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CNN —Harvey Weinstein was “rushed” to Bellevue Hospital in New York on Sunday night “due to several medical conditions,” according to representatives for the disgraced former movie producer. “We can confirm that Mr. Weinstein had a procedure and surgery on his heart today,” Weinstein’s spokesman Juda Engelmayer and prison consultant Craig Rothfeld said in a statement to CNN on Monday. “As we have extensively stated before, Mr. Weinstein suffers a plethora of significant health issues that need ongoing treatment,” they added. Weinstein has experienced a number of health problems in recent years and has appeared in court in a wheelchair. He was sentenced to 23 years in prison, but his conviction was overturned on appeal in April.

Persons: CNN — Harvey Weinstein, “, ”, Weinstein, Juda Engelmayer, Craig Rothfeld Organizations: CNN, Bellevue Hospital, Manhattan, Attorney’s Locations: New York, Los Angeles

☆ Peter Nygard: Former Canadian fashion mogul sentenced to 11 years for sexual assault
▼ + stars: | 2024-09-09 | by ( Story Ap | ) edition.cnn.com time to read: +3 min

Former Canadian fashion mogul Peter Nygard was sentenced Monday in a Toronto courtroom to 11 years in prison for sexually assaulting four women. Nygard was found guilty of four counts of sexual assault in November but acquitted of a fifth count as well as one count of forcible confinement. He faces separate sexual assault and sex trafficking charges in Montreal, Winnipeg and the United States. All five women said their meetings or interactions with Nygard ended with sexual activity that they did not consent to. John Aquino/WWD/Penske Media/Getty Images/FileNygard founded a fashion company in Winnipeg, Manitoba, in 1967 that ultimately became Nygard International.

Persons: Peter Nygard, Robert Goldstein, Nygard, Goldstein, ” Nygard, John Aquino, David Lametti Organizations: Penske Media, Nygard International, U.S, FBI Locations: Canadian, Toronto, Montreal, Winnipeg, United States, Winnipeg , Manitoba, Canada, New York City, New York, Manitoba’s

Murdoch is one of the most powerful and influential media titans of the modern age. The palace intrigue inside the Murdoch family has often lent itself to breathless public fascination, inspiring the HBO series “Succession” and behind-the-scenes books. The family is divided partly by differences in political opinion — and how those beliefs could shape the future of its sprawling media empire. Lachlan Murdoch, who took over as chairman of Fox Corp. and News Corp. last September, tends to be more aligned with his father’s conservative worldview. James Murdoch, Elisabeth Murdoch and Prudence Murdoch are believed to be more politically moderate.

Persons: Rupert Murdoch’s, Murdoch, Lachlan, — James, Elisabeth, Prudence —, Alicia L, Gary A, Adam Streisand, Donald Trump, ”, Lachlan Murdoch, James Murdoch, Elisabeth Murdoch, Prudence Murdoch, Kamala Harris ’, “ Rupert Murdoch, Reece Peck, “ Organizations: Fox News, Street, NBC News, The New York Times, Fox Corp, News Corp, Federal, Commission, Democratic, The, The Times, Fox, Trump, Dominion Voting Systems, City University of New York, College of Staten Locations: Washoe, Reno , Nevada, Reno, American, College of Staten Island

☆ Trump will mimic Harvey Weinstein's successful appeal to fight his own sexual-assault verdict Friday. It won't be as easy.
▼ + stars: | 2024-09-05 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

The judge who oversaw the trial later said: "Trump 'raped' her as many people commonly understand the word 'rape.'" AdvertisementBut the lawyers who won Weinstein's appeal told Business Insider that what worked for their client probably wouldn't work for Trump. In the May 2023 verdict, the jury found Trump liable for sexual abuse and defamation and awarded Carroll $5 million in damages. In the second trial, earlier this year, a separate jury said Trump owed Carroll an additional $83 million in defamation damages. AdvertisementInstead, it needed to find it was "more probable than not" that Trump sexually assaulted Carroll, a standard far more common in civil cases.

