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Rupert Murdoch's Fox abandons Time Warner takeover bid

Last Updated: Wednesday, August 06, 2014, 09:44

Rupert Murdoch`s Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world`s largest media conglomerates.

Despite London acquittals, U.S. probe of News Corp continues

Last Updated: Friday, June 27, 2014, 06:04

More than a year after asking for and receiving emails from News Corp`s U.S. operation related to allegations of phone hacking and bribery, the FBI is still investigating whether British-based representatives of the media company may have broken U.S. law, sources familiar with the matter said on Thursday.

Rupert Murdoch's News Corp sells community newspapers

Last Updated: Tuesday, June 24, 2014, 02:49

Rupert Murdoch's News Corp. Said today it was selling a group of 11 community newspapers as part of a move to globalise and digitise its publishing operations.

AT&T makes bet on video with $48.5 bln DirecTV bid

Last Updated: Monday, May 19, 2014, 14:07

AT&T Inc plans to pay USD 48.5 billion to buy DirecTV, in the latest sign that the wireless industry and the U.S. television market are set to converge as customers consume more video on their mobile devices.

News Corp buying Harlequin novels for 455 mn Canadian dollars

Last Updated: Friday, May 02, 2014, 18:41

Harlequin, which publishes the work of more than 1,300 authors and issues 110 new novels each month, was sold by Canadian press group Torstar.

Rupert Murdoch sets up sons to take over media empire

Last Updated: Thursday, March 27, 2014, 01:42

Rupert Murdoch has returned eldest son Lachlan to the leadership of his media empire and promoted younger son James, setting them up to succeed the 83-year-old tycoon.

Murdoch sets up sons to take over media empire

Last Updated: Thursday, March 27, 2014, 00:12

Rupert Murdoch has returned eldest son Lachlan to the leadership of his media empire and promoted younger son James, setting them up to succeed the 83-year-old tycoon.

Dow Jones CEO Lex Fenwick to leave News Corp

Last Updated: Wednesday, January 22, 2014, 09:40

News Corp said Lex Fenwick was leaving as chief executive of Dow Jones, less than two years after taking the helm, an abrupt departure that calls into question the future of its news wires and other products aimed at financial institutions.

News Corp acquires social media tool Storyful

Last Updated: Saturday, December 21, 2013, 10:35

News Corp on Friday made its first acquisition as a stand-alone company with the USD 25 million purchase of social news tool Storyful.

News Corp revenue slumps in first standalone quarter

Last Updated: Tuesday, November 12, 2013, 10:29

News Corp's net income attributable to common shareholders was USD 27 million, compared to a loss of USD 92 million in the same quarter last year.

TPG pays Murdoch unit $214 million for Chinese media company stake

Last Updated: Saturday, October 19, 2013, 16:04

US private equity firm TPG Capital will pay HKUSD1.66 billion for 21st Century Fox-controlled Star Entertainment`s remaining stake in a Chinese satellite television operator.

News Corp revenue rises on subscriptions; advertising revenue falls

Last Updated: Saturday, September 21, 2013, 12:31

News Corp, the publishing company controlled by Rupert Murdoch, reported on Friday that annual revenue grew 2.7 percent to almost USD8.9 billion on a rise in circulation and subscription revenue.