When new News Corp. management takes over, it ought to do something for its long-suffering shareholders.
Robert Thomson, currently editor in chief of Dow Jones and managing editor of The Wall Street Journal, will become CEO of the new News Corp.
The two companies would consist of a new News Corp, operating newspapers, information services, publishing and related matters, and a media and entertainment company named Fox Group.
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News Corp. shares closed down 7.6% on the Nasdaq on Monday, amid new allegations that News Corp. newspapers hacked the family health records and bank accounts of former UK Prime Minister Gordon Brown.
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In March 2011, two months after British police reopened a dormant probe into phone hacking at the News of the World, News Corp. announced that the younger Mr. Murdoch would move to New York to become News Corp.
New York-based News Corp. also owns The Wall Street Journal.
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The new company will include News Corp's Asian star TV company, its 37.5% stake in Britain's BSkyB, its south American assets and its stake in US interactive TV company GemStar.
My bet is that the entire franchise gets sold in a similar fashion to the process by which Chuck Greenberg and Nolan Ryan acquired the Texas Rangers and, as my friend and SportsMoney contributor Maury Brown pointed out to me, a new television deal with News Corp.
Meanwhile, the New York Times reports that News Corp. may recapture a chunk of the lost revenues from closing News of The World by shifting its 200 employees to start a Sunday edition of The Sun.
The post named names: among them, executives at News Corp, The New York Times Company and Dow Jones.
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The good news for those who own the 60% that Murdoch does not control is that sooner or later new management will take control of News Corp.
However News Corp develops its new charging model, it seems clear that media firms will have to try an alternative to both the paid for traditional newspaper and the everything-is-free online model.
Their new backers collectively own 13.4m News Corp Class A shares, which have fewer rights than Class B shares and do not allow them to file motions themselves.
Overseas media companies including Forbes Media, the New York Times, Pearson and News Corp. also compete in the market for Chinese-language news and analysis, though face restrictions.
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News Corp. shares trade in New York, where markets were closed when the CPS made its announcement.
All existing stockholders will get one share of the new company for each one they own in News Corp.
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After an aborted sale attempt in 2011, new rumors suggest current part owners Disney and News Corp are talking over the possibility of one buying the other's stake out.
The effort is housed in a subsidiary called Amplify and headed by new Murdoch BFF, Joel Klein, credentialed lawyer, former New York City schools chancellor, and private News Corp. defender.
Related is competing to develop a 26-acre site atop rail yards on the edge of the Hudson River in New York, with media and entertainment company News Corp. as the anchor tenant in its proposal.
Mr Murdoch, deputy chief operating officer at News Corp, moved back to New York earlier this year after relinquishing his roles as chairman of BSkyB in April and executive chairman of News International in February.
But Mr. Sonderling, a 53-year-old financial adviser, became a celebrity of sorts for allegedly being the dominant figure in a "bondage" relationship whose details were disclosed this week by the New York Post, a newspaper owned by News Corp.
Related is competing to develop a 26-acre site atop rail yards on the edge of the Hudson River in New York, with media and entertainment company News Corp. (nyse: NWS - news - people ) as the anchor tenant in its proposal.
Just got back from the first annual New York Forum hosted in midtown Manhattan, where News Corp.
Meanwhile, the New York City tabloid war continues unabated, as News Corp.
News Corp is expected to start a new life as a publishing company when it splits from its TV and film interests in June this year.
But buying the Dodgers now comes with a unique opportunity to launch a potentially lucrative regional sports network in the country's second-largest market, or sign a new local broadcast deal with the current broadcaster, News Corp.
Rupert Murdoch's Australian-based News Corp. acquired TV Guide, the New York Post and baseball's Los Angeles Dodgers.
Barclays also believes that a new sports network could represent another leg of growth for News Corp and rates News Corp.
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News Corp. also said Friday that the new publishing company would not have to pay for any further legal costs or civil claims related to the phone hacking scandal involving its British newspapers.
The British lawyer representing dozens of alleged News Corp. phone-hacking victims was in New York last week, exploring options for a U.S. case against the company.
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