Persons: —, Donald Trump, Trump, Jean Carroll, Harvey Weinstein, John Sauer, he'll, Carroll, Sauer, It's, Weinstein, Barry Kamins, Kamins, Marci Hamilton, Goodman, Lewis Kaplan, Jessica Leeds, Natasha Stoynoff, Brittainy Newman, Diane Kiesel, Stoynoff, you've, Kaplan, Roberta Kaplan, Roberta Kaplan's, Jane Rosenberg Trump's, Arthur Aidala, shouldn't Organizations: Service, Business, Appeals, 2nd, Mar, New York state's, Trump, Hollywood, Child USA, New, Leeds, York state's, Stoynoff, New York Law School, REUTERS Locations: Manhattan, Lago, New York, Los Angeles, Brooklyn, Aidala, York, Leeds, Bergdorf's, Carroll, Carroll's, Hamilton

When the media executive Edgar Bronfman Jr. submitted his last-ditch bid on Monday to take control of Paramount, his approach was greeted with surprise and skepticism. Who would take his unconventional coalition of investors seriously, especially when an $8 billion deal with Skydance was on the table? The bid has transformed Paramount’s sale into a battle of family dynasties. But the deal is now threatened by the bid from Bronfman — a grandson of the Seagram mogul Samuel Bronfman — whose early foray steering the family business into media several decades ago has left a cloud over his career. The son of one billionaire is now pitted against the son of another.

Persons: Edgar Bronfman Jr, Skydance, David Ellison, Larry Ellison, Shari Redstone, Bronfman, Samuel Bronfman —, “, ” Terry Kawaja Organizations: Paramount, Oracle, Seagram, Luma Partners

☆ Barbara Corcoran says to forget about interest rates, 'get out there' and buy a home
▼ + stars: | 2024-08-23 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Barbara Corcoran wants homebuyers to stop thinking so much about mortgage rates and enter the housing market. Corcoran is also widely known as one of the original sharks on ABC's "Shark Tank," having appeared in all 15 seasons of the show. In an August interview with Bloomberg Television, Corcoran spoke candidly about the housing market and why she thinks potential homebuyers are wasting time waiting for interest rates to come down. "Wait until you see what happens with prices when interest rates come down another percentage point," she added. Corcoran's advice follows news that mortgage rates are starting to drop.

Persons: Barbara Corcoran, homebuyers, Corcoran Organizations: Bloomberg Television, Mortgage News

☆ What to Know About the Business Execs With Mike Lynch on His Yacht
▼ + stars: | 2024-08-23 | by ( Michael J. De La Merced | ) www.nytimes.com time to read: +1 min

The corporate world reeled this week after a superyacht carrying the British software mogul Mike Lynch, his family and associates and others sank on Monday during a violent storm off the coast of Sicily. Of the 22 people on the yacht, 15 were rescued and seven bodies were recovered, including that of Mr. Lynch, an official in the Italian city of Palermo confirmed. The bodies of two other prominent business figures — Christopher J. Morvillo, a top white-collar defense lawyer, and Jonathan Bloomer, the chairman of Morgan Stanley International — were among those recovered. Others who were missing but whose bodies have now been recovered are Hannah Lynch, Mr. Lynch’s 18-year-old daughter; Mr. Morvillo’s wife, Neda Morvillo; and Mr. Bloomer’s wife, Judy Bloomer. Image Christopher J. Morvillo in New York in 2011. Credit... Scott Eells/BloombergChristopher MorvilloMr. Morvillo, 59, was a partner at Clifford Chance, the international law firm.

