Rupert Murdoch News

May 24, 2013 - News Corporation and the new News Corporation today announced that the separation of News Corporation into two distinct publicly traded companies, 21st Century Fox and the new News Corporation, has been formally approved by the Company's Board of Directors.

"The results are in," the network continued, explaining Darnell would pack his bags when his current contract expires at the end of June, ending of one of most colorful broadcast network runs.

In one month, FOX is losing their reality TV trailblazer. President of Alternative Programming Mike Darnell, who has been with the company for 18 years overseeing such series as "American Idol" and "So You Think You Can Dance," is packing his bags.

NEWS Corp says its board approved the breakup of the media-entertainment conglomerate headed by Rupert Murdoch into two separate companies, to be effective on June 28.

News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away.

Rupert Murdoch has given mixed signals about wanting to own the Los Angeles Times, but he's made it clear how he feels about his latest real estate purchase.

It's been 13 days since The New York Post's Mark DeCambre broke the news that Bloomberg reporters were using proprietary information from the company's terminals to write about investment bankers, including those at Goldman Sachs In a media feeding frenzy fueled in part by Schadenfreude, the Post has beat a steady drum.

Rupert Murdoch isn't shy about wanting to own the Los Angeles Times. He also isn't shy about his latest real estate purchase.

Via Acquire Media NewsEdge) SKY has suffered a backlash from 02 customers angry at its Rupert Murdoch links.

Media mogul Rupert Murdoch announced via Twitter on Friday that he has bought the Moraga estate on the Bel-Air ridge that faces across the 405 freeway at the Getty Center.

"About to celebrate buying beautiful small vineyard right in LA. Great wine, Moraga, owned by great Angelino, Tom Jones .

JPMorgan would be up a creek without Jamie Dimon as Chairman. One of the smartest, toughest guys around.

Chase Carey of New Canaan, president and chief operating officer of News Corporation, gave a talk before the hometown audience on Sunday, May 5, at the New Canaan Public Library.

Pink Slips For A Dozen-Plus Daily News Staffers The New York Daily News is now undergoing what employees of the tabloid have been fearing for weeks: Multiple insiders tell Capital that layoffs hit the newsroom Wednesday.

News Corp. reported sharply higher earnings, with strong showings by its cable and TV businesses.

Times, Sunday Times and Sun could move from long-term Wapping base to London Bridge when lease expires in 2015 Rupert Murdoch's UK papers are in talks to move to a site next to the Shard in London Bridge.

A resolution has been filed by News Corp shareholders in the US, UK and Canada calling for Rupert Murdoch to step down.

Rupert Murdoch's News Corp reported quarterly earnings that beat Wall Street expectations, aided by growth at its cable networks, and said it is on track to split off its slow-growing publishing business by the end of June.

News Corporation's Australian newspapers continue to weigh on earnings while the company's planned split into entertainment and publishing segments is on target to be completed by the end of June.

News Corp. reported adjusted earnings per share of 36 cents for the quarter ended in March, beating an average estimate of 35 cents in a Bloomberg survey of 19 analysts.