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Myspace slashing 500 jobs, nearly half its staff

WASHINGTON — Myspace announced on Tuesday it was cutting some 500 jobs, nearly half its staff, in a move seen as potentially setting the stage for a sale of the social network owned by Rupert Murdoch’s News Corp. “Today’s tough but necessary changes were taken in order to provide the…

News Corp. wins EU antitrust approval for controversial BSkyB deal

BRUSSELS — European regulators have cleared the controversial £7.8-billion takeover offer by Rupert Murdoch’s News Corp. for pay-TV giant BSkyB. The EU green light is purely concerned with competition issues, given the two companies have limited direct crossover. However the takeover remains subject to hot political debate given the highly…

Murdoch blames left wing for ‘most virulent strains’ of anti-Semitism

Donations to GOP, US Chamber of Commerce ‘in the interest of the country,’ Murdoch asserts Accepting an award from the Anti-Defamation League, Fox News owner Rupert Murdoch criticized left wing groups and activists for what he said was a growing trend towards anti-Semitism. “Today it seems that the most virulent…

Whoa, Dude: Fox News parent company’s ‘Big Lebowski’ game developed by North Koreans

Network of partner groups led to Fox Mobile selling games developed in Pyongyang: report North Korea, one of the poorest and most politically isolated countries in the world, is undergoing something of an economic renaissance thanks to a growing software industry fueled, at least in small part, by American media…

Fox News shareholder funded ‘Ground Zero mosque’ imam: report

The second largest shareholder in News Corp. — the parent company of Fox News — has donated hundreds of thousands of dollars to causes linked to the imam planning to build a Muslim community center and mosque near Ground Zero in Manhattan, says a report from Yahoo!News. According to the…

Investors urge Target to look at political giving

3 shareholder groups call on Target, Best Buy to review political giving after Minn. donations. A few Target Corp. and Best Buy Co. institutional shareholders weighed in Thursday on the flap over the companies’ political donations in Minnesota, urging the boards of both retailers to increase their oversight of campaign…

The Beck-enabled Stewart solution: GOP should pay Fox News

It turns out that Fox News’ Glenn Beck isn’t the only one that can follow the money. Comedy Central’s Jon Stewart pulled out his chalkboard Wednesday and detailed how Fox News’ parent company had been supplying one Republican group with loads of cash. News broke Tuesday that News Corp. had…

Oracle’s Ellison highest paid CEO of the decade

WASHINGTON (AFP) – Oracle Corporation founder and chief executive Larry Ellison topped the list of best-paid executives of the decade with 1.84 billion dollars, according to a report in the Wall Street Journal. The 65-year-old software pioneer, who founded Oracle in 1977, beat Internet tycoon Barry Diller into second place…

Target Corp. spending company money on candidates

Update: Target CEO defends donations to ‘fiery’ conservative who opposes gay marriage Target Corp.’s CEO on Tuesday defended the discount retailer’s political donations to a Minnesota group helping the state’s Republican candidate for governor, telling employees at its Minneapolis headquarters that the company’s support of the gay community is “unwavering.”…

News Corp. buys Skiff, invests in Journalism Online

WASHINGTON — News Corp. announced Monday it has bought Skiff, an electronic reading platform developed by Hearst Corp., and invested in Journalism Online, a company which seeks to help news organizations make money on the Web. “Today’s developments underscore News Corporation’s ongoing commitment to create strong business models that support…

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