Persons: Mike Lynch, Mr, Lynch, — Christopher J, Jonathan Bloomer, Morgan Stanley, —, Hannah Lynch, Lynch’s, Morvillo’s, Neda, Bloomer’s, Judy Bloomer, Recaldo Thomas, Christopher J, Morvillo, Scott Eells, Bloomberg Christopher Morvillo Mr, Clifford Chance, Robert, Martha Stewart Organizations: Morgan, Bloomberg Locations: British, Sicily, Italian, Palermo, New York

Byron Allen, founder, chairman, and CEO of Entertainment Studios and Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Allen Media Group owns broadcast stations in more than 20 markets between ABC, CBS and NBC affiliates, according to the group's website. Representatives for Allen Media Group declined to address the details of this story but said in a statement: "Mr. Allen started Allen Media Group 31 years ago from his dining room table. Allen Media Group is now one of the largest and fastest growing privately-held media companies in the world and is 100 percent Black-owned. Allen Media Group remains strong, and we continue to prudently manage our partner relationships as we have always done over our 31-year history," the statement says.

Persons: Byron Allen, Byron Allen —, Allen, Mr Organizations: Entertainment Studios, Allen Media Group, Milken Institute Global Conference, CNBC, ABC, CBS, NBC, NFL, Allen Media Locations: Beverly Hills , California, Midwest, Southeast, West Coast, Hawaii

☆ What ‘It Ends With Us’ Says About the Blake Lively Brand
▼ + stars: | 2024-08-11 | by ( Esther Zuckerman | ) www.nytimes.com time to read: +1 min

Blake Lively’s hair is like a character unto itself in the new romantic drama “It Ends With Us.”Her thick mane shapeshifts with her role, Lily Bloom, a flower shop owner who falls in and out of love with an abusive neurosurgeon. Lively’s hair, dyed a soft ginger, is artfully messy when she gets her hands dirty starting up the store. You could say Blake Lively’s hair is a tool she uses to sell her performance, but her performance is also a tool she uses to sell her hair. Those who are impressed with her locks in “It Ends With Us” can learn from her Instagram that she recently debuted a line of hair-care products called Blake Brown. In many ways “It Ends With Us” is a brand-building exercise for Lively.

Persons: Blake, Lily Bloom, Blake Brown, Brown, Lively, Justin Baldoni, Colleen Hoover Locations: “

☆ Work Culture at the Gates Foundation: Bill Gates Was Domineering, Inspired Fear
▼ + stars: | 2024-08-09 | by ( Anupreeta Das | ) www.businessinsider.com time to read: +10 min

Every year, Bill Gates — and, until she left, Melinda French Gates — would hold multiple meetings with executives of the Gates Foundation to approve plans and budgets, and review strategies. For many, the meeting might be the only direct opportunity to interact with, and impress, Gates and French Gates. AdvertisementGates and French Gates followed the presentations closely, usually saving questions for the end. The former couple sought to maintain a professional relationship, giving themselves at least two years to see if they could work together, with the understanding that French Gates would leave if they couldn't. One former senior employee compared the style of discussion to the Socratic method, often used in law schools by professors who push students to reasoning through dialogue.

Persons: Bill Gates —, Melinda French Gates, Gates, Louis XIV, —, opprobrium, Gates —, Bill Gates, Simon, It's, Melinda weren't, hasn't, Warren Buffett —, outargue Gates, seethed, Anupreeta Das Organizations: Gates Foundation, Business, Employees, Avid Reader Press, Simon & Schuster, Inc, HBO, Microsoft Locations: French Gates, Versailles, Gates

☆ Trump, Harris deploy running mates to wage class warfare over 'what Middle America is'
▼ + stars: | 2024-08-08 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +6 min

Tim Walz, the Democratic vice presidential candidate, speaks during a campaign rally with Democratic presidential candidate Vice President Kamala Harris, in Philadelphia, Aug. 6, 2024. Kevin Lamarque | ReutersWith their running mate selections, former President Donald Trump and Vice President Kamala Harris have opened up a new front in the battle for the White House: winning over the average Joe. The Democratic vice presidential candidate, Minnesota Gov. As news outlet NOTUS put it: "Kamala Harris Has a Scranton Problem." Joe Raedle | Getty ImagesA Harris campaign spokesman declined to comment on the Trump campaign's email.

