News Corporation, the newly devolved publishing division in Rupert Murdoch's global empire starts, launches on the New York and Sydney stock exchanges on Monday with the aim of dominating the smartphone market for news, entertainment and information.
NEW YORK: Rupert Murdoch's 21st Century Fox said Tuesday its board approved a shakeup that puts the 84-year-old tycoon's son James in the chief executive job effective July 1. The media-entertainment conglomerate's board approved the plan in which the Australian-born magnate would step down as CEO and become co-executive chairman with his other son, Lachlan. The succession plan, which was leaked last week by sources close to the company, allows Rupert Murdoch to ease out of the day-to-day management of the group, with his sons sharing many of those tasks.
LONDON — Jurors at Britain’s phone-hacking trial were told Wednesday that former prime minister Tony Blair allegedly offered to work as an unofficial adviser to Rupert Murdoch as revelations of illegal phone hacking engulfed the mogul’s media empire.
Prosecutor Andrew Edis read aloud an email sent by Rebekah Brooks, then head of Murdoch’s British newspapers, to Murdoch’s son and deputy James on July 11, 2011.
In it, Brooks says she’s asked Blair for advice and been told: “It will pass. Tough up.”
By Manny Backus:
While enjoying a nice slice of pizza I realized that something good can come from that ghastly scandal which tore apart Rupert Murdoch's British publishing empire. Of course I'm talking about the best possible outcome: a profit!
Pearls From Swine
The shock waves from the phone-hacking scandal are still rocking Rupert Murdoch's media empire.