody's been talking lately about how much News Corp. CEO Rupert Murdoch loves print. His company just paid $5 billion for Dow Jones, publisher of The Wall Street Journal. Yesterday, he sounded confident that News Corp. would shortly acquire Newsday for $580 million from Tribune Co. Who better to spruce up these papers than a man who is often said to "have ink in his veins," right?
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.
I saw Rupert Murdoch a couple of weeks ago in Los Angeles and asked him if he was having fun with the Wall Street Journal, his hard-won prize and current fixation. "Not yet," he quickly replied in his Aussie brogue. This week, Murdoch rattled the media world with the news the Journal's top editor, Marcus Brauchli, stepped down after just 11 months in the position and an accomplished career at the esteemed business daily. That came in tandem with word that Murdoch is close to a deal to buy Newsday, the Long Island-based daily, from Sam Zell's Tribune Co. for $580 million.
The top editor of The Wall Street Journal is planning to step down after less than a year on the job and four months after the paper was taken over by Rupert Murdoch's News Corp.
Rupert Murdoch made a few concessions when he was trying to persuade the reluctant Bancroft family to part with Dow Jones & Co., owner of the Wall Street Journal.
News Corp. is not considering a bid for Internet giant Yahoo, said CEO Rupert Murdoch during an earnings call with analysts Monday.
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.
On an October afternoon sticky enough to pass for midsummer, Rebecca Gomez, a veteran Fox News correspondent, and her co-star Cody Willard, a former hedge fund trader who bears a passing resemblance to Shaggy from Scooby-Doo, belly up to the bar at the Bull & Bear in Manhattan's Waldorf-Astoria Hotel. The regulars look up from their martinis when Gomez shouts, "Ten minutes, everyone. This is the first hit of FBN."
More than a lot of CEOs, Rupert Murdoch is often willing to muse aloud about his plans. And, at a Goldman Sachs media confab in New York last week the topic of whether to stop charging people to visit the Web site of his newly-won prize, The Wall Street Journal, came up. The first thing the media baron said when asked about it is that he hadn't made is mind up yet, but that "it's certainly on the front burner to decide what to do there." Yet he also went on, as he has before, to point out the bull case for making the WSJ.com free and adding that it "looks like the way we are going."
Dow Jones & Co. has reached a tentative deal on a new contract with the union representing reporters at The Wall Street Journal, ending several months of sometimes contentious talks.
Private jets and private chefs are de rigueur for business's power elite. So, too, you'd think, would be private coiffeurs, paid handsomely to make sure a comb-over does what it's supposed to.
Rupert Murdoch, chairman and CEO of News Corp., received $32.1 million in compensation for the fiscal year ending June 30, according to a filing with the Securities and Exchange Commission.
Readers of the The Sun, a British tabloid best known for its bare-breasted Page Three girls, opened their newspapers to see a young woman named Keeley Hazell wearing only green paint. Ms. Hazell is the face - well, not just the face - of the paper's campaign against global warming.
If you care about business news, you know by now that Rupert Murdoch has won control of the Wall Street Journal.
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.
His bid for the paper launched a debate over journalistic ethics. But in the end, for the wavering Bancrofts, money talked
Stocks looked set to remain in recovery mode Tuesday ahead of a barrage of economic reports.
Rupert Murdoch's News Corp. said Monday it is "highly unlikely" to proceed with its $5 billion bid for Dow Jones & Co. Inc. unless it wins more support from Dow Jones's controlling family.
Members of the Bancroft family, which controls Dow Jones & Co. Inc., may decide by the end of the week whether to accept a $5 billion offer by Rupert Murdoch's News Corp for the publisher of The Wall Street Journal.
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.
The fate of Dow Jones & Co. now rests with the Bancroft family, the company's longtime controlling shareholders, who must decide whether to sell the publisher of The Wall Street Journal to Rupert Murdoch's News Corp.
Murdoch's media conglomerate News Corp. and Dow Jones' board have agreed in principle on ways to ensure the Journal's independence, with some items yet to be decided,
Rupert Murdoch said he had no plans to raise his $5 billion bid for Dow Jones & Co. Inc. and expected final approval from the controlling Bancroft family within two to three weeks, "if at all."
Dow Jones & Co. Inc. said Wednesday its board will take over negotiations related to a $5 billion takeover offer from Rupert Murdoch's News Corp., a move that could bring a quicker resolution to the talks.
Journalists have a habit of making heroes of poor managers. But high quality journalism is too vital to be reduced to a charity case
News Corp.'s Rupert Murdoch has offered the Bancrofts, the controlling family of Dow Jones, a seat on the company's board if they accept his $5 billion offer for the company.
The buyout deals keep on coming, a sign of just how white-hot the market is for mergers and acquisitions.
In the voluminous coverage of the bid by News Corp. for Dow Jones, the Internet is getting short shrift. Yes, we hear it duly reported that, for instance, two-thirds of cash flow next year at Dow Jones will be from electronic businesses, and that News Corp. chairman and CEO Rupert Murdoch may want to use The Wall Street Journal brand as a flagship portal for all his online business-news operations. But it's always the print paper that takes center stage. Joe Nocera in The New York Times called the paper, Dow Jones' "trophy property."
