Rupert Murdoch

Facebook should pay for 'trusted' news

Washington - Muslimchronicle

Media tycoon Rupert Murdoch said Monday that large online platforms like Facebook should pay "trusted" news organizations as part of efforts to improve credibility and stem misinformation. In a statement issued by his News Corp, the publishing unit which includes newspapers in the United States, Britain and Australia, Murdoch offered up his idea as a way to boost trust in online newsRead more

Rupert Murdoch recovering from back injury

New York - Muslimchronicle

Media tycoon Rupert Murdoch, 86, has told his staff he is recuperating from a back injury suffered while sailing earlier this month and may spend weeks working from home. The news comes at a sensitive time for Murdoch's media-entertainment empire which is in the process of sealing a blockbuster tie-up with Walt Disney Co. A message to senior managers of Murdoch'sRead more

At 86, Murdoch returns to his roots in news

Washington - Muslimchronicle

Rupert Murdoch has always been a newspaperman at heart. And in the twilight of his life, in what The New York Times called his "King Lear moment," the ageing patriarch is carving up his empire and returning to what he knows best. By selling 21st Century Fox to Disney for $52.4 billion, the 86-year-old Murdoch is shedding his entertainment businessRead more

Disney, Fox in focus on Wall Street as deal talk heats up

New York - Muslimchronicle

Walt Disney Co. and 21st Century Fox shares were in the spotlight Wednesday amid reports the two media-entertainment powerhouses were readying a major deal for some of Fox's prized television and film assets. The Wall Street Journal reported the deal -- in which Disney would acquire the famed Fox Hollywood studios and key television operations of the Murdoch family-controlled groupRead more

Profits edge up for 21st Century Fox

Washington - Muslimchronicle

Media-entertainment group 21st Century Fox said Wednesday profits edged higher in the past quarter, fueled by revenue growth in its television, cable networks and Hollywood film operations. Net profit in the fiscal first quarter for September 30 was up four percent from a year ago at $855 million for the group controlled by media mogul Rupert Murdoch and his family.Read more

Game of Thrones boosts Sky earnings

Washington - AFP

European pay-TV giant Sky (Frankfurt: 893517 - news) , facing a possible takeover by Rupert Murdoch's 21st Century Fox, announced Thursday a surge in subscribers on keen demand for cult US series Game of Thrones. Sky's subscriber base swelled by a 160,000 new customers in the three months to late September, up 51 percent on a year earlier, it saidRead more

Star India bags IPL media rights

New Delhi - Muslimchronicle

Broadcast giant Star India has won global media rights for the highly lucrative Indian Premier League, the most popular sports event in the cricket-mad country of 1.25 billion, with a record $2.55 billion bid. Rupert Murdoch's Star beat rival bidders including Sony, Facebook and Airtel to win both television and digital rights to the cricket tournament for five years fromRead more

Newspaper woes send Murdoch's News Corp into red

New York - AFP

US media group News Corp on Thursday reported a loss in the past quarter, hit by declines in advertising and writedowns at its global newspapers. The company controlled by media mogul Rupert Murdoch and his family reported a loss of US$430 million in the fiscal quarter ending June 30. Revenues slipped 6.6 per cent from a year ago to US$2.08Read more