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Federal judge dismisses shareholders’ lawsuit against Rupert Murdoch over hacking case

A U.S. federal judge dismissed a shareholder lawsuit against Rupert Murdoch and other executives of News Corp. alleging they withheld key information about the phone hacking scandal in Britain. Judge Paul Gardephe dismissed the case, saying the allegedly false statements were made prior to the period in question in the…

Rupert Murdoch’s News Corp. gets an $800 million tax rebate from Australia

Rupert Murdoch’s Australian operations pocketed an Aus$882 million (US$800 million) tax rebate from the new conservative government, reports said Monday, blowing a major hole in the country’s budget. The massive payout to News Corp. — one of the largest ever made by the Australian Taxation Office (ATO) — related to…

Rupert Murdoch: 10 reasons he’ll be back and stronger than ever in 2014

The media mogul hit a rough patch. But he’ll look to strengthen the News Corp empire in the new year and likely thrive Rupert Murdoch has confounded his biographers, helped cause the breakdown of his second and third marriages, and aggravated his children to no end by his refusal to…

Angelina Jolie may testify in News Corp phone hacking case

Actor could be witness in stunt double’s legal action Angelina Jolie may be called to give evidence in a phone hacking legal action in the United States, according to a report in the Hollywood Reporter. The possibility emerged in the latest hearing in a case launched in California against News…

Rupert Murdoch’s News Corp could face corporate hacking charges

By Michael Holden and Mark Hosenball LONDON/WASHINGTON (Reuters) – London police are actively investigating Rupert Murdoch’s British newspaper business for possible criminal violations over allegations of phone-hacking and illegal payments to public officials by its journalists, a source familiar with the matter told Reuters. Murdoch’s News Corp said it was…

Murdoch’s News Corp makes NASDAQ trading debut on Monday

(Reuters) – News Corp and 21st Century Fox will begin trading as two separate companies on Monday, giving investors the choice of a fast-growing entertainment business and a slower-growing but prominent publishing concern. The new News Corp, which includes publishing assets, such as The Wall Street Journal and HarperCollins, and…

Files: Rupert Murdoch-linked pirate website targeted rivals

By Jamie Doward, The Observer Internet forums gave advice on how to hack into ITVDigital and cable television companies A computer piracy website, secretly supported by one of Rupert Murdoch’s companies, openly promoted advice on how to hack BSkyB’s rivals, according to documents obtained by the Observer. Emails obtained by this…

Victims say News Corp has admitted hacking cover-up

LONDON (Reuters) – The British newspaper arm of Rupert Murdoch’s News Corp has acknowledged to victims that executives covered up the scale of illegal activity by destroying evidence and lying to investigators, victims’ lawyers said on Thursday. In a statement that could further damage the company’s reputation, lawyers for victims…

News Corp. profit up thanks to television business

SAN FRANCISCO — Scandal-battered media behemoth News Corp. on Wednesday reported a bumper end to the fiscal year with profits and revenue buoyed by its cable television business. News Corp. said net income for the recently-ended fourth fiscal quarter tallied $683 million and that it finished the year with profit…

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