Persons: Tim Walz, Kamala Harris, Kevin Lamarque, Donald Trump, Joe, Trump, Harris, haven't, Republican Sen, JD Vance, Ohio, Walz, Vance, JD, Sen, Adam Bettcher, " Walz, Walz's, Brendan Smialowski, It's, William Howell, Howell, Joe Biden, Minnesota Gorvernor Tim Walz, Tiffany, Kamala pisses, Joe Raedle Organizations: Minnesota Gov, Democratic, Reuters, White, San, Democratic Minnesota Gov, Republican, Yale, NMC, Wollard, Getty, Silicon, Afp, University of Chicago, Minnesota, U.S . Marine Corps, Yale Law School, Senate, Trump, Mar Locations: Minnesota, Philadelphia, San Francisco, Eau Claire , Wisconsin, America, Nebraska, Michigan, University's, Scranton , Pennsylvania, California, Scranton, Philadelphia , Pennsylvania, U.S, Ohio, Palm Beach , Florida

☆ Pressure mounting on Warner Bros. Discovery CEO David Zaslav to deliver value for shareholders
▼ + stars: | 2024-08-08 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Discovery CEO David Zaslav needs a win. Since merging Discovery with WarnerMedia in 2022 and immediately slashing billions in costs, Zaslav has struggled to convince shareholders that his company is a worthy investment. Warner Bros. Discovery shares have fallen about 70% since April 8, 2022, the day the merger closed. Making matters worse for him, Zaslav has long been one of the highest paid CEOs in the country.

Persons: David Zaslav, Zaslav, Chris Licht, John Malone, That's, WarnerMedia, Robert Fishman Organizations: Warner Bros, Discovery, CNN, Boston, NBA, Warner Bros . Discovery Locations: U.S

☆ How the super-rich are building their luxury ‘safe house’ bunkers
▼ + stars: | 2024-08-07 | by ( Simon Usborne | ) edition.cnn.com time to read: +8 min

Yet it’s no longer enough for the security-conscious billionaire to stick an impenetrable safe room in the basement where it might sit empty forever. Courtesy SAFEThe house itself, Corbi said in an interview via Zoom, is ultra-secure with the blast-proof doors, unbreakable windows and biometric door-entry systems. Even 50 years ago, he says traditional bunkers looked like high-end hotels — “kind of like the Ritz Carlton, underground”. For hundreds of thousands, prefabricated modular steel bunkers can be dropped into the ground under a new-build house. The days when you can throw a first aid kit in a prefab bunker and say you’re safe are long gone.”

Persons: “ We’ve, ”, Al Corbi, ” Corbi, Mukesh Ambani, Anant, Corbi, Mark Zuckerberg, Bill Gates, Noemi Cassanelli, CNN Graham Harris, Harris, they’re, Covid, Naomi Organizations: CNN, SAFE, Ritz, Carlton, Ritz Carlton, Creative Home Engineering Locations: Virginia, Mumbai, Hawaii, London, Highgate, Arizona —

☆ JD Vance: Get ready for even more of Trump’s running mate after shaky rollout
▼ + stars: | 2024-08-01 | by ( Steve Contorno | Alayna Treene | ) edition.cnn.com time to read: +10 min

CNN —JD Vance is making a second pass at introducing himself to America as the Ohio senator attempts to put his uneven rollout as Donald Trump’s running mate in the rearview mirror. Vance is also expected to begin holding news conferences with reporters as early as this week, the source said. At a closed-door fundraiser in Oklahoma City last week, Trump’s finance team was hoping the former president’s new running mate would raise $1 million. The campaign was well aware of Vance’s past criticisms of Trump and the deeply anti-abortion views he vocally defended. Still, people close to both Trump and Vance argue that America has yet to learn how effective the Ohio senator can be when in the spotlight.

