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Posts Tagged ‘Rupert Murdoch’

Morning Media Newsfeed: Fox’s 49th Quarter Win | 60 Minutes Owns Up | RIP, @ColbertReport

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2014 Ratings: Fox News No. 1 for 49th Consecutive Quarter (TVNewser)
Fox News finishes its 49th consecutive quarter and 147th consecutive month as the top-rated cable news network, besting the competition in both total day and primetime during the first quarter of 2014. In addition to delivering cable news’ top 14 programs in total viewers and top seven programs in the adults 25-54 demographic, Fox News was the only cable news network to grow compared to the year-ago quarter. Despite a strong March for CNN, MSNBC held on to the second-place spot among the cable news networks in both total day and primetime. HuffPost The disappearance of Malaysia Airlines flight 370 was one of the biggest stories of the month, and CNN — whose obsessive coverage of the plane has brought it both ratings victories and repeated criticism — reaped the rewards in March. The network beat MSNBC in weekday primetime in the demo at the end of the quarter, averaging 240,000 viewers in the 25-54 category to MSNBC’s 201,000. Those numbers represent a 71 percent increase in the demo compared to March 2013. Variety The numbers come as MSNBC pushed hard during the period to cover the “Bridgegate” scandal surrounding New Jersey governor Chris Christie, and they raise the question of whether CNN will be able to sustain its March momentum when and if the MH 370 story loses the interest of news audiences.

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Morning Media Newsfeed: Murdoch Ups Sons | Twitter Ban Overturned | NYT Adds Digital Subs

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Rupert Murdoch Elevates Eldest Son to Be His News Corp. Co-Chairman (The Guardian / Greenslade Blog)
Rupert Murdoch’s eldest son, Lachlan, has been promoted to the role of non-executive co-chairman on the News Corp. board. It means that the two will work alongside each other. Rupert, the executive chairman, described the appointment as “recognition of Lachlan’s entrepreneurial leadership and passion for news, digital media and sport.” TVNewser Lachlan has been named non-executive chairman at both News Corp. and 21st Century Fox. The 42-year-old has been a director of both companies, but effectively left the media empire in 2005 where he had been deputy chief operating officer directly responsible for News Corp.’s U.S. television stations group and publishing assets. After Lachlan left News Corp., Roger Ailes, the co-founder and chairman of Fox News Channel, was named chairman of News Corp.’s (now 21st Century Fox’s) television stations group. FishbowlNY The promotion means that Lachlan is all but guaranteed to take over News Corp. when Rupert steps down. In the past, it was believed that James Murdoch was the heir apparent, but no more. James was promoted as well — to co-chief operating officer at 21st Century Fox. Financial Times James’ elevation comes two years after he was embroiled in the U.K. phone hacking scandal as the former head of News Corp.’s U.K. newspaper business. His new position gives him a more central executive role at one of America’s most global media companies, in contrast to Lachlan’s non-executive position, keeping him in contention in a succession race that has seen numerous twists. James will share his new title with Chase Carey, a trusted adviser and second-in-command to Rupert, to whom he had reported in his previous role as deputy chief operating officer. Reuters Each son has at various times been seen as heir apparent, and it is unclear how well they will work together when Murdoch finally hands over the companies. The Murdoch family controls both Fox and News Corp. through a trust that has a 38 percent ownership stake of Class B shares with voting rights. A source familiar with the companies said that the plan to elevate Lachlan and James had been in the works for a while and that a tussle over control would be unlikely.

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Lachlan Murdoch Gets Top Spot on News Corp Board

The future of News Corp just landed in the lap of Lachlan Murdoch. The New York Times reports that Lachlan — most recently a director of News Corp and 21st Century Fox — has been promoted to non-executive co-chairman, the top spot on News Corp’s board. Lachlan’s father, Rupert Murdoch, owns 40 percent of the company, and will remain executive chairman.

The promotion means that Lachlan is all but guaranteed to take over News Corp when Rupert steps down. In the past, it was believed that James Murdoch was the heir apparent, but no more. In what seems like a “Oh, I’ve got a present for you too, son” move, James was promoted as well — to co-chief operating officer at 21st Century Fox.

In a statement, Rupert said Lachlan’s promotion was “a sign of confidence in the growth potential of News Corporation and a recognition of Lachlan’s entrepreneurial leadership and passion for news, digital media and sport.”

Let’s Make Fun of Media Elite’s First Tweets

Twitter has launched a great site — first-tweet.com — that will embarrass any user. Naturally we thought this would be a great opportunity to make fun of some media elite.

First-tweet is self-explanatory — it allows you to see any public users’ first tweet. Most of them are boring, but some — like the ones below — are worth pointing out. Oh, and in case you’re wondering — your FishbowlNY editors’ first tweets were fantastic.

First Tweets from Media Mavens

Rupert Murdoch was still grappling with basic English when he sent his first tweet.

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Bill Gates Tops Forbes’ ‘Richest People on The Planet’ List

bill-gates-speaks-out-about-windows-8-video-bc90b4f0b8Bill Gates is back on top. Forbes has named the 58-year-old Microsoft founder the richest person on the planet, a spot he had lost to Carlos Slim for the past four years.

Gates is now worth $76 billion. He’s followed closely by Slim, worth $72 billion. Rounding out the top five Richest People on the Planet list are Amancio Ortega ($64 billion), Warren Buffett ($58 b) and Larry Ellison ($48 b).

Below are some other highlights from the Forbes list. Click here for the entire thing. But only do so if you enjoy being jealous.

  • 172 women made the list, the most ever
  • David Thomson, chairman of Reuters, is the richest media person. He’s worth $22 billion. Michael Bloomberg is ranked 16 overall, worth $33 billion. Rupert Murdoch is ranked 78 overall, worth $13 billion.
  • Mark Zuckerberg was the year’s biggest gainer. His net worth jumped from $15 billion to $28 billion.

Rupert Murdoch Buys Four-Floor, $57 Million Penthouse for Rad Bachelor Lifestyle

The party’s at Rupes! Rupert Murdoch, who recently lost his Upper East Side penthouse to Wendi Deng in their divorce, has purchased a four-floor penthouse at One Madison Park for $57 million. The New York Daily News reports that the apartment clocks in at over 10,000 square feet, making it about 2,000 square feet bigger than any apartment in his old UES building. Take that, Wendi.

One Madison Park is hard to miss. It’s that 60 story tall, skinny glass building on East 23rd Street near Madison Park. The Met Life Tower is nearby. Murdoch must have really liked the spot, because that $57 million price tag makes his penthouse the most expensive property ever purchased below 57th Street.

One other item to note about Murdoch’s new pad? Tom Brady and Gisele Bundchen are his neighbors. We can’t wait for the first kegger.

Vanity Fair Profile Alleges Wendi Deng Physically Abused Rupert Murdoch

In a Vanity Fair profile of Wendi Deng, the former wife of media titan Rupert Murdoch, Mark Seals details how the pair’s marriage turned for the worse. Not only did Deng appreciate other men — specifically, Tony Blair and his “really really good legs Butt” — but she was allegedly physically abusive toward Murdoch:

It allegedly had gotten physical in early 2011, in [the Murdoch’s] triplex on Fifth Avenue in New York. ‘[Deng] got angry at [Murdoch] and shoved him, and he fell backwards into the piano in the living room and then onto the floor, and he couldn’t get up,’ says an individual to whom Rupert confided at the time. ‘He had to have emergency treatment that night.’ The former News Corp. employee in the U.K. adds, ‘He clearly hurt himself, and he made some excuse that he tripped over something in the office. He made excuses that he wasn’t well. He only talked about what happened later.’

If all of this account is true, it’s no wonder the two split up. It doesn’t seem like there was much there worth saving.

CUNY, Brooklyn College Grad Set to Launch Nigerian Newspaper

EkreteUdohPicEkerete Udoh (pictured) is, instantly, our favorite new person of the week.

Per an item on iafrica.com, he has decided to extend his media empire from NYC to his native land of Nigeria. FishbowlNY would like to: a) wish him all the best with this brave new venture; and b) request that he send us a copy of the first issue. Even though we don’t read Nigerian, we’d still love to see what the paper looks like.* From the article:

Udoh holds a Bachelor’s degree in political science and journalism from Queens College of the City University of New York (CUNY) and a Master’s degree in international relations and comparative politics from Brooklyn College. At City University of New York, he was the best graduating student.

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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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