Google picks apart News Corp attack in open letter September 25, 2014 THE SPAT between Google and Rupert Murdoch’s News Corp escalated yesterday as the search giant responded to scathing claims made by the publisher last Thursday that it was a “platform for piracy”. In a blog post sarcastically titled “Dear Rupert”, referring to the billionaire chairman, Google’s comms chief Rachel Whetstone hit back at claims made [...]
Google Vs News Corp: Internet giant refutes piracy claims made by Rupert Murdoch-owned publisher September 25, 2014 Google has responded to scathing claims made by News Corp that it’s a “platform for piracy” run by “cynical management” in a blog post titled “Dear Rupert”. The piece, penned by Google's global head of communications Rachel Whetstone, outlines a point by point response to claims made by News Corp’s Robert Thomson last week in [...]
Is News Corp right that Google’s internet dominance is damaging? September 18, 2014 Carl Miller, research director at the Centre for the Analysis of Social Media at Demos, says Yes. Google: Gmail, Chrome, Google+, Search, all free. It gives us a suite of brilliantly useful products that almost all of us use daily. What’s not to like? That’s the problem. Day-to-day, everything is convenient and free. We treat [...]
News Corp chief Robert Thompson calls Google a “platform for piracy” run by “cynical management” in letter to EU commissioner Joaquin Almunia September 18, 2014 News Corp has told the EU it believes Google is stifling competition and undermining the business model of “content creators” in its dominance of internet search. The Rupert Murdoch-owned company, which publishes the the Times, the Sun, the Wall Street Journal and book publisher Harpercollins lambasted Google in a letter to the EU’s competition commission [...]
Undercover Rupert Murdoch hits Scottish streets ahead of independence referendum September 14, 2014 If you were north of the border over the weekend breathing in Scotland’s febrile political atmosphere you may have been standing side-by-side with none other than Rupert Murdoch. But you may not have known it. According to a tweet by the media tycoon, he went undercover for a true Scots experience. We’re [...]
21st Century Fox: ValueAct Capital takes $1bn stake in Murdoch’s entertainment company August 12, 2014 US hedge fund ValueAct Capital has taken a $1bn stake in Rupert Murdoch’s 21st Century Fox it’s been revealed, less than a week after the entertainment company failed in its $80bn bid to buy Time Warner. ValueAct chief executive Jeffrey Ubben told Reuters "We support (Fox's) stand-alone plan and (believe) that it would drive the [...]
Time Warner share price dips after Rupert Murdoch’s aborted Fox bid August 6, 2014 Not even higher-than-expected profits and a boosted share buyback could prevent Time Warner’s stock crashing 12.85 per cent yesterday, in the wake of Rupert Murdoch’s Twenty First Century Fox withdrawing its $80bn (£47.5bn) bid for the company. US media conglomerate Time Warner reported soaring profit of $843m, beating market expectations, during the second quarter to [...]
Rupert Murdoch doesn’t retreat, he just regroups – Bottom Line August 6, 2014 And just as quickly as he arrived, Murdoch’s gone. His more-than-$80bn (£47bn) bid for Time Warner was swiped from the table almost as suddenly as it landed, and some Time shareholders will be disappointed to see it go. Underestimating Rupert Murdoch is never wise, and though his withdrawn bid may look like a retreat, he’s [...]
Murdoch ends $80bn Time Warner bid, plans $6bn share buyback August 6, 2014 Rupert Murdoch has ended his $80bn bid for Time Warner after it refused to engage with 21st Century Fox over the proposed deal. It ends considerable speculation over a deal which would have created a giant in the American media landscape. 21st Century Fox will instead buy back $6bn of its shares over the next [...]
Time Warner changes rules to make it tougher for 21st Century Fox to buy July 21, 2014 Time Warner last night changed its company bylaws to make it more difficult for 21st Century Fox to pressure the firm into a takeover. The media giant has axed for one year a rule allowing shareholders holding at least 15 per cent of its shares to call a special meeting – a measure that could have [...]