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☆ How Dana Walden could defy critics and become Disney's first female CEO
▼ + stars: | 2024-04-01 | by ( Alex Sherman | ) www.cnbc.com time to read: +22 min

The appointment would make Walden the first female CEO of the Walt Disney Co. in its 100-year history. "Anybody they choose will have never been the Disney CEO prior to that." At Disney, Walden has hit several home runs, including FX's "The Bear," Hulu's "The Dropout" and "Only Murderers in the Building," and ABC's "Abbott Elementary." Former Disney CEO Bob Chapek CNBCChapek climbed the corporate ladder at Disney for 30 years by showcasing his business and finance chops. Combating female stereotypesIf Walden were appointed CEO, she would be the first woman to run the century-old company.

Persons: Dana Walden, Disney Entertainment Rich Polk, Peter Chernin, Rupert, Walden, Bob Iger, he'd, Fox, Chernin, Peter Roth, Roth, Peter Chernin Getty, Josh D'Amaro, Jimmy Pitaro, Alan Bergman, Nelson, Peltz, Iger, Bob Chapek, Walden's, Bergman, she's, hasn't, —, Walden —, Dana doesn't, Jennifer Salke, Jennifer Salke Stephen Desaulniers, CNBC Walden, Richard Plepler, Craig Hunegs, Carol Burnett's, Carrie Hamilton, George Burns, Dean Martin, roasts, Martin, Buddy Hackett, Matt Walden, Bender, Goldman, she'd, Arsenio, Lucie Sulhany, Dana Walden Jason Laveris, Gary Newman, Newman, It's, Dana, Ryan Murphy, John Landgraf, Jan, Seth MacFarlane, Guy, Tuck, MacFarlane, Murphy, Steve Levitan, Dan Fogelman, Rick Rosen, Rosen, Howard Gordon, Levitan, Peter Rice, Rice, wasn't, Chapek, Rich Appel, Gary, it's, Percy Jackson, didn't, Bob Chapek CNBC Chapek, showrunners, Scarlett Johansson, Kristina Schake, Jay Sures, Sures, Amazon's Salke, Greta Gerwig, Gloria, Murphy's, Miss Jones, There's, Steve Levitan Peter, Hopper, Critics, She's, Salke, WME's Rosen Organizations: Disney Entertainment, Getty, Century Fox Filmed Entertainment, Rupert Murdoch's News Corp, Walt Disney Co, Century Fox, Fox, Century Fox Television, Warner Bros, Disney, ESPN, Entertainment, CNBC, Trian Partners, Iger, Amazon Studios, HBO, Disney TV Studios, Hollywood, Westlake School for Girls, Harvard, Westlake School, The Friars Club, University of Southern, Paramount, Paramount Domestic Television, Filmmagic, Fox Broadcasting, Walden, CBS, FX Networks, Bob Chapek CNBC, Indiana University, Michigan State University, United Talent Agency, Hulu Locations: Santa Barbara , California, Walden, Brentwood , California, She's, Disney's, Studio City, Los Angeles, Las Vegas, University of Southern California, Chapek, Hollywood, Walden's, Iger, America

☆ Social and influencer-marketing agency The Fifth, part of Murdoch's News Corp, is shutting down its UK talent division
▼ + stars: | 2023-11-14 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

The Fifth, a social-creative agency originating in the UK, is shutting down its talent-management arm in the country, the company confirmed to Business Insider. The company is part of News UK, a media conglomerate that operates news outlets like The Times, The Sunday Times, and The Sun. The Fifth was founded in 2019 by Oliver Lewis, formerly News UK's director of digital strategy and partnerships, and The Fifth's talent division was launched a year later. Citing changes in the UK market, the company said it had decided to focus its efforts on the social-creative and influencer-marketing side of the business. Do you work at The Fifth or other talent management firms in the UK or have insight to share?

