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Posts Tagged ‘James Murdoch’

What’s Larry King Think About Abandoned Fox Bid for Time Warner?

And here’s some other commentary on the matter:

  • The AP: 21st Century Fox would have had to navigate potentially daunting antitrust hurdles to buy Time Warner. Cultural clashes also loomed had the two companies combined…
  • Forbes: The timing of Murdoch’s withdrawal certainly raises the stakes for Time Warner CEO Jeff Bewkes
  • The Guardian: The deal seemed personal for Murdoch who had lined up a key position within the merged entity for his son James Murdoch, whose career seemed all but over at the height of the hacking scandal.
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These Companies See the Virtues of Vice

vice21st Century Fox already owns a piece of Vice, last week news trickled out that Time Warner was interested in a deal that could see Vice replace HLN, and now there’s word Disney is interested in the news and entertainment juggernaut.

The NYTimes talks with Vice CEO Shane Smith about his desire to take the brand, which consists of dozens of hours of programming for YouTube channels, several websites, and a weekly half-hour HBO show, to TV.

“It’s the next step in our evolution,” Smith says. “Our mobile and online stuff is going to grow exponentially, but we want a three-legged stool, and the third leg is TV.”

Vice has the strongest relationship with Fox, which last year bought a 5 percent stake in the company for $70 million. James Murdoch is on Vice’s board. But a Fox deal faces hurdles, too. The company does not have a logical single channel to give Vice, which is what Mr. Smith most wants. “You can’t be MTV without a TV network,” he said.

An agreement might instead call for Vice to program blocks of time on a few Fox networks. And, of course, Fox’s defining news brand, Fox News, is not popular among Vice’s core audience.

The Fox Ticker: Murdoch, Schulz, Hasselbeck

  • James Murdoch has joined the board at Vice Media as director, the London Evening Standard reports. 21st Century Fox bought a five percent stake in VICE over the summer.

  • Fox News “Red Eye” host Greg Gutfeld announced the departure of longtime co-host Bill Schulz on Friday morning’s show.  His final appearance on the show was November 8.

  • Elisabeth Hassebeck made her return to daytime today on the “Rachael Ray Show.” Talking about her first two months on “Fox and Friends,” she said she’s still getting used to an earlier wake up call: “The alarm goes off and I’m like ‘What happened?’”

Moguls, Journalists Descend On Sun Valley For Media/Technology Confab

This week, the world’s media, entertainment and technology moguls are converging on Sun Valley, Idaho for the annual Allen & Company shindig. What happens in Sun Valley usually stays in Sun Valley, but according to a number of reporters in attendance, we can glean a few things.

For starters, CBS News anchor Charlie Rose, NBC News’ Tom Brokaw and CNN’s Erin Burnett are all attending, with Rose and Brokaw scheduled to moderate (secret) panels. CNBC’s Julia Boorstin, FBN’s Dennis Kneale and Bloomberg TV’s Jon Erlichman are getting as close as they can to cover the action for their networks.

In terms of moguls, all the usual suspects are there: 21st Century Fox CEO Rupert Murdoch, along with sons Lachlan Murdoch and James Murdoch (above), Disney’s Bob Iger, ESPN’s John Skipper, Comcast’s Brian Roberts, CBS’ Les Moonves, Time Warner’s Jeff Bewkes, Facebook’s Mark Zuckerberg, Apple CEO Tim Cook and IAC’s Barry Diller among many, many others.

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News Corp. Acquires Stake In YES Network, But How Does It Affect ‘Fox Sports 1′?

News Corporation has acquired a 49% stake in the YES Network, the New York-based sports channel that has exclusive TV rights to New York Yankees baseball games (through 2042!) and Brooklyn Nets basketball. As part of the deal News Corp. can acquire an additional stake in the company in three years, bringing its ownership to 80% of the network.

It isn’t immediately clear what the acquisition means for News Corp.’s plans to launch a national sports network, which it is calling “Fox Sports 1.” In September I reported that News Corp. was moving forward with the channel, and had filed trademark applications for “Fox Sports 1″ and ‘The 1″ among other things. News Corp. is still believed to be moving forward with the channel, even as the company refuses to officially acknowledge that it is doing so.

