News Corp. And Fox Abandon Potential Merger

News Corp. and Fox Corp., both controlled by Rupert Murdoch, have abandoned a potential merger after a special committee determined that “a combination is not optimal for shareholders.” Multiple shareholders in the companies had expressed their opposition to the merger in recent months. Murdoch officially notified the boards of both companies that the merger proposal was being withdrawn.

The Woman Set To Take Over Murdoch’s Media Empire

The top job in the Murdoch media empire will go to Rebekah Brooks, with insiders saying she will take the reins of a remarried News Corp. and Fox Corp. if and when the much talked-about deal is complete. Brooks is now positioned to take over for Robert Thomson, the current CEO of News Corp., who is expected to step aside on completion of the merger, people familiar with the matter say.

Fox Corp., News Corp Will Stay At Midtown Manhattan HQ For Another 20 Years

In a major boost to the Midtown office market, Fox and News Corp signed separate leases to extend their headquarters commitments at 1211 Sixth Ave. through 2042. The leases total nearly 1.2 million square feet in the 44-story, 2 million square-foot tower between West 47th and 48th streets.

Emma Tucker Is Named New Wall Street Journal Editor, Succeeding Matt Murray

News Corp. today named veteran U.K. journalist Emma Tucker as the next editor in chief of The Wall Street Journal, succeeding Matt Murray, who oversaw significant digital growth and guided the news organization through the Covid-19 pandemic. Tucker, 56, will assume her new position on Feb. 1, the company said. Murray, also 56, will work with her during a transition period until March 1. He will then continue in a senior position at News Corp, where he will work on new projects and report to Chief Executive Robert Thomson.

Fox, News Corp. Hire Independent Advisers, Clarify Rupert Murdoch Role Amid Merger Deliberations

Rupert Murdoch and the Murdoch Family Trust will not vote in favor of a Fox-News Corp. merger unless the combination has the blessing of special committees of outside directors, and of non-Murdoch affiliated stockholders. The boards of both companies issued statements Tuesday in an “update on the process in response to recent inquiries.” Special committees began exploring a recombination of the two companies last month at Murdoch’s request, prompting some blowback by some outside investors who don’t think it’s in the best interests of either.

 

News Corp.-Fox Merger Faces Opposition From Key Shareholder In Both Companies

A London-based investor in Rupert Murdoch’s News Corp. and Fox Corp. has reportedly expressed its opposition to the companies’ potential reunification. Independent Franchise Partners is one of the largest shareholders apart from the Murdoch family, with stakes in Fox and News Corp. of more than 7%. The companies confirmed several weeks ago they were formally considering a potential merger, bringing assets like Fox News, the Fox broadcast network, The Wall Street Journal and Dow Jones back under a single umbrella.

Murdoch Media Deal Would Elevate Son, Bet On Wisdom of Scale

Murdochs May Reunite Fox And News Corp., But Can It Survive A Streaming Future?

Rupert Murdoch Considering Putting Fox And News Corp. Back Together

Media mogul Rupert Murdoch is exploring a re-combination of the family’s Fox Corp. and News Corp., which split into two separate companies nearly a decade ago. The boards of directors of both have set up committees to examine the possibility. News Corp. said Friday afternoon that its board, at the request of Rupert Murdoch and the Murdoch Family Trust, has formed a special committee “composed of independent and disinterested members of the board” to begin exploring a combination.

Suspected Chinese Hackers Hit News Corp. With ‘Persistent Cyberattack’ In January

News Corp. suffered a “persistent cyberattack” in January, the company said Friday, and investigators believe Chinese spies may be responsible. The media conglomerate, whose publications include the Wall Street Journal and the New York Post, said the hack targeted one of its IT providers and that the attackers succeeded in stealing some unspecified data.

One Arrested After Christmas Tree Set On Fire Outside News Corp. Building

Piers Morgan Rejoins Rupert Murdoch’s News Corp.

News Corp Posts 30% Revenue Jump

The New York-based media company narrowed its net loss to $14 million, or 2 cents a share, from the year-earlier $397 million, or 67 cents a share. Revenue grew to $2.49 billion.

News Corp. Shutters Knewz Aggregator

News Corp. shuttered its the aggregation site Knewz today, just 18 months after its launch. Users who navigated to the site found an announcement declaring, “Knewz is no more.”

News Corp. Scraps Plans For Fox News-Style U.K. Network

With a channel said to be not financially viable, the company will focus on producing streaming video content. David Rhodes will leave his consultant role at News UK, but keep advising the parent company.

News Corp. Buying HMH Books For $349M

Houghton Mifflin said the sale will allow it to focus on its K-12 education business, with schools re-opening as the coronavirus pandemic appears to be winding down.

Facebook Agrees To Pay For Rupert Murdoch’s Australia News Content

The deal with News Corp follows a standoff over legislation passed by the Australian government to compensate publishers.

CNN And NY Times Plan Documentary Series On Rupert Murdoch

CNN and the New York Times are collaborating on a multipart documentary series about Rupert Murdoch, according to people familiar with the matter, turning a lens on one of the most influential media executives of the past half-century.

Google To Pay News Corp. For Some Content

News Corp. this morning announced what it described as a “historic” three-year deal with Google, ensuring it will receive “significant payments” from the search giant for its news sites’ content worldwide, including Australia. While terms of the deal were not disclosed, the announcement comes as Google faces a potential stalemate with Australia, which recently passed a new law requiring Google to negotiate fair payment for news it distributes from publishers Down Under.