Persons: Oliver Lewis, It's, Dan Wang Organizations: Business, News UK, Times, Sunday Times, Sun . News, Rupert Murdoch's News Corp, Eurostar, BareMinerals, Columbia Business School

☆ Starboard says Rupert Murdoch's News Corp should break up
▼ + stars: | 2023-10-17 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Jeff Smith, CEO and chief investment officer of Starboard Value, L.P., speaks at a panel discussion at the SALT conference in Las Vegas May 14, 2014. Smith's remarks at the 13D Monitor Active Passive Investor Summit came after Reuters revealed last week that Starboard had become a News Corp shareholder, a prelude to a potential shake-up at Murdoch's media empire. "We believe separate news and real estate assets could help unlock $7 billion or more in value," he added. Starboard, which has pushed for changes at companies ranging from Salesforce (CRM.N) to Darden Restaurants <DRI.N,> would struggle to shake up News Corp without Murdoch's consent. If News Corp separates its real estate assets, shareholders would benefit, Smith said.

Persons: Jeff Smith, Rick Wilking, Rupert, Smith's, Smith, REA, Murdoch, Lachlan, Svea Herbst, Bayliss, Sharon Singleton, David Gregorio Our Organizations: SkyBridge, Rupert Murdoch's News Corp, 13D, Investor, Reuters, News Corp, Dow Jones, Street, Darden, Corp, Svea, Thomson Locations: Las Vegas

☆ Exclusive: Activist hedge fund Starboard eyes Rupert Murdoch's News Corp -sources
▼ + stars: | 2023-10-13 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

The fund's plans and the size of its stake in News Corp could not be learned. News Corp declined to comment and Starboard did not respond to a request for comment. Starboard, which has pushed for changes at companies ranging from Salesforce (CRM.N) to Darden Restaurants (DRI.N), would struggle to shake up News Corp without Murdoch's consent. Irenic did succeed in drumming up investor opposition to Murdoch's proposed merger with his other company Fox Corp (FOXA.O), forcing him to abandon the plan. Reporting by Svea Herbst-Bayliss in New York Editing by Greg Roumeliotis and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Rupert Murdoch, Lachlan Murdoch, Bing Guan, Jeffrey Smith, Rupert Murdoch's, Smith, Murdoch, Dow Jones, Irenic, Murdoch's, Lachlan, Svea Herbst, Bayliss, Greg Roumeliotis, David Gregorio Our Organizations: News Corporation, News Corp, Fox, REUTERS, 13D, Investment, New York Times Co, Darden, Corp, Irenic Capital Management, Wall Street, Fox Corp, Reuters, Svea, Thomson Locations: New York, U.S

☆ Wall Street Journal overseas teams are taking a hit as Hong Kong is trimmed and insiders brace for more cuts
▼ + stars: | 2023-10-04 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Emma Tucker's Wall Street Journal laid off staff in its Hong Kong bureau, and three company insiders said they were bracing for more cuts in the newsroom. The Hong Kong layoffs affected seven editors on a desk that puts finishing touches on stories before they're published, two sources said. People with direct knowledge said they believed the company was looking to save money by shifting the work to other offices. The Hong Kong cuts came shortly after Tucker revealed in September her plan to revive the newsroom with an "audience-first" model, which has fueled speculation that a reorg could be on the way. Hong Kong is the latest example of cuts to the storied newsroom that have dribbled out over the past few months, in keeping with the Journal's practice of trimming small numbers of people.

Persons: Emma Tucker's, they're, Tucker, Rupert, Karen Pensiero, Neal Lipschutz, Jason Anders, Matthew Rose, She's, it's Organizations: Journal, Hong Kong, Rupert Murdoch's News Corp, Sunday Times Locations: Hong Kong, London, Hong

☆ News Corp beats profit estimates on cost cuts, touts AI boost to future sales
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +2 min

Aug 10 (Reuters) - Rupert Murdoch's News Corp (NWSA.O) on Thursday beat quarterly profit estimates thanks to its cost-cutting efforts and talked up how generative artificial intelligence will support future results. For the first time, digital revenue accounted for over half of the company's total revenue for the full year, News Corp said. Higher digital subscription revenue in its fiscal fourth quarter helped News Corp absorb the impact of a 11.5% decline in advertising revenue. Revenue in its professional information business, which includes data and analytics platforms such as Oil Price Information Service, rose 10%. Excluding items, News Corp earned 14 cents per share, beating estimates of 8 cents, according to Refinitiv data.

