Sports streaming platform DAZN has announced the completion of its acquisition of Foxtel Group from News Corp, which it says marks a major milestone in its expansion into the Australian market. Subscription TV provider Foxtel will continue to operate as a standalone business while benefiting from the UK-based DAZN’s global reach, technology and investment in […]
Rupert Murdoch’s attempt to change his own family trust to leave his eldest son Lachlan in control of News Corp has been blocked by a Nevada court. A Nevada court commissioner found Rupert and Lachlan Murdoch had acted in “bad faith” by trying to change the trust to leave Lachlan in control rather than his […]
News Corp has confirmed that it is in “active discussions” over the sale of Foxtel, its Australian pay-TV unit, as the media group looks at ways to free the full value of all its assets. It ws first reported in August that News Corp was considering offloading Foxtel. Robert Thomson, CEO at News Corp told […]
News Corp is considering selling Foxtel, its Australian cable TV and streaming unit, after receiving an approach. A potential deal, reported by Reuters, would end its involvement in a high-overhead asset that has struggled to adapt to the streaming era. News Corp confirmed it was considering the deal in a trading update in which the […]
Rupert Murdoch, 92, has announced is stepping down as chairman of the board of both Fox Corp and News Corp. He will be appointed chairman emeritus of each company. Lachlan Murdoch, 52, one of his sons, will become sole chairman of News Corp and will continue as Fox Corp’s executive chair and CEO. “Our companies […]
News Corporation has recorded a 75 per cent drop in full-year profit. The US-listed media posted $187 million (€170.5m) in net profit for the financial year, down from the previous year’s $760 million record. The numbers were hit by lower print and digital advertising in Australia and lower print advertising at in UK. For the […]
Rupert Murdoch’s News Corp has said that it will cut 1,250 jobs after it missed analyst estimates for Q2 earnings due to weakness in its news and digital real estate businesses. “A surge in interest rates and acute inflation had a tangible impact on all of our businesses,” chief executive Robert Thomson said. “The initiatives […]
Fox Corp and News Corp have confirmed they are considering putting the two businesses back together. Both Murdoch companies have created special committees to evaluate the idea. But analysts at MoffettNathanson (MN) suggest the move might be premature. MN say this current proposal was not exactly how they envisioned the Fox endgame playing out. They […]
News Corp, Rupert Murdoch’s media company, has reported profits almost doubled in the year to June with growth in digital advertising and subs boosting its news operations to recover from pandemic losses. The company reported an 11 per cent increase in revenue for the year to $10.4 billion (€10.1bn) and pre-tax profit rose to $812 […]
Former model and Mick Jagger partner Jerry Hall has filed for divorce from husband Rupert Murdoch citing “irreconcilable differences,” after six years of marriage. Filing in California, Hall, aged 66, sought unspecified spousal support from the 91-year-old News Corp chair. In court papers at the Los Angeles Superior Court, Hall claimed she was “unaware of […]