James Murdoch Resigns From News Corp. Board

James Murdoch resigned from the board of News Corp. on Friday due to “disagreements” over “certain editorial content,” according to a letter he sent to the board.

News Corp. Shutting Dozens Of Newspapers In Australia

Rhodes, Ex-Fox News Chief, Returns To Murdoch

David Rhodes, a 12-year veteran of Fox News who also held executive roles at CBS News and Bloomberg, has begin doing consultant work on “video projects” for Rupert Murdoch’s News Corp. in the U.K. That has led to speculation that Rhodes could return to Fox News in some capacity.

News Corp. Goes Live With Its Knewz Site To Fend Off Google

News Corp to Sell Video Ad Firm Unruly

Rupert Murdoch’s News Corp said Monday that it has agreed to sell London-based programmatic video advertising platform Unruly to Israel-based, London-listed Tremor International. News Corp will not get any cash, but a 6.91% stake in Tremor under the proposed deal.

Facebook Reaches Deal With Wall Street Journal

The Wall Street Journal reports that News Corp. has reached a deal to let Facebook feature headlines from The Wall Street Journal and other Dow Jones media properties, as well as the New York Post, in the social media giant’s coming news section, the companies said. Journal subscribers can read the full story here.

News Corp. Readies News App

The Wall Street Journal reports that News Corp is developing a news-aggregation service, Knewz.com, meant to address concerns that Google News and other digital platforms don’t reward publishers’ work adequately and play down articles from certain types of sites. Journal subscribers can read the full story here.

Rupert Murdoch, 88, Recovering After Pneumonia

Rupert Murdoch, the 88-year-old billionaire media mogul, is recovering after a bout with pneumonia, two people familiar with the matter told CNN Business. One of the people, a person close to Murdoch’s family, said the pneumonia occurred nearly three weeks ago. The second person and a third person familiar with the matter added that he had gone to a Los Angeles hospital. It is unclear whether he was admitted.

News Corp. Exec Slams Online Platforms’ Stranglehold On News Content

Australian Media Decry Raids On National Broadcaster ABC And News Corp.

Fox-Sky Deal Said ‘Not In Public Interest’

The U.K.’s Competition and Markets Authority issued a preliminary ruling Tuesday that 21st Century Fox’s planned $16.3 billion takeover of satellite service Sky plc isn’t in the public interest because it would give Rupert Murdoch and his family too much control over the country’s news media. The Competition and Markets Authority’s decision will be finalized by May 1, when the regulator will send its report to the secretary of state for culture, media and sport, who will make a final decision on the deal.

News Corp. Takes On Facebook, Google

News Corp is taking aim at the digital-ad dominance of Google and Facebook with a new platform to let advertisers reach audiences across all of its online properties. The new platform, called News IQ, will pull audience data from sites like The Wall Street Journal, New York Post and Barron’s and give advertisers a way to reach specific audiences around safe content.

Rupert Murdoch’s News Corp. Pay Rises To $5.7M

Murdoch Seeks To Dent Google Ad Dominance

Google’s pain may be Rupert Murdoch’s gain. Murdoch’s News Corp. is introducing a new service to ensure online ads don’t appear next to fake news or offensive videos, marking the latest salvo in the billionaire media mogul’s long battle with the world’s biggest search engine. News Corp.’s Storyful unit, which filters through the firehose of social media for publishers and brands, will track websites known as purveyors of fake news or extremist content and share that list with advertisers, who can use it to keep ads from appearing in controversial places.

Jesse Angelo Named News Corp. Digital Ad Chief

Fox To Keep, Expand NYC Headquarters

Twenty-First Century Fox and News Corp., the separate media giants controlled by Rupert Murdoch, have locked in plans to keep and expand their headquarters on Sixth Avenue’s famed “corporate row.” The two companies, sources said, just signed extension and expansion leases totaling more than 1.2 million square feet at 1211 Sixth Ave.

News Corp Paid Rupert Murdoch $5.3M In ’15

News Corp. paid executive chairman Rupert Murdoch $5.3 million in 2015, according to SEC filings made Wednesday by the company that houses the Wall Street Journal and HarperCollins as well as UK newspaper assets and cable networks like Foxtel and Fox Sports Australia.

News Corp Invests $10M In AppNexus

The ad tech company just raised a $31 million funding round, led by News Corp’s investment with Yahoo Japan also participating. The fact that two major publishers are the lead investors is likely a signal of intent towards AppNexus — and potentially away from the dominant publisher ad tech platform Google DoubleClick.

News Corp. Denies Rumors Of Twitter Bid

Rupert Murdoch’s News Corp. said rumors about the company’s interest in buying microblogging site Twitter Inc. or building a stake in it were untrue. Twitter’s shares, which rose as much as 14% on Wednesday, pared some gains and closed up 4.1% at $17.38.

Murdoch: Obama Isn’t ‘Real Black President’

News Corp. President Rupert Murdoch was praising Republican presidential candidate Ben Carson and his wife on Twitter Wednesday evening when he wrote: “Ben and Candy Carson terrific. What about a real black President who can properly address the racial divide?”

Marc Frons To Head News Corp. Tech, Mobile

Former New York Times technology chief Marc Frons is joining News Corp. as SVP and global head of mobile platforms and deputy head of technology. In the new role, he will report to News Corp. CTO Paul Cheesbrough.