Persons: Rupert, Robert Thomson, OpenAI, Thomson, Chavi Mehta, Dawn Chmielewski, Anil D'Silva, Stephen Coates Organizations: Rupert Murdoch's News Corp, News Corp, Sunday Times, Wall Street, Associated Press, Corp, Revenue, Price Information Service, New York Times Co, Fox Corp, Thomson Locations: Bengaluru, Dawn, Los Angeles

☆ DeSantis is now a millionaire. Unfortunately, he still has student loans to pay off.
▼ + stars: | 2023-06-30 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +6 min

DeSantis made over $1 million for his book advance when he wrote "The Courage to Be Free." Ron DeSantis almost quadrupled his net worth in a year, thanks to a seven-figure payday from his bestselling memoir, "The Courage to be Free." A year earlier, DeSantis' net worth was nearly $319,000. The lift in salary was largely thanks to a $1.25 million book advance DeSantis got from Broadside Books, the conservative arm of HarperCollins Publishing that is owned by Rupert Murdoch's News Corp. Since filing his last financial disclosure, DeSantis lowered the amount he owes on his student loans slightly, from $21,284.92 to $18,628.66.

Persons: DeSantis, they've, —, Ron DeSantis, Joe Biden's, Donald Trump, Trump, “, Joe Raedle, Casey DeSantis, Hillary Clinton, Mike Pence, GOP Sen, Tim Scott of, Sen, Elizabeth Warren of, he'd Organizations: Be, Service, Gov, Broadside Books, HarperCollins Publishing, Rupert Murdoch's News Corp, Republican, Trump Organization, Forbes, New York Times, Ivy League, Navy, Associated Press, Florida Gov, House, Museum, Federal, Commission, Trump, GOP, Democratic Locations: Florida, Florida's, Beach , Florida, Orange, Pinellas Park , Florida, Tim Scott of South Carolina, Elizabeth Warren of Massachusetts, Dunedin , Florida

☆ Pat Robertson, the televangelist who helped turn Christianity into a political force, is dead at 93
▼ + stars: | 2023-06-08 | by ( Ben Finley | Associated Press | ) www.businessinsider.com time to read: +10 min

Robertson was a televangelist who helped bring Christianity to the center of the Republican Party. Marion Gordon "Pat" Robertson was born March 22, 1930, in Lexington, Virginia, to Absalom Willis Robertson and Gladys Churchill Robertson. Robertson was interested in politics until he found religion, Dede Robertson told the AP in 1987. Pat Robertson listens as Republican presidential candidate Donald Trump speaks at Regent University in Virginia Beach, Virginia. But after President Trump lost to Joe Biden in 2020, Robertson said Trump was living in an "alternate reality" and should "move on," news outlets reported.

Persons: Pat Robertson, Robertson, —, — Pat Robertson, Steve Helber, George H.W, George H.W . Bush, Jeffrey K, Hadden, ″, ″ Robertson, Bush, — Robertson, John C, Green, Marion Gordon, Pat, Absalom Willis Robertson, Gladys Churchill Robertson, Pam MacDonald, Adelia, Dede, Elmer, Dede Robertson, Jimmy Carter, Ronald Reagan, Donald Trump, God, George W, Hugo Chavez, misspoke, Bill Clinton, Trump, Kellyanne Conway, Joe Biden, Robertson's, Gordon, Rupert Murdoch's Organizations: Christian Broadcasting Network, Republican Party, Service, Christian Coalition, Regent University, American Center for Law, Justice, University of Virginia, Associated Press, ″, Republican, House, The University of Akron, U.S, Representative, Washington, Lee University, 1st Marine Division, Yale University Law School, Conservative, Conference, Yale, Southern Baptist, Catholic, AP, New York Theological Seminary, CBN, University of Akron, White, Trump, International, Entertainment Inc, The, Rupert, Rupert Murdoch's News Corp Locations: Va, Virginia, America, Virginia Beach, Chesapeake , Virginia, Iowa, George H.W ., U.S, Chesapeake, Lexington , Virginia, Korea, Houston, Southern, New York, Bedford, Stuyvesant, Ohio, New, Portsmouth , Va, Virginia Beach , Virginia, Pennsylvania, Orlando , Florida, Kenya, IFE

