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Posts Tagged ‘Rupert Murdoch’

Rupert Murdoch Wishes Fox News Happy 18th

News Corp. and 21st Century Fox Chairman Rupert Murdoch congratulated Fox News on its 18th birthday yesterday. “Great achievement by Roger Ailes and wonderful team,” Ailes wrote.

It was only about 8 months before, in February 1996, that Murdoch recruited Ailes to start the Fox News Channel. Ailes had just left NBC where he was running “America’s Talking,” which was soon to morph into MSNBC. Nearly 90 NBC employees followed Ailes to Fox and in less than 5 years FNC become the most-watched cable news network, where it has been for the last 13 years.

And if you haven’t caught up with Murdoch on Twitter recently, here are some other recent pithy media mentionables. Read more

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Stephen Colbert Responds to His ‘North Star’: ‘Bill O’Reilly is a F***ing Egomaniac’

O'Reilly ColbertThe tit-for-tat between Bill O’Reilly and Stephen Colbert continued last night with Colbert addressing the Fox News host he considers “very dear” to him.

“Bill, baby doll, you’re of my ilk,” Colbert said to O’Reilly in response to O’Reilly saying “Colbert and others of his ilk have no bleeping clue how to fight Jihad.”

“That’s outrageous. Bill O’Reilly has to do his own bleeping? C’mon Rupert Murdoch, spring for the bleep machine. I got one here, watch: Bill O’Reilly is a f***cking egomaniac.” Colbert then added, “I don’t mean it.”

The dust-up between O’Reilly and Colbert resulted from Colbert mocking O’Reilly’s suggestion to have an anti-terror mercenary force paid for by coalition forces to fight terror groups like ISIS.

We’ll keep our eyes on “The O’Reilly Factor” tonight to see if O’Reilly has a response to his, as Colbert described it, “ilk-mate.”

WATCH:

Read more

CNN Responds to Reese Schonfeld’s ‘Cratering News Network’ Criticism

ReeceCSPANReese Schonfeld has not been shy in his criticism of CNN, a network he worked for in the 1980s. With the byline ‘Founding CEO of CNN,’ Schonfeld has, for years, written critical pieces for Huffington Post, including one yesterday titled, CNN: The Cratering News Network.

Now, CNN is firing back.

An CNN executive tells TVNewser, “Reese Schonfeld, who didn’t create CNN but happened to work there when it went on the air, hasn’t been involved with CNN since he was let go over 30 years ago. Holding him out as having insight into CNN is like seeking travel advice from someone who still thinks Yugoslavia and East Germany are countries.”

Okay then.

Schonfeld’s most recent piece was about this week’s NLRB decision compelling CNN to rehire 100 people it laid off in 2003. “CNN disagrees with the NLRB decision and we are evaluating our options,” a CNN spokesperson told us Tuesday. As for Schonfeld, author of “Me and Ted Against the World,” he surmises:

It’s time for Time Warner CEO Jeff Bewkes, Turner CEO John Martin, and CNN President Jeff Zucker, to find their way out of this mess, lest they face another buy-out threat from Rupert Murdoch or someone else while their stockholders are still reeling from CNN’s latest screw-up.

Rupert Murdoch Won’t Go After Time Warner ‘In A Hostile Way’

Rupert Murdoch was a guest during FBN’s special coverage of the vote in Scotland this morning.

The Chairman of News Corp. and 21st Century Fox phoned in to Neil Cavuto where he was asked about today’s independence vote in Scotland, the 2016 U.S. elections, the global terror threat on the markets and his withdrawn offer for Time Warner.

Murdoch said he hasn’t had any discussions since withdrawing the Time Warner bid in early August, and won’t go after a deal “in a hostile way.”


The Afternoon Ticker: Nobles, Murdoch, ‘Orange Room’

  • CNN Newsource has named Ryan Nobles a national correspondent based in Washington, DC . Nobles comes from WWBT in Richmond, Virginia, where he reported from since 2007.

  • Actor James Cromwell will play News Corp. CEO Rupert Murdoch in the Sydney premiere of the bio-play “Rupert” this November, Sydney Morning Herald reports. The play is set to come to Broadway in 2016.

  • “Today” is celebrating the one-year anniversary of its digital “Orange Room” online tomorrow. Carson Daly will host “The Orange Room Show” starting at 7:20amET on Today.com. The livestreamed special will feature a performance by American Idol winner Phillip Phillips with parts simulcasted on “Today.”

