News Corp cuts driven by Murdoch’s mission to prop up news assets

Weeks after Fox merger scrapped investors say market value languishing because of underperforming businesses in portfolioThe shrinking of Rupert Murdoch’s News Corporation by 1,250 roles after a plunge in profits of almost a third serves as a stark reminder that the billionaire mogul’s abortive attempt to reunite his media empire was built on a mission to protect his weakest publishing assets.Less than three weeks ago Murdoch scrapped his decade-long ambition to reunify News Corp – home to assets including the Sun, Times, the Australian and Wall Street Journal, with the immensely profitable Fox, broadcaster of Fox News and prime NFL games – reluctantly admitting it was “not optimal” after a backlash from investors and his younger son, James. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2023-02-10 16:37:18 UTC ]
News tagged with: #rupert murdoch #news corporation #stark reminder #media empire #fox news #news corp

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ABC thumbs its nose at News Corp and Acma with rerun of Fox and the Big Lie | Weekly Beast

Revamped Sarah Ferguson documentary to air on Four Corners after initial version sparked complaints. Plus: the Australian’s own goalFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastHours before Lachlan Murdoch... Continue reading at The Guardian

[ The Guardian | 2023-04-21 04:27:06 UTC ]
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BuzzFeed News to be shuttered in corporate cost cutting move

Pulitzer Prize winning digital media outlet BuzzFeed News is being shut down as part of a cost-cutting drive by its corporate parent that's shedding about 15% of its entire staff Continue reading at ABC News

[ ABC News | 2023-04-20 23:02:36 UTC ]
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Betr ‘crossed the line’ with illegal ads in News Corp media encouraging gambling, regulator says

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[ The Guardian | 2023-04-14 02:39:52 UTC ]
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Lachlan Murdoch knew Fox News claim of stolen US election was false, Crikey will argue in defamation trial

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[ The Guardian | 2023-04-12 07:32:45 UTC ]
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ABC accuses News Corp and Daily Mail of amplifying misogynist Twitter abuse of Lisa Millar

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[ The Guardian | 2023-03-07 03:08:44 UTC ]
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Stunning Rupert Murdoch deposition leaves Fox News in a world of trouble

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[ The Guardian | 2023-02-28 21:09:35 UTC ]
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Nine’s world exclusive that wasn’t and News Corp rolls out the Sharri publicity caravan | The Weekly Beast

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[ The Guardian | 2023-02-24 14:00:26 UTC ]
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HarperCollins Union Plans Rally at News Corp Offices in Manhattan

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[ Publishers Weekly | 2023-01-13 05:00:00 UTC ]
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News Corp ends year on a low note as another senior figure investigated over alleged behaviour at staff drinks | The Weekly Beast

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[ The Guardian | 2022-12-16 02:16:26 UTC ]
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[ The Guardian | 2022-11-25 03:15:19 UTC ]
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The Australian’s editor Chris Dore lost his job after attending News Corp event in California

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[ The Guardian | 2022-11-18 07:59:05 UTC ]
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[ The Guardian | 2022-11-18 02:09:22 UTC ]
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[ The Guardian | 2022-11-08 07:13:45 UTC ]
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[ The Guardian | 2022-08-08 23:21:18 UTC ]
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[ The Guardian | 2022-06-17 11:30:09 UTC ]
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[ The Guardian | 2022-06-03 02:00:54 UTC ]
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[ The Guardian | 2022-04-13 07:57:04 UTC ]
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[ The Guardian | 2022-03-25 03:05:12 UTC ]
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