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Irenic Capital, which owns about 2% of News Corp. has taken issue with its potential merger with Fox, noting the latter’s advertising exposure and legal exposure. A combination would create a more complex company and turn off investors, instead of boosting the company’s lagging stock price, it said in a letter to the News Corp. board, suggesting, instead, a spinoff of the digital real estate business or of Dow Jones.

Fox Corp. COO John Nallen says the company is “much more focused on growing the business than we are on selling the business” despite accelerating pay-TV declines and other challenges.

Rupert Murdoch is looking to get married once again!

Rupert Murdoch is being deposed Tuesday and Wednesday as part of Smartmatic‘s $2.7 billion defamation lawsuit against Fox, according to Reuters.

UPDATED with Lachlan Murdoch comments. Fox Corp. CEO Lachlan Murdoch said his father, Rupert, “is very much involved and will be for years to come” despite stepping down from his chairman role in September.

More news on the Murdoch front as the Fox Corp. proxy filed today shows Rupert with a 24% pay increase in fiscal 2023 to $22.9 million from $18.9 million. It’s his last full year as chairman of the board as succession planning kicks in.

The news that Rupert Murdoch was stepping down as chairman of Fox Corp. and News Corp. quickly triggered talk of his legacy, overshadowing one aspect of his announcement: Whether it comes to politics or to his companies’ media properties, he’s not going away.

Brian Steinberg Senior TV Editor A major transition at the top of a big company typically spells significant change. Just ask anyone who has worked for CNN while parent company WarnerMedia passed along to AT&T and then the new Warner Bros. Discovery.

Tatiana Siegel At a posh party held at a downtown Manhattan brownstone on Wednesday night, notable journalists like Carl Bernstein and the New York Times’ op-ed columnist Michelle Goldberg converged to toast Michael Wolff’s upcoming book, “The Fall: The End of Fox News and the Murdoch Dynasty.” The timing couldn’t have been more apt given that the author foretold what would happen hours later with Rupert Murdoch’s surprise announcement that he was stepping down from the head of Fox Corp. and News Corp. “It is unsustainable,” Wolff said of the Murdoch era that relied on the Donald Trump ratings juggernaut.

Rupert Murdoch, the 92-year-old Australian media magnate whose creation of Fox News made him a force in American politics, is stepping down as leader of both Fox’s parent company and his News Corp. media holdings.

Rupert Murdoch, whose sheer force of will allowed him to build a media empire that influenced the course of national politics in the U.S., U.K. and Australia, will step down as the titular head of the companies he controls, Fox Corp. and News Corp.– a move that could raise new questions about the fates of both assets.

Rupert Murdoch is stepping down.

Ink (★★★☆☆), co-produced by Round House and Olney, combines a talented cast with titillating text for a thorough chronicle of Rupert Murdoch’s typically rude 1969 takeover of British tabloid The Sun.Cody Nickell, portraying the paper’s exacting editor Larry Lamb, supplies the steady, galvanizing force that drives the story of how Lamb, handpicked by Australian media baron Murdoch (Andrew Rein), assembled a ragtag squad of Fleet Street vets who would carry out Rupe’s directive to create a paper for the people. Its first act structured as a countdown to The Sun‘s unlikely launch, the production gathers steam as Lamb gathers his A-team.Yet, there’s one workhorse in this production who often upstages D.C.

Naman Ramachandran A video on the possible successor to 92-year-old media baron Rupert Murdoch is the latest effort from U.K.-based political campaign group Led By Donkeys. Titled “The Murdoch Succession,” the video, which is under 10 minutes and projected on a New York highrise, is narrated by “Succession” star J. Smith-Cameron, who plays Gerri Kellman in the smash hit series. Via his company News Corp, the billionaire Murdoch is the owner of hundreds of local, national, and international publishing and television outlets around the world, including The Sun and The Times in the U.K., The Wall Street Journal and the New York Post in the U.S. and Fox News, through the Fox Corporation.

Shares of Wall Street Journal and MarketWatch owner News Corp. rose 6.5% in morning trading after the news and book publisher posted a slight decline in revenue for its fiscal third quarter as the advertising market softened, but reported progress on cost-cutting measures it said would save $160 million this year.Shares gained $1.02, or 6%, to $17.85, in morning trading after earlier reaching as high as $18.68.

Rupert Murdoch was eager to make a call and effectively — and emphatically — declare Joe Biden the winner of the 2020 presidential race as vote counting continued three days after election day, internal Fox News emails show.The Fox News Decision Desk played a pivotal role in the turn of events that was 2020 Election Night, calling the state of Arizona for Biden many hours before any other media outlet.But it was Murdoch who encouraged Fox News leadership to pull the cattle brand from the fire and call things for Biden on Nov. 6, with several states still counting votes, emails made public Friday by Dominion Voting Systems in its $1.6 billion defamation case against the network show.“It would be great if we call it for Biden as soon as he gets over, say, 35,000 ahead in Pennsylvania,” Murdoch wrote.

Rupert Murdoch’s News Corp., home to media properties including the Wall Street Journal, Dow Jones and HarperCollins, announced as it released disappointing quarterly results that it is laying off 5% of its workforce.

Fox Corp. matched Wall Street expectations for its fiscal second quarter, powered by NFL football in the U.S. and football at the World Cup.

News Corp. and Fox Corp., both controlled by Rupert Murdoch, have abandoned a potential merger after a special committee determined that “a combination is not optimal for shareholders.”

Rupert Murdoch’s News Corp. and Fox Corp. have signed 20-year renewals of their leases in their longtime shared headquarters in New York at 1211 Avenue of the Americas.

Fox CFO Steven Tomsic promised that “whatever happens” as its board considers merging with News Corp., creating value for shareholders “will be at the forefront of everyone’s mind.”

A London-based investor in Rupert Murdoch’s News Corp. and Fox Corp. has reportedly expressed its opposition to the companies’ potential reunification.

Fox Corp. CEO Lachlan Murdoch declined to directly address deliberations about a potential reunion with corporate sibling News Corp. during Fox’s quarterly earnings call, but he readily acknowledged the importance of scale in the media business.

Media mogul Rupert Murdoch is exploring a re-combination of the family’s Fox Corp. and News Corp., which split into two separately companies nearly a decade ago. The boards of directors of both have set up committees to examine the possibility.

Friday report in The Wall Street Journal.The Journal – itself part of the News Corp side of Murdoch’s holdings – says the discussions are at an “early stage,” with special exploratory board committees forming on both sides. A merger would bring the media empires back under one roof since Murdoch split his holdings in 2013 into News Corp, which is primarily publishing, and Fox Corp., mostly TV.Murdoch, 91, is currently executive chair of both companies.

Total executive compensation declined for top executives at Fox Corp. in fiscal 2022, compared with a year earlier, according to an SEC filing.

Jennifer Maas TV Business WriterSUN VALLEY, Idaho — Rupert Murdoch will attend Allen & Co.’s Sun Valley conference this week, Variety has confirmed.The annual event colloquially known as “summer camp for billionaires” kicks off as usual on July 5 at the Sun Valley Lodge in the titular Idaho resort town. Murdoch, 91, arrived on site during the July 4th holiday on Monday, according to a source familiar with the matter, two days after the Fox Corp.

It’s over. Model Jerry Hall filed for divorce from media mogul Rupert Murdoch after six years of marriage, Us Weekly can confirm.

Rupert Murdