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London CNN —Britain’s High Court ruled Friday that the Duke of Sussex’s court case against the publisher of the Daily Mail newspaper over alleged unlawful information gathering can continue. In the High Court ruling, Justice Nicklin said ANL failed to deliver a “knockout blow” to any of the claims brought by the claimants. “We intend to uncover the truth at trial and hold those responsible at Associated Newspapers fully accountable,” the statement continued. ANL said in a statement Friday that it continues to firmly deny the allegations brought against the firm. The statement described the accusations as “lurid claims” and “simply preposterous.”The suit is just one of several that the Duke of Sussex has brought against major UK newspaper publishers, including Rupert Murdoch’s News Group Newspapers and Mirror Group Newspapers.

Persons: Duke, ANL, Prince Harry, Elton John, Baroness Doreen Lawrence, Justice Nicklin, Elizabeth Hurley, Sadie Frost, Simon Hughes, David, Hamlins, “, Duke of Sussex, Rupert Organizations: London CNN — Britain’s, Daily Mail, Associated Newspapers Limited, PA Media, CNN’s Royal, Associated Newspapers, Rupert Murdoch’s News Group Newspapers, Mirror Group Newspapers

☆ White House calls on Fox News to apologize after top host’s ‘sickening’ Islamophobic rant
▼ + stars: | 2023-11-02 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

The right-wing television network has remained entirely silent amid fierce backlash stemming from Islamophobic comments made on its top-rated show, “The Five,” by one of its top hosts, Jesse Watters. In an astonishing and ugly rant, Watters on Wednesday said that he was fed up with Arab Americans and the entire Muslim world. As usual, Fox News hasn’t said a word about the hateful rant that streamed out of a top host’s mouth and into the homes of millions. And it’s not the first time that Watters has made abhorrent comments since the war between Israel and Hamas broke out. But in the charged environment we now find ourselves in, where hate against Muslim Americans is surging alongside anti-Semitism, it is particularly irresponsible and repugnant.

Persons: CNN —, Jesse Watters, Watters, ” Watters, you’re, —, ”, Fox News “, hasn’t, “, Rupert Murdoch’s, Tucker Carlson Organizations: CNN, CNN — Fox, Fox News, White, Fox, Hamas Locations: American, Israel, America

☆ Mitt Romney criticizes Fox News and right-wing media for warping Republican Party
▼ + stars: | 2023-10-19 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Mitt Romney, once the Republican Party’s standard-bearer, believes the right-wing media machine is at fault for much of the radicalization that has disfigured the GOP. In another excerpt, Romney expressed alarm at how prominent storylines in the right-wing media space demonized people that he believed should have been celebrated, such as an Olympian struggling with mental health. The warped political environment made Romney, once the archetype of its traditional conservative values, an outcast to right-wing media figures, which after a brief civil war, wholly embraced Trump following his election. But the call didn’t go well, with Hannity scolding Romney and accusing him of making certain comments to appease the mainstream press. “You’re just doing this because you want to get praise on MSNBC!” Hannity told Romney, according to the book.

Persons: Mitt Romney, McKay Coppins, “, ” Romney, Tucker Carlson, Romney, Donald Trump, Trump, Sean Hannity, Coppins, Hannity, “ You’re, ” Hannity, Hunter Biden, Carlson —, Sean, Tucker, Tucker —, ”, Mitt, Rupert Murdoch, Lou Dobbs fearmonger, Fox, “ Lou, “ Fox Organizations: CNN, Republican, GOP, Republican Party, Romney, Fox News, Trump, MSNBC, Fox Business Locations: Utah, “ Romney, Washington

☆ 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

☆ The difficult task of verifying truth in a war zone, especially now
▼ + stars: | 2023-10-16 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +6 min

A report of "40 beheaded babies" in Israel made the rounds last week as journalists worked to verify it. AdvertisementAdvertisementLast week, I was watching CNN and heard a someone describing the Hamas attacks on a kibbutz referencing 40 beheaded babies. The i24news' online story references "40 babies and young children" taken out on gurneys from the town of Kfar Aza. "I just wanted to clarify that I did not tweet 40 babies had been beheaded. Clearly fed up with the mess, BBC's Sardarizadeh, wrote on X, "War is not a game for retweets and likes on social media."

