Wednesday, April 7, 2010 as of 11:14 AM ET
Keith Rupert Murdoch, AC, KSG (born 11 March 1931) is an Australian American media mogul. Murdoch became managing director of Australia's News Limited, inherited from his father, in 1952. He is the founder, Chairman and CEO of global media holding company the News Corporation, the world's second-largest media conglomerate.
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News Corp.
(NWS, NWSA) on Wednesday reported a 47% jump in its fiscal third-quarter profit, helped by one-time gains and continued growth at the company's cable networks and film divisions.In addition, News Corp.--which owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal--also increased its stock-repurchase program by $5 billion, bringing the total to $10 billion."I believe we are better situated than ever to capitalize on the increasing global demand for our superior content," Chairman and Chief Executive Rupert Murdoch said in a press release.Net income was $937 million, or 38 cents a share, for the quarter ended March 31, up from $639 million, or 24 cents a share, a year earlier. Excluding one-time charges, per-share earnings rose to 37 cents from 26 cents. Analysts, on average, expected a profit of 31 cents a share, according to Thomson Reuters.Revenue increased to $8.4 billion from $8.26 billion, beating the average analyst prediction of $8.24 billion.The ...
FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
U.K. Prime Minister David Cameron again rejected opposition demands Monday for his culture minister to face an investigation into whether he broke conduct rules whil...
U.K. Prime Minister David Cameron said Sunday there was no agreement between him and Rupert Murdoch, or his son James Murdoch, to support News Corp.'s (NWS, NWS.AU, ...
FBN’s Diane Macedo with a futures update and the latest on Rupert Murdoch ’s Leveson inquiry appearance.
FBN’s Robert Gray with details from the questioning of News Corp. CEO Rupert Murdoch .
FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
Britain's economy has fallen into its second recession since the financial crisis after an shock contraction at the start of 2012, heaping pressure on Prime Minister...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
Embattled News Corp. (NASDAQ:NWSA) executive James Murdoch, who has been ensnared in the British hacking scandal, has stepped down as chairman of U.K. pay-TV company...
Walt Disney Co (NYSE:DIS) Chief Executive Bob Iger added the post of chairman on Tuesday despite objections from a governance group and state treasurer about the dua...
Police in the U.K. have reportedly arrested former News Corp . (NASDAQ:NWSA) exec Rebekah Brooks and a number of other people as part of a phone-hacking probe.Accord...
Led by its cable operations and film division, media heavyweight News Corp. (NASDAQ:NWSA) beat the Street on Wednesday amid a 2% gain in fiscal third-quarter revenue...
Weekend With Warren: Berkshire Hathaway CEO Warren Buffett on his investment in newspapers and the administration’s push for higher taxes on the wealthy.
News Corp.'s (NWS, NWSA) board threw unanimous support behind embattled Chief Executive and Chairman Rupert Murdoch, saying it has "full confidence" in Murdoch's abi...
News Corp.'s board put their full support behind Chairman and Chief Executive Rupert Murdoch on Wednesday. Murdoch came under fire Tuesday from U.K. lawmakers, who s...
Just a day after a British panel slammed News Corp. (NASDAQ:NWSA) and CEO Rupert Murdoch over the U.K. hacking scandal, the company's board of directors reaffirmed i...
Barry Diller's Internet holding company IAC/InterActive Corp reported better-than-expected first-quarter revenue and profit bolstered by its search and dating busine...
A British parliamentary committee blasted News Corp. (NASDAQ:NWSA) on Tuesday, saying the media giant exhibited willful blindness in the U.K. hacking scandal.In a 12...
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