Rupert Murdoch

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Cablevision Buys Newsday
 Cablevision Buys Newsday 
May 12, 2008 8:07 AM CDT

Cablevision Buys Newsday

LI company wins battle for paper

(Newser) - Cablevision will pay Tribune Co. $650 million for Newsday, the companies said this morning. The cable operator's bid for the Long Island daily and its free offshoot amNew York topped $580 million offers from New York Daily News owner Mortimer Zuckerman and News Corp., reports the Wall Street Journal.

Murdoch Drops Newsday Bid
 Murdoch Drops Newsday Bid 
May 10, 2008 1:44 PM CDT

Murdoch Drops Newsday Bid

News Corp. calls matching Cablevision's $650 million offer "uneconomical"

(Newser) - Rupert Murdoch has dropped his $580 million bid for Newsday. Cable operator Cablevision has offered $650 million for the Long Island daily, and Murdoch’s News Corp. said a higher bid would be “uneconomical.” The media tycoon’s dropout was unexpected, Reuters says, considering Murdoch recently told investors...

Journal Staff Uneasy as Murdoch Era Rolls On
Journal Staff Uneasy as Murdoch Era Rolls On
analysis
May 9, 2008 10:59 AM CDT

Journal Staff Uneasy as Murdoch Era Rolls On

Some worry paper will lose its business edge

(Newser) - Tensions are running high in the Wall Street Journal’s newsroom, the New Republic reports, as staffers wonder just where this Murdoch thing is going. Managing editor Marcus Brauchli’s resignation still hangs heavy in the air. Murdoch pushed Brauchli to resign, and paid him millions to sign a non-disclosure...

MySpace Web's 'Biggest Steal'
MySpace Web's 'Biggest Steal'
OPINION
May 8, 2008 3:22 PM CDT

MySpace Web's 'Biggest Steal'

Despite missing revenue targets, Mashable scribe not afraid to 'wax poetic'

(Newser) - MySpace fell short of revenue targets in the most recent quarter, but, Adam Ostrow argues in Mashable, it’s still proven a phenomenal deal since Rupert Murdoch’s News Corp. bought it for $580 million in 2005. Revenues from its unit are pulling close to its purchase price and it’...

May-December Effect Is Real
 May-December Effect Is Real  
May 7, 2008 7:14 PM CDT

May-December Effect Is Real

Age gap at first marriage shrinks

(Newser) - The older men are when they walk down the aisle, the more likely they are to have a younger bride, according to a new study. Famous May-December pairings usually involve the rich and famous—think Donald Trump or Larry King—but the trend holds up at every income level, the...

Murdoch's News Corp. Triples Profit
Murdoch's
News Corp. Triples Profit
earnings report
May 7, 2008 5:28 PM CDT

Murdoch's News Corp. Triples Profit

Media conglomerate earns $2.7B, thanks mainly to DirecTV deal

(Newser) - Rupert Murdoch's media conglomerate tripled its profit last quarter on improved results from its cable and broadcast networks and the sale of DirecTV, MarketWatch reports. News Corp. earned $2.7 billion, or 91 cents a share, up from $871 million, or 27 cents a share, in the same quarter last...

World's Most Influential Make Time
World's Most Influential
Make Time
May 5, 2008 2:47 AM CDT

World's Most Influential Make Time

Bernanke, Pitt, Clooney & Putin join list of 100 movers & shakers

(Newser) - It’s not often Hillary Clinton, the Dalai Lama, and Judd Apatow find themselves on the same list. But they've all made Time's annual pick of the world’s 100 most influential people, ranging from artists and intellectuals to scientists and politicians (including George Bush and all three presidential hopefuls)....

Cut the Charade: Let Rupert Have His Way With Journal

Let's stop kidding ourselves: he's taking it anyway

(Newser) - Let’s stop kidding ourselves, Jack Shafer writes in Slate: Rupert Murdoch is seizing control of the Wall Street Journal, and we might as well be done with the “Special Committee” that was supposed to protect editorial independence. The Bancroft family insisted on the creation of the board, which...

WSJ Oversight Panel Slams Editor's Ouster

Removal violated 'letter and spirit' of agreement with News Corp.

(Newser) - A committee formed to protect the editorial independence of the Wall Street Journal from Rupert Murdoch’s influence said today the solicited resignation of managing editor Macrus Brauchli violated an agreement with Murdoch's News Corporation, Reuters reports. The committee is supposed to review all high-level hirings and firings, but, as...

