News Corp's The Wall Street Journal will launch a new format for the newspaper with fewer sections on Nov. 14, and has begun laying off employees as part of an effort to cut costs, according to two memos reviewed by Reuters on Wednesday.
Thomson Reuters Corp third-quarter earnings beat analyst expectations on Tuesday and the company said it would cut jobs worldwide, taking a fourth-quarter charge of $200 million to $250 million to streamline its business.
It has been six years since Goldman Sachs Group Inc, a perennial No. 1 in the M&A league tables, did not feature as an adviser on the year's biggest deal. But sticking with Rupert Murdoch over Bugs Bunny just cost it this year's biggest deal.
LONDON Two former executives from Rupert Murdoch's British newspaper arm should be formally admonished after misleading a parliamentary committee investigating claims of phone-hacking, lawmakers said on Wednesday.
NEW YORK Rupert Murdoch on Friday named company veterans Jack Abernethy and Bill Shine as co-presidents to lead Fox News after Chief Executive Officer Roger Ailes resigned last month following sexual harassment allegations.
LONDON Three decades after media mogul Rupert Murdoch instigated its demise as the centuries-old home of Britain's newspaper industry, London's Fleet Street bade farewell on Friday to its last two journalists.
Thomson Reuters Corp on Thursday reported flat quarterly revenue excluding currency effects and reaffirmed its full-year sales outlook despite uncertainty among financial services clients about the economic environment.
The following is the full text of the resignation letter sent by Fox News Chief Executive Roger Ailes to Rupert Murdoch, the executive chairman of Twenty-First Century Fox Inc , the parent of Fox News.
Rupert Murdoch, executive co-chairman of 21st Century Fox Inc , and his sons James and Lachlan agree that Fox News Channel boss Roger Ailes should leave the company but they have not settled on the timing, New York magazine reported on Monday, citing anonymous sources.
News Corp , owner of the Wall Street Journal and book publisher HarperCollins, reported its fifth drop in quarterly revenue in a row as print ad sales declined and a strong dollar hit income from outside the United States.
LONDON - "It was the kind of place you get out of and you never want to go back again." That's how one former reporter describes the News of the World newsroom under editor Rebekah Brooks, the ferociously ambitious executive who ran the Sunday tabloid from 2000 to 2003. Full Article