The company later saw a sharp correction, plunging 79% on its third day as a publicly traded stock. It has now caught the attention of bearish investors, who are betting against its future performance
Warren Buffett, Rupert Murdoch, Carlos Slim, Amancio Ortega, Juan Roig, Giorgio Armani and Bernard Arnault are facing one of the most critical moments for any family business: generational change. And in some cases, it is far from clear who will be their successor
The Duke of Sussex is seeking permission during a three-day hearing in the High Court to allow the new claims to be added to his ongoing litigation against News Group Newspapers
Harry and other claimants, including actor Hugh Grant, sought during the first of a three-day hearing in the High Court to amend their lawsuit against the publisher to include allegations that executives were part of an effort to conceal and destroy evidence of wrongdoing
The High Court found phone hacking was ‘widespread and habitual’ at Mirror Group Newspapers over many years and private investigators ‘were an integral part of the system’
The tycoon handed the baton to his son Lachlan at this week’s News Corp and Fox shareholder meetings, but will remain actively involved in the company
News Corp and Fox, while smaller than competitors, have diversified and hold valuable assets
The 52-year-old businessman will take the reins of News Corp in November as the U.S. presidential campaign kicks into gear
Journalists and politicians in the U.K. both hailed and reviled the 92-year-old mogul after he announced Thursday that he was stepping down as leader of his companies Fox and News Corp., handing control to his son Lachlan
With a growing number of digital media sources available, right-leaning audiences have plenty of options for getting news, opinion and entertainment
His son, Lachlan, will control both Fox and News Corp., while the 92-year-old media magnate will become chairman emeritus of both companies, effective at board meetings in November
The British broadcasting corporation is struggling to maintain its status as a benchmark of a world class service
The company did not say why Dinh was leaving Fox Corp. Brian Nick, a spokesman for Fox, said the company had no comment beyond the statement
The network has built a hugely successful business with an opinionated operation that appeals to the emotions of viewers and doesn’t have much incentive to change the way it operates
The king of conservative and tabloid media reached a $787.5 million out of court settlement with Dominion over vote-rigging claims to avoid his day in court
Murdoch claimed he was defamed by a Crikey column about the insurrection at the U.S. Capitol building under the headlines: “Trump is a confirmed unhinged traitor. And Murdoch is his unindicted co-conspirator”
The conservative station was not the only loser in Tuesday’s agreement: the former president and his false allegations of voter fraud also suffered a blow
‘Truth matters, lies have consequences,’ Dominion Voting System’s lawyer said after the out-of-court win
Rupert Murdoch’s network has been accused of defaming the voting machine company by spreading false accusations of voter fraud in the 2020 presidential election. Opening arguments have been delayed while a last-minute deal is negotiated
The trial will test press freedom and the reputation of conservatives’ favorite news source. It will also illuminate the flow of misinformation that helped spark the Jan. 6, 2021, insurrection at the U.S. Capitol
The 92-year-old media mogul ended his six-year marriage with a short message to the former model
The judge expressed anger and frustration during a pretrial hearing after learning that Fox only recently turned over recordings of Fox Business host Maria Bartiromo talking with two lawyers for then-President Donald Trump, Sidney Powell and Rudy Giuliani
They are among the names submitted this week as potential witnesses by Fox and Dominion Voting Systems, although it doesn’t guarantee that they will appear in court
The ultra-conservative media outlet is embroiled in a serious defamation process. Yet, regardless of the outcome, the mentality of its delusional propagandists likely won’t be affected
Denver-based Dominion Voting Systems argued that Fox recklessly repeated false accusations from supporters of former President Donald Trump
The revelations have bolstered critics who say Fox News Channel should be considered a propaganda network rather than a news outlet
A common theme emerging from the internal documents and depositions is that Fox executives and hosts doubted the election claims being peddled by Trump, but aired and emphasized them anyway