Rupert Murdoch’s 21st Century Fox pledged to keep Sky News independent and continue funding the loss-making channel for five years, in an attempt to overcome British regulatory concerns over its $15.7 billion takeover of pay-TV firm Sky.
Media mogul Rupert Murdoch is home recuperating from a back injury suffered in a sailing accident, according to a person familiar with the matter. Murdoch sent an email today to 21st Century Fox’s senior leadership, informing them of the accident. He said that he would be working from home in the coming weeks, while he recovers from the painful injury.
Is Berlusconi a spent force? Does Murdoch have one last big European deal up his sleeve? Can anyone stand up to Silicon Valley?
U.S. authorities are stepping up investigations, including an FBI criminal inquiry, into possible violations by employees of Rupert Murdoch’s media empire of a U.S. law banning corrupt payments to foreign officials such as police, law enforcement and corporate sources say.