Persons: CNN — JD Vance, Donald Trump’s, Vance, he’s, Trump, Kamala Harris ’, “ Kamala Harris, ” Vance, we’re, Vance hasn’t, deriding, Taylor Swift, Ben Shapiro, Dave Portnoy, ”, fides, ” Portnoy, Trey Gowdy, Liam Donovan, Yale Law School –, “ They’re, ” Donovan, “, ” Trump, Kamala Harris, tickled Trump, Florida Sen, Marco Rubio, ” Rubio, Doug Burgum, Rupert Murdoch, Gowdy, Sen, Tim Scott, Shapiro, Ron DeSantis, Kevin Roberts, Roberts, William Martin, Vance “, San Francisco Pride, Antonin Scalia, MAGA Organizations: CNN, Trump, trashing, America, Republican, Barstool Sports, Fox News, South, Marines, Yale Law School, “ CNN, JD, United States Marine Corps, Privately, GOP, North Dakota Gov, Florida Gov, The New York Times, Heritage Foundation, New York Times, San Francisco, Supreme Locations: America, Ohio, – Nevada, , Arizona, Georgia, Mexico, Henderson , Nevada, South Carolina, Minnesota, Iraq, United States, Florida, Oklahoma City, Fort Wayne , Indiana

☆ CrowdStrike extends post-outage losses to 34% on report Delta has hired a lawyer to seek compensation
▼ + stars: | 2024-07-30 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

The stock fell as much as 13% on Tuesday alone after heavily-hit Delta reportedly hired a lawyer. No suit has been filed, but Delta plans to seek compensation from CrowdStrike, CNBC said. The continued fallout comes after CNBC reported that Delta hired attorney David Boies — chairman of Boies Schiller Flexner — to seek compensation for outage-related damages, according to CNBC. AdvertisementDelta's earnings will drop an estimated $350 million to $500 million this quarter as a result of the outage, according to Bloomberg. Following the Friday outage, Delta still canceled hundreds of flights on Tuesday, by when most other airlines had resumed normal operations.

Persons: —, David Boies —, Boies Schiller, Boies, Elizabeth Holmes, Al Gore, Harvey Weinstein Organizations: Delta, CNBC, Service, Hollywood, Microsoft, Bloomberg, United Locations: CrowdStrike, Delta, FlightAware

☆ CrowdStrike shares plunge 11% to lowest level of the year on report that Delta may seek damages
▼ + stars: | 2024-07-30 | by ( Katie Bartlett | ) www.cnbc.com time to read: +1 min

CrowdStrike shares fell tumbled 11% on Tuesday to their lowest level of the year following a report that Delta Air Lines hired prominent attorney David Boies to seek damages from the security software vendor. CrowdStrike fell $28.98 to $228.83 as of early afternoon trading. Late Monday, CNBC's Phil Lebeau reported that Delta hired Boies, chairman of Boies Schiller Flexner, to seek compensation from CrowdStrike and Microsoft . No suit has been filed, Lebeau reported, and Delta didn't respond to a request for comment. The Department of Transportation said last week that it's investigating Delta due to the widespread flight disruptions and service failures.

Persons: CrowdStrike, David Boies, CNBC's Phil Lebeau, Boies, Boies Schiller, Lebeau, Harvey Weinstein, Elizabeth Holmes Organizations: Delta Air Lines, Microsoft, Delta, Department of Transportation, U.S, Hollywood

☆ ‘I don’t have a budget’: Why people are going into debt to travel
▼ + stars: | 2024-07-29 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

The majority of those going into debt do so by charging travel expenses on a credit card, with 20% of respondents saying they would rather skip a credit card payment and put the money toward a vacation. The mindset is “‘I can’t buy a house, I’m not sure I can afford college or grad school, so I might as well go to Spain and backpack. ”They think (credit card debt) is not as risky as it is. They don’t care so much about not getting into debt.”King adds that social media has changed the way many people think about travel. “Eventually, if I’m going to get a house, I’ll get a house.

