The Board of 21st Century Fox has announced a series of senior management changes, which will take effect 1 July. Rupert Murdoch, the Company’s founder and Chairman and CEO, together with Lachlan Murdoch, currently Co-Chairman, will become Executive Co-Chairmen. Chase Carey, the Company’s Deputy Chairman, President and COO since 2009, will become the Executive Vice Chairman and serve in that role through 30 June 2016. James Murdoch, currently Co-Chief Operating Officer, will become … [Read more...] about Management reshuffle at 21st Century Fox
New York – 21st Century Fox announced on August 5 that it has withdrawn its proposal to acquire Time Warner Inc. Chairman and CEO Rupert Murdoch commented: “We viewed a combination with Time Warner as a unique opportunity to bring together two great companies, each with celebrated content and brands. Our proposal had significant strategic merit and compelling financial rationale and our approach had always been friendly. However, Time Warner management and its Board refused to … [Read more...] about 21st Century Fox withdraws proposal to acquire Time Warner Inc.
Businessweek reports that Rupert Murdoch’s 21st Century Fox Inc. plans to form a TV-production venture with Apollo Global Management LLC, combining the companies that made American Idol and The Biggest Loser. Fox, the New York-based media company, and funds affiliated with Apollo, the private-equity group led by Leon Black, reached a preliminary accord to own and manage the venture, the parties said in a statement on May 15. Murdoch would combine Fox’s Shine … [Read more...] about Shine and Endemol enter joint-venture talks
Reuters – Britain's largest pay-TV company BSkyB is in talks to buy Sky Deutschland and Sky Italia, a €10 billion deal that would realise Rupert Murdoch's long-held ambition to combine his European TV interests in a single business. The potential tie-up would create a broadcaster with 20 million subscribers and more clout to deal with growing competition from rivals such as BT in sport as well as online groups like Netflix in movies and blockbuster TV shows. In 2010, Murdoch had … [Read more...] about BSkyB in talks to buy Murdoch’s Europe pay-TV businesses
New York — According to the Agence France-Presse, Rupert Murdoch's 21st Century Fox said Thursday it was selling its 47 percent stake in Star China TV, which operates three Mandarin-language television stations. Terms were not disclosed. Formed in 2010 and majority-owned by CMC, the joint venture operates three 24-hour channels: Xing Kong, Xing Kong International and Channel [V] Mainland China. It also operates the Fortune Star Chinese movie library. James Murdoch, Rupert … [Read more...] about Murdoch’s Fox sells Star China TV stake
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