News Corporation

Disney is buying a large part of the Murdoch family’s 21st Century Fox for about $52.4 billion in stock, including film and television studios and cable and international TV businesses, as it tries to meet competition from technology companies in the entertainment business.

Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc  will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said, quoted by Reuters.

The Dow topped 22,000 points for the first time in opening trading on Aug. 2, bolstered by a six percent gain in Apple, the latest blue-chip company to report strong earnings.

About three minutes into trading, the Dow Jones Industrial Average stood at 22,011.48, up 0.2 percent and on track for its sixth-straight record close, as reported by AFP. 

While rumours about Russian President Vladimir Putin’s new relationship with Wendi Deng, ex-wife of media magnate Rupert Murdoch, were rife, it seems a 23-year old Russian beauty is the lady that really caught the attention of Vlad.

Since Russian President Vladimir Putin’s divorce in 2014, rumours about him being in a new relationship have always emerge on  left and right. The latest lady he is said to be connected to is Wendi Deng, former wife of US media magnate Rupert Murdoch. Newspaper ‘Daily Mail’ reports the two started flirting back in 2013, after Deng’s divorce to Murdoch.

Global media magnate Rupert Murdoch's son James will return as chairman of British broadcaster Sky, the company said on Jan. 29, nearly four years after he was forced to leave over a phone hacking scandal.

Rupert Murdoch's 21st Century Fox said on June 16 its board approved a shakeup that puts the 84-year-old tycoon's son James in the chief executive job effective July 1.

The media-entertainment conglomerate's board approved the plan in which the Australian-born magnate would step down as CEO and become co-executive chairman with his other son, Lachlan.

Rupert Murdoch will soon hand over the reins of the media dynasty that began with his father's Australian newspaper nearly a century ago to his sons.

Former Rupert Murdoch confidante Rebekah Brooks was cleared of all charges while former News of the World editor Andy Coulson was convicted of plotting to hack phones in a dramatic end to Britain's marathon media trial on Tuesday.