Persons: CNN — “, ”, Lisa Fraser, “, Elizabeth Currid, Halkett, Tim Gurner, something’s, I’m, ’ ” Alex King, they’re, Fraser, FOMO, King, It’s, I’ll Organizations: CNN, University of Southern, United Locations: Taipei, Budapest, New York, University of Southern California, Spain, Hong Kong

Ackman delays his big betMonday isn’t going to be the day that Bill Ackman prices the I.P.O. of his Pershing Square USA investment vehicle, as had been planned. But the long-awaited fund, whose investors will probably include many who follow Ackman’s provocations on social media, is still coming, it says. The context: Pershing Square USA is a so-called closed-end fund that’s raising money to make the sort of concentrated investments that Ackman is now known for. The fund had faced big expectations after Ackman set an initial I.P.O.

Persons: Bill Ackman, Ackman Organizations: Pershing Square USA, Pershing

Delta Air Lines has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations. CrowdStrike shares fell as much as 5% in extended trading on Monday after CNBC's Phil Lebeau reported on Delta's hiring of Boies, chairman of Boies Schiller Flexner. On July 19, a software update from CrowdStrike led to a historic outage of Microsoft systems, knocking numerous industries offline. While no suit has been filed, Delta plans to seek compensation from Microsoft and CrowdStrike, Lebeau reported. Insurance startup Parametrix estimated that the CrowdStrike incident resulted in a total loss of $5.4 billion for Fortune 500 companies, not including Microsoft.

Persons: David Boies, CNBC's Phil Lebeau, Boies Schiller, CrowdStrike, Lebeau, Delta hasn't, Harvey Weinstein, Elizabeth Holmes Organizations: Delta Air Lines, Microsoft, Airlines, Department of Transportation, Delta, U.S, Hollywood, Insurance, Fortune

☆ Venus atmosphere shows potential signs of life — again
▼ + stars: | 2024-07-29 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

“We’re a long way from saying this, but if there is life on Venus producing phosphine, we have no idea why it’s producing it. So finding them in the atmosphere of Venus is interesting on that basis as well. But further analysis of that data by Clements’ team revealed weak traces of the molecule, reinforcing the theory. “To date, our analyses remain unchallenged in the literature,” said Mogul, who was not involved in the research of Clements’ team. While detecting phosphine and ammonia in Venus’ clouds is exciting, it is just the beginning of a longer journey to unravel the mysteries of that planet’s atmosphere, he said.

Persons: James, Maxwell, “ There’s, ”, Dave Clements, “, we’ve, Clements, ” Clements, Venus, Clements ’, Rakesh Mogul, Jane Greaves, NASA's, ” Greaves, Greaves, Javier Martin, Torres, Martín, Kate Pattle, ” Pattle, Pattle Organizations: CNN, Astronomical Society, Imperial College London, NASA, JPL, Caltech, Saturn, Venus, Telescope, California State Polytechnic University, ” Mogul, Cardiff University, Green Bank, Royal Astronomical Society, European Space Agency, University of Aberdeen, University College London Locations: Hull, England, Hawaii, SOFIA, ALMA, Pomona, United Kingdom, West Virginia

☆ Elon Musk says he's not giving Trump $45 million. But that it was even a possibility underscores democracy's biggest problem: money.
▼ + stars: | 2024-07-28 | by ( Katie Balevic | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCould $45 million a month be enough to help push a controversial presidential candidate back into the White House? "There are also Democratic super PACs and Democratic mega-donors, and those donors have been very involved recently." Moreover, the existing rules governing contact between super PACs and candidates are "incredibly porous" and "go largely unenforced," Weiner said. Democrats have twice introduced the Freedom to Vote Act, which would have included campaign finance reforms and was widely considered pro-voter.

