News Corp: Rupert Murdoch titan to cut 1,250 jobs citing interest rate and inflation surge five per cent of jobs Rupert Murdoch’s News Corp has said it will cut 1,250 jobs, around 5% of its workforce, after inflation cut into profits at the media giant. The publishing company, which owns The Times and Sun newspapers in the UK, missed earnings expectations for the latest quarter. Robert Thomson, chief executive of News Corp, said: “Obviously, a [...]
Murdoch cancels proposal to reunite Fox and News Corp as shareholders lack confidence Murdoch's media empire Rupert Murdoch has abandoned an attempt to reunite Fox and News Corp after shareholders expressed their lack of confidence in the merger. An announcement by News Corp yesterday said Murdoch had retracted his proposal to “explore a potential combination of News Corp and Fox Corporation” in a letter to Fox and News Corp. The billionaire [...]
Revealed: Blair wanted to regulate papers for ‘accuracy’ of reporting, former top aide says media A key official in the team of former prime minister Tony Blair wanted to regulate newspapers for the “accuracy” of their reporting, according to newly-released official papers. Files released by the National Archives show Mr Blair’s principal private secretary Jeremy Heywood (a future cabinet secretary) became exasperated by what he regarded as the inaccurate reporting [...]
News Corp nearly doubles profit after online advertising sales and subscriptions soar August 9, 2022 Rupert Murdoch’s publishing giant News Corporation has almost doubled its profit to reach a record $760m. The buoyant results come after a boom in online advertising sales and subscriptions for the owner of titles including The Wall Street Journal, The Australian, The Sun and The Times. Revenue shot up 11 per cent to $9.36bn in [...]
News channels to be given new freedoms to broadcast sentencing hearings July 27, 2022 Broadcasters will be given new freedoms to film and broadcast Crown Court judges’ sentencing remarks, after a new law comes into force tomorrow morning. The UK’s biggest broadcasters will be given the right to broadcast statements made by Crown Court judges during sentencing hearings, both online and on TV. Under the new rules, TV news [...]
Publishers dodge ‘bankruptcy for reporting the truth’ as government axes Section 40 court fees for press May 10, 2022 The government is set to repeal a crippling legal provision that pushes newspapers to pay both sides of court costs for defamation and privacy regardless of whether it wins or loses them.
Aussie media firms have raked in £111m from Google and Facebook since law shake up March 10, 2022 A new report has revealed that Australian media firms have raked in A$200m (£111m) from Google and Facebook since last year’s regulatory crackdown that forced tech giants to negotiate payment terms.
New cryptocurrency named ‘JRR Token’ blocked by lawyers for Lord of the Rings creator Tolkien November 23, 2021 Lawyers representing the estate of Lord of the Rings creator JRR Tolkien have taken action against the developer of a cryptocurrency named “JRR Token”. Representatives of the Tolkien estate said the product, which was launched in August 2021, infringed the trademark of the world-famous author. The domain name “jrrtoken.com” was successfully recovered without opposition by [...]
Murdoch accuses Google and Facebook of trying to ‘silence conservative voices’ November 18, 2021 Rupert Murdoch has accused tech giants of trying to “silence conservative voices” and “censorship”.
Former F1 boss weighs in on £3bn bidding war for Playtech November 17, 2021 Former formula one team-owner, Eddie Jordan, is reportedly part of a consortium entering the contest to snap up a London listed gambling software company. A firm founded by Jordan is working with a US investor, believed to be Centerbridge Partners, on financing an offer for Playtech, Sky News first reported. A source told Sky News [...]