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Saudi Prince to Build World's Tallest Tower

Saudi Arabia's Prince Alwaleed bin Talal -- a rich investor who holds stock in many of the world's largest companies, including Citigroup and News Corp. -- has announced his next investment: the world's largest tower.

Twitter May Raise Money as Web 2.0 Values Soar

Twitter is mulling a new round of funding that could value the company at over $3 billion. This news comes just as Google is in negotiations to buy Groupon for as much as $6 billion. Other large web 2.0 companies have also been given lofty valuations as well.

How Much Longer Will
The Simpsons Last?

It seems like the Simpsons family has always been with us, like Lassie and the Brady Bunch. And now Fox has made sure America's favorite dysfunctional animated family will stike around for another year. But with the show losing viewers, how much longer can it last?

Keith OIbermann Will Return to MSNBC on Tuesday

MSNBC head Phil Griffin now says Olbermann, who was suspended indefinitely without pay on Nov. 5, has been punished enough. Olbermann's supporters certainly felt that way, calling his suspension by MSNBC for making political donations to Democrats "outrageous" and "bizarre."

MySpace Launches Massive Overhaul

The faltering social network is relaunching as a multimedia platform aimed at Gen Y. It's a radical departure from the format that made it the world's largest social network -- before Facebook stole that crown and ran with it. The new MySpace takes more of a portal approach.

More NPR Journalists Under Fire for Fox News Appearances

After NPR's Juan Williams' made comments about Muslims on Fox News that cost him his job with the public broadcaster, some critics argue that appearances by Mara Liasson, another NPR journalist, on Fox violate NPR's ethics guidelines.

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.

Stop Picking on Fox News (This Time)

Should Fox News have to give up its seat in the White House briefing room because of ideological bias? It's an insignificant non-issue, so enough, already!

News Corp.'s
$1 Million to the GOP: No Big Deal

It looks terrible when company that owns some of the nation's biggest news outlets drops a wad of cash in the lap of one political party. But when you get down to it, there's no reason News Corp.'s donation to the Republican Governors Association is any worse than what happens every day.

A Hulu IPO?

Hulu is preparing to go public, according to a report in The New York Times. The offering could value the video content website at $2 billion.

Dan Abrams's Mediaite Tests the Limits of Fair Use

Just what constitutes "fair use" of copyrighted material has always been hard to define. Now a new website, Mediaite.com, is using that ambiguity to build a business model on other companies' content.

Dirty Apps? Apple's Erratic Censorship

Steve Jobs's dictate that apps for Apple's iPad and iPhone contain no pornography or nudity affects plenty of major magazines, including Playboy, Cosmopolitan and W. How are they dealing with it?

News Corp. Earnings Up, Outlook Robust

News Corp. Chairman Rupert Murdoch was optimistic about the advertising outlook for his media empire, which reported earnings of $875 million. He also called the iPad "a real game-changer in the presentation of news" at the earnings call.

The Five-Minute Guide to News Corp.'s Scandals

It's truly touching to see how concerned the New York Post is about CNN's innocence following its hire of Eliot Spitzer. But while the Post looks out for CNN's soul, who's looking out for the Post's?

WSJ Slashes Prices as Murdoch Aims at NY Times

Rupert Murdoch has a history of contrarian gambles that pay off big. But with newspaper advertising in a historic slump and online ad spend overtaking print for the first time, is the price war a smart move at this time?

MySpace Traffic May Be Lower Than We Thought

Things may be even worse than they seemed at News Corp.'s foundering social-media network MySpace, whose online press kit boasts it has 100 million active users -- but who may be much closer in number to 18 million, and falling fast.

Murdoch: NY Times No Longer Covers NYC

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, Journal archrival The New York Times is no longer covering it.

Dow Jones Buys Other Half of SmartMoney

Dow Jones and Co., a unit of News Corp., announced Tuesday that it is buying out Hearst's 50% stake in SmartMoney, making Dow Jones the sole owner of the personal finance magazine.

It's Official! Cowell to Quit 'Idol'

Simon Cowell is calling it quits from Fox's American Idol after this season, he told the Television Critics Association on Monday. Cowell says he plans to focus on developing a U.S. version of the U.K. program The X Factor, in which he has an ownership interest.