The succession battle playing out in a Nevada courtroom this month between Rupert Murdoch’s four oldest children could ultimately decide who controls Fox News and the Wall Street Journal, two of the most influential U.S. news outlets.Murdoch, 93, is seeking to change an irrevocable family trust to favor his eldest son Lachlan as his successor, prompting three other children, Prudence, Elisabeth and James, to fight back in probate court in Reno. If Murdoch gets his way, Lachlan will control Fox and News Corp. after his death, rather than dividing power among the four, as the trust had prescribed. To some extent, the legal fight is also a report card on Lachlan’s business prowess. Rupert has argued that the legal change will be good for all of his six children, the beneficiaries of the trust, according to people familiar with the case who asked to not be identified. He has said Lachlan’s political leanings make him a better steward of the media outlets, which are popular with conservatives.Some Murdoch family insiders complain that Fox shares have underperformed the market under Lachlan’s direction, and that Fox News hasn’t come up with a plan to outlive its aging but loyal viewership.In the past five years under Lachlan, Fox shares have trailed the broad market. But their 18% gain over that period is better than many traditional TV industry peers, including Walt Disney, Warner Bros. Discovery and Paramount Global, according to Alan Gould, an analyst with Loop Capital... Continue reading at 'Crains New York'
[ Crains New York | 2024-09-10 19:49:08 UTC ]
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Shortly after I was hired to be a columnist for Time’s website, I was asked to write about a book called The Confidence Code. Having actually been recruited and hired as a columnist, one would assume there’d be certain things I was capable of, such as writing a column. But this was my first... Continue reading at Fast Company
[ Fast Company | 2017-04-25 00:00:00 UTC ]
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In the latest flare-up between the two top investors in the L.A. Times’ parent company, Tronc Inc. has accused Los Angeles billionaire Patrick Soon-Shiong of demanding an investment in his own company before he agreed to buy millions of shares in the newspaper publisher last year. The allegation... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-04-04 00:00:00 UTC ]
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The literary nonprofit world is ramping up for a protracted campaign in favor of free speech in the wake of President Donald J. Trump's call for the elimination of the NEA and NEH. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-24 00:00:00 UTC ]
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In a statement, the American Library Association called Trump's proposal to effectively eliminate all federal library funding "counterproductive and short-sighted," and vowed to fight. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-16 00:00:00 UTC ]
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As the number of independent campus stores dwindles precipitously, NACS is making the preservation of indies its top priority. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-03-10 00:00:00 UTC ]
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Conde Nast is joining NBC Universal and Vox Media to sell ads across their combined digital properties. It's the latest move by publishers and TV conglomerates to better compete with digital advertising from the likes of Google and Facebook.The addition of Conde Nast builds on what NBCU and Vox... Continue reading at Advertising Age
[ Advertising Age | 2017-03-09 00:00:00 UTC ]
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The Book Hive in Norwich has teamed up with a local book club to help spread opposition to Donald Trump through literature. Continue reading at The Bookseller
[ The Bookseller | 2017-02-17 00:00:00 UTC ]
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This week Facebook revealed it has partnered with eight French media companies to fact-check and filter news articles that have been flagged by its users. The news follows a similar effort started by news coalition led by First Draft News. French publishers have welcomed the efforts but admit... Continue reading at Digiday
[ Digiday | 2017-02-08 00:00:00 UTC ]
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The publisher's Metropolitan Books imprint will publish 'This Fight Is Our Fight' by Senator Elizabeth Warren on April 18, Henry Holt president and publisher Stephen Rubin has announced. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-02-07 00:00:00 UTC ]
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News organizations operating in France will open up a new fact-checking service, CrossCheck, at the end of this month. Their initial focus will be on covering the forthcoming French elections, but with a number of international organizations participating, the project's reach could... Continue reading at PC World
[ PC World | 2017-02-06 00:00:00 UTC ]
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The digital advertising ecosystem comprises an unlevel playing field vastly favoring the duopoly of Google and Facebook. Controlling 85% of media spend and 80% of referral traffic to independent publishers, this duopoly sets the rules and uses undue influence. Publishers and marketers alike... Continue reading at Advertising Age
[ Advertising Age | 2017-02-02 00:00:00 UTC ]
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Failed presidential candidate will publish collection of essays inspired by quotations she has used to help endure testing timesIt was one of the toughest presidential races in recent history and one that would have completely flattened many candidates, but Hillary Clinton is to reveal how she... Continue reading at The Guardian
[ The Guardian | 2017-02-02 00:00:00 UTC ]
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U.S. President Donald Trump is seeking to channel populist anger to stem immigration, but tech companies want him to know that hiring immigrants is necessary for the country's economy and boosts overall employment.Apple, Facebook, Microsoft, Amazon and Alphabet are said to be writing Trump a... Continue reading at PC World
[ PC World | 2017-02-02 00:00:00 UTC ]
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The IT world has undergone some major changes in recent years, but in many cases management hasn't kept up with what's happening, leaving enterprises struggling to keep up with the competition. IT leaders need to understand how they can use resources effectively to drive business growth, find... Continue reading at Betanews
[ Betanews | 2017-01-31 00:00:00 UTC ]
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The fake-news firehose is still flowing. A turbulent political climate in Europe with multiple elections running across countries means publishers, governments and trade bodies are collaborating to try and fight fake news. MPs in the U.K. have launched an investigation this week. In France,... Continue reading at Digiday
[ Digiday | 2017-01-31 00:00:00 UTC ]
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Publishers are grappling with a decline in home page traffic. Bloomberg Media seems to have found a remedy, though. When it relaunched its tech vertical, rather than implementing the traditional infinite scroll of articles, Bloomberg Media decided to send people to the vertical’s homepage. The... Continue reading at Digiday
[ Digiday | 2017-01-24 00:00:00 UTC ]
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In a blog post on Wednesday, Facebook laid out a fairly elaborate plan to promote better media reporting and consumption. Called the Facebook Journalism Project, it includes a local news initiative, new storytelling formats and fighting hoaxes, among other items. With the current debate about... Continue reading at AdWeek
[ AdWeek | 2017-01-11 00:00:00 UTC ]
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Simon & Schuster has given the Breitbart writer a $250,000 deal – so I decided the Chicago Review of Books would not cover any of its authors in 2017Last week, the literary world gasped when one of the largest publishers in the United States, Simon & Schuster, rewarded America’s most... Continue reading at The Guardian
[ The Guardian | 2017-01-04 00:00:00 UTC ]
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This memoir of the American publisher of Lady Chatterley’s Lover and Tropic of Cancer is full of landmark literary moments“Some people think my chief claim to fame is having published the first book to be sold over the counter in this country with the word fuck printed on its pages in all its... Continue reading at The Guardian
[ The Guardian | 2016-12-21 00:00:00 UTC ]
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Among the key proposals made by the Australia Productivity Commission is backing the call for ending restrictions on parallel book imports before the end of 2017. Continue reading at Publishers Weekly
[ Publishers Weekly | 2016-12-20 00:00:00 UTC ]
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