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October 24, 2011

The 15 proposed members of News Corp’s board, including chairman and chief executive Rupert Murdoch and his sons James and Lachlan, have been either elected or re-elected at the company’s annual general meeting, which was held in Los Angeles on 21 October.

The 15 proposed members of News Corp’s board, including chairman and chief executive Rupert Murdoch and his sons James and Lachlan, have been either elected or re-elected at the company’s annual general meeting, which was held in Los Angeles on 21 October.

Shareholders also approved the executive compensation packages, which includes a $12.5 million (€9 million) cash bonus for Rupert in 2011, while a motion to separate the chairman and chief executive roles was rejected.

July 21, 2011

In the last few weeks, there can be few better and more engrossing portrayals of the trials and tribulations of a family business than that of the Murdoch-controlled media group News Corporation. Nor is there likely to be for years to come.

In the last few weeks, there can be few better and more engrossing portrayals of the trials and tribulations of a family business than that of the Murdoch-controlled media group News Corporation. Nor is there likely to be for years to come.

The phone-hacking scandal involving News International, the UK division of News Corp, has gone global – few people with access to a TV or any other devise that disseminates news wouldn’t know about the scandal and who Rupert Murdoch is by now such is the blanket coverage of the event.

July 13, 2011

Not for the first time, at News Corporation, has a global company suffered the slings and arrows of outraged criticism. Oil group BP was humbled last year for allowing oil to leak from one of its wells in the Gulf of Mexico, aided and abetted by third-party engineering contractors. Critics, led by US politicians, slammed its long-term safety record.

Not for the first time, at News Corporation, has a global company suffered the slings and arrows of outraged criticism.

Oil group BP was humbled last year for allowing oil to leak from one of its wells in the Gulf of Mexico, aided and abetted by third-party engineering contractors. Critics, led by US politicians, slammed its long-term safety record. Chief executive Tony Hayward walked the plank, and the company was forced to pay hefty compensation. To this day, court actions rumble on.

March 30, 2011

The news that James Murdoch, the youngest son of Rupert Murdoch, is to move to New York and take up a new and more senior role within his father’s business has led to speculation that a successor has at last been decided at the media empire.

 The news that James Murdoch, the youngest son of Rupert Murdoch, is to move to New York and take up a new and more senior role within his father’s business has led to speculation that a successor has at last been decided at the media empire.
 
James has been appointed deputy chief operating officer at News Corporation and will report to the number two at the firm, Chase Carey. He will also become chairman and chief executive of News Corp's international businesses.
 

February 23, 2011

As expected, Elisabeth Murdoch will join the board of her father’s media empire, following an agreement by News Corporation to purchase Murdoch’s television production company, Shine Group.

As expected, Elisabeth Murdoch will join the board of her father’s media empire, following an agreement by News Corporation to purchase Murdoch’s television production company, Shine Group.

February 3, 2011

Media giant News Corporation announced on 2 February that its revenues for the second quarter increased to $642 million from $254 million for the same period a year before, as it simultaneously launched its news publication created exclusively for the iPad.

Media giant News Corporation announced on 2 February that its revenues for the second quarter increased to $642 million from $254 million for the same period a year before, as it simultaneously launched its news publication created exclusively for the iPad.   

January 17, 2011

Rupert Murdoch, owner of media empire News Corp, is in discussions to acquire the production company owned by his daughter, which some see as an attempt to bring her back into the family-controlled business.

Rupert Murdoch, owner of media empire News Corp, is in discussions to acquire the production company owned by his daughter, which some see as an attempt to bring her back into the family-controlled business.

Reports in the financial press say that the Shine Group, founded by Elisabeth Murdoch, had hired JP Morgan Chase to advise on strategy, including being acquired. Murdoch owns 53% of the company's shares, with Sony holding 20% and British Sky Broadcasting holding 13% stake.

August 5, 2010

News Corp reported a sharp improvement in performance on the back of buoyant pay-TV revenues.

News Corp reported a sharp improvement in performance on the back of buoyant pay-TV revenues.
 
The global media group controlled by the Murdoch family reported a fiscal fourth quarter net profit of $875 million, compared with a loss of $203 million in the same period a year ago.
 
News Corp's pay-TV businesses now account for more than a half of the company's operating income, with profits from the segment tripling in the last five years.
 

August 4, 2010

What is it about family business owners and newspapers? After years of toiling away establishing efficient companies, often with little or no borrowings, why do some businessmen buy loss-making media outlets?

What is it about family business owners and newspapers? After years of toiling away establishing efficient companies, often with little or no borrowings, why do some businessmen buy loss-making media outlets?
 

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