Persons: Claire Atkinson, —, Cooper, Nic Robertson, Robertson, Rashida, Kfar Aza, Marc Owen Jones, JK, Bel, Anna Botting, hadn't, Justin Peden, Sardarizadeh, Elon, Elon Musk, Thierry Breton, Musk, BBC's Sardarizadeh, Rupert Murdoch, She's, Atkinson Organizations: Media, Service, CNN, Fox, Fox News, The Independent, Sky News, Comcast, Times, The Media Locations: Israel, Kfar, Gaza

☆ 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

The company wants Kathaleen McCormick, chief judge on the court, to approve a fee of no more than $64 million. The attorneys represented a Detroit police union pension plan that sued Tesla's directors for excessive compensation during 2017 to 2020. Nearly all of the directors' compensation comprised stock options and they only got paid if the stock rose. The 2020 lawsuit settled in July with the directors agreeing to return to Tesla $735 million as part of a $919 million agreement. The difference in the two values boils down to the stock options.

Persons: Thomas Peter, Kathaleen McCormick, Elon Musk's, James Murdoch, Rupert Murdoch, Larry Ellison, Tesla, Tom Hals, Noeleen Walder, David Gregorio Our Organizations: REUTERS, Oracle Corp, Tesla, Detroit, Oracle, Thomson Locations: Beijing, China, WILMINGTON , Delaware, Delaware, Delaware's Court, Wilmington , Delaware

☆ Australia Voice referendum: Far from uniting the nation, the vote has revealed its priorities and prejudices
▼ + stars: | 2023-10-07 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +10 min

There would be a referendum within his first term to recognize Indigenous Australians in the constitution and create a permanent body – a Voice to Parliament – to allow them to speak directly to government. Yes voters are much younger, live in the inner-city and voted for the Labor Party or Greens. Paul Smith, Director Government and Social Australia, at YouGov says the young-old divide in this referendum indicates a generational difference in world view. Daniel Morrison-Bird has been door-knocking for months in Perth, Western Australia to convince people to vote Yes. Gerber said far from dividing the country, the Voice is an invitation from Indigenous Australians to form a closer relationship.

Persons: Anthony Albanese, –, ” Albanese, “, ”, Paul Strangio, Bianca De Marchi, Strangio, they’re pigeonholed, ’ ”, Paul Smith, Smith, Axel Bruns, Bruns, Asanka Ratnayake, D’sa, D’Sa, Daniel Morrison, Bird, they’ve, Morrison, “ You’ll, I’ve, He’s, “ I’ve, it’s, Paula Gerber, ” “, Gerber, “ We’ve Organizations: Australia CNN —, Australian, Monash University, Qantas, Liberal, National Party coalition, Labor Party, Greens, Government, Social Australia, Torres Strait Islanders, Digital Media Research, Queensland University of Technology, Sky News, Rupert Murdoch’s News Corporation, Voice Advisory Group, Corporation, Wungening Aboriginal Corporation, Indigenous Locations: Brisbane, Australia, United States, Britain, Sydney, Corporates, YouGov, Melbourne, United Kingdom, Portuguese, Australian, Perth, Western Australia

☆ 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

☆ Rupert Murdoch has been watching too much 'Succession,' Brian Cox — the actor who played Logan Roy — joked as he weighed in on the media tycoon stepping down
▼ + stars: | 2023-09-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Brian Cox spoke with the BBC about his thoughts on Rupert Murdoch stepping back from chair of News Corp.Cox recounted how Murdoch's son-in-law once asked if the "Succession" writers could "be a bit nicer." Cox, who played a character inspired by Murdoch, criticized the tycoon's ability to "manipulate" politics. Murdoch announced last Thursday he was stepping down from running Fox and News Corp, and handing the reins to his eldest son, Lachlan Murdoch. "I think he's been watching too much 'Succession,' clearly," Cox joked of Murdoch's decision, in the BBC interview. "He's probably the most tenacious human on God's earth," Cox said of Murdoch.

