Now that Roger Ailes is out at Fox News Channel, what’s life like at the No. 1 cable news network? Well, there’s a lot of Rupert Murdoch, the News Corp. boss who took over after Ailes was forced out last month following a sexual harassment scandal. However, major strategic decisions are being kicked down the road until after the November election.
Rupert Murdoch as the network’s interim chief after Roger Ailes’s ouster is a smart move, but Murdoch’s sons may have a hand in the direction of the empire.
Now that Roger Ailes has stepped down as head of Fox News, the television news industry is bracing for a seismic shift. But the impact on the nation’s political discourse may be just as significant. Without Ailes guiding the network, conservatives and Republican politicians are left wondering whether the talk might soften under new leadership.
Though Rupert Murdoch has stepped in to run Fox News in the interim, the search is on for a permanent replacement for Roger Ailes. But Murdoch, the 85-year-old executive chairman of 21st Century Fox who hired Ailes to invent Fox News two decades ago, is no long-term solution, and Ailes groomed no obvious successor.Among the names thought to be in the mix: current Fox managers Bill Shine, Jay Wallace and Mark Kranz and Michael Clemente, as well as The New York Post‘s Jesse Angelo.
Fox News is heading into a general election campaign in its customary spot at the top of the ratings, but without the man who sets its editorial tone every day. For now, Rupert Murdoch will fill the spot left vacant by Ailes departure. “I am personally committed to ensuring that Fox News remains a distinctive, powerful voice,” Murdoch says. “Our nation needs a robust Fox News to resonate from every corner of the country,”
Rupert Murdoch, the 85-year-old media mogul who started Fox News with Ailes, will assume the role of chairman and chief executive of Fox News and Fox Business Network.In a statement, Murdoch praised Ailes, 76, and his “remarkable contribution” to the company, without making mention of the sexual harassment scandal that felled him.
The fall of Fox News chief Roger Ailes likely marks the end of the Rupert Murdoch era at 21st Century Fox. “The ouster of Ailes, a sorry PR capitulation in [Rupert] Murdoch’s view, is not just an abrupt end to Ailes’ career at 21st Century Fox, but, in a way that’s hard to miss, rather a Murdoch coda,” according to The Hollywood Reporter‘s Michael Wolff.
Last week’s article in New York magazine saying that Fox News Channel leader Roger Ailes “has become less visible” to its anchors and producers on a day-to-day basis, drew this response from News Corp. CEO Rupert Murdoch: “Oh, it’s bullshit. Absolutely. I’ve got every confidence in Roger, you know? His health is fine. It’s true he had a little problem with his back for awhile, but otherwise, he’s micromanaging the place just as much as ever.”
According to four high-placed Fox sources, Murdoch is upping his presence at Fox while Roger Ailes has become less visible to anchors and producers, signaling a shift that marks a new chapter in the network’s history. The most visible change is that, since June, Murdoch has been attending Ailes’s daily executive meeting held on the second floor of Fox headquarters.
An email to staff today addressed reports that the media giant would be bought by a Wall Street firm and that the Los Angeles Times would be bought by philanthropist Eli Broad. “Tribune Publishing remains committed to its strategy and transformation plan and is not engaged in discussions or a process to sell the company,” the memo says.
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?”
Effective July 1, Rupert Murdoch and Lachlan Murdoch become executive co-chairmen; Chase Carey named executive vice chairman; and James Murdoch is the new chief executive officer. The moves follow Rupert Murdoch’s announcement last week that he was stepping down as CEO.
Sons James and Lachlan are to take over management of Fox. But will they in fact? Is this really a succession plan? And where will Chase Carey land when he exits?
Rupert Murdoch, the 84-year-old chief executive officer and controlling shareholder of 21st Century Fox, is preparing to step down as CEO of the media giant and hand that title to his son James, according to numerous sources close to the Murdoch family. As part of the management reordering at Fox, its COO, Chase Carey, will step down from that role and take on a yet undefined role as an adviser at the company.
Rupert Murdoch can breath a large sigh of relief at the dissipation of a major legal threat hanging over his corporate empire. In a filing with federal securities regulators, his companies have disclosed that the U.S. Justice Department has decided not to prosecute them for possible violations of U.S. federal law. The federal investigation stemmed from the phone hacking scandal that consumed his British tabloids. A prosecution could have complicated the ability of 21st Century Fox to maintain control of its 28 U.S. television stations.
Leading pay TV operator Sky, previously known as BSkyB, has finally completed its acquisition of Sky Italia and majority interest in Sky Deutschland to create a European TV giant in a deal worth nearly $11 billion. The announcement may lead the way, indirectly, for major shareholder Rupert Murdoch to make a renewed bid for Time Warner, should he decide to divest his 39% stake in Sky to fund such a deal.