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.
Pity Rupert Murdoch. The News Corp. chairman and CEO has been caught between two Manhattan residences - his old SoHo loft, which he sold to fashion designer Elie Tahari for $25 million, and his new...
It has been a tough week for satellite television operators DirecTV (DTV) and EchoStar (DISH): First FCC Chairman Kevin Martin signaled his unwillingness to approve a merger of the two companies, a deal that investors seemed to like.
News Corp. Chairman and CEO Rupert Murdoch said Tuesday that his company has big plans for its popular social networking site MySpace.
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...
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.
May 9 Bankrupt auto parts maker Delphi is due in court for a hearing on whether it can void union contracts.
WE CAN'T SAY FOR CERTAIN WHICH of his many tribulations was on Rupert Murdoch's mind when he convened his lieutenants for a September offsite in Carmel, Calif. It may have been the son who got away...
Always wanted that "power lunch" with a high-profile executive?
Prince Alwaleed bin Talal bin Abdul Aziz al Saud is the richest businessman in the Muslim world, worth upwards of $20 billion. He is also one of the biggest--and most successful--foreign investors ...
NEW YORK (CNN/Money) - Welcome to the Internet, Rupert Murdoch. What took you so long?
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.
A split between media mogul Rupert Murdoch and his adult children over his third marriage raises question about who will lead News Corp. following the 74-year old billionaire's death, according to a published report.
NEW YORK (CNN/Money) - Coming soon to an Xbox near you: "Hannity and Colmes: The Video Game".
Rupert Murdoch, chairman and CEO of media giant News Corp., has agreed to buy the late Laurance Rockefeller's Fifth Avenue penthouse apartment for $44 million, according to a report published Friday.
If you didn't know better, chances are you wouldn't peg Britain--for years the land of the BBC and, let's face it, not much else--as one of the world's most exciting places to watch television. It ...
Of all the modern media swashbucklers, none has swashed and buckled longer or more successfully than Rupert Murdoch. Now, at 71, the sharp-elbowed billionaire is on a new roll, racking up ratings w...
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...
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...
Howard Hughes may have been a little mad by the end of his life, but he certainly knew what made the public's juices flow. It wasn't money, though he amassed plenty of that in his varied pursuits, ...
Why Bill Gates Likes The View From Avista
If a band of evil aliens wanted to destroy the Internet, they could have triumphed in one swift stroke--by zapping San Jose's Fairmont Hotel on a brilliant day in early July. Inside, one of the wor...
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...
Unless Bill Gates and Rupert Murdoch are dead wrong--but would you bet against them?--prospects for the once-embattled cable TV industry are bright again. The second week in June was an amazing one...
So here we are again, bearing a list of the year's ten most notorious business persons--an exercise traceable to 1991, when the list was led by con artist Robert Maxwell--and needing as usual to st...
As Herbert Allen, Barry Diller, Michael Milken, Rupert Murdoch, Ron Perelman--and everyone else familiar with the recent sale of New World Communication Group to News Corp.--surely know, a Tinselto...
Ronald Perelman is one of America's legendary investors. Since 1978, Perelman, now 51, has parlayed $1.9 million of borrowed money into an empire that Forbes magazine values at $3.6 billion, making...
If you've been following the career of media mogul Rupert Murdoch, 63, you know that just when everything is going smoothly, he overreaches -- and then somehow survives. Well, he's at it again. In ...
THE RUSH IS ON to get a piece of Asia's rapidly expanding television market -- potentially the biggest in the world. The opportunity to capture three billion viewers, many increasingly affluent and...
Rupert Murdoch sure gets a lot of work done on vacation. Aboard his yacht, Morning Glory, off the coast of Italy, he recently signed a deal to buy 64% of HutchVision's STAR TV from billionaire Li K...
ON THE WALL of Rupert Murdoch's office at Twentieth Century Fox are four clocks, keeping track of the time in Los Angeles, London, Sydney, and Hong Kong. They remind visitors that here resides a gl...
Keeping Up herewith proudly inaugurates an annual list of the ten most notorious businesspersons of the year. Our operative definition of ''notorious'' is the first one supplied by Webster's New Wo...
If your customers are beginning to look more like your distributors, and if your competitors are beginning to look more like your partners, welcome to the new industrial revolution. Successful comp...
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 ...
There must be a media company somewhere that Rupert Murdoch does not want to get his mitts on, but trying to name it would be foolish.
For years Rupert Murdoch has titillated Britain with his racy tabloids. Now he has shaken the country with the way he runs them. In a move that could revolutionize the archaic British newspaper ind...
ONE OF THE WORST things that could have happened to the television industry finally has: the financial markets have fallen in love with it. Like an Edenic resort that loses its charm as it gains po...
Australian media magnate Rupert Murdoch, best known as a publisher of scandalous tabloids, is bounding into the U.S. television industry. He and Texas oilman Marvin Davis will pay $2 billion for th...
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