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Rupert Murdoch was sent off with a sizzle reel. In his final day as executive chairman of Fox Corp., Murdoch spent the morning in Los Angeles on the Fox Studio Lot in Century City, where he attended Fox’s annual shareholder meeting in the lot’s Zanuck Theatre. But unlike News Corp.’s annual meeting earlier in the…
Just days after Fox Corp. settled the Dominion defamation suit for $787.5 million, the company’s executive chairman and CEO Lachlan Murdoch dropped defamation proceedings against the independent Australian news site Crikey, which linked his family to the U.S. Capitol attack. In August 2022, Murdoch launched defamation proceedings in a Sydney court against Crikey‘s owners Private…
A Fox Corp. shareholder is suing leaders at the company and chairman Rupert Murdoch over Fox News’ coverage of the 2020 election, according to a new report. Shareholder Robert Schwarz alleges in a lawsuit filed in Delaware Chancery Court that Murdoch and other board members breached their fiduciary duties to shareholders by failing to uphold the…
Lachlan Murdoch dismisses ‘noise’ created by Fox News, Dominion lawsuit Lachlan Murdoch, the top executive at Fox Corp., dismissed negative headlines surrounding the company as it faces a $1.6 billion lawsuit stemming from its coverage of the 2020 election. “I think a lot of the noise that you hear about this case is actually not about…
Fox-News Corp. Merger Dead as Rupert Murdoch Says Deal “Not Optimal” For Shareholders The proposed merger of Fox Corp. and News Corp. is dead, after Rupert Murdoch sent a letter to the boards of the companies withdrawing his proposal to reunite his media empire. “In withdrawing the proposal, Mr. Murdoch indicated that he and Lachlan…
“#Fox News renames flagship NYC studio founder Rupert Murdoch” Fox News Channel capped its monthlong celebration of the cable news giant’s 25th anniversary Wednesday by rededicating its main New York City studio in honor of founder Rupert Murdoch. Henceforth, the multilevel, 3,675-square-foot space at the corner of Avenue of the Americas and 47th Street will…
“#Fox buys celebrity news, gossip site TMZ from AT&T’s WarnerMedia” Fox Entertainment has acquired WarnerMedia’s TMZ, the celebrity gossip site and TV shows operated by Harvey Levin, the companies said Monday. Terms of the deal weren’t disclosed, but TMZ, which is best known for breaking news on celebrity gossip and deaths, is being valued at less than…
“#Fox sees Q3 profit gain despite sales dip after 2020 Super Bowl” Fox Corp. said Wednesday that it bested Wall Street’s third-quarter estimates despite advertising sales declines compared to last year when it broadcast the Super Bowl. Shares of Fox rose 2 percent in after-hours trading. Fox attributed its profit growth to new investments, such…
“#Fox posts surprisingly strong revenue boosted by political ads” Fox Corp. posted better-than-expected quarterly revenue, boosted by stronger ad spending during the US presidential election and on the return of live sports to television. Separately, the New York-based company said Tuesday that it was extending the contract of Fox News chief executive Suzanne Scott. Although…