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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Analysis: Murdoch was considered a dissenting voice at the rightwing company. Now his brother Lachlan could see his influence growJames Murdoch’s resignation from the board of News Corp confirms divisive splits in the publishing arm of his family’s media empire and removes a powerful dissenting... Continue reading at The Guardian
[ The Guardian | 2020-08-01 18:24:26 UTC ]
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James Murdoch, son of News Corp founder Rupert Murdoch, is resigning from the family-controlled newspaper publisher’s board Continue reading at ABC News
[ ABC News | 2020-07-31 22:55:44 UTC ]
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Two books recount the work to expand or restrict migration to the United States. Continue reading at The Washington Post
[ The Washington Post | 2020-07-31 12:00:00 UTC ]
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John Bolton's book 'The Room Where It Happened' is a bestseller, but the author's legal fight against the government is not over. In a July 16 motion, the former U.S. National Security Adviser, who still faces an effort to seize his royalties, has asked a federal court in Washington, D.C., to... Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-21 04:00:00 UTC ]
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Penguin Random House has published an “accelerated inclusion plan”, including a commitment on "radical and urgent action" to make its senior leadership teams representative of UK society. Continue reading at The Bookseller
[ The Bookseller | 2020-07-09 07:47:24 UTC ]
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Another new masterwork of scholarship is also available: G. Thomas Tanselle’s “Descriptive Bibliography.” Continue reading at The Washington Post
[ The Washington Post | 2020-07-08 16:30:33 UTC ]
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James Corden to produce film and TV series based on Australia’s Real Pigeons children’s booksThe humble pigeon may be an unlikely breed of star but an author-illustrator duo from Melbourne have been turning the birds into a crime-fighting troupe of superheroes – and they’re about to take flight... Continue reading at The Guardian
[ The Guardian | 2020-07-07 21:55:36 UTC ]
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Rampant keyword blocking is a symptom of the open marketplace, but news publisher pages are dense and they won’t be pulling inventory out anytime soon. The post ‘Blockers are an industry stopper’: CNN sharpens its contextual tool for the brand safety fight appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2020-07-07 04:01:07 UTC ]
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Emma Layfield, picture book development director, North, has laid the foundations for Hachette to open five offices in the North of England later this year, aiming to tap into local talent Continue reading at The Bookseller
[ The Bookseller | 2020-06-26 11:21:11 UTC ]
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HCCP has named two Nashville-based Nelson executives to head the company's Zondervan Books and Zondervan Thrive imprints, which had been located in Grand Rapids, Mich. Webster Younce is now v-p and publisher of the imprints, and Paul Fisher is v-p of marketing. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-06-22 04:00:00 UTC ]
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Today’s deal between the University of California and publisher Springer Nature is a big milestone on the path to dismantling paywalls around academic journals. Continue reading at Wired
[ Wired | 2020-06-16 15:00:00 UTC ]
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Scores of jobs lost across Daily Telegraph, Herald Sun and the Australian. Plus, Nine corrects record on slaveryThe Australian had the scoop about a major restructure at News Corp in an exclusive interview on Monday with Peter Blunden, former Herald Sun editor and chairman of the News editorial... Continue reading at The Guardian
[ The Guardian | 2020-06-12 01:17:54 UTC ]
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The bosses of two Omnicom stablemates, Tammy Einav of Adam & Eve/DDB and Tim Pearson from OMD Group UK, have been working more closely since the virus crisis and have a blueprint for recovery. Continue reading at Media Week
[ Media Week | 2020-05-15 07:16:20 UTC ]
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A survey of indie presses shows that 60% fear they could be out of business by the autumn, writes Galley Beggar Press cofounder Sam JordisonOver the past few years, the success of independent publishers such as Fitzcarraldo, And Other Stories, Bluemooose and Influx Press has been something to... Continue reading at The Guardian
[ The Guardian | 2020-05-15 06:00:32 UTC ]
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Francophone African books are still very often published by French imprints, which can make them hard to get at home. But there is a growing push for changeWhen Cameroonian author Daniel Alain Nsegbe first saw his debut novel for sale in his home city of Douala, the price was so high “you would... Continue reading at The Guardian
[ The Guardian | 2020-05-14 09:59:14 UTC ]
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Three books about the roadblocks for women seeking abortion — or simply dignity and control over their bodies. Continue reading at The Washington Post
[ The Washington Post | 2020-05-13 10:00:00 UTC ]
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News Corp is campaigning full-bore for the US president, with reports of a Wuhan lab ‘intelligence’ dossier being seeded across its empireIn liberal democracies, the integrity, impartiality and professionalism of intelligence agencies matters. That’s why it is essential that intelligence... Continue reading at The Guardian
[ The Guardian | 2020-05-08 03:41:08 UTC ]
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Huge losses driven partly by fall in valuation of Australian pay TV service Foxtel and decline in news advertising revenue Rupert Murdoch’s global media empire, News Corp, lost US$1bn in the three months to the end of March and is expecting more financial pain as the economic fallout from the... Continue reading at The Guardian
[ The Guardian | 2020-05-08 01:49:41 UTC ]
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These works illuminate how Jackson, Lincoln and Truman stepped up in times of crisis. Continue reading at The Washington Post
[ The Washington Post | 2020-05-01 12:00:00 UTC ]
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In his new book the former Australian PM accuses the company of helping to run the country through deferential leaders like Tony Abbott News Corp operates like a political party, working closely with rightwing politicians to influence policy and elections and to destroy politicians who won’t... Continue reading at The Guardian
[ The Guardian | 2020-04-16 07:19:49 UTC ]
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