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 coronavirus crisis continues.The chief executive, Robert Thomson, said there was a fresh wave of cost-cutting ahead for the group, including a “strategic review of our Australian newspaper holdings” that could signal further job losses at the company’s smaller mastheads. Continue reading... Continue reading at 'The Guardian'
[ The Guardian | 2020-05-08 01:49:41 UTC ]
Social network and magazine app have been in talks since the beginning of the year, according to reportsTwitter is discussing the possibility of acquiring the social media aggregation app Flipboard at a valuation of more than $1bn, according to reports.Twitter’s chief financial officer Anthony... Continue reading at The Guardian
[ The Guardian | 2015-05-26 00:00:00 UTC ]
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Exposé published by Murdoch-owned HarperCollins claims State Department gave favourable treatment to those who donated to her family foundationA mudslinging, Murdoch-approved bestseller-in-the-making is ready to provide conservatives with their most potent fodder yet to cast the Clinton family... Continue reading at The Guardian
[ The Guardian | 2015-04-20 00:00:00 UTC ]
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Twelve members of staff left The Folio Society in January, the publishing house has confirmed. A spokesperson said the job losses came as a result of a "fundamental restructure" of the company, with The Folio Society now employing a total of 58 people. The job losses came from marketing,... Continue reading at The Bookseller
[ The Bookseller | 2015-03-05 00:00:00 UTC ]
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Newspaper revenue in the UK, the US and Australia is down despite a rise in the company’s overall revenue thanks to book publishing and real estate divisionsDeclining sales, advertising and subscriptions hurt revenues at Rupert Murdoch’s newspaper business in the final quarter of last year, News... Continue reading at The Guardian
[ The Guardian | 2015-02-06 00:00:00 UTC ]
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Rupert Murdoch’s supporter, Prince Al Waleed bin Talal, reduces holding from 5% to 1%The Saudi Arabian billionaire, Prince Al Waleed bin Talal, has sold a substantial stake in Rupert Murdoch’s publishing company, News Corp, reports Bloomberg.His investment firm, Kingdom Holdings, announced to... Continue reading at The Guardian
[ The Guardian | 2015-02-04 00:00:00 UTC ]
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Bleak results for Rupert Murdoch’s British newspapers and book publisher Rupert Murdoch’s British newspaper and publishing division suffered an operating loss of £3.5m in the year up to June 2014 compared to a £51m profit the year before.The loss by News Corp UK & Ireland, which owns the... Continue reading at The Guardian
[ The Guardian | 2014-12-17 00:00:00 UTC ]
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Robert Thomson, CEO of HarperCollins parent company News Corp, told analysts News could make another purchase in the book industry following its purchase of Harlequin. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-12-10 00:00:00 UTC ]
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Website speculates on changes at Rupert Murdoch’s publishing company Continue reading... Continue reading at The Guardian
[ The Guardian | 2014-11-21 00:00:00 UTC ]
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The Imperial War Museum (IWM) has confirmed it is consulting on restructuring its organisation, in changes which staff say could see its library close and up to 80 people lose their jobs. Altogether, the institution, made up of several museums around the UK, is seeking to reduce annual... Continue reading at The Bookseller
[ The Bookseller | 2014-11-08 00:00:00 UTC ]
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News Corp, Rupert Murdoch's media behemoth, is the latest source of criticism of Google. Robert Thomson, the chief executive of the company -- responsible for the Times and the Sun in the UK as well the book publisher HarperCollins -- has written to the European Commission to complain that the... Continue reading at Betanews
[ Betanews | 2014-09-18 00:00:00 UTC ]
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News Corp., the global publishing conglomerate chaired by Rupert Murdoch, reaffirmed its commitment to print in the face of ongoing financial pressures that have upended the industry as more readers migrate from paper to digital platforms. "W ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2014-08-08 00:00:00 UTC ]
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From one Adelaide evening paper to bidding for a US giant - Rupert Murdoch's life in acquisitionsRupert Murdoch created a global media empire from humble beginnings when he inherited Adelaide's The News from his father in the 1950s. More than 60 years and dozens of deals later, the 83-year-old... Continue reading at The Guardian
[ The Guardian | 2014-07-20 00:00:00 UTC ]
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Chatto & Windus is to “shortly” publish a book about Rupert Murdoch and phone... Continue reading at The Bookseller
[ The Bookseller | 2014-06-25 00:00:00 UTC ]
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The chairman of the Osprey Group has confirmed the company is undergoing a “strategic... Continue reading at The Bookseller
[ The Bookseller | 2014-06-20 00:00:00 UTC ]
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Payment revealed by News Corp in US likely to reignite debate over how much tax is paid by international corporationsRupert Murdoch’s media group received a $882m tax rebate from Australia last year in a revelation that is likely to reignite the debate over how much tax is paid by international... Continue reading at The Guardian
[ The Guardian | 2014-02-17 00:00:00 UTC ]
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Rupert Murdoch’s publishing arm, which owns Wall Street Journal and the Times, blames ‘challenging advertising market’Dominic Rushe Continue reading at The Guardian
[ The Guardian | 2014-02-07 00:00:00 UTC ]
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The Rubicon Project, a digital advertising platform for buyers and sellers, has revealed its plans to sell its shares publicly. The LA-based company follows a number of ad tech firms that have tested public markets within the past year, including Criteo, RocketFuel, Tremor Video, YuMe among... Continue reading at AdWeek
[ AdWeek | 2014-02-05 00:00:00 UTC ]
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