Persons: Brian Cox, Rupert Murdoch, Cox, Murdoch's, Murdoch, Lachlan Murdoch, didn't, Jerry Hall, ‘, Logan Roy, Elisabeth Murdoch, Rupert Murdoch's, Tony Blair, David Cameron, Rishi Sunak, He's Organizations: BBC, News Corp, Service, Fox, 9AM, Daily Telegraph, Corp Locations: Wall, Silicon, Scottish

☆ A Salute to Rupert Murdoch
▼ + stars: | 2023-09-24 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kyle Peterson, Mary O’Grady and Dan Henninger. Images: AP/Reuters Composite: Mark KellyRupert Murdoch announced Thursday that he’s resigning as chairman of his two media companies after seven consequential and highly successful decades. Few entrepreneurs have had a bigger impact on public life across the world, and allow us on the occasion to say a word about his role at the Wall Street Journal.

Persons: Kyle Peterson, Mary O’Grady, Dan Henninger, Mark Kelly Rupert Murdoch, he’s Organizations: Reuters, Wall Street

☆ Opinion: The 2,000-year-old advice for coping in 2023
▼ + stars: | 2023-09-24 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. A surprising number claimed to think about the ancient empire as often as ‘every day’ or least every week or two. It became a meme (are you even in a relationship if she hasn’t asked you about the Roman Empire? They marvel at their absolute dominion, their mastery of every strand of civilisation — and then how that power suddenly slipped away. Biden on Wednesday took steps to speed up the ability of Venezuelans in the US to obtain work permits.

Persons: CNN —, ”, Lucius Annaeus Seneca, Seneca, Caligula, Claudius, Nero, Bobby McFerrin’s musing, David M, Perry, hasn’t, Jo Ellison, —, Marcus Aurelius, that’s, David Perry, “ There’s, ” Perry, Paula M, Krebs, “, Donald Trump’s, Ron DeSantis, Trump, …, ’, ” Cupp, Roe, Wade, Cupp, he’s, Dean Obeidallah, Trump’s, Patrick T, Brown, Bill Bramhall, Content Agency Rupert Murdoch, Rupert Murdoch, Lachlan Murdoch, David Zurawik, Rupert, Murdoch, Roger Ailes, Richard Nixon, ” Murdoch “, Walt Handelsman, Kevin McCarthy, Max Burns, Donald Trump, today’s MAGA, ” Clay Jones, Chuck Schumer, Elena Sheppard, Sen, John Fetterman, baring, Fetterman, Kim Jong Un, Vladimir Putin, Kim Yo Jong, Sung, Yoon Lee, “ Kim Yo Jong, Kim, Kim Jong, ” “, Hunter Biden isn’t, Alexis Coe, George Washington’s, James Madison, Abraham Lincoln, Teddy Roosevelt, Ronald Reagan, George H.W, Bush, Hunter, … Hunter, Joe Biden, Biden, Peter Bergen, Mike Pence, … Biden, Bergen, ” Lisa Benson, Martin Sheen, Melissa Fitzgerald, Gurney, John F, Melissa, Andy, Michael Bociurkiw, ” Bociurkiw, Volodymyr Zelensky “, Zelensky, Lanhee J, Chen, ” Chen, Keir Giles, It’ll, Jennifer Wexton, Barbara Comstock, Alex Brandon, Jill Filipovic, Democrat “, ” Wexteon “, Eric Adams, Julian Zelizer . Biden, ” Don’t, David Horsey, Agency Frida Ghitis, Agatha Christie, China Adam H, Sobel, Holly Thomas, Russell Brand, Akanksha, Dan Perry, Gilead, Netanyahu government’s, Gene Seymour, Jann, Reggie B, Maren Morris, Matt Winkelmeyer, ” Maren Morris, Nicole Hemmer, Morris ’, Morris, Jason Aldean’s “, Oliver Anthony’s “ Rich, Richmond ”, “ Rich, ” Hemmer, Anthony himself, ‘, Hemmer Organizations: CNN, Financial Times, West Virginia University, Modern Language Association, WVU, West Virginia, Republican, Press, Florida Gov, White, Content Agency, Content Agency Rupert Murdoch Media, Fox News, Capitol, Agency, Democratic, fied Republican Party, Republican Party, Justice Department, Qatari, Amnesty International, Kennedy Center, UN, Assembly, CBS, Ukraine’s, Republicans, Democrat, Progressive Supra, GOP, Walton, Mobile, North, Richmond Locations: Rome, Ukraine, TikTok, Roman, Roman Republic, Washington, ”, Korean, North Korea, Iran, Qatar, Russia, Moscow, Kyiv, Dulles , Virginia, Virginia, New York City, United States, China, Las Vegas , Nevada

☆ Lachlan Murdoch backs Fox board role for former Australian PM who called climate change science 'absolute crap'
▼ + stars: | 2023-09-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Former Australian prime minister Tony Abbott has been nominated to Fox Corp's board of directors. The rightwing politician is a controversial figure who's called climate change science "absolute crap." The nomination came just a day after Lachlan Murdoch took the reins of the Fox media empire. Abbott and Johnson "bring skills, experience and perspectives that will contribute to the board and benefit Fox," Lachlan Murdoch said in a press release. A representative for Lachlan Murdoch declined to comment, and Abbott did not immediately respond to a request for comment from Insider, made outside normal working hours.

Persons: Tony Abbott, Lachlan Murdoch, Rupert Murdoch, Lachlan, Peggy Johnson, Abbott, Johnson, Murdoch, He's, Microsoft Abbott, Anne Dias, Jacques Nasser Organizations: Fox, Service, Media, News Corp, Liberal Party, Murdoch, Australian, Bloomberg, UK Board of Trade, Sydney Morning Herald, Microsoft Locations: Wall, Silicon

For Lachlan Murdoch, this moment has been a long time coming. On Thursday, his father Rupert Murdoch announced that in November he'll step down as the head of his two media companies: News Corp. and Fox Corp. Lachlan will become the chair of News Corp. while remaining chief executive and chair at Fox Corp., the parent of Fox News Channel. In Murdoch World, as in the fictional world of the Roy family, seemingly sure things can go sideways in an instant, particularly when unexpected opportunities arise. Lachlan Murdoch has lived that first hand. Lachlan Murdoch has drawn criticism from media watchdogs for what many called Fox News' increasingly conspiratorial and misinformation-promoting broadcasts.

Persons: Lachlan Murdoch, Rupert Murdoch, Lachlan, James, Elisabeth, Rupert, Rupert Murdoch's, ”, Roy, Paddy Manning, Roger Ailes, ” Manning, “, I'm, Murdoch, Manning, Lachlan Murdoch's, James ., Ailes, Fox, Smartmatic, Kathryn Murdoch Organizations: News Corp, Fox Corp, Fox News Channel, Murdoch, Princeton, Fox News, News, British, Voting Systems, AP Locations: London, New York City, Australia, Australian, U.S

☆ Rupert Murdoch's 2023 pay at Fox swells 24% to $22.9 million
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

Media mogul Rupert Murdoch leaves his home in London, Britain March 4, 2016. Murdoch wed former supermodel Jerry Hall in a low-key ceremony in central London on Friday, the fourth marriage for the media mogul. REUTERS/Stefan Wermuth/File Photo Acquire Licensing RightsCompanies Fox Corp FollowNews Corp FollowSept 22 (Reuters) - Fox Corp's (FOXA.O) former chairman Rupert Murdoch's total compensation for 2023 climbed more than 24% to $22.9 million, a regulatory filing showed on Friday. At Fox, his 2023 compensation includes an annual base salary of $5 million and about $7.6 million in stock awards and options. Lachlan's compensation at Fox stands at $21.8 million for 2023, little changed from last year's $21.7 million.

