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Murdoch: News Corp. handled crisis ‘extremely well’

WASHINGTON — News Corp. chairman and chief executive Rupert Murdoch said in an interview published Thursday that his company has handled the phone-hacking crisis in Britain “extremely well” and will recover. In an interview with the News Corp.-owned Wall Street Journal, Murdoch also said he would set up an independent…

Murdoch could be compelled to sell off British newspapers

Rupert Murdoch built his vast fortune selling newspapers, expanding a single daily in his native Australia into a media and entertainment empire that spans the globe. But the phone-hacking scandal in Britain which led to the shock closure of the News of the World is raising the once-unthinkable possibility of a News…

Murdoch drops British Sky Broadcasting buyout

Global media mogul Rupert Murdoch has dropped his $14 billion bid to take control of British Sky Broadcasting (BSkyB), the network reported Wednesday morning. Word of the buyout cancellation comes shortly after British Prime Minister David Cameron announced that his government would investigate whether News Corporation properties engaged in an…

British and U.S. lawmakers pile pressure on Murdoch

British lawmakers geared up to deal a body blow Wednesday to Rupert Murdoch’s bid for pay-TV giant BSkyB, as the phone-hacking scandal rocking his media empire threatened to spill over to the United States. In a rare show of unity in parliament against the one-time kingmaker of British politics, the…

UPDATE: News Corp. alters BSkyB bid amid scandal, defers to commission’s decision

UPDATE 12:10 EDT: The Wall Street Journal has clarified, saying that News Corp. has merely altered the concessions it had added to its bid for BSkyB. Previously, News Corp. had offered to spin off its 24-hour Sky News channel to ward off concerns about media domination. From WSJ: News Corp.…

Murdoch in Britain as News of the World prints final edition

Britain’s News of the World was published for the last time on Sunday after the tabloid was axed amid the phone-hacking scandal, as its owner Rupert Murdoch flew in to take charge of managing the crisis. After 168 years of scoops and scandals, Britain’s top-selling weekly newspaper hit newsstands for…

Murdoch to close News of the World over phone hacking scandal

British tabloid News of the World will print its last issue on Sunday, closing down after an investigation revealed it had participated in the phone hacking of celebrities, British politicians, the families of terrorist attack victims, dead soldiers and others. According to Sky News, the closure was announced on Thursday…

Google in talks to buy Hulu

NEW YORK (Reuters) – Online video site Hulu has begun preliminary sales talks with about a dozen potential buyers, including Google Inc, Microsoft Corp and Yahoo Inc, according to a source familiar with the situation. Hulu’s financial advisers, Morgan Stanley and Guggenheim Partners, set up meetings with potential buyers, and…

Survey ranks San Francisco ‘greenest city’ in North America

ASPEN, Colo. (Reuters) – San Francisco is the greenest city in North America, followed by Vancouver and New York, according to the latest survey of green-city rankings. The survey, commissioned by Siemens Corp and conducted by the Economist Intelligence Unit, looked at 31 indicators, ranging from consumption of water and electricity to efficiency standards. Detroit was the least green…

News Corp. on verge of Myspace sale

WASHINGTON — News Corp. is on the verge of selling Myspace and a deal could include laying off more than half of the troubled social network’s staff, The Wall Street Journal reported Tuesday. The newspaper, citing a “person familiar with the matter,” said there were two leading bidders for Myspace…

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