☆ DeSantis delays reporting his personal finances, keeping mystery alive for a little longer over how much he made from his bestselling book
▼ + stars: | 2023-06-06 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +6 min

His previous documents showed his net worth was just $319,000, and that he still had student loans. Ron DeSantis may have greatly increased his net worth in the last year. Those documents showed the governor, now 44, had a net worth of just $318,986.99, didn't own property, and carried $21,284.92 in student loans. Also, if DeSantis didn't receive his book advance until 2023, then the Florida documents may not contain it but the federal documents would have to. Forbes estimates Trump's net worth at $3 billion, though Trump himself has pegged the figure at $10 billion.

Persons: DeSantis, —, Ron DeSantis, Hillary Clinton, Charlie Spies, Casey DeSantis, DeSantis didn't, Donald Trump's, Trump, GOP Sen, Tim Scott of, Sen, Elizabeth Warren of Organizations: Service, Gov, Republican, Federal, Commission, HarperCollins Publishing, Rupert Murdoch's News Corp, US, Government, Florida, GOP, Trump, Trump Organization, Forbes, New York Times, Ivy League, Navy, Associated Press, Politico, Democratic Locations: Florida, Florida's, Beach , Florida, Tim Scott of South Carolina, Elizabeth Warren of Massachusetts

They accuse the publisher of the Daily Mirror, Sunday Mirror and Sunday People, of widespread phone-hacking and unlawful information gathering between 1991 and 2011. Green began by personally apologising to Harry on MGN's behalf over one instance in which it admitted unlawful information gathering. In his written witness statement, Harry denounced the treatment he had experienced at the hands of the press. [1/6] Britain's Prince Harry, Duke of Sussex walks outside the Rolls Building of the High Court in London, Britain June 6, 2023. The publisher also argues that some of the personal information involved had come from senior royal aides, including from one of his father's former top officials.

Persons: Harry, Prince Harry, King Charles, Andrew Green, Green, MGN, Chelsy Davy, Duke of Sussex, Hannah McKay, David Sherborne, Harry's, Princess Diana, Piers Morgan, earwigging, Morgan, Rupert, I've, Michael Holden, Alex Richardson, Kate Holton, Sharon Singleton Organizations: Mirror Group, Daily, Sunday People, Court, REUTERS, Rupert Murdoch's News Corp, Reach, Thomson Locations: LONDON, London, Britain, British

☆ There's a real-life 'Succession' drama playing out among the children of Bernard Arnault, the world's richest person and head of luxury behemoth LVMH
▼ + stars: | 2023-05-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

But there's a similar legacy battle going on inside LVMH, the French luxury house run by Bernard Arnault. The children of the world's richest man are vying for influence within LVMH in a "Darwinian" fight. Showrunner Jesse Armstrong says his fictional Roy family is inspired by several famous dynasties, such as the Hearsts — the family behind Hearst Communications — and the Redstones — the controlling influence behind Paramount Global. There's still plenty of rivalry between the progeny of Bernard Arnault, CEO of luxury goods behemoth LVMH and world's richest person. The Roy family of "Succession."

☆ DeSantis first-week memoir sales far outpace books by Trump, Pence, Clinton and Obama
▼ + stars: | 2023-03-10 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

DeSantis' book sales also appeared to far outpace recently published memoirs by a handful of other Republicans who have either launched 2024 presidential campaigns or are considering it, according to BookScan. Former Vice President Mike Pence's "So Help Me God," released last November, sold 37,600 print copies in week one. Of course, book sales alone don't guarantee a politician's future success. Former Democratic presidential nominee Hillary Clinton sold 86,200 print copies of her 2014 book "Hard Choices" in the first week, BookScan data showed. On Friday, DeSantis' book was listed No.

