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Posts Tagged ‘Rupert Murdoch’

Why Rupert Murdoch Bought Out YES Network Two Years Early

256px-YankeesWhen Rupert Murdoch bought 49 percent of the Yankees- and Brooklyn Nets-focused YES Network over a year ago, he pledged to take a majority stake after three years.

On Friday, 21st Century Fox announced a deal to raise its ownership of the Yankees Sports and Entertainment Network to 80 percent from 49 percent, roughly two years ahead of schedule.

“Our investment in the YES Network underscores our commitment to growing our global sports portfolio with offerings that are exceptional and unique,” James Murdoch, deputy chief operating officer/boss’s son at 21st Century Fox, said in a statement.

The deal, pending regulatory approval, is expected to close by the end of the first calendar quarter. Yankee Global Enterprises will hold on to the remaining 20 percent stake.

So, why did this deal come early?

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A Very Merry Listicle New Year

Click. The Huffington Post’s “14 Things to Stop Stressing About in 2014” leads off with “your email inbox.”

Click. Among the “14 Things We Can’t Wait For!” at Broadway World is the musical version of Rocky, set to open in March after previews in February.

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Click. In case you’ve forgotten, Oliver Willis over at Media Matters for America runs down “14 Things We’ve Learned From News Corp.’s Phone Hacking Trial So Far.” Some might argue that there’s really just one overriding thing we’ve all learned from this sordid mess: When you’re as rich and powerful as Rupert Murdoch, nothing can touch you.

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Puzzle in Rupert Murdoch Owned Paper Says ‘Murdoch is Evil’

Crossword

Word find puzzles are the sad, dumb younger brother of the crossword puzzle. The former is Wheel of Fortune; the latter Jeopardy. A word find is for when you feel like using the least amount of brain power possible to accomplish a goal. Therefore the puzzles are rarely worth discussing. Aside from when a word find creator calls Rupert Murdoch evil. In a newspaper owned by Rupert Murdoch.

The puzzle above was published in Australia’s Sunday Telegraph. As the Guardian points out, in the third line of letters down, a section reads “LIVESIHCODRUM.” In reverse that spells “MURDOCHISEVIL.”

Perhaps we should give word finds another chance.

[Image: The Guardian]

Hugh Jackman Loves Rupert Murdoch

Hugh Jackman and Rupert Murdoch are both Australian, therefore they are automatically best friends. Okay, we honestly have no idea why they’re such good buddies, but they are. Jackman is the godfather of Murdoch’s daughter Chloe, and he’s dedicated to spreading the Gospel of Rupes.

Vanity Fair, knowing that Jackman considered Murdoch his brosef, asked the actor what people would be surprised to learn about Murdoch:

He is a very loyal person and, for example, he met my mum once, and about two years later remembered her name. It doesn’t matter who you are in the room or if you are the important person in the room, he doesn’t see people in that way. He remembers names of children and everyone. He pays attention to everybody and is very charming in that way.

Of course Jackman is extremely famous, so the fact that Murdoch remembers his mother’s name doesn’t exactly show that Murdoch cares about common folk.

Regardless, hearing Jackman stick up for Murdoch warms our hearts, and gives us hope that a Jackman/Murdoch cop buddy film might one day become a reality.

Morning Media Newsfeed: Lindgren Out at NYT Mag | Robach Has Cancer | News Corp Revenue Dips

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Hugo Lindgren Out as Editor of The New York Times Magazine (Capital New York)
Hugo Lindgren is leaving his position as editor of The New York Times Magazine at the end of the year, Capital has learned. There’s no word yet on plans for a successor. Rumors of a change at the paper’s glossy Sunday supplement leaked out Monday afternoon. But speculation about Lindgren’s future at the magazine has been swirling for some time now, with multiple sources suggesting in recent months that he could be on his way out. The Atlantic Wire Lindgren was hired by Jill Abramson’s predecessor as executive editor, Bill Keller, in 2010. Previously, he’d worked for former Times editor Adam Moss. Among the side-stories emerging from a controversial Politico piece on Abramson last April was a rumor that the executive editor might be looking to shuffle Lindgren out of the magazine editor role. THR There’s no word yet on who will succeed him. Lindgren shook up the Times‘ publication with several personnel changes, jettisoning longtime Ethicist Randy Cohen in favor of Ariel Kaminer, then Chuck Klosterman.

