Rupert Murdoch


Discovery, BSkyB could make joint Channel 5 bid

US-based Discovery Communications and British satcaster BSkyB may table a joint bid for for-sale UK broadcaster Channel 5. According to unnamed sources familiar with the talks quoted by the Financial Times, Sky would pick up Channel 5’s advertising sales business. A deadline for bids on the broadcaster has been set for this Thursday and other interested […]

News Corp gets huge rebate

Foxtel co-owner News Corp has received a massive tax rebate from Australian authorities amounting to almost A$900 million (US$812.9 million). The Australian Financial Review reported that the huge payment, totalling A$882 million and revealed in the company’s latest accounts filing, was the largest cash payment ever made by the country’s tax office. Australian tax authorities […]

21st Century Fox sells Star China TV stake

Rupert Murdoch’s 21st Century Fox has sold its entire 47% stake in Star China TV to the firm’s management team and China Media Capital. The Star China TV joint venture, which is majority owned by China Media Capital, operates three Mandarin channels – Xing Kong, Xing Kong International, Channel [V] Mainland China – and the […]

Analysts expect 21st Century Fox acquisitions

Financial analysts are tipping 21st Century Fox to use its strong financial position to make “moderate sized” acquisitions and increase dividend payments to shareholders. Credit ratings agency Moody’s noted that following the company’s investor days investors were concerned about the amount of debt 21st Century Fox had relative to its earnings. However, Moody’s said the […]

News Corp completes split

News Corp’s entertainment and publishing arms begin trading under separate companies today following the completion of its split. The entertainment division of Rupert Murdoch’s company, which houses its film and television assets, will now be known as 21st Century Fox after spinning out of the publishing arm, which will remain trading as News Corp. The […]

Senior News Corp exec to retire

News Corp’s CFO David DaVoe is to step down from his position following shareholder approval to split Rupert Murdoch’s media giant in two. DaVoe has been News Corp’s top financial executive since 1990 but will retire at the end of the fiscal year. He will remain on News Corp’s board and as a senior advisor […]

News Corp shareholders approve split

News Corp’s shareholders have approved the division of the company into separate media and publishing businesses. Rupert Murdoch will continue as chairman of both the new News Corp, which will focus on publishing, and media business 21st Century Fox, as well as serving as CEO of 21st Century Fox. Shares in the two new companies […]

News Corp settles with shareholders

News Corp has settled a legal case with a shareholder group that were unhappy with the way Rupert Murdoch and senior executives and board members were running the media company and averted a full blown legal case with a US$139 million payment. A group of US union and pension fund investors in News Corp, led […]

News Corp ents biz named 21st Century Fox

The entertainment and media arm of News Corp will be called 21st Century Fox. The name will come into effect once News Corp completes the split of its entertainment and publishing arms later this year. Furthermore, the moves puts pay to the Fox Group moniker, which will cease to exist at that point. Falling under […]

Liberty boss says Murdochs approve of Virgin deal, dismisses Netflix threat

Rupert and James Murdoch both approve of Liberty Global’s takeover of Virgin Media and understand the need for competition in the UK market, LGI’s CEO Mike Fries said late yesterday. Fries added that under LGI’s control, Virgin Media will not compete with BSkyB for premium sports rights. In a keynote address at the Cable Congress […]