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Murdoch’s News Corporation net profit down 21 percent

NEW YORK – The lack of another blockbuster hit like 2009′s “Avatar” helped push third-quarter profits down 21 percent, media and entertainment giant News Corporation said Wednesday. Profit for the quarter to March 31 fell to $682 million from the $861 million record quarter a year earlier, when the company…

British business minister in ‘war’ with Murdoch

Britain’s business minister said he had “declared war” on Rupert Murdoch and planned to block the media mogul’s efforts to take control of pay TV giant BSkyB, in remarks published Tuesday. Vince Cable, the Liberal Democrat business secretary in Britain’s coalition government, made the comments to undercover reporters from The…

Murdoch son-in-law ‘ashamed and sickened’ by Fox News CEO

The son-in-law of News Corporation Chairman Rupert Murdoch told the New York Times in little-noticed comments Sunday that he’s “ashamed and sickened” by Fox News Channel’s Chief Executive Roger Ailes. “I am by no means alone within the family or the company in being ashamed and sickened by Roger Ailes’s…

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