Paid Off And Gagged, WSJ Honchos Betray Treasured Trust

Murdoch burns paper's 'fundamental value'

(Newser) - More top Wall Street Journal execs have been spit out by the Murdoch machine, and the staff they leave behind is furious they’re leaving so quietly. Zipping their mouths was part of hefty severance packages, David Carr notes in the New York Times, and as the line evaporates between...

Daily News Owner Makes Newsday Bid
Daily News Owner Makes Newsday Bid
Apr 26, 2008 6:02 AM CDT

Daily News Owner Makes Newsday Bid

Zuckerman v. Murdoch fight may hinge on who can clear FCC

(Newser) - Daily News owner Mort Zuckerman has matched Rupert Murdoch's bid for Newsday, the New York Times reports—but didn't go a penny over the $580 million the New York Post owner offered. Instead Zuckerman claimed his bid is the better one because, unlike Murdoch's, it doesn't run the risk of...

Murdoch Calls FCC Bluff With Newsday Move

News Corp. would need waiver to dodge anti-consolidation rules

(Newser) - Rupert Murdoch is betting new federal standards limiting media ownership to one TV station and one newspaper (per market) won't keep him from buying a fifth New York outlet. The mogul has long held waivers to control media in excess of the rules, and he doesn't think recent enforcement pledges...

Exiting Journal Editor Was Stuck Between Rupe and 'DNA'

Murdoch wanted own man, faster change

(Newser) - Continuing to report on the aftershocks of its own takeover, the Wall Street Journal does a postmortem on the departure of top editor Marcus Brauchli, detailing his uncomfortable position between a demanding new owner and the paper's institutional “DNA.” Rupert Murdoch wanted to build a direct competitor to...

Read All About It: Journal Posts 'Help Wanted' Sign

Managing editor quits, will consult for News Corp.

(Newser) - After Marcus Brauchli officially resigned as managing editor of the Wall Street Journal this afternoon, the paper said it will "begin a search for Mr. Brauchli's replacement immediately." That may prove difficult: Brauchli, who will remain with News Corp. as a consultant,   wasn't given the control over...

Murdoch Closing In on Newsday Deal

Media mogul about to grab third New York paper

(Newser) - Rupert Murdoch's News Corp. empire is closing in on a deal to buy Newsday from the Tribune Company for an $850 million package, reports Reuters. Under the terms of the deal, Newsday would be run as a joint venture with the New York Post, but the papers would remain separate...

Top Editor Bails on Journal
Top Editor
Bails on
Journal
Apr 22, 2008 9:54 AM CDT

Top Editor Bails on Journal

Four months under Murdoch regime enough for Brauchli

(Newser) - Four months into the Rupert Murdoch era, the Wall Street Journal’s managing editor is resigning. Marcus Brauchli, in the job since May, has tried to chart a path between Murdoch and the paper’s traditionalists, sources told Time, which broke the story on its website. The split is said...

Bloomberg Won't Buy NY Times

Billionaire not interested in ailing paper

(Newser) - If the New York Times is wooing potential buyers as many have speculated, New York City Mayor Michael Bloomberg seems to be an ideal suitor. He heads a media empire, has a $12 billion fortune and the acumen to go mano-a-mano with Rupert Murdoch's Wall Street Journal—and he'll have...

Murdoch's Journal Readies Battle Against the Times

Clash of titans recalls Hearst v. Pulitzer

(Newser) - A newly Rupert Murdoch-ified Wall Street Journal throws down the gauntlet at the New York Times tomorrow, reports Newsweek, in the biggest battle of newspaper titans since Hearst v. Pulitzer. Murdoch is looking for (more) power and respect from the journalistic elite at a time when the Gray Lady is...

MySpace Cuts Distribution Deal for Its Video Content

Social network labels itself 'digital playground'

(Newser) - MySpace has signed with a British production firm for international distribution of video content it develops, in a sign that News Corp's social network aims to be a breeding ground for small-screen programming. Indeed, in revealing the deal with the Shine Group—whose CEO is News Corp chairman Rupert Murdoch’...

Yahoo, AOL May Merge; Murdoch-Microsoft In Talks

Two Internet-shaking deals stem from Microsoft-Yahoo talks

(Newser) - Two groundbreaking Internet deals are in the works, both related to Microsoft's desire to take over Yahoo, the Wall Street Journal reports. In one, Yahoo is considering combining its online operations with Time Warner's AOL. In the other, Rupert Murdoch's News Corp. is in talks to join Microsoft in its...

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