On the evidence currently available and having taken into account all the relevant factors, UK’s regulatory and competition authority Ofcom (Office of Communications) considers News Corporation’s BSkyB (Sky) fit and proper to hold its broadcast licences. In July 2011, in light of the public debate about phone hacking and other allegations, Ofcom confirmed that it had a duty to consider whether Sky was fit and proper to continue to hold its broadcast licences. In one of the points in … [Read more...] about UK’s Ofcom finds Sky fit and proper
News Corporation
Rupert Murdoch addresses code of ethics in staff memo
Rupert Murdoch has outlined in a staff memo structural changes to “redress wrongdoing, co-operate with law enforcers and strengthen News Corporation’s compliance and ethics programme company-wide”. He wrote that Gerson Zweifach, senior executive vice-president and group general counsel, News Corporation, is now the company’s Chief Compliance Officer and has assumed overall responsibility for the effort to create a more robust global compliance and ethics programme. Lisa … [Read more...] about Rupert Murdoch addresses code of ethics in staff memo
David Haslingden to step down as President and COO of Fox Networks Group
New York – News Corporation announced that David Haslingden, who has served as President and COO of Fox Networks Group since January 2011, has decided to step down at the end of the calendar year in order to return to his native Australia and spend more time with his family. Haslingden was instrumental in the creation and growth of Fox International Channels (FIC), a business unit that now encompasses more than 350 channels in over 55 countries. Prior to his current role, he was CEO of … [Read more...] about David Haslingden to step down as President and COO of Fox Networks Group
Australia’s competition regulator approves News Corp’s acquisition of Consolidated Media
The Australian Competition and Consumer Commission (ACCC) announced that it would not oppose the proposed acquisition by News Corporation (News Corp) of 100% of the shares in Consolidated Media Holdings Limited (CMH). The bid has also been backed by billionaire James Packer, who owns 50% of Consolidated. As per the terms of the deal, News Corp will get a 50% stake in pay-TV network Foxtel and full ownership of the Fox Sports business in Australia. It will also get broadcast rights to the most … [Read more...] about Australia’s competition regulator approves News Corp’s acquisition of Consolidated Media
News Corporation announces key executive appointments
New York – News Corporation has announced a restructuring of its senior leadership team, which oversees the company’s media and entertainment properties. Peter Rice, who has served as Chairman of Entertainment for FOX Networks Group (FNG) since 2010, has been elevated to Chairman and CEO of FNG, where he will oversee all programming and operations for the group, which includes FOX Broadcasting Company, FOX Sports Media Group, FX, FOX International Channels and the National … [Read more...] about News Corporation announces key executive appointments
BREAKING: Alex Mahon Announced As CEO of Shine Group
Alex Mahon will assume full responsibility for day to day management of the 28 operating companies within Shine Group. Murdoch will continue as Group Chairman leading Shine’s creative talent, culture and strategy. The changes are effective from September. Elisabeth Murdoch said: “As Shine further diversifies across genres, geographies and platforms, I believe that the continued growth of the company requires the Chairman and CEO roles to be distinct and separate. Alex has earned this … [Read more...] about BREAKING: Alex Mahon Announced As CEO of Shine Group
