May 13, 2021

Rupert Murdoch’s News Corp. falls most in 5 Years on Foxtel spending

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From Newsmax Rupert Murdoch’s News Corp. fell the most in more than five years after the company said it will invest more in its Australian cable network. On an earnings call Thursday, Chief Financial Officer Susan Panuccio said there will be “some short-term reinvestment required” at the business, called Foxtel, to attract subscribers, as well […]

CNBC: Disney expected to add cash to bid for Fox

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From Newsmax Walt Disney Co. reportedly is preparing to add cash to its bid for the entertainment assets of 21st Century Fox Inc. Comcast Corp. last week launched a $65 billion cash offer for the Fox assets, outbidding Disney. The assets include Fox’s movie studios, networks National Geographic and FX, Star TV, stakes in Sky, Endemol […]

Murdochs to remove Fox News chief Roger Ailes: NY Magazine

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From Newsmax 21st Century Fox Inc. plans to remove Roger Ailes, the chairman and chief executive officer of Fox News who has been accused of sexual harassment by former anchor Gretchen Carlson, according to New York Magazine. Fox Co-Executive Chairman Rupert Murdoch and his sons James and Lachlan have agreed that Ailes should depart, though […]