The move leaves his son Lachlan as the sole executive in charge of the global media empire.
Category: News Corporation
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Herbert J. Siegel, Investor in Major Media Deals, Dies at 95
As head of Chris-Craft Industries, he played a role in the Time-Warner merger and sold 10 television stations to Rupert Murdoch.
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Fox Settles Dominion Lawsuit, but Is Entangled in Other Legal Cases
Cases on libel and a discriminatory work environment are still pending.
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Publishers Worry A.I. Chatbots Will Slash Readership
The New York Times – Business:Many sites get at least half their traffic from search engines. Fuller results generated by new chatbots could mean far fewer visitors.
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Fox’s P.R. Woes May Not Directly Translate to Legal Ones
The New York Times – Business:Some of the unflattering private messages among the network’s hosts and executives may never become evidence when Dominion Voting Systems’ defamation case against Fox News goes to trial.
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Authorities Step Up Their Crypto Crackdown
The New York Times – Business:A string of enforcement actions, the latest involving the multibillion-dollar collapse of Terraform Labs, has put the chill on a recent Bitcoin rally.
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A Short Seller, Hindenburg Research, Bets Against Adani Group
The New York Times – Business:Hindenburg Research accused the Adani Group of orchestrating the “largest con in corporate history,” sending shares of its companies tumbling on Wednesday.
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Murdoch No Longer Wants to Combine His Media Empire
The New York Times – Business:News Corp, one of his companies, said Rupert Murdoch had determined that a merger was “not optimal for shareholders of News Corp and Fox at this time.”
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Wall Street Journal Names a New Editor
The New York Times – Business:News Corp said that Emma Tucker, a longtime editor in London, would replace Matthew Murray, who has led the news organization for four years.
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T. Rowe Price Raises Concerns About News Corp’s Merger With Fox
The New York Times – Business:T. Rowe Price, the largest owner of News Corp after the Murdoch family, says the deal risks undervaluing News Corp.
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News Corp Investors Raise Concerns About Proposed Merger With Fox
The New York Times – Business:Concerned that a merger would undervalue News Corp, investors are asking a special committee of independent board members to look more skeptically at the proposal.
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New York Post Takes Aim at Trump, and Hits a Nerve
The New York Times – Business:The paper’s increasingly harsh coverage has gotten the news media and political worlds talking about whether the Murdoch media empire has broken permanently from the former president.