Rupert Murdoch Is Folding 'The Daily'
In 12 days, Rupert Murdoch's tablet publication The Daily will be shutting down, and for one simple reason: The world's first bold foray into iPad-only newspapering wasn't making money.
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Hulu owners have an offer on the table from a real person offering real money to purchase the streaming television service, but the price tag is significantly lower than the last time the company was for sale.
In 12 days, Rupert Murdoch's tablet publication The Daily will be shutting down, and for one simple reason: The world's first bold foray into iPad-only newspapering wasn't making money.
Rupert Murdoch wants to add two new gems to his soon-to-be-formed publishing company after News Corp. splits into two pieces, and his wandering eyes are focusing on the L.A. Times and the Chicago Tribune.
The decision to split News Corp. into two separate companies -- one for entertainment and one for news -- has claimed its first casualty. Tom Rothman, the longtime co-chairman of Fox's film department, has resigned over a proposed redistribution of power.
The task of trying to estimate the tab News Corporation will have to pick up by the time this phone hacking mess is all over just got a bit easier as The Wall Street Journal reported Friday that lawyers expect the company to face 500 legal claims in total.
Rewarding failure is back in vogue with multi-million dollar packages following recent high-level resignations at JP Morgan Chase, Best Buy, Yahoo and elsewhere.
Email messages released Tuesday indicate that News Corp. executives at least considered dispatching top editors of The Wall Street Journal Europe and The Times of London, both News Corp. holdings, to advocate the BSkyB deal.
Thanks to Twitter, Rupert Murdoch's next "war" is only 140 characters away. This week, it just happens to be with "lies and libels", "old toffs and rightwingers" and a damning BBC documentary about News Corp.'s alliance with computer hackers.
Raking in far more than other phone hacking victims, singer Charlotte Church snagged a $952,000 settlement with the News International group, the AP reports Monday.
As federal investigators probe News Corporation over allegations its employees hacked into 9/11 victims phones, it's starting to look like they won't find anything, but the FBI thinks it's got a good case to make in regards to bribery charges instead, Reuters reports.
Also: Michael Vick says he never even wanter to go to Fashion Week, Rachel McAdams is through finding boyfriends on movie sets while filming is still going on, and Ashton Kutcher takes a Twitter stand.
Everybody knows Rupert Murdoch's News Corporation made a mistake buying Myspace, and now Murdoch himself has copped to the bad judgment on Twitter, one of the new breed of social media platforms that arose from Myspace's obsolete bag of emoticons. Oh, the irony!
Murdoch sent a letter to Parliament on Monday that he just discovered an email from News of the World editor Colin Myler and News International lawyer Tom Crone sounding pretty concerned about a phone hacking case well before he had previously said he was aware of the allegations. Why did he just find it now? Well, his BlackBerry ate it.
After serving as the public face of News Corp. in the phone hacking scandal, James Murdoch has resigned from a number of New Corp executive positions, the London Evening Standard reports.
Today in sports: News Corp. considers buying the Dodgers again, LeBron James now insists he wants to play flag football, and the media crush ahead of Saturday's Alabama-LSU game will send some reporters to the nosebleeds.
Blaming James, family appointments with a psychologist over who succeeds Rupert, Elizabeth calling for the heads of Rebekah Brooks and Les Hinton--it's all in Vanity Fair's preview of its December issue.
Plus: The Coen Brothers are creating a private eye comedy for Fox
In the moguls's latest go-round, Turner calls for the News Corp. chairman to step down
Police have made the 16th arrest in connection with the News of the World hacking
The same day of an important Parliamentary hearing, News Corp. announces 110 layoffs
The attorney general met with victims' families on Wednesday
The board unanimously backs the embattled son of Rupert Murdoch
In The Atlantic Wire's guestimation, that's about $445 per word
Aging democracies, Murdoch as Macbeth, and Google+ as alternative reality
The hackers say they're working with the media on NewsCorp.
Justice Department getting ready to subpoena troubled media company.
'Caylee' laws, the future of News Corp., and Marcus Bachmann-hater hypocrisy
The New York Observer joins the small group of people supporting News Corp.'s CEO
The British prime minister answers for his ties to the News Corp. scandal
Investors are exploring their options in preparation of parliamentary talks
Standard & Poor's cites investigations into the company in both the U.S. and U.K.
Assistant commissioner John Yates resigns as the scandal continues
Rebekah Brooks may walk away with more than $5.5 million
He was the head of International News during the phone-hacking scandal
News Corp. chairman meets with family of murdered schoolgirl targeted in phone hacks
A new count pegs the network's coverage at at least 30 segments
The News Corp. CEO and his son and heir-apparent initially refused the request
The scandal at its parent company's British papers is getting scant Fox News coverage
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