☆ Ron DeSantis' memoir sold more copies in its first week than books by Donald Trump, Barack Obama, and Hillary Clinton
▼ + stars: | 2023-03-09 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

DeSantis' first memoir sold over 94,000 copies in its first week, a number that includes preorders. The first week of sales eclipsed those of Donald Trump, Barack Obama, and Hillary Clinton. Ron DeSantis' first memoir has outsold books by Donald Trump, Hillary Clinton, and Barack Obama during its first week of sales. Clinton's memoir "Hard Choices," about her time working in the Obama administration before mounting her presidential run, sold 86,200 copies in its first week, according to BookScan. The DeSantis political team declined to comment for this story.

☆ Rupert Murdoch's News Corp is cutting 1,250 jobs
▼ + stars: | 2023-02-10 | by ( ) edition.cnn.com time to read: 1 min

News Corp said Thursday that it would cut 5% of its workforce, or 1,250 jobs, after the media conglomerate fell short of quarterly Wall Street estimates for profit and revenue, hurt by declines across its businesses, including news. The company also said it incurred $6 million in one-time costs associated with its plans to merge with Fox Corp , which Rupert Murdoch , News Corp executive chairman and Fox co-chairman, scrapped in January. News Corp NWS A slump in advertising spending by businesses hit by rising inflation and higher interest rates has dented one of the major sources of revenue for companies such as, which publishes the Wall Street Journal. "A surge in interest rates and acute inflation had a tangible impact on all of our businesses," Chief Executive Robert Thomson said in a statement. Shares of the company were down nearly 3% in extended trading Thursday.

☆ Ojo, a home-listings site aiming to rival Zillow, sells its Canadian operations to Royal Bank of Canada and raises funds from Vista Equity Partners in combined deal of nearly $200 million
▼ + stars: | 2023-02-07 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

Home-listings company Ojo Labs sold its Canadian operations to the Royal Bank of Canada. The transactions, totaling nearly $200 million, will help Ojo navigate a bumpy housing market. "We put the company in an extremely healthy cash position, while others are having to retrench," Berkowitz told Insider. These services can differentiate Ojo from Zillow and Realtor.com, which are most intently focused on the home transaction. CoStar, the real estate data giant that's reached a dominant position in commercial real estate data, has recently trained its eye on residential listing platforms.

☆ News Corp plans to sell real estate giant Move Inc, valued at $1.4 billion, to CoStar as Rupert Murdoch shelves proposed merger of News Corp and Fox
▼ + stars: | 2023-01-25 | by ( Claire Atkinson | Daniel Geiger | ) www.businessinsider.com time to read: +3 min

News Corp is in talks to sell Move Inc, the operator of listings site Realtor.com, to CoStar. The news comes as executive chairman Rupert Murdoch shelves a News Corp merger with Fox. News Corp is planning to sell Move Inc., the California-based operator of Realtor.com and other real estate listings sites, to CoStar, a commercial real estate data and technology firm. One News Corp shareholder, Irenic Capital, had argued against the merger, suggesting that News Corp could benefit shareholders if it unlocked the value of its holdings including Dow Jones and the real estate assets. The balance is held by News Corp's digital real estate subsidiary REA.

☆ Bloomberg has no interest in acquiring Dow Jones or the Washington Post, spokesman says
▼ + stars: | 2022-12-25 | by ( ) www.reuters.com time to read: 1 min

