news corporation

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.

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.