Persons: —, Elon Musk, Donald Trump, Musk, Daniel Weiner, Brennan, Weiner, Barack Obama, Obama, Peter Thiel, JD Vance's Organizations: Service, Business, Democratic, Citizens, Republicans Locations: United States

☆ Harvey Weinstein in hospital after testing positive for Covid-19 and contracting double pneumonia
▼ + stars: | 2024-07-25 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +1 min

CNN —Disgraced and imprisoned movie mogul Harvey Weinstein “tested positive for COVID and contracted double pneumonia in his lungs,” Juda Engelmayer, Weinstein’s spokesman, said in a statement Thursday. In addition, Mr. Weinstein tested positive for COVID and contracted double pneumonia in his lungs,” the statement said. Engelmayer also confirmed to CNN that Weinstein was transferred to the Bellevue Hospital Prison Ward late on Wednesday night. The New York Court of Appeals overturned a sex crimes conviction against Weinstein in April, but he has remained in custody in New York. In that case, Weinstein was sentenced to 16 years in prison.

Persons: CNN —, Harvey Weinstein “, Juda, “ Craig Rothfeld, Weinstein’s, Weinstein, Engelmayer Organizations: CNN, Prison, New, Manhattan, Attorney’s Locations: Bellevue, New York, Los Angeles

☆ What Rupert Murdoch Owns, and How He Built His Media Empire
▼ + stars: | 2024-07-25 | by ( J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Rupert Murdoch, the 93-year-old media tycoon, spent the past 70 years building a global media empire that gave him influence in journalism, politics and pop culture. He’s now locked in a court battle with three of his children over the future of the business, which own Fox News, The Wall Street Journal, The New York Post and major newspapers and television outlets in Australia and Britain. With dozens of acquisitions, Mr. Murdoch created the media conglomerate known for the rise of the modern tabloid and conservative commentary. Here’s how Mr. Murdoch built his empire:1950sThe Australian-born mogul ventured into media in 1952 when he inherited his family’s business after the death of his father, Keith Murdoch. A 21-year-old Oxford student, he inherited The News of Adelaide, a newspaper in southern Australia with a circulation of 75,000.

Persons: Rupert Murdoch, Murdoch, Keith Murdoch Organizations: Fox News, Street, The New York Post, Britain, Fox, Oxford Locations: Australia, Britain, Australian, Adelaide

☆ Secret family battle for Murdoch empire revealed in sealed court documents: NYT
▼ + stars: | 2024-07-25 | by ( Jessie Yeung | ) edition.cnn.com time to read: +5 min

CNN —The Murdoch family, famous for helming one of the world’s most influential news empires, is locked in a secret court battle over succession and control, according to a New York Times report citing sealed court documents. By granting control to only Lachlan, Murdoch is arguing in court, he is protecting the companies’ value – which then benefits all his heirs, according to The Times. He began learning the family business at a young age and rose quickly through the ranks. Rupert Murdoch with his sons Lachlan (left) and James (right) attending his wedding to Jerry Hall in London on March 5, 2016. While apparently considered the most similar to Rupert, Elisabeth has struggled to advance in the family business.

Persons: Murdoch, Rupert Murdoch, ”, Rupert Murdoch’s, – Lachlan, James, Elisabeth, Prudence –, Lachlan, –, Prudence, Jerry Hall, Max Mumby, James –, Joe Biden’s, Kathryn, Rupert, Logan Roy, Jim Rutenberg, ” Rutenberg Organizations: CNN, New York Times, Fox Corporation, News Corporation, Street, New, New York Post, Forbes, Fox Corp, News Corp, The Times, Times, Lachlan, Fox News, Democratic, Republican Party, Disney Locations: New York, London, Australia, “

An “irrevocable” trust? Rupert Murdoch is showing yet again that real life can be more fascinating than fiction. It’s about control of a global media business with extraordinary political power, one that’s still trying to preserve its influence in America and elsewhere. The context: When Murdoch dies, control of the family’s companies, including the broadcaster Fox and the newspaper publisher News Corp, will be shared among his four eldest children via the trust. Under the arrangement, Prudence, Lachlan, James and Elisabeth will each get an equal say in how the businesses are run.

Persons: Rupert Murdoch, —, Jim Rutenberg, Jonathan Mahler, isn’t, Murdoch, Prudence, Lachlan, James, Elisabeth Organizations: Fox, News Corp Locations: Nevada, America

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