Posted by Dale Buss on July 29, 2011 09:00 AM
All Nippon Airways defers deliveries of some 787s from Boeing and projects profit drop in wake of Japan disaster.
Bank of the West breaks brand ad.
BSkyB board votes to retain James Murdoch as chairman as the company plans a share buyback and a higher dividend and new phone-hacking allegations emerge and UK's top media regulator resigns.
Current TV names new CEO from “old” ranks.
Epocrates “free” ad-supported app lures doctors.
Fiat consolidates management of Chrysler with new global org chart.Continue reading...
Posted by Shirley Brady on July 25, 2011 06:00 PM
AOL shuffles execs.
BSkyB may lose UK "stranglehold" on Hollywood releases.
Dunkin' Donuts parent IPO could exceed $400M.
Express sets Guinness World record with Times Square fashion show.
Facebook iPad app appears in the wild, disappears.
Google gives Gmail a new logo and homepage.
Hyatt apologizes for turning up heat on protesters.
LinkedIn launches "Apply With LinkedIn" button.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 Shirley Brady on July 19, 2011 08:00 AM
The Wall Street Journal's headline says it all: "Showdown Time Comes for Murdoch." But even as US questions arise, fellow media mogul Steve Forbes writes that Rupert Murdoch will "survive and thrive again."
As the News Corp. chairman and CEO, his son James and the embattled former (resigned and then arrested) News International head Rebekah Brooks appear before a three-hour parliamentary hearing into phone-hacking allegations in London today, Bloomberg News is reporting that Rupert Murdoch is ready to step down.
News Corp. COO Chase Carey is on standby to assume the CEO position, according to Bloomberg, while Murdoch would remain chairman in that scenario — all depending how today's hearing goes. CNN has more.
brands under fire
Posted by Sheila Shayon on July 15, 2011 11:30 AM
Following a week of speculation, News International CEO Rebekah Brooks stepped down today (joined later in the day by Dow Jones CEO Les Hinton) as the beleaguered Murdoch family battles to defend its media interests.
News Corp. didn't include her resignation statement in the press release announcing that Sky Italia CEO Tom Mockridge would move over within News Corp. to take over her role, although the Guardian posted her memo to employees.
“As chief executive of the company, I feel a deep sense of responsibility for the people we have hurt and I want to reiterate how sorry I am for what we now know to have taken place," Brooks told staffers.Continue reading...
brands under fire
Posted by Sheila Shayon on July 14, 2011 07:16 PM
Just when it seems that things couldn't get any worse for Rupert Murdoch...
News Corp. is now being investigated by the FBI for allegedly attempting to hack into the phones of 9/11 victims, as the front page of the Wall Street Journal writes this evening. The New York Times also reports that the company has retained a "top criminal defense lawyer," Washington-based attorney Brendan Sullivan, as it faces recriminations in the US.
The media titan and his son James, who oversees News Corp.'s European operations, also reluctantly (after initially refusing, and then being threated with jail) agreed to appear before a British parliamentary panel next week to answer questions about the phone-hacking scandal.
In his first major interview since closing the News of the World — with, naturally, his flagship US publication, the Wall Street Journal — Murdoch defends his son, admits that "minor mistakes" were made, denies that asset sales are under consideration, and rejects claims made by former British Prime Minister Gordon Brown.Continue reading...
media and politics
Posted by Sheila Shayon on July 14, 2011 11:00 AM
The reaction to the latest twists and turns in News Corp.'s phone hacking scandal — which yesterday compelled Rupert Murdoch to withdraw his BSkyB bid, and today led him (and son James) to decline to testify? (Update: they've agreed to testify.)
Naturally, it runs the gamut from mocking (such as the eBay UK listing above), the cultural (musician Billy Bragg expressed his feelings about Murdoch's tabloids in song), to social media outrage (one prominent tweeter: former deputy Labour leader John Prescott).
The story is also making waves in Murdoch's adopted homeland of America. Citizens for Responsibility and Ethics in Washington (CREW) is calling for a US inquiry, while Hugo Dixon, Editor of Reuters Breaking Views, told the BBC that "politicians in America are starting to beat the drum."
Update: this afternoon comes word that the FBI is investigating News Corp. following allegations that 9/11 victims were targeted.Continue reading...
brands under fire
Posted by Sheila Shayon on July 13, 2011 09:30 AM
When the British prime minister tells you your deal should die, Rupert Murdoch listens.
As News Corp.'s phone hacking scandal continues to dominate headlines around the world and unfold in the very public court of public opinion, the latest shoe to drop is Murdoch's BSkyB bid.
Following British PM David Cameron's call for the "disgraceful" News Corp. to drop its bid to acquire all of BSkyB, the company is doing just that. The move marks something of an about-face for Cameron, who has been criticized for not being tough enough on News Corp. before now.Continue reading...