Dec 25 (Reuters) - Bloomberg L.P. confirmed on Sunday that it has no interest in acquiring either Dow Jones or the Washington Post, a Bloomberg L.P. spokesman said in a tweet. loading"There have been no conversations with anyone or either organization about an acquisition," spokesman Ty Trippet said in the tweet, which was retweeted by Michael Bloomberg. News website Axios reported on Friday the billionaire owner of Bloomberg L.P. was interested in acquiring either WSJ parent Dow Jones from Rupert Murdoch's News Corp (NWSA.O), or the Washington Post from Amazon.com's (AMZN.O) Jeff Bezos, citing a source familiar with Bloomberg's thinking. Reporting by Lavanya Ahire in Bengaluru; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Dec 12 (Reuters) - News Corp (NWSA.O) named Sunday Times editor Emma Tucker the new editor of the Wall Street Journal and Dow Jones Newswires on Monday. In his new role, Murray will take on “several critical growth projects supporting News Corp,” the company said. That vision appears to align with that of the Journal's publisher and Dow Jones chief executive, Almar Latour, who is credited with leading the digital transformation of the publication, which now boasts more than 3 million digital subscribers. “Emma is a brilliant, inspiring editor, with digital nous and the highest standards of integrity,” Thomson said in a statement on Monday. “She has been a thoughtful custodian of The Sunday Times and will bring verve and virtue to Dow Jones.

☆ Congress dropped a controversial media bill which saw Facebook threaten to ax news in the US if the act passed, report says
▼ + stars: | 2022-12-07 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Congress excluded a controversial media bill from the National Defense Authorization Act, on Tuesday. The bill would have forced online platforms like Facebook to pay for news content from publishers. Facebook on Monday threatened to ax news from its platforms in the US if the bill passed. It would require social media firms to pay publishers for their news content. Meta temporarily banned news in Australia in 2021 after a similar law was proposed requiring social media platforms to pay journalism outlets for news content.

☆ Meta has threatened to pull all news from Facebook in the US if an 'ill-considered' bill that would compel it to pay publishers passes
▼ + stars: | 2022-12-06 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Meta threatened to pull news from its US platform over a media bill, in a statement on Monday. The media bill will require Facebook and other platforms to pay publishers to distribute news. Meta previously cut all access to news in Australia after a similar bill was passed in the country. The statement read that if Congress passes the "ill-considered journalism bill," Meta "will be forced to consider removing news from our platform altogether." Meta eventually reversed the ban after the bill was amended, and struck a deal with Rupert Murdoch's News Corp to pay the media firm to distribute its content across Facebook.

☆ Ron DeSantis just announced he has a memoir coming out soon. Here's what we learned from his first book, a scathing take on Obama
▼ + stars: | 2022-11-30 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +13 min

DeSantis wrote the book during the Tea Party movement and before he ran for Congress. He did so throughout his 2011 book, "Dreams from Our Founding Fathers: First Principles in the Age of Obama." According to NPD BookScan, which tracks retail sales of US print books, "Dreams from Our Founding Fathers" sold 125 copies through July of 2022. In one section of the book, DeSantis wrote that Obama lacked the humility of George Washington, the first US president. Obama, DeSantis wrote, "garnered flattering media coverage by a press thoroughly enamored with his progressive politics."

PARIS/STOCKHOLM, Nov 4 (Reuters) - Telecom operators are pushing the European Union to implement new laws that would make Big Tech pay for network costs, following Australia's example, according to four sources close to the matter. "GSMA is coordinating a proposal that speaks to Big Tech contribution to European infrastructure investment," said John Giusti, GSMA's chief regulatory officer, without elaborating on the content of the proposal. Google, Facebook, Netflix, Amazon did not immediately respond to requests for comment. Australia's recently-adopted laws in its own spat with Google and Facebook have emerged as the most-favoured weapon for telecoms operators in their dispute with Big Tech companies, the sources said. The rules, first aimed at compelling tech giants to pay for news content online, allow an Australian government-appointed arbitrator to set fees if Big Tech companies and news publishers fail to find a common ground over copyright.

After being the longest-serving health secretary in British history and stints running the foreign office and culture ministry, Hunt returns from government exile after two failed bids to become Britain's prime minister himself. "The appointment of Jeremy Hunt as Chancellor is a wise choice," Conservative lawmaker Bernard Jenkin said on Twitter. Ironically, though, while Truss has said she will press ahead with a cut to income tax, Hunt said at the time that could wait. Other critics said some of the problems that the state-run health service faced were a consequence of his role as health minister. During a trip to China in July in 2018, he mistakenly described his wife Lucia, who hails from China, as being Japanese.

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