Ad Revenue Slips at News Corp.; Lululemon Exec Cashes In
Ad revenue for the coming fall season at News Corp.'s Fox Network is forecast drop 10 percent from a year ago, but rivals CBS and NBC expect modest increases.
rupert murdoch
Big Ticket Buffet(t): The World's Most Expensive Dinner Guests
Want to break bread with one of the country's top movers-and-shakers, or perhaps a movie star or musical icon? Here are a few of the most expensive dinner dates in history.
News Corp Beats the Street, Plans a Spin-Off
News Corp posted higher earnings, led by strong growth at its Fox television division. The company is spinning off its publishing unit, including The Wall Street Journal.
News Corp Results Beat Estimates, Spin-Off On Track
Rupert Murdoch's News Corp reported quarterly earnings that beat Wall Street expectations, aided by growth at its cable networks. It plans to spin-off its publishing business.
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.
News Corp. Goes to School: Media Giant Takes Aim at Education Biz
Parents, are you ready for your children's education to be fair and balanced? News Corp. announced this week that it will collaborate with AT&T to bring digital education services and products to U.S. schools.
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 it plans to split into two companies, one holding its newspapers and the other its entertainment operations. The Murdoch family, which controls nearly 40% of News Corp.'s voting shares, 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 was sold for a fraction of that amount.
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
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. Launches Newspaper for Tablet Computers
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?
Will News Corp. Sell MySpace?
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, Apple Delay Launch of iPad Newspaper, 'The Daily'
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.
U.K. Media Ask Government to Examine Murdoch's Bid for BSkyB
British newspapers and the BBC wrote a letter to the U.K. government asking it to examine Rupert Murdoch's bid to take over British Sky Broadcasting Group, saying the deal could harm the public interest.
Page Six Editor Leaves. End of the Line for the 'New York Post'?
Longtime gossip editor Richard Johnson's departure from the New York Post is a strong indication that owner Rupert Murdoch's patience with the money-gushing tabloid may be approaching its inevitable end.
Yes, Tablet Users Really Are Reading More
Publishers talk about the iPad, Kindle and other tablets as their salvation. New consumer research suggests that view may be well-grounded: Tablet users are devouring more content -- and are reconciled to paying.
News Corp's HarperCollins Announces New Conservative Book Imprint
Conservative books sell -- a fact that the traditionally liberal publishing industry has learned to embrace. HarperCollins plans to join publishers Simon & Schuster, Penguin, and Random House with a conservative imprint of its own, Broadside Books.
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., check these quotations. Like Fox News, it declares victory (prematurely) and expresses contempt for rivals.
Explaining the Cozy Relationship Between Apple and News Corp.
News Corp.'s decision to make its TV shows available for 99-cent rental to Apple TV users is just the latest chapter in an increasingly cozy relationship between Rupert Murdoch and Steve Jobs.
Is Hiring New Workers Really
Too Expensive?
Businesses large and small have complained for years about the cost of doing business. And it's not unusual for them to use the cost of hiring moderate-income workers to illustrate their points. Here's what they fail to mention.
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? That's what the liberal group Media Matters is saying. But is this issue really worth all the hubbub?
News Corp.'s
$1 Million to the GOP: No Big Deal
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.