Persons: Rupert Murdoch, Murdoch, Jerry Hall, Stefan Wermuth, Fox, Rupert Murdoch's, Lachlan Murdoch, Tony Abbott, Peggy Johnson, Deborah Sophia, Pooja Desai Organizations: Companies Fox Corp, News Corp, Fox, Tony Abbott AC, Thomson Locations: London, Britain, Bengaluru

But the executive transition does not settle another potential power play that could occur upon Rupert Murdoch’s death, as framed by a document called the Murdoch Family Trust. It is the vehicle through which the elder Murdoch controls News Corp and Fox Corp, through a roughly 40% stake in voting shares of each company. The Murdoch Family Trust has eight votes: four of which are controlled by Murdoch, and the remaining four controlled by the four children from his first two marriages. Upon succession, the four older children will equally inherit Murdoch’s voting shares in the trust, according to Alice Enders, Head of Research at Enders Analysis. The shares in Fox and News Corp owned by Murdoch’s children through the trust are a combination of both classes of shares.

Persons: Rupert Murdoch, Lachlan, Mike Blake, Lachlan Murdoch, Rupert Murdoch’s, Murdoch, Prudence, Elisabeth, James –, Murdoch’s, Chloe, Grace, Wendi Deng, Alice Enders ,, “ It’s, ”, Enders, “, Helen Coster, Stephen Coates Organizations: Fox Executive, Allen, REUTERS, News Corp, Corp, Fox Corp, Trust, The, Alice Enders , Head, Research, Enders Analysis, Fox, Thomson Locations: Sun Valley , Idaho, Murdoch, The Reno , Nevada, Melbourne, New York

Lachlan Murdoch and his siblings attended Dalton, a private school on Manhattan’s Upper East Side, and other elite schools, including Trinity School. In 1999, Lachlan Murdoch assumed responsibility for print operations in the U.S. [1/3]Then Newscorp chairman Rupert Murdoch and son Lachlan Murdoch in the crowd before Super Bowl LI at NRG Stadium in Houston, Texas, U.S., February 5, 2017. The newly constituted Fox was reduced to a handful of assets, including the Fox broadcast network, Fox News, Fox Sports and Fox Business, with Lachlan Murdoch serving as its executive chair and chief executive officer. As chief executive of Fox Corp since 2019, Lachlan Murdoch has presided over the media properties during seismic change in the industry, as viewers cut cable subscriptions in favor of streaming services.

Persons: Lachlan Murdoch, Rupert Murdoch, Murdoch, Rupert Murdoch’s, Anna, Australian Broadcasting Corp’s, Paddy Manning’s, “, Lachlan, James, Dalton, Manning, Robert Deutsch, Walt Disney, Brother James Murdoch, Chris Mitchell, ”, James Murdoch, Kathryn, Fox, Donald Trump, Dawn Chmielewski, Helen Coster, Kenneth Li, Nick Zieminski Organizations: News Corp, Fox Corp, Wall Street Journal, Fox News, Sun, Fox Sports, Fox Entertainment, Australian Broadcasting, New, New York Post, The New York Times, Daily News, Wall Street, San Antonio Express, Monopoly, Trinity School, Trinity Conservative Society, Princeton, News Ltd, U.S ., New York, Century Fox, Walt, Fox, Fox Business, Disney, New York Times, Daily, Dominion Voting Systems, Thomson Locations: Australia, United States, London, New York, U.S, Illyria, NRG, Houston , Texas, Los Angeles

☆ Rupert Murdoch’s Retirement Raises the Curtain on His Last Act
▼ + stars: | 2023-09-22 | by ( Benjamin Mullin | More About Benjamin Mullin | ) www.nytimes.com time to read: 1 min

Rupert Murdoch’s announcement on Thursday that he was stepping back from day-to-day oversight of his media empire cleared the way for his eldest son, Lachlan, to claim sole oversight of the businesses. The move made it clear that Rupert Murdoch would like to see Lachlan run the companies. But it didn’t answer the question of who will control the trust that votes the family’s shares after the elder Mr. Murdoch, 92, dies. At that point, his four eldest children will have to work out his ultimate successor among themselves — and they appear to be divided. Hours after Mr. Murdoch’s announcement on Thursday, some media executives who have worked with him argued that Mr. Murdoch would not have stepped down without some greater gambit in mind that further solidifies Lachlan’s control over the companies.

