News Corp., the publishing company that owns The Wall Street Journal, reported $506 million in net income for the fiscal year ended June 30, the last year before its split from Rupert Murdoch's entertainment operations.The profit, which amounted to 87 cents a share, compared with a loss of $2.08 billion, or $3.58, in the year-earlier period, the New York-based company said Friday in a regulatory filing. Revenue climbed 2.7% to $8.89 billion.News Corp., where Mr. Murdoch serves as chairman, is narrowing its focus to larger publications such as the Journal, the New York Post and the U.K.'s Times. When the company broke off from 21st Century Fox Inc., it started out with $2.6 billion in cash and zero debt.The company also said it will pay a dividend at some point in the future, without specifying the date or the amount."Payment of future dividends to stockholders will fall within the discretion of its board of directors," News Corp. said in the filing. Continue reading at 'Crains New York'
[ Crains New York | 2013-09-21 00:00:00 UTC ]
Daily Telegraph talks up chances Charles will attend the Everest. Plus: ABC splashes cash on redesignFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastWith King Charles and Queen Camilla arriving on Friday for the couple’s first... Continue reading at The Guardian
[ The Guardian | 2024-10-18 01:06:28 UTC ]
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Behind closed doors in a courtroom in Reno, Nevada, a high-stakes family business dispute has been unfolding. Rupert Murdoch is trying to change the terms of a longstanding family trust to give his favoured eldest son, Lachlan, full control of his media empire after his death.Associate professor... Continue reading at The Guardian
[ The Guardian | 2024-09-23 15:00:07 UTC ]
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The deal gives OpenAI’s chatbots access to new and archived material from The Wall Street Journal, The New York Post, MarketWatch and Barron’s, among others. Continue reading at The New York Times
[ The New York Times | 2024-05-22 21:41:26 UTC ]
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Deal lets ChatGPT maker use all articles from Wall Street Journal, New York Post, Times and Sunday Times for AI model developmentChatGPT developer OpenAI has signed a deal to bring news content from the Wall Street Journal, the New York Post, the Times and the Sunday Times to the artificial... Continue reading at The Guardian
[ The Guardian | 2024-05-22 21:39:09 UTC ]
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British arm of Rupert Murdoch’s News Corp empire reports near-£54m deficit due to TalkTV costsThe Sun lost £66m last year and its online audience dropped by 4 million readers as the newspaper continued to grapple with the fallout from the phone-hacking scandal.Total losses at the Murdoch-owned... Continue reading at The Guardian
[ The Guardian | 2024-04-09 14:02:36 UTC ]
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Planned acquisition by UAE-backed RedBird IMI is being considered by the culture secretaryBusiness live – latest updatesMedia groups have reportedly shown fresh interest in a takeover of the Telegraph and Spectator alongside Redbird IMI, the UAE backed consortium.Bloomberg said Rupert Murdoch’s... Continue reading at The Guardian
[ The Guardian | 2024-03-12 14:46:36 UTC ]
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It will be the billionaire’s fifth wedding, five months after he stepped down from his News Corp media empireThe media mogul Rupert Murdoch is engaged for a sixth time, it emerged on Thursday, this time to Elena Zhukova, a retired scientist.Murdoch’s office announced that the 92-year-old is set... Continue reading at The Guardian
[ The Guardian | 2024-03-07 23:53:05 UTC ]
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Journalist Claire Atkinson sells a bio of Rupert Murdoch to Grand Central, Saga buys an SF epic from TV writer Damien Ober, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2023-10-06 04:00:00 UTC ]
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Business secretary privately met media mogul in apparent breach of ministerial code of conductKemi Badenoch failed to declare a meeting that she held with Rupert Murdoch days after she was appointed to the cabinet – in a breach of transparency rules.The business and trade secretary reacted... Continue reading at The Guardian
[ The Guardian | 2023-10-02 19:19:20 UTC ]
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No one emerges with much credit in Wolff’s second study of Rupert Murdoch and his family – a gossipy story of power and greed peppered with endless layers of psychological insightFifteen years ago, Michael Wolff wrote a study of Rupert Murdoch entitled The Man Who Owns the News. It benefited... Continue reading at The Guardian
[ The Guardian | 2023-10-02 06:00:06 UTC ]
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The influence of News Corp is overstated – and politicians need to revamp their tactics and schmoozing accordingly‘What are you going to do about the Sun?” It was the first question Neil Kinnock asked, when a bunch of eager young political advisers setting up a now long-forgotten campaign for... Continue reading at The Guardian
[ The Guardian | 2023-09-24 07:32:16 UTC ]
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Murdoch Jr does not have the same love for print as father Rupert but newspapers’ influence remains a drawcard for the new bossFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastLachlan Murdoch started his leadership... Continue reading at The Guardian
[ The Guardian | 2023-09-22 15:00:03 UTC ]
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Buying (and burying) Myspace, beefing up Fox News, lighting media dumpster fires—the longtime News Corp head shaped cultural conversations. With his exit, that era can end. Continue reading at Wired
[ Wired | 2023-09-21 19:10:21 UTC ]
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Duke of Sussex has alleged royal family agreed not to sue newspaper publisher in return for an apology and settlementPrince Harry does not blame Queen Elizabeth II for backing an alleged secret phone-hacking deal between the royal family and Rupert Murdoch’s newspapers, the high court has... Continue reading at The Guardian
[ The Guardian | 2023-04-26 14:40:32 UTC ]
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Media mogul’s admission in Dominion Systems election case that he let cable network broadcast falsehoods stuns observersIn his 71 years as a media executive, Rupert Murdoch has proved himself to be a grand master in the arts of survival. He has weathered bruising battles with British trade... Continue reading at The Guardian
[ The Guardian | 2023-02-28 21:09:35 UTC ]
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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... Continue reading at The Guardian
[ The Guardian | 2023-02-10 16:37:18 UTC ]
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Reduced ad spends due to rising inflation and higher interest rates have battered Rupert Murdoch’s media conglomerateMedia conglomerate News Corp said on Thursday that it would cut 1,250 jobs after it missed estimates for second-quarter earnings due to weakness in its news and digital real... Continue reading at The Guardian
[ The Guardian | 2023-02-09 22:30:39 UTC ]
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News Corp, one of his companies, said Rupert Murdoch had determined that a merger was “not optimal for shareholders of News Corp and Fox at this time.” Continue reading at The New York Times
[ The New York Times | 2023-01-25 00:02:52 UTC ]
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Mail accuses Nine and ABC of ‘radio silence’ over fracas. Plus: conservative media attacks Jacinda ArdernThe Daily Mail called it “the biggest story in Australia on Thursday” and the News Corp tabloids agreed, serving up salacious front pages that editors of a scandal sheet can be proud of. The... Continue reading at The Guardian
[ The Guardian | 2023-01-20 00:58:39 UTC ]
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Prominent news organizations are high-value targets for hackers and it appears that The Guardian is the latest to have fallen victim to an attack. A "serious IT incident" struck the publication on Tuesday evening. “We believe this to be a ransomware attack but are continuing to consider all... Continue reading at Engadget
[ Engadget | 2022-12-21 19:15:42 UTC ]
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