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.
Should Fox News have to give up its seat in the White House briefing room because of ideological bias? That's what the liberal group Media Matters is saying. But is this issue really worth all the hubbub?
It's unseemly when one of the nation's biggest news outlets drops a wad of cash on one political party. But when you get down to it, News Corp.'s donation to the Republican Governors Association is no worse than business as usual.
Fox News pundits decry Imam Feisal Abdul Rauf, who's sponsoring a mosque in lower Manhattan, as a threat to America. But for Fox's parent News Corp., doing billions of dollars in investment deals with a nephew of Saudi Arabia's king is just business as usual. And it shows how much more nuanced it is to run a multinational media giant today.
Inappropriate reporting of expenses got Mark Hurd fired from his job running Hewlett-Packard. Will it also cost him his seat on News Corp.'s board of directors?
"I don't do predictions," said Arianna Huffington at a panel discussion Tuesday, although she actually does, quite enthusiastically. But perhaps she shouldn't, given her difficulty sticking to the facts of the present.
News Corp. chairman Rupert Murdoch today officially acknowledged that The Wall Street Journal will launch a widely expected metro section covering New York -- because, he implied, the Journal's archrival The New York Times is no longer covering it.
Mort Zuckerman wants to have more say in government. Rupert Murdoch wants to stop losing money on the New York Post. Their problems may have a common solution. Could selling Murdoch the Daily News garner Zuckerman his fellow mogul's backing for a bid for a U.S. Senate seat?