UK online property platform Rightmove said the takeover bid by Rupert Murdoch’s REA Group was ‘wholly opportunistic’ and undervalued the company AFP UK online property website Rightmove said Wednesday it had rejected a multi-billion-pound takeover offer from Australian peer REA Group, majority owned by Rupert Murdoch’s News Corp empire. Rightmove said in a statement that … Read more
Conservative media titan Rupert Murdoch is making news again—this time, with a secretive effort to change an irrevocable trust. That trust has important ownership interests in both Fox Corp. and News Corp., so it affects broadcast news as well as The Wall Street Journal and other publications. Under the current terms of the trust, upon … Read more
He had tipped off late on Wednesday that the proposals were garnering huge support. The approval does not, however, resolve a lawsuit on the pay package in a Delaware court, which some legal experts think could stretch out for months. Tesla CEO Elon Musk waves in Gruenheide near Berlin, Germany in March 13. File photo: … Read more
Donald Trump demanded on Thursday that Rupert Murdoch boot former House Speaker Paul Ryan from the Fox Corp. board. The reason? Ryan committed the apparently fireable offense of telling people he will not be voting for Trump come November. “Rupert Murdoch should fire pathetic RINO Paul Ryan from the Board of Fox,” Trump scream-wrote on … Read more
A very grim year for the journalism profession will get even worse by next week. That’s when Vice Media, which filed for bankruptcy last year before being unloaded for $350 million to a consortium of its creditors led by Fortress Investment Group, will drastically reduce its 900-person work force, “eliminating several hundred positions,” the company’s … Read more
