Rupert Murdoch reportedly stepping down from 21st Century Fox June 11, 2015 Media mogul Rupert Murdoch is preparing to step down from his empire at 21st Century Fox, according to reports. Murdoch is expected to hand over the reigns to son James within six months to a year, according to CNBC, citing unnamed sources close to the family. The 84-year-old will remain as executive chairman and will [...]
21st Century Fox earnings down despite box office film successes May 6, 2015 Rupert Murdoch’s 21st Century Fox yesterday reported a hit to its earnings for the third quarter, after asset sales and the fact it did not show the Super Bowl. Net income fell seven per cent to $975m (£640m), from $1.06bn a year earlier. The media giant posted quarterly revenues of $US6.8bn, which were down from [...]
21st Century Fox revenue falls as Rupert Murdoch deals with falling TV viewership May 6, 2015 The figures 21st Century Fox's share price jumped in after-hours trading after the media conglomerate reported third-quarter earnings that beat analysts' expectations – although revenues missed targets. Revenues fell from $8.2bn to $6.84bn (£4.49bn). However, excluding turnover from the Sky Deutschland and Sky Italia businesses which have since been sold to Sky, revenues actually increased one [...]
Big guns Lord Ashcroft and Rupert Murdoch aim fire at David Cameron April 27, 2015 David Cameron recently pledged to serve a full second term as Prime Minister – yet titans of the centre-right are eyeing up a somewhat quicker exit for him. Party donor and keen psephologist Lord Ashcroft is no big fan of Cameron, referring to the Tory leader as “suspicious” in a recent blog post regarding [...]
eSports firm Gfinity teams up with Rupert Murdoch’s News UK April 17, 2015 Rupert Murdoch's News UK has recognised the booming appeal of eSports by agreeing a two-year commercial partnership with professional video gaming firm Gfinity. Aim-listed Gfinity has a rapidly expanding online user base in excess of 300,000 and boasts of the UK's first eSports-dedicated arena which hosts weekly professional competitions of games such as Fifa '15, Counter-Strike: [...]
Amazon and HarperCollins agree publishing deal settling ebook pricing row April 14, 2015 Amazon and publisher HarperCollins have settled a long-running battle over the pricing of digital editions of its books. The NewsCorp-owned publisher and online retailing giant have agreed that HarperCollins can set its own prices for ebooks sold through Amazon although there will be incentives for it to set lower prices for consumers, the Wall Street [...]
General Election 2015 manifestos: Labour prepares to take aim at Rupert Murdoch April 13, 2015 A Labour government would rein in the influence of media tycoons like Rupert Murdoch, the party said yesterday. Its 86-page manifesto, now published in full, said: “No media owner should have so much power that those who run it believe themselves above the rule of law.” The pre-election document also said the party is [...]
Kelvin MacKenzie gets Rupert Murdoch push for A Spokesman Said customer complaints website January 12, 2015 Media entrepreneur Kelvin MacKenzie has won backing from media tycoon Rupert Murdoch for a new website aimed at giving disgruntled consumers a chance to name and shame companies offering them poor service. A Spokesman Said, which was officially launched yesterday, will be funded by MacKenzie and a group of private investors, including Murdoch and entrepreneur [...]
James Murdoch steps down as Sky Deutschland chairman after pension fund questions “conflicts of interests and suitability” November 19, 2014 James Murdoch has stepped down from his role as chairman of Sky Deutschland following today's AGM. Murdoch will remain on the supervisory board, with Sky's chief executive Jeremy Darroch taking on the chairmanship role. Andrew Griffith has also joined the board as a member. The move comes two days after the Local Authority [...]
News Corp buys Move to boost its real estate September 30, 2014 Rupert Murdoch’s News Corp yesterday stepped further into the digital age with the announcement it would spend $950m (£586m) buying Move, the US company which owns property websites such as realtor.com. News Corp said it would pay $21 per share, a premium of 37 per cent to Move’s closing price on Monday. Australian real estate [...]