Persons: Rupert Murdoch’s, Lachlan, Rupert Murdoch, Murdoch

☆ CNBC Daily Open: Dispelling the AI hallucination
▼ + stars: | 2023-09-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The pan-European Stoxx 600 slumped 1.3% amid a flurry of central bank decisions. Sweden hiked rates by 25 basis points to 4%; Norway raised its rate from 4% to 4.25%; Switzerland kept rates unchanged. SuccessionRupert Murdoch is stepping down as chairman of the board of Fox Corp and News Corp in November.

Persons: Rupert Murdoch, Lachlan Murdoch, Steve Eisman, that's Organizations: CNBC, of England, Cisco, Fox Corp, News Corp, Fox News, Systems, Valley Bank Locations: Sweden, Norway, Switzerland, Turkey

☆ Podcast: What's next for Murdoch's media empire
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

President Joe Biden promises more aid for Ukraine but must overcome opposition from Republican hardliners. Rupert Murdoch steps down as chairman of Fox and News Corp. Go behind the scenes of Reuters' coverage of the Libya floods. Plus, we visit the flea market in L.A. where striking actors and writers look for other ways to pay the rent. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising.

Persons: Joe Biden, Rupert Murdoch, Biden Organizations: Apple, Google, Reuters, Republican, Fox, News Corp, Go, Thomson, Auto, Detroit, Lachlan Striking Hollywood Locations: Ukraine, Libya, L.A, Washington

☆ Semafor's Ben Smith explains why he has doubts Rupert Murdoch is really stepping down
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSemafor's Ben Smith explains why he has doubts Rupert Murdoch is really stepping downBen Smith, Semafor editor-in-chief, joins 'Squawk Box' to discuss news of Rupert Murdoch stepping down from his roles as chairman of Fox and News Corp., why he doubts the 92-year-old media mogul is really leaving, the ensuing succession drama, and more.

Persons: Semafor's Ben Smith, Rupert Murdoch, Ben Smith Organizations: Fox, News Corp

☆ Morning Bid: Edgy market calm after worst day of 2023
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +5 min

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. World stocks captured by MSCI's all-country index (.MIWD0000PUS) recorded their worst day of the year so far - dropping 1.69%. The yen fell back again but the dollar/yen rate remained below Thursday's 2023 high of 148.45. The pound hit its lowest level since March and 10-year British gilt yields fell to their lowest level since July. Elsewhere, oil prices nudged higher again on Friday as concerns that a Russian ban on fuel exports could tighten global.

Persons: Sarah Silbiger, Mike Dolan Punch, Rupert Murdoch, Lisa Cook, Susan Collins, Neel Kashkari, Mary Daly Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Bank of Japan, Fed, European Central Bank and Bank of England, Treasury, Sterling, of, Activision Blizzard, Markets Authority, Ubisoft, Cisco Systems, Cisco, Fox Corp, News Corp, JPMorgan, Federal Reserve, Boston, Minneapolis Fed, San Francisco Fed, Reuters Graphics Reuters, Reuters, Thomson Locations: Washington ,, U.S, Australia, Britain, United States, India

☆ Rupert Murdoch's exit ends chapter for polarising figure in his native Australia
▼ + stars: | 2023-09-22 | by ( Byron Kaye | ) www.reuters.com time to read: +5 min

Even at a time when media consumption is splintering from traditional routes, particularly among younger people, Murdoch's influence is embedded in the country's information ecosystem because of its massive reach, media experts said. His local properties include Sky News Australia, a cable TV channel fashioned on the partisan style of U.S. network Fox News. "The Murdoch papers still have that key reach with working-class demographics that can still be influential," he said. "He has been in lots of ways a controversial figure, but an influential figure too, and this is an end of an era at News." Murdoch's exit cuts a native tie between News Corp and Fox Corp and Australia, where Murdoch was born.

