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Murdoch stepping down at Fox, News Corp

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 […]

September 21, 2023

News Corp profit collapse; looks to AI

News Corporation has recorded a 75 per cent drop in full-year profit. The US-listed media posted $187 million (€170.5m) in net profit for the financial year, down from the previous year’s $760 million record. The numbers were hit by lower print and digital advertising in Australia and lower print advertising at in UK. For the […]

August 11, 2023

News Corp to cut 1,250; Fox looks for buys

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 […]

February 10, 2023

Analyst: “Fox, News Corp merger could be premature”

Fox Corp and News Corp have confirmed they are considering putting the two businesses back together. Both Murdoch companies have created special committees to evaluate the idea. But analysts at MoffettNathanson (MN) suggest the move might be premature. MN say this current proposal was not exactly how they envisioned the Fox endgame playing out. They […]

October 18, 2022By Chris Forrester

News Corp flies on subs success

News Corp, Rupert Murdoch’s media company, has reported profits almost doubled in the year to June with growth in digital advertising and subs boosting its news operations to recover from pandemic losses. The company reported an 11 per cent increase in revenue for the year to $10.4 billion (€10.1bn) and pre-tax profit rose to $812 […]

August 9, 2022

Jerry Hall files for Murdoch divorce

Former model and Mick Jagger partner Jerry Hall has filed for divorce from husband Rupert Murdoch citing “irreconcilable differences,” after six years of marriage. Filing in California, Hall, aged 66, sought unspecified spousal support from the 91-year-old News Corp chair. In court papers at the Los Angeles Superior Court, Hall claimed she was “unaware of […]

July 4, 2022

Baird joins BBC Studios’ digital news team

BBC Studios has announced a number of new roles aimed at further bolstering its digital news team. News Corp SVP and Global Head of Product Jennie Baird has been appointed to a newly created position of EVP and MD of Digital News and Streaming. During her tenure at News Corp, Baird was responsible for developing […]

January 28, 2022