Murdoch moves eldest son into chairman role March 26, 2014 RUPERT Murdoch yesterday took a key step in preparing News Corp and Twenty-First Century Fox for his eventual retirement by promoting his two sons into key leadership positions. Murdoch’s eldest son Lachlan, 42, will return to the business as non-executive co-chairman of both News Corp and Twenty-First Century Fox, roles he will share with his [...]
Team GB close in on historic gold after curling success for Murdoch February 19, 2014 TRIUMPHANT British skip David Murdoch is targeting a history-making gold medal in tomorrow’s curling final with reigning Olympic champions Canada. Murdoch scored two points with the final stone of yesterday’s semi-final against Sweden to seal a 6-5 victory and at least a silver medal. Britain have never won more than one gold medal at a [...]
Murdoch vows not to waste lifeline in Sochi February 17, 2014 BRITISH skip David Murdoch knows his rink have been handed a lifeline to reach the curling semi-finals and has vowed not to waste it in today’s tiebreaker with Norway. Team GB suffered a 6-5 defeat to China in their final round robin match in Sochi yesterday, but a surprise 5-3 loss for Norway against Denmark [...]
News Corp’s cost cutting pushes profit up February 6, 2014 NEWS Corp, publisher of the Wall Street Journal, reported a four per cent decline in quarterly revenue to $2.2bn (£1.4bn) on weaker advertising at its newspapers, but cost cuts helped push profit well ahead of analysts forecasts. Shares rose four per cent in after hours trading.
Murdoch’s 21st Century Fox to abandon Australian stock listing January 9, 2014 RUPERT Murdoch’s 21st Century Fox has started the process to remove its listing from Australia’s stock exchange, a move that the company said was designed to simplify its operating structure and cut compliance costs. Following the move 21st Century Fox’s shares will be listed solely on the US Nasdaq exchange and it is expected to [...]
Split with Fox knocks News Corp revenues November 12, 2013 NEWS Corp’s split with Fox pushed down revenues unexpectedly quickly in its first quarter as a separate business, the firm revealed yesterday Revenues fell three per cent at the group, although net income attributable to common shareholders was $27m (£16.9m), swinging back from a loss of $92m in the same quarter last year. News Corp [...]
Investment firm with Icahn links takes out large News Corp stake September 11, 2013 THE INVESTMENT firm that joined Carl Icahn in his failed bid to block Dell’s buyout bid on Tuesday, took a 12 per cent stake in News Corp yesterday, the largest holding behind founder and chairman Rupert Murdoch. Southeastern Asset Management, based in Memphis, Tennessee, took 23.8m class B shares in News Corp, valued at $397m [...]