The $9.1 billion sale of 21st Century Fox’s Italian and German units could have a wider impact on the media industry, giving Rupert Murdoch’s 21st Century Fox a cash influx to potentially revive its attempt to buy Time Warner.
21st Century Fox, the media empire run by Rupert Murdoch, made an $80 billion takeover bid in recent weeks for Time Warner but was rebuffed, say people briefed on the matter.
With media moguls gathering this week at Allen & Co.’s annual media conference in Idaho’s Sun Valley, all eyes will be on 21st Century Fox CEO Rupert Murdoch, who reportedly is looking to purchase a big content company. One of the companies at the center of this speculation? Time Warner.
Rupert Murdoch has elevated son Lachlan to the top of his multi-billion dollar family media empire after a seven-year break, appointing him non-executive co-chairman of both News Corp. and 21st Century Fox Inc. The media mogul also gave his younger son James a bigger role as co-COO at 21st Century Fox, two years after he resigned as chairman of British broadcaster BSkyB following a parliamentary investigation into phone hacking.
Other inductees by the Television Academy this year are Julia Louis-Dreyfus; David E. Kelley; and former ABC executive Brandon Stoddard, who shepherded breakthrough shows including Roots. Sound pioneer Ray Dolby was inducted posthumously.
NEW YORK (AP) — Media baron Rupert Murdoch and his soon-to-be-ex-wife said they were parting with “mutual respect” Wednesday after telling a judge they had reached a divorce deal. The chairman of News Corp. and 21st Century Fox and his wife of 14 years, Wendi Deng Murdoch, shook hands and briefly hugged after a brief […]
Media mogul Rupert Murdoch was re-elected chairman of Twenty-First Century Fox Inc despite protests from shareholder groups who sought to separate the chairman and chief executive positions of the family-dominated company.
Some investors are making another attempt to split Rupert Murdoch’s chairman and CEO jobs at 21st Century Fox.
21st Century Fox Chief Executive Rupert Murdoch’s overall compensation declined slightly in fiscal 2013, to $28.9 million. During the previous year, Murdoch had a $30-million compensation package. That was nearly 10% lower than his fiscal 2011 earnings of $33.3 million.
The dramatic increase in the value of 21st Century Fox stock has paid big dividends for Rupert Murdoch, James Murdoch and Chase Carey. Last week, the senior officers of 21st Century Fox were paid cash for shares they had accumulated over three years as part of their long-term performance-based compensation, according to a filing this week with the Securities & Exchange Commission.
Rupert Murdoch may know who will succeed him at News Corp. and 21st Century Fox, but he’s not sharing. “We have them,” Murdoch said in response to questions about succession plans, adding that it was a matter for the board of directors. “But they’re not public. The board knows them.”
News Corp. Chairman Rupert Murdoch will accept an invitation to appear before a committee of the British Parliament to discuss taped comments he made about a police investigation into journalists’ phone hacking and alleged illicit payments to British authorities. Murdoch’s comments, secretly recorded during his visit to the News Corp.-owned Sun tabloid in March, have exploded into a controversy over whether the press baron was condoning the payments to officials by suggesting such behavior was part of the “culture of Fleet Street.”
Rupert Murdoch belittled a British police inquiry into bribes allegedly paid by his journalists in a secret recording made by his staff, in sharp contrast to the profuse public apologies he made to defuse anger at newsgathering practices.
LOS ANGELES (AP) — News Corp. CEO Rupert Murdoch has filed for divorce from Wendi Deng Murdoch, his wife since 1999, citing a breakdown in the relationship. The matter doesn’t alter the succession plan for the media company, which the 82-year-old founder controls through a family trust. Murdoch filed a one-page document Thursday indicating that […]
Chairman Rupert Murdoch took advantage of the jump in value of News Corp. stock by selling $40 million in voting shares last week. Shares closed trading Friday at all-time highs.
The arrest of six more journalists from the shuttered News of the World suggests a new line in the phone-hacking investigation—and a whole new world of pain for Murdoch.
John Malone’s Liberty Global has opened talks with Britain’s Virgin Media over a takeover that would increase the U.S. cable group’s dominance in Europe and step up a challenge to media mogul Rupert Murdoch.
Now that Rupert Murdoch is spinning off News Corp.’s publishing properties into a separate company, media observers have identified the Los Angeles Times as a possible target for acquisition. But Murdoch said such a move is unlikely since News Corp. owns two L.A. TV stations and the buy would violate the FCC’s cross-ownership rule.