Rupert Murdoch, 92, has announced is stepping down as chairman of the board of both Fox Corp and News Corp. He will be appointed chairman emeritus of each company. Lachlan Murdoch, 52, one of his sons, will become sole chairman of News Corp and will continue as Fox Corp’s executive chair and CEO. “Our companies […]
You could be forgiven for assuming that Keith Rupert Murdoch answers to no one but himself. And there’s plenty in that – though his companies have been public for years, they have, in effect, been fiefdoms following the iron will of their leader. And that will has led his companies to participate in several groundbreaking, […]
Fox Corporation has reported financial results for the three months ended March 31st 2023. The company posted total quarterly revenues of $4.08 billion (€3.7bn), an 18 per cent increase from the $3.46 billion reported in the prior year quarter. Advertising revenues increased 43 per cent, primarily reflecting the impact of Super Bowl LVII, a higher volume […]
Fox Chief Executive Lachlan Murdoch has ended a defamation lawsuit against an Australian online political site, just days after Fox settled the defamation case with Dominion Voting Systems in the US. Murdoch sued Private Media in August, alleging that he was libelled by an opinion piece in Crikey, an online news site that linked his […]
Few have more admiration for Rupert Murdoch than me. He has been dominating the ‘new media’ space all my working life, and that is true for virtually everyone reading this. What I admire particularly is that KRM has – unlike any number of other faceless corporates or ‘characterful’ entrepreneurs – regularly bet the farm on […]
Rupert Murdoch, 92, seems to have decided there will be no fifth trip down the aisle. Not yet anyway. Reports suggest Murdoch has split with Ann Lesley Smith, a 66-year-old four-time married former dental hygienist turned conservative radio host. Among much speculation in US press is that Murdoch wasn’t ‘comfortable’ with Smith’s evangelical Christianity. The […]
Rupert Murdoch, 92, is engaged to be married for the fifth time eight months after he divorced former model Jerry Hall. Murdoch, executive chair of News Corp, told the NY Post (owned by News) that his planned marriage to Ann Lesley Smith, the 66-year-old widow of a media executive, would “be my last”, adding: “It […]
Fresh court documents reveal that Rupert Murdoch acknowledged under oath that Fox News hosts did endorse Donald Trump’s lie that the 2020 election was stolen. The admission is the latest in the $1.6 billion defamation lawsuit brought against Fox News by the voting machine company Dominion Voting Systems, which has accused the channel, and its […]
Rupert Murdoch’s News Corp has said that it will cut 1,250 jobs after it missed analyst estimates for Q2 earnings due to weakness in its news and digital real estate businesses. “A surge in interest rates and acute inflation had a tangible impact on all of our businesses,” chief executive Robert Thomson said. “The initiatives […]
Rupert Murdoch is to be questioned under oath in the defamation lawsuit against his Fox News’ coverage of unfounded vote-rigging allegations in the 2020 US presidential election. Vote machine company, Dominion Voting Systems, claims Fox News ran false claims about its machines being used to rig the election against Donald Trump. Dominion is seeking $1.6 […]