21st Century Fox Withdraws Time Warner Bid

21st_century_fox_logo_newRupert Murdoch‘s 21st Century Fox has withdrawn its bid for CNN parent company Time Warner, the New York Times reports:

In a statement, 21st Century Fox said that it still believed that a union of the two made sense, creating a colossus in the television and film giants. But Time Warner‘s firm rejection of its outreach and a drop in its own stock price made further pursuit of a bid untenable.

“These factors, coupled with our commitment to be both disciplined in our approach to the combination and focused on delivering value for the Fox shareholders, has led us to withdraw our offer,” Mr. Murdoch said in a statement.

Instead, 21st Century Fox said that it would buy back $6 billion of its shares. Shares of 21st Century Fox rose sharply in after-hours trading, while Time Warner shares fell more than 10 percent.

The Sunday Ticker: Kathie Lee’s Musical, Claman’s Triathlon, Murdoch’s Bid

  • Kathie Lee Gifford revealed this week that she has written a musical about the “Today” show.  The 18-minute musical, titled “Not Today and Tomorrow’s Not Looking Good Either,” features all the show’s anchors and crew. “It’s going to be live and it’s going to be so much fun,” Gifford said on “Today” Friday.

  • Fox Business anchor Liz Claman does a pair of interviews — with the Star-Ledger and Well + Good — about competing in her sixth New York City triathlon today. Claman is raising money for Building Homes For Heroes, a charity for wounded war veterans. “They embraced me and I embraced them and, to date, I’ve brought in $350,000 since I started raising money for them four years ago,” Claman said.

  • Variety reports on how far Rupert Murdoch will go to acquire Time Warner, which a managing director at RBC Capital Markets calls “the $64,000 question.” “It’s not purely what Time Warner’s worth, it’s what Fox can pay,” he says.

Would Michael Bloomberg Buy CNN?

cavutobloombergFollowing his fiery interview on CNN, former New York Mayor Michael Bloomberg was interviewed by Neil Cavuto on his Fox News show. In this interview, CNN came up as a topic of discussion. As 21st Century Fox chairman Rupert Murdoch looks to acquire Time Warner, in which case CNN would have to be spun off, Cavuto asked the finance and media mogul if he’d be interested in buying CNN.

“I can’t think of why we would be interested in buying CNN. We’ve got a business, we’ve got to reinvest in our business and work very hard. I just did an interview in the same building with Wolf Blitzer on CNN. A lot of people like CNN, a lot of people watch it. Ted Turner had a great concept when he started it.”

“You never say never, but in this case I can say probably never.”

Rupert Murdoch Considering Upping Time Warner Offer

time warnerBloomberg News reports Rupert Murdoch is still angling to acquire Time Warner and is considering using proceeds from the sale of other assets to do so.

Fox may reach an agreement to sell its wholly-owned Sky Italia unit and its 57 percent stake in Sky Deutschland AG to British Sky Broadcasting Group Plc in the next two weeks, the people said, asking not to be identified because the deliberations are private. The assets could be valued at about 10 billion euros ($13.5 billion), people familiar with the matter said in May. Fox owns a 39 percent stake in BSkyB. The proceeds could give Murdoch additional cash for a Time Warner bid without having to borrow more. While Fox is willing to pay more than $75 billion after Time Warner’s board rejected its $85 per-share bid, no final decision has been made on whether to bump the offer, the people said. JPMorgan & Chase Co., the biggest U.S. bank by assets, and Goldman Sachs Group Inc., the fifth-biggest, will help Murdoch finance the bid.

And the Los Angeles Times reports if 21st Century Fox takes over Time Warner, CNN might sell for more than analysts think.

Read more

Shep Smith: ‘The Boss Tried to Buy the CNN’

On “Shepard Smith Reporting” this afternoon, Smith and Maria Bartiromo waded into the major media news of the day that Fox News’ parent company, 21st Century Fox, made an $80 billion offer last month to buy Time Warner, the parent company of CNN.

Saying she would “not be betting against Rupert” (and also noting she has no insider information), Bartiromo said she suspects Murdoch will come back with a higher bid that the Time Warner shareholders will ultimately accept. Under such a deal, 21st Century Fox would sell CNN to appease regulators — “beat ‘em, buy ‘em, sell ‘em,” as Smith described it. Under that scenario, Bartiromo says she sees CBS as a likely bidder for CNN.

“You could just repeat Anthony Bourdain, ‘The Sixties’ and ‘Forensic Files’ 24 hours a day on a loop! It’s gonna be great,” Smith said. Watch the video, via J$P:

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