Persons: Rupert Murdoch, Jonathan Ernst, Rupert Murdoch's, Stephen Mayne, Murdoch, Mayne, Shane Homan, Honan, Jim Chalmers, Chalmers, Penny Wong, Malcolm Turnbull, it's, Turnbull, Lachlan Murdoch, James Murdoch, Byron Kaye, Jamie Freed Organizations: USS, Air, Space Museum, REUTERS, Rights, Fox Corp, News Corp, Sky News Australia, Fox, Sky, Monash, Australian Broadcasting Corp, Labor, Labor Party, News, America, ABC, Google, Thomson Locations: New York, U.S, Adelaide, Australia, Britain, Australian, Sydney, Canada

LONDON (AP) — Before he hit America, Rupert Murdoch ripped through Britain’s media like a tornado. But politicians from both right and left courted and feared Murdoch, who added The Times and Sunday Times to his stable in 1981. Like other politicians, Blair denied giving Murdoch anything in return for his support — though plenty of skeptics doubted that. For now, Rupert Murdoch remains a magnet for the powerful, and those who seek power, in Britain. The guest list for his summer party in June included Prime Minister Rishi Sunak, many members of his Cabinet and opposition Labour Party leader Keir Starmer.

Persons: Rupert Murdoch, Lachlan, Murdoch, Boris Johnson, “, Nathan Sparkes, Murdoch “, Jeremy Corbyn, Jeremy Hunt, Britain’s, couldn’t, ”, Jacques Delors, Margaret Thatcher, Thatcher’s, John Major, Sun wot, Tony Blair’s, Blair, ” Blair, Andy Coulson, Prince Harry, Lachlan Murdoch, Rishi Sunak, Keir Starmer, James, Kathryn Murdoch Organizations: Fox, News Corp, Times, ”, Labour Party, Treasury, LBC, BBC, European, Argentine, Liverpool, Sunday Times, Thatcher’s Conservative, Sun, Blair’s Labour Party, Murdoch’s News Corp, The Sun, Sky Television, Premier League soccer, Sports, BSkyB, Comcast, AP Locations: London, Australian, Britain, British, Hillsborough, ___

[1/2] Republican presidential candidate Donald Trump (R) speaks to media mogul Rupert Murdoch as they walk out of Trump International Golf Links in Aberdeen, Scotland, June 25, 2016. "This provides an opportunity for a reset between President Trump and the Fox News network," Republican strategist Ron Bonjean said of Lachlan Murdoch's appointment. "The question is: does Lachlan Murdoch want to have a positive relationship with former President Donald Trump? Fox News did not immediately respond to a request for comment about political coverage under Lachlan Murdoch. Stuelpnagel said he believed the high cost of the Dominion lawsuit might make Lachlan Murdoch tread carefully on Trump coverage.

Persons: Donald Trump, Rupert Murdoch, Carlo Allegri, Rupert Murdoch's, Trump, Fox, Rupert Murdoch's son, Lachlan Murdoch, Biden, Ron Bonjean, Lachlan Murdoch's, Bret Baier, Jason Osborne, Osborne, Hillary Clinton, Larry Stuelpnagel, Dan Cassino, Karen Finney, Finney, Stuelpnagel, Lachlan, Tim Reid, Nathan Layne, Alexandra Ulmer, Heather Timmons, Jamie Freed Organizations: Republican, Trump, REUTERS, Fox Corp, News Corp, Fox News, Dominion, Systems, Fox, Republicans, Social, America News Network, Northwestern University, Fairleigh Dickinson University, Democratic, Thomson Locations: Aberdeen, Scotland, American, New Jersey

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