Rupert Murdoch took some heat for observing on Twitter, “Growing IRS scandal makes perfect case for flat tax and abolition all deductions. Nothing could be fairer and abuse free.” Several responses took Murdoch to task because the abusive...Show More Summary
“Look out Facebook!” the News Corp CEO wrote today in a tweet. “Hours spent participating per member dropping seriously. First really bad sign as seen by crappy MySpace years ago.” Easy to see why he’s still smarting over the “crappy” asset that he bought in 2005 for $508M and sold two years ago for $35M. Show More Summary
Game of Thrones, Diplo, and Rupert Murdoch all made a splash this week
Today marks the one-year anniversary of Facebook's initial public offering, a milestone that often prompts reflection and introspection.
The Other 98%, a group loosely associated with Occupy Wall Street, is trying to raise enough cash to outbid Rupert Murdoch and the Koch brothers in their efforts to buy the Tribune Company, owner of the Los Angeles Times, the Chicago Tribune and The Baltimore Sun, among other newspapers.
Look out Facebook! Hours spent participating per member dropping seriously. First really bad sign as seen by crappy MySpace years ago. – Rupert Murdoch, still steamed about that whole MySpace thing, tweets a warning to Facebook
Rupert Murdoch says Facebook's usage metrics are starting to make Facebook look like "crappy MySpace." Murdoch would know. His News Corp bought MySpace for ~$580 million in 2005, and then – after a few nice years – watched it dwindle to almost nothing. Show More Summary
Indiegogo.com While concerns among some journalists mount concerning interest from Rupert Murdoch and the Koch Brothers over the sale of the Tribune Co., activist group The Other 98% proposes a different kind of community journalism. They’ve begun a campaign on … Read more
In an attempt to make sure neither the Koch brothers nor Rupert Murdoch obtain ownership of the Tribune Company and its major assets like the Chicago Tribune and the Los Angeles Times, a liberal group has started a crowd-funding campaign to raise enough money to outbid both potential buyers and, in their belief, “take back [...]
Though Karl Rove receives a salary from Rupert Murdoch’s News Corp for his work as a Fox News Channel “political contributor,” his compensation doesn’t end there. The network frequently airs ads by his American Crossroads and Crossroads GPS political committees, as “news,” free of charge. A ThinkProgress review of Fox News Channel broadcasts over the [...]
Rupert Murdoch’s News Corp (NASDAQ:NWS). is reinventing itself — and the strategy underscores why Wall Street has learned to trust him. Later this year, the entertainment and media colossus is expected to complete a much-discussed spinoff. The company will shed its problematic “old-media” components, such as Dow Jones, the New York Post, and other print [...]
The US Department of Justice has filed a new document in the Apple eBook antitrust lawsuit. The filing includes an email sent from Apple’s founder Steve Jobs to Rupert Murdoch, head of News Corporation, the owner of HarperCollins, one...Show More Summary
Rupert Murdoch's News Corp. is reinventing itself -- and the strategy underscores why Wall Street has learned to trust him. Later this year, the entertainment and media colossus is expected to complete a much-discussed spinoff. The company...Show More Summary
Why it's a bad idea to bet against News Corp.'s boss.
The Twitter profile for LA Times DC bureau reporter Matea Gold resolutely states: “I still believe in newspapers.” But perhaps not those being coveted by Rupert Murdoch and a pair of Koch brothers. In what could be interpreted as hedging...Show More Summary
Cafe Gitane, NYC · UN Says: Why Not Eat More Insects? · Rupert Murdoch Buys $30M Private Vineyard in L.A. · Antiques Dealer Puts Coke's 'Secret Formula' on eBay for $15M · Restaurant Marketers Wake Up to $50B Breakfast...
Rupert Murdoch, vintner? It’s true. Unlike fellow billionaire Warren Buffett who has invested on the less glamorous (but more profitable?) distribution side of the wine biz, the media magnate is going for the glitz–near Hollywood, no less. He’s buying what may well be the only winery in LA, the 16-acre Moraga Estate in Bel Air [...]Show More Summary
At first blush, the new fall schedule Fox unveiled today is not much different than last year's lineup, which itself wasn't radically different from the 2011 model. Mondays are still about drama, comedies are still on Sunday and Tuesday, people sing on Wednesday and Thursday, and Friday (at least early ... More »
Media mogul Rupert Murdoch has confirmed—via Twitter, of all things—that he has indeed picked up Bel Air's Moraga Vineyards, the 13-acre estate that former Northrop Grumman CEO Thomas Jones listed for $29.5M...
Australian propagandist Rupert Murdoch is coming to town to take over production of our wine and our news--well, the news thing is just a rumor, but he is (as mentioned over the...