Posted by Sheila Shayon on December 3, 2012 11:20 AM
After a tumultuous year for News Corporation which has seen the company rocked by an ethics scandal, Rupert Murdoch has named longtime lieutenant Robert Thomson head of global publishing as his company prepares to separate its entertainment and news/book publishing assets into Fox Group and News Corporation, respectively.
As part of the move, News Corp. is folding its digital magazine app that was its Greg Clayman-headed iPadazine, The Daily, which will cease publishing on Dec. 15. While it will no longer exist as an iPad app, The Daily brand will survive as a news channel on properties such as NYPost.com. Now Clayman will oversee digital for News Corp. as part of the executive shuffle involved with separating the company.
First announced on June 28th, the pending company split will group News International's UK titles, the Wall Street Journal, New York Post, the Australian and other News Ltd papers and its HarperCollins book publishing entity under the News Corporation umbrella, while the entertainment properties will fall under the Fox Group. Thomson will run News Corporation while Chase Carey will serve as President and COO of Fox Group with James Murdoch as Deputy COO.
“This is an incredibly exciting time, for me personally, and for our companies’ ambitious futures,” stated Murdoch. “The challenges we face in the publishing and media industries are great, but the opportunities are greater.”Continue reading...
Posted by Dale Buss on April 24, 2012 08:55 AM
Adobe pivots to target marketing departments.
Amazon adds lab and industrial goods to offerings.
American Airlines cites progress in labor talks.
Apple may be losing to Proview in China iPad trademark battle.
AT&T earnings rise as new wireless subscriptions stall.
Facebook sees revenue soar and passes 900M active monthly users, though growth slows right before IPO.Continue reading...
Posted by Sheila Shayon on March 13, 2012 05:47 PM
Six journalists, including Rebekah Brooks, the flame-haired former chief of News International, and her husband Charlie have been arrested in the ongoing investigation of the phone-hacking scandal that rocked the UK when Brooks was arrested for the first time last July.
The new arrests in that same investigation opened those wounds anew, even while Brooks and her husband have reportedly been released on bail.Continue reading...
Posted by Dale Buss on March 1, 2012 09:02 AM
Activision Blizzard to cut 600 game-making jobs.
Apple helps Nasdaq hit milestone.
Audi expects flat profit, citing uncertainties.
BYD suffers from pressures in Chinese auto and solar industries.
Buick touts technology in new Veron compact sedan.
Chevron talks with Russia about Arctic exploration.
Chick-fil-A, Starbucks and Subway top customer experience ranking.
Chrysler sales rise post-Super Bowl.Continue reading...
Posted by Dale Buss on November 29, 2011 09:01 AM
Apple's environmental impact concerns China.
AT&T has an 11th hour plan to salvage T-Mobile deal and win over reluctant FCC.
American Airlines parent AMR files for bankruptcy protection to restructure debt as talks with pilots end.
American Express launches $20-million giveaway to spur online sales.
BSkyB holds annual meeting as James Murdoch survives investor vote; singer Charlotte Church alleges coverage trade-off for singing at Rupert Murdoch's wedding; and The Guardian reports broadening of News Corp. hacking scandal to include a North Ireland government minister.
Chevrolet gives three-day Sonic test drives to Klout leaders.
Cyber Monday sales come in 15-20 percent higher than a year ago.
Facebook targets $10 billion IPO for spring that would value social network at $100B.
Groupon shares plummet post-IPO.Continue reading...
Posted by Dale Buss on November 10, 2011 08:57 AM
Adobe drops Flash for phones in bow to Apple.
Airbus delays A350 plane or parts shortages.
Caterpillar buys Chinese mining-machine maker.
Google chief returns to trim bloated ship.
Groupon holds on to cash, griping merchants.
J.C. Penney taps into talent from Apple.
James Murdoch insists he wasn't told about hacking evidence at News Corp.'s News of the World.Continue reading...
Posted by Sheila Shayon on July 19, 2011 05:00 PM
The strangest moment of the British parliamentary hearing into the News Corp. phone-hacking scandal today had to be Wendi Murdoch — that's her in pink, above — swinging at a protester (activist Jonathan May Bowles) who hurled a (shaving?) cream pie at her husband Rupert before he was hauled away.
The second strangest moment: CNN host Piers Morgan's virtual testimony on Twitter, where he defended Wendi and then himself, responding (on Twitter and then on-air) to allegations that he was involved in phone-hacking while running the now-shuttered News of the World.Continue reading...
Posted by Dale Buss on July 19, 2011 09:00 AM
News Corp. titans, Rupert and James Murdoch, face three-hour Parliamentary questioning today in spreading phone-hacking scandal.
Walmart reportedly eyes Rite Aid.
AMD stalls in CEO search, which might overshadow earnings improvements.
American Airlines leans toward Airbus over Boeing in fleet decision, Journal says, while Bloomberg hears that the airline may split the order.
American Family Insurance promotes “the American dream.”
Baidu reaches deal with major record labels.Continue reading...