Rupert Murdoch

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.

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.

"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.

Rupert Murdoch accepted the resignation of The Wall Street Journal's publisher and the chief of his British operations on Friday as the once-defiant media mogul struggled to control an escalating phone hacking scandal with a public statement of contrition and a personal apology to the family of a...

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 was sold for a fraction of that amount.

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.

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

News Corp. has launched The Daily, a newspaper specifically designed for the Apple iPad and other tablet computers. The e-paper's premier edition has attracted kudos for visuals, but mixed reviews on content. The burning question: Will it attract paying readers?

News Corp. more than doubled its earnings for the fiscal second quarter, the company announced Wednesday. Part of the gain comes from a settlement charge a year earlier, which dampened year-ago earnings on a one-time basis. The company also is considering selling MySpace.

News Corp and Apple have delayed the launch of The Daily, a digital newspaper for the iPad, which is intended to prove Rupert Murdoch's that premium editorial content can be sold and can make money online.