Rupert Murdoch

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 […]

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 […]

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.

The News Corp. CEO is interested in acquiring the two big metro dailies as owner Tribune Co. finally emerges from backruptcy, according to a report in the Chicago Tribune. But News Corp. says the report is “wholly inaccurate.” One obstacle: regulations that limit ownership of TV stations and newspapers in the same markets. Through Fox, News Corp. owns two stations in Chicago and Los Angeles.

At Tuesday’s News Corp. shareholder meeting, Murdoch and others who voted in alignment with him defeated three reform measures including one that would have forced Murdoch to relinquish his role as board chairman. It was defeated by about 69% of the ballots.

News Corp. CEO Rupert Murdoch, still coping with a phone-hacking scandal that erupted at the company’s U.K. papers last year, faces renewed calls from shareholders today to step down as chairman. Investors have mounted a campaign to separate the chairman and CEO roles — both held by Murdoch — to increase accountability.

Rupert Murdoch could be 84 years old before the British police complete multiple investigations into The News of the World phone-hacking scandal. Deputy assistant commissioner Sue Akers, who’s in charge of three overlapping probes into alleged criminal wrongdoing by journalists, said the task may continue through 2015.

Citizens for Responsibility and Ethics says the British phone-hacking scandel shows that the News Corp. subsidiary “lacks the requisite character to hold broadcast licenses here in the United States.’ The stations involved are WTTG-WDCA Washington and WUTB Baltimore.’

Murdoch stepped down this past week as a director of NI Group, Times Newspaper Holdings and News Corp. Investments in the U.K. The companies oversee The Sun, The Times and The Sunday Times.

News Corp. CEO Rupert Murdoch long resisted any suggestion that the media conglomerate spin off the newspaper assets. But recently he became more receptive to the idea, and this week, he relented.

Rupert Murdoch is overseeing internal discussions on splitting his News Corp. media company into two, one focusing on publishing and the other on entertainment, according to two people familiar with the matter. The talks are at a late stage, one of the people said.

Testifying at Britain’s long-running inquiry into media standards, Prime Minister David Cameron rejected suggestions that he traded policies favorable to Rupert Murdoch for electoral support from Murdoch’s newspapers.

From William Randolph Hearst to Rupert Murdoch, many media barons’ stories follow a familiar arc. “He’s one of a series,” said James Curran, a professor of communications at Goldsmiths University in London. “He seems to me to be in the same press baron tradition.”

A U.K. parliamentary committee’s searing indictment of Rupert Murdoch on Tuesday may trigger legal headaches for him in the United States and spur opposition to the renewal of News Corp.’s television licenses, according to legal experts.

The 81-year-old media magnate apologized today before a U.K. panel for the British phone-hacking scandal. He noted that the corporate cleanup that followed had cost his New York-based News Corp. hundreds of millions of dollars and transformed its culture.”I failed, and I’m sorry about it,” Murdoch said.

Speaking before an inquiry on Wednesday, the News Corp. chief, Rupert Murdoch, sought to deflect suggestions that he wielded influence with British officials to further his corporate interests.

The News Corp. chairman is testifying today before the inquiry set up following a phone hacking scandal at one of News Corp.’s British newspapers.

Rupert Murdoch on Thursday declared war against “enemies” who have accused his pay TV operation of sabotaging its rivals, denouncing them as “toffs and right wingers” stuck in the last century. The 81-year-old News Corp. chief executive tweeted: “Seems every competitor and enemy piling on with lies and libels. So bad, easy to hit back hard, which preparing.”

In the midst of a scandal that reaches new lows every day, Rupert Murdoch’s reactions have ranged from the canny and shrewd to the absurd. Given his tight control over News Corp., don’t expect any changes soon.

Rupert Murdoch will address hostile journalists at his Sun and Times newspapers on Friday, many of them fearful after the recent arrests of senior staff over apparent widespread criminality at the British titles.

What happened on the fateful night last May when Rupert Murdoch decided how News Corp. would manage its phone-hacking scandal?