Rupert Murdoch

News Corp. Countersues Heinz in Advertising Clash

Heinz and Rupert Murdoch's News Corp have sued each other in two different federal courts, a sign that an advertiser mutiny against News and its alleged monopolistic practices is spreading. Previously, News was sued by Dial Corp over similar allegations.

The Yankees Score Big with a $1.5 Billion TV Deal

The New York Yankees are a money-making machine and on Tuesday, the company's television subsidiary cashed in. The YES Network is selling 49 percent of its business in a deal that values the network at $3 billion. And the numbers get even bigger from there.

Pop Quiz: What Were the Most Expensive Affairs in History?

The recent revelation of Gen. David Petraeus' affair cost him a promising political career. But in the grand history of marital infidelity, it barely warrants a footnote. If you want to see where Petraeus ranks when it comes to expensive affairs, take our quiz.

Stock Market Cuts Its Losses with a Late Rally

A late recovery on Wall Street wiped out most of the stock market's losses Thursday, leaving the Dow Jones industrial average down just 25 points. The Dow had been down as much as 177 points but came back sharply at the end of the day.

News Corp. Confirms Plans to Split Company in Two

Rupert Murdoch's News Corp. said Thursday that plans to split into two separate companies, one holding its newspapers and the other its entertainment operations. The Murdoch family, which controls nearly 40% of the voting shares in News Corp., is expected to maintain control of both.

Did Warren Buffett Just Save the Newspaper Industry?

Last week, Warren Buffett moved to save Media General, paying $142 million to buy 63 of its struggling newspapers. The move helps backstop the newspaper industry, giving it breathing room to figure out a way to survive in the Internet age.

Why the NY Times Co. Will Never Be Great Again

New York Times is a survivor, but it's bleeding internally. Its stock has floundered in the single digits since March. It hasn't dished out a dividend in three years. Revenue has fallen every year since 2006. And its unclear if its Internet plans can sustain a traditional publisher.

Celebrity Marriages: They Should Have Gotten the Prenup

"To leave hundreds of millions of dollars vulnerable does not seem like a wise choice," says one matrimonial lawyer. Still, many of the rich and famous keep heading down the aisle without a prenup. It's a choice some eventually live to regret.

MySpace Markdown: Social Site on Sale for 94% Off

Back in July 2005, the deal seemed so promising. Rupert Murdoch's News Corp bought MySpace parent Intermix Media for $580 million. The social media pioneer was, by some measures, the fifth most-visited website in the U.S. This week, MySpace may be sold for as little as $30 million.

U.K. Approves Murdoch's Takeover of BSkyB

Rupert Murdoch's global media empire is poised to grow ever bigger after the British government approved plans by News Corp. to buy full control of satellite TV operator British Sky Broadcasting Group PLC.

iPad 2 Prototype Pops Up at Launch of The Daily

News Corp's launch of The Daily, its highly-touted online newspaper designed for the iPad, apparently featured more than just the latest stories out of Egypt. The publication's debut was shown on an unreleased version of Apple's iPad featuring dual front- and rear-facing cameras.

Church of England Opposes Murdoch Bid for BSkyB

Rupert Murdoch may face opposition from a higher power in his bid to take full control of British satellite TV provider BSkyB. The Church of England said that it opposes News Corp.%u2019s (NWS) plans for BSkyB, saying that such a deal would allow News Corp. to "dominate" the country%u2019s media, The New York Times reported.

U.K. Media Ask Government to Examine Murdoch's Bid for BSkyB

British newspapers and the BBC wrote a letter to the UK government asking it to examine Rupert Murdoch's bid to take over British Sky Broadcasting Group, saying the deal could harm the public interest. The owners of newspapers including The Daily Telegraph and The Guardian, along with the director general of the BBC, wrote a letter saying that the deal would expand News Corp.%u2019s (NWS) control of the UK media. Murdoch controls News Corp.

Yes, Tablet Users Really Are Reading More

Publishers talk about the Apple iPad and Amazon Kindle and other tablet devices as their salvation. Now, new consumer research suggests that view may be grounded in reality: Tablet users are reading more -- and are reconciled to paying.

How The Wall Street Journal Sounds Like Fox News

If you have any doubt that The Wall Street Journal is fast becoming steeped in the corporate culture of Rupert Murdoch's News Corp., I invite you to read a couple of quotations from today's news.