Four months after laying off 29% of its staff in an effort to stanch the bleeding of its tablet newspaper The Daily, News Corp. announced today that it will cease publication on December 15. News Corp. Chairman Rupert Murdoch issued the following statement on the demise of his brainchild: From its launch, The Daily was […]
This may be the digital age, but for Rupert Murdoch’s News Corp, the bold experiment to create a tablet-only newspaper has largely failed, as evidenced by yesterday’s announcement that the The Daily will lay off 29% of its staff in an attempt to stay afloat. The Daily, which was launched 19 months ago and cost News […]
Last month Fox News celebrated its tenth consecutive year as the number one cable news channel. Now comes a report that shows just how that ratings success has translated into huge financial gains for the channel’s owner, News Corp. Multichannel News took a look at Fox News and found that not only has their average […]
To ring in the New Year, News Corp Chairman and CEO Rupert Murdoch joined Twitter, catching the media by surprise. And in just the first two weeks of the year he has attracted over 145,000 followers. Murdoch has only tweeted 78 times as of today, but he has raised a few eyebrows with tweets saying […]
Rupert Murdoch, who has been pilloried in the media for his company’s involvement in a phone hacking scandal in Britain, is laughing all the way to the bank after News Corp reported yesterday that fourth quarter profits rose 45% compared to the year-ago period. News Corp’s operations were hitting on all cylinders but were particularly […]
Following our press release stating that “while clearly some of the practices of News Corp’s News of the World involving hacking into emails and cell phone messages were quite despicable…it is premature to assume individual criminal liability, or that Rupert Murdoch media properties in this country engaged in similar practices,” Accuracy in Media has discussed […]
WASHINGTON, July 18, 2011 – Accuracy in Media Editor and Senior Analyst Roger Aronoff today released a statement on the pending investigation of News Corp. “While clearly some of the practices of News Corp’s News of the World involving hacking into emails and cell phone messages were quite despicable, leading to the paper being shut […]
The storm over the scandal that has enveloped Rupert Murdoch’s News Corp is probably far from over, but in the meantime it has created a possible window of opportunity to pick up stock in the company at a substantial discount. Since news broke that the now shuttered Murdoch-owned British tabloid News of the World admitted […]
News Corp. released their third-quarter earnings on Wednesday and though they missed analysts estimates, Fox News proved once again that it is the brightest star in Rupert Murdoch’s universe. The number one cable news network posted record quarterly profits and shows no signs of slowing down anytime soon. On a conference call with analysts, News […]