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

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…

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CNBC: Disney expected to add cash to bid for Fox

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…

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Murdochs to remove Fox News chief Roger Ailes: NY Magazine

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…