March 3, 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 […]

Facebook omnipresence makes Murdoch’s Journal wary of close ties

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From Newsmax As dozens of media companies explore deeper ties with Facebook Inc., one publisher has remained especially wary of the social network: Rupert Murdoch’s News Corp. Unlike other news outlets, News Corp.’s Wall Street Journal hasn’t struck a deal to create live videos for Facebook. And while some publishers make all of their stories […]