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Rupert Murdoch is Dating His Massage Therapist

Rupert-Murdoch-10-7Rupert Murdoch is 82 years old, but he’s still getting his groove on. Murdoch is now dating his “younger” massage therapist.

Murdoch moves fast, doesn’t he? The media mogul filed for divorce from Wendi Deng in June, and now he’s back in the game and feeling great. “His own hurt feelings have been soothed by a new romantic interest, a younger woman who has been traveling with him — his massage therapist — who, he has told friends, has made him very happy,” reported USA Today.

Please refrain from any “happy ending” jokes you feel coming on.

Rupert Murdoch Isn’t Going Anywhere

RupertMurdoch_FeaturedSome people won’t like it, but Rupert Murdoch is here to stay. Reuters reports that Murdoch has been re-elected as chairman of 21st Century Fox, despite the latest round of protests from shareholders.

The opposition to Murdoch was led by Christian Brothers Investment Services and Investment Management Corporation in Canada. They recommended that 21st Century Fox have an independent chair because of “the level of family control, and the influence this may bring to the impending reorganization.”

“Our new company deserves a fresh start” said Timothy Schaler, an adviser for Christian Brothers, at a shareholder meeting. “For the board to ignore such a mandate shows disregard for corporate governance.”

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Readers Question Vanity Fair ‘Powers That Be’

It’s one of two lists put forth in the November issue of Vanity Fair under the annual heading of “The New Establishment.”

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The Powers That Be” ranks 25 “members of the power elite [who] demonstrate why they’re not going anywhere soon.” At press time, pretty much all readers who have taken the time to comment have a problem with the list, crowned by cover boy Jay Z and Beyoncé:

DentonFisk: Wow. What a dearth of talent! If this is the best the USA has to offer, we’re done. Most are celebrities for celebrity’s sake. These are the crypt keepers…

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Senator Seeks Evidence in News Corp. Phone Hacking

Jay Rockefeller, chairman of the Senate’s Commerce Committee, is putting the squeeze on News Corporation. The Telegraph reports that Rockefeller flew to News Corp.’s London headquarters to gather evidence of phone hacking. Any information obtained could then be used for a potential Senate investigation into the Rupert Murdoch media empire.

When news of the scandal broke in 2011, Rockefeller was a vocal critic of News Corp. He urged the FBI and DOJ to open investigations into the company, and they both have. Their cases — which are still underway — involve the Foreign Corrupt Practices Act, which concerns American companies bribing foreign officials.

Last year, during the Leveson Inquiry, Rockefeller wrote Judge Leveson, claiming that he was “interested in learning whether any of the conduct you are investigating falls within the jurisdiction of US laws.” It appears that his curiosity has only grown since then.

Odd Person Makes Odd Claim About Wendi Murdoch

Clive Palmer, an Australian businessman and certified odd ball, says he’s suing Rupert Murdoch and that his estranged wife, Wendi Murdoch, is a spy. Palmer is upset because The Australian — a newspaper that Murdoch owns — ran a story criticizing him. So Palmer, being the peculiar type, went ahead and said something peculiar:

You know, Rupert Murdoch’s wife Wendi Deng is a Chinese spy, and that’s been right across the world. She’s been spying on Rupert for years, giving money back to Chinese intelligence. She was trained in southern China. I’m telling you the truth. Wendi Deng is a Chinese spy and that’s why Rupert got rid of her.

Right.

Well, just for some context, here are some things you should know about Palmer before taking this allegation seriously:

  • He is building an exact replica of the Titanic.
  • He says things like “We’ve all been in love, I’ve been in love, I’m in love at the moment. And if you’re not in love you long to be in love. What’s wrong with love?”
  • He’s building an amusement park full of robot dinosaurs. One of the T-Rex’s has already been named Jeff.

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