TheTimescame with real estate and fixed assets worth twice as much as Murdoch’s purchase price. But theTimesbrought a much richer lode. With it Murdoch got 4.6% of Reuters Ltd., the news and financial information service. Reuters probably will go public once its shareholders decide how to ...
The Murdoch family controls both corporations but had spun off the Fox properties into a separate company after selling a large part of the Fox entertainment empire to Walt Disney Co. for $71 billion in a deal that closed in 2019. In premarket trading, News Corp. shares added 1.8% while F...
Writing inThe Hollywood Reporter, Murdoch biographer Michael Wolff argued that the mogul has been "obsessed" with leaving his business to his children ever since he almost went bankrupt in the 1990s. Unfortunately, family harmony has proved to be elusive, ...