Fox Sports has even gone so far as to design a logo for the channel, which it filed with the US Patent and Trademark Office in early October. You can see the logo in the graphic above. Update: Fox Sports has also registered FoxSports1.com and has secured the Twitter handle @FoxSports1.

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FT: James Murdoch Eyes Oversight Of News Corp.’s U.S. TV Businesses

According to the Financial Times, Rupert Murdoch‘s son James Murdoch is eyeing a new role at the company, one which would include oversight of News Corp.’s U.S. TV businesses. Critically, the new job would not include Fox News Channel, which would remain under the leadership of Roger Ailes, assuming he signs a new deal with News Corp.

Under the role being discussed between News Corp and Mr Murdoch, Peter Rice, the Los Angeles-based head of News Corp’s Fox Networks Group, will report directly to Mr Murdoch, currently the deputy chief operating officer at the company…

Mr Murdoch had pressed for his expanded role to be announced in July, when Mr Rice was promoted to run Fox Networks, according to several people close to the situation. But Rupert Murdoch – his father and News Corp’s chairman – and Chase Carey, the company’s chief operating officer, resisted.

The hiring would generate substantial controversy, given the younger Murdoch’s role in the UK hacking scandal. He was overseeing the UK newspaper businesses when the scandal exploded, and he was one of the high-profile witnesses called before Parliament to explain what happened.

James Murdoch Testifies Again in Hacking Scandal; Rupert Murdoch To Testify Tomorrow

U.S. TV networks are taking an interest into an ongoing media investigation in the U.K. as James Murdoch testified once again this morning over the phone hacking scandal involving News Corp. properties. While C-SPAN2 carried the testimony live, the story has also been reported on Bloomberg, CNBC, CNN, MSNBC and the two News Corp.-owned channels, Fox News and Fox Business.

On “CBS This Morning,” Nick Ferrari, a journalist and former Murdoch media executive, told Erica Hill, “James is the warm-up act for his father Rupert Murdoch, who is here tomorrow. If you think there’s a lot of noise and excitement for the son, you wait until dad comes here.”

Sky News Latest News Corp. Entity Hit By Hacking Scandal

Another property that News Corp. has a stake in has admitted to hacking into the private correspondence of story subjects. This time the news outlet is Sky News, the U.K. cable and satellite news channel. While Sky News is owned by BskyB, News Corp. owns a minority stake in the channel, and until this week James Murdoch had been chairman of BskyB’s board.

The BBC has details on the hacks, which took place on two occasions, with Sky journalists hacking into the emails of people in the news. Sky also released a statement defending its actions.

“We stand by these actions as editorially justified and in the public interest. We do not take such decisions lightly or frequently. They require finely balanced judgement based on individual circumstances and must always be subjected to the proper editorial controls.”

The full Sky statement is after the jump.

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James Murdoch Steps Down as News International Chief

News Corporation executive James Murdoch has relinquished his post as executive chairman of News International, the unit that is at the center of the still expanding hacking scandal in the UK. Murdoch–the son of News Corp. CEO Rupert Murdoch–will remain with the company, focusing on pay-TV and international businesses.

While the hacking scandal hasn’t been in the news as much as it was last Summer, it is still being investigated in the UK, and has expanded to include a broader look at corruption in the tabloids there.

More information in News Corp.’s announcement, below.

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MP Calls James Murdoch ‘Mafia Boss’

News Corp. executive James Murdoch was back before a British parliamentary committee this morning and at one point had to defend himself after being called a “mafia boss.”

British Labour Party lawmaker Tom Watson suggested News International, which Murdoch oversees as CEO of News Corp. Europe and Asia, operated an “omerta” code of silence.

“Would you agree with me that this is an accurate description of News International in the UK?” Watson asked. “Absolutely not, I frankly think that’s offensive and it’s not true,” said Murdoch.

Watson continued: “You must be the first Mafia boss in history who didn’t know he was running a criminal enterprise.”

CNN reports Murdoch rolled his eyes, before saying that the comment was “inappropriate.”

The two-hour, second round of questioning did not get the kind of U.S. cable news coverage as the first round in July, when Murdoch and his father Rupert appeared before the Culture, Media and Sport Select Committee.

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