DIRS.INFO The most relevant business & tech news

A person walks past Fox News Headquarters at the News Corporation building on May 03, 2022 in New York City. - Fox Corp. and its cable networks agreed Tuesday to pay $787.5 million to Dominion Voting Systems to settle a defamation lawsuit over false claims that Dominion's machines swayed the outcome of the 2020 presidential election. The suit by Dominion, which sells voting machines and election software, had argued that Fox News and its sister network Fox Business "intentionally and falsely" blamed Dominion for the 2020 loss of former President Donald Trump to President Joe Biden by airing unsubstantiated claims about the company. Fox had said in court filings that its hosts' statements about Dominion were protected by the First Amendment. The company also said Dominion had not shown that the statements were made with so-called actual malice, which is the threshold for civil defamation claims.

☆ Dominion wasn't here to save democracy — it just wanted money from Fox News
▼ + stars: | 2023-04-18 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Fox News detractors wanted Dominion's lawsuit against Fox News to move forward for democracy's sake. "PLEASE Dominion --- Do not settle with Fox! The election technology company filed a civil defamation lawsuit against Fox News and its parent company, Fox Corporation, and asked for $1.6 billion. But just because Fox settled Dominion's lawsuit doesn't mean it's now free of legal risk. "Smartmatic remains committed to clearing its name, recouping the significant damage done to the company, and holding Fox accountable for undermining democracy."

A person walks by Fox News signage posted on the News Corporation building in New York City, April 12, 2023WILMINGTON, Del. — Opening arguments were delayed Tuesday in the Dominion Voting Systems' defamation lawsuit accusing Fox News of spreading the damaging falsehood that the company rigged the 2020 election. The person, a Fox News representative, was forced to delete the photos and permanently exit the courtroom. The Fox representative misunderstood the courtroom rules and apologized, adding that the pictures were deleted immediately, the company told CNBC. I'm not going to give you an extra day," Davis told attorneys for both camps.

The source, who was not authorized to speak publicly, told Reuters that Fox was seeking a possible settlement. The Washington Post and the Wall Street Journal also reported that Fox was pursuing settlement talks, citing sources. Dominion is suing Fox Corp (FOXA.O) and Fox News in a defamation lawsuit over the network's coverage of the 2020 U.S. presidential election. Davis on Wednesday sanctioned Fox News, handing Dominion a fresh chance to gather evidence after Fox withheld records until the eve of the trial. An expert report commissioned by Dominion attributed scores of lost contracts to Fox's coverage, though much of the report remains under seal.

☆ Fox mogul Rupert Murdoch survived the phone-hacking scandal. Dominion's $1.6 billion lawsuit will test whether he can do it again.
▼ + stars: | 2023-04-16 | by ( Jack Newsham | ) www.businessinsider.com time to read: +15 min

Now, two voting-technology companies, Dominion Voting Systems and Smartmatic, want to make another Murdoch media property pay even more for Fox News's role in spreading election denial. But the phone-hacking scandal showed how Murdoch has weathered challenges to his power before. Another key difference from the phone-hacking scandal is the presence of written records that show Fox execs knew exactly what was going on. In the last quarter of 2022, Fox Corp. netted $321 million on $4.6 billion in revenue. And during the phone-hacking scandal, Murdoch showed fierce loyalty.

☆ Former Tucker Carlson producer says Fox News lawyers coerced her into saying coworkers were trustworthy: 'They're activists, not journalists'
▼ + stars: | 2023-03-27 | by ( Jacob Shamsian | Charles R. Davis | ) www.businessinsider.com time to read: +9 min

The New York lawsuit alleges that Fox News executives and producers denied her promotions and salary adjustments that would bring her in line with male colleagues. In another section of the lawsuit, Grossberg alleges a producer on Carlson's show repeatedly made antisemitic remarks. In her revised deposition, Grossberg answers that Bartiromo — one of the Fox News hosts who platformed Powell — has a "responsibility to push back against untrue statements with fact." "That did not happen with respect to Dominion-related reporting," Grossberg claims. "Ms. Grossberg ignored these communications and chose to file her complaint without taking any steps to protect those portions containing Fox's privileged information."

☆ Texts from the Dominion lawsuit reveal the real Fox News
▼ + stars: | 2023-03-22 | by ( Brent D. Griffiths | Rebecca Zisser | ) www.businessinsider.com time to read: +8 min

Among the messages is a thread where Tucker Carlson privately bashes Trump. Dominion captured a number of texts that show Fox employees' apprehension about the growing conspiracy claims about the company's voting machines in the wake of the election. Top Fox News hosts, including Tucker Carlson, privately insulted Chris Wallace and hatched a plot for a rebellion — November, 16, 2020. In a group chat between the three biggest hosts, Carlson, Hannity, and Ingraham, few colleagues, including then-"Fox News Sunday" host Chris Wallace, were spared. In a group chat between the three biggest hosts, Carlson, Hannity, and Ingraham, few colleagues such as then-"Fox News Sunday" host Chris Wallace were spared.

☆ Media mogul Rupert Murdoch engaged to Ann Lesley Smith
▼ + stars: | 2023-03-20 | by ( Helen Coster | ) www.reuters.com time to read: +2 min

[1/2] Tennis - US Open - Mens Final - New York, U.S. - September 10, 2017 - Rupert Murdoch, Chairman of Fox News Channel stands before Rafael Nadal of Spain plays against Kevin Anderson of South Africa. REUTERS/Mike Segar/March 20 (Reuters) - Fox Corp (FOXA.O) Chairman Rupert Murdoch is engaged to former San Francisco police chaplain Ann Lesley Smith, his spokesperson confirmed on Monday, which will mark the fifth marriage for the 92-year-old media mogul. Murdoch and Smith, 66, first met in September at his vineyard Moraga in Bel Air, California, and he called her two weeks later, Murdoch told the News Corp-owned NY Post, which broke the news of the engagement. Smith is a widow whose late husband was Chester Smith, a country singer, radio and TV executive. On March 17 in New York, Murdoch presented Smith with an Asscher-cut diamond solitaire ring, according to the Post.

☆ Rupert Murdoch is engaged to Ann Lesley Smith
▼ + stars: | 2023-03-20 | by ( Toyin Owoseje | ) edition.cnn.com time to read: +1 min

CNN —Billionaire media mogul Rupert Murdoch is preparing to walk down the aisle for the fifth time. The 92-year-old tycoon revealed he’s engaged to marry Ann Lesley Smith in an article published Monday in the New York Post, one of his own publications. Smith was previously married to Chester Smith, a country singer and radio and TV executive, who died in 2008. Murdoch was previously married to former flight attendant Patricia Booker, journalist Anna Murdoch and entrepreneur Wendi Deng. CNN has reached out to representatives of Murdoch and Smith for further comment.

☆ Fox News Defamation Case Tests Reach of Press Protections
▼ + stars: | 2023-03-03 | by ( Erin Mulvaney | ) www.wsj.com time to read: 1 min

Fox News mainly broadcasts from its studios in the News Corp building in New York. Recently released documents in Dominion Voting Systems ’ defamation case against Fox News show the voting-machine company is heading toward an April trial with a body of evidence that could help it overcome hurdles that usually doom lawsuits against media organizations. Media lawyers and academics say these latest court filings provide potentially important revelations about the state of mind of individuals at Fox News at the time the network was airing segments in which associates of former President Donald Trump made false claims that Dominion’s voting machines helped rig the 2020 election in favor of President Biden.

☆ CoStar Group CEO Says Firm Not Acquiring Move Real Estate Business From News Corp
▼ + stars: | 2023-02-22 | by ( Lauren Thomas | ) www.wsj.com time to read: 1 min

The News Corp headquarters in New York. News Corp’s Move is the parent of Realtor.com. News Corp ’s talks to sell the parent of Realtor.com to CoStar Group Inc. have ended without a deal. CoStar had been in talks to purchase Move Inc. from News Corp for about $3 billion.

☆ Fox News hosts, Rupert Murdoch were skeptical of Trump election fraud claims
▼ + stars: | 2023-02-16 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Rupert Murdoch and Fox News hosts expressed disbelief in former President Donald Trump's false election fraud claims, according to evidence released from Dominion Voting Systems' $1.6 billion lawsuit against Fox Corp and its cable-TV networks. In court papers filed Thursday, text messages and testimony from depositions show that Fox executives and TV personalities were skeptical about claims that the election between the victorious Joe Biden, a Democrat, and Trump, a Republican, was rigged. And damaging," Fox Corp Chairman Rupert Murdoch said in an email on Nov. 19, days after the election, regarding claims Trump lawyer Rudy Giuliani was making on Fox News. "Sydney Powell is lying," Tucker Carlson said in a text message to his producer. Our viewers are good people and they believe it," Carlson responded, according to court papers.

☆ Twitter suffered an outage during Rihanna's Super Bowl halftime show — its 2nd in a week — despite Elon Musk's directive to maximize stability
▼ + stars: | 2023-02-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Rihanna's Super Bowl halftime performance coincided with nearly 1,000 reports of a Twitter outage. It came just four days after "a massive outage" saw users left unable to tweet. Nearly 1,000 users reported on Downdetector that they were having problems with Twitter, peaking as the Super Bowl halftime show started around 8:30 p.m. The apparent outage came just four days after Wednesday's "massive" one left users unable to tweet. The platform did not suffer any outages then, despite a larger viewership and Musk's similar emphasis on keeping Twitter running.

☆ Dominion Voting attorney calls out Fox for missing evidence in defamation lawsuit
▼ + stars: | 2023-02-08 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

While this issue was already raised in July and January, the Dominion attorney said Wednesday they are still missing documents. We pointed out categories of missing documents for both Fox News and Fox Corp that are still missing. Fox attorney Dan Webb, a veteran trial attorney added to Fox's roster last year, said he disagreed with much of what Nelson said during the hearing Wednesday. Dominion brought the defamation lawsuit against Fox and its right-wing cable news networks, Fox News and Fox Business, seeking $1.6 billion in damages. "We are put in this impossible situation of preparing for trial where there are missing documents," Nelson said.

☆ 'Let's move on': Melbourne fans ready to make Djokovic feel welcome
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Jan 16 (Reuters) - Novak Djokovic made his way to Melbourne for the Australian Open unsure about the reception he would receive after being deported before last year's Grand Slam over his unvaccinated status, but forgiving fans said the nine-times champion was welcome again. But 12 months on, fans at Melbourne Park said that they were willing follow the lead of their Adelaide counterparts, who gave Djokovic a rousing reception throughout his title run in a warm-up tournament. "Well I hope everyone makes him feel welcome," Jane Powell, an Adelaide resident attending the year's first Grand Slam, told Reuters TV. Australian Open organisers have said any fans targeting Djokovic, who begins his quest for a 22nd Grand Slam to match Nadal against Roberto Carballes Baena on Tuesday, would be slapped with potential tournament bans. Another Melbourne resident, Leigh Harrison, echoed those views saying Adelaide had shown Melbourne the way forward.

☆ Media mogul Bloomberg eyes Dow Jones or Washington Post acquisition, no talks yet
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +3 min

According to the Axios report, Bloomberg sees News Corp-owned (NWSA.O) Dow Jones, also the publisher of Barron's and MarketWatch, as the ideal fit but would buy the Post if Amazon.com Inc (AMZN.O) founder Jeff Bezos was interested in selling. Bloomberg L.P., the Washington Post and Dow Jones did not immediately respond to Reuters' requests for comment. "The transaction would be challenged only if the resulting choices leave insufficient competition in the market for either users or suppliers. In October, Rupert Murdoch had started a process that could reunite his media empire, News Corp and Fox Corp (FOXA.O), nearly a decade after the companies split. Reuters competes with Bloomberg News, a unit of Bloomberg L.P., as a provider of financial news.

A spokesperson for the Washington Post, which Bezos bought in 2013 for $250 million, said it is not for sale. "A Bloomberg acquisition of the (Post) is not necessarily just a business decision. According to Axios, Bloomberg sees Dow Jones, also the publisher of Barron's and MarketWatch, as the ideal fit but would buy the Post if Bezos was interested in selling. Dow Jones did not immediately respond to Reuters' request for comment. Reuters competes with Dow Jones and Bloomberg News, a unit of Bloomberg L.P., a provider of financial news.

☆ Emma Tucker has been named editor-in-chief of The Wall Street Journal in a Murdoch editorial shakeup
▼ + stars: | 2022-12-12 | by ( Steven Perlberg | ) www.businessinsider.com time to read: +2 min

Tucker will join The Wall Street Journal from The Sunday Times, another Murdoch-operated newspaper. Journal editor Matt Murray is staying on at a senior role within News Corp, the company said. Rumors have been swirling for weeks about the potential change, Insider previously reported. Emma Tucker, previously the editor of The Sunday Times, will replace Editor-in-Chief Matt Murray, a Journal veteran who has served atop the Rupert Murdoch-owned paper since 2018. "Her global vision and experience will be particularly important at a time of immense international opportunity for The Wall Street Journal.

☆ Murdoch deal will struggle to be fair and balanced
▼ + stars: | 2022-11-17 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +7 min

A decade ago, Murdoch split his movies-to-books empire because it had become too broad and complex. As it stands, both $16 billion Fox and $10 billion News Corp suffer from significant valuation discounts, partly due to their common owner’s grip. It owns roughly 62% of Australian housing portal REA, a stake worth $6.7 billion based on its Wednesday closing price in Sydney. On the same 16 times multiple as New York Times (NYT.N), it would be worth about $8 billion. Rupert Murdoch and his family trust control about 42% of Fox voting shares and 39% of News Corp voting shares.

☆ New York Post website hacked, with racist and sexist headlines targeting politicians
▼ + stars: | 2022-10-27 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

The New York Post's website and Twitter account were hacked Thursday, as racist and sexually explicit headlines about Rep. Alexandria Ocasio-Cortez and President Joe Biden were published. A New York Post spokesperson confirmed in an email to CNBC that the posts resulted from a hack. Representatives for the president, Ocasio-Cortez and Adams didn't immediately respond to requests for comment. Content management system Wordpress, which enables publishing to the New York Post site, didn't immediately respond to comment, either. The company, which also uses WordPress, suspended its website immediately.

☆ News Corp. stock up, Fox shares down as investors weigh possible merger
▼ + stars: | 2022-10-17 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

Shares of News Corp. rose while Fox shares fell Monday as investors weighed the possibility of Rupert Murdoch's media companies recombining nearly decade after they split. The companies had announced Friday that they were exploring a merger, with each News Corp. and Fox saying they formed special committees to explore the possibility. News Corp. has a market capitalization of around $9.45 billion, while Fox Corp. is worth about $14.76 billion. Alphabet has a market cap of $1.32 trillion, Apple's market cap is $2.29 trillion and Amazon's market cap is $1.15 trillion. The source said Irenic would oppose the combination of News Corp. with Fox if the real estate arm remained undervalued.

☆ Top Fox News personalities face questioning as Dominion Voting's defamation lawsuit moves forward
▼ + stars: | 2022-09-02 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Alexi Rosenfeld | Getty ImagesNext week, Maria Bartiromo will join the parade of Fox personalities who are being called to answer questions in Dominion Voting Systems' defamation lawsuit against the network. Dominion has argued that Fox Corp. 's Fox News and Fox Business made false claims that its voting machines rigged the results of the 2020 election between Donald Trump and Joe Biden. But in December, the Delaware judge overseeing the Dominion case denied Fox News' request to have the case dismissed. Fox has asked the court to keep all of the collected materials private, claiming that Dominion mischaracterized what the documents show as actual malice. FOX Business' "Mornings With Maria" anchor Maria Bartiromo at Fox Business Network Studios on April 6, 2018 in New York City.

☆ The Tucker Carlson origin story
▼ + stars: | 1998-01-28 | by ( Aaron Short | ) www.businessinsider.com time to read: +57 min

Tucker Carlson is remembered as a provocateur and gleeful contrarian by those who knew him in his early days. It was Tucker Carlson. (Note on style: Tucker Carlson and the members of his family are referred to here by their first names to avoid confusion.) In 1979, Richard Carlson married Patricia Swanson, heiress to the Swanson frozen foods empire that perfected the frozen Salisbury steak for hassle-free dinners. Tucker Carlson attended St. George’s School, a boarding school starting at age 14.

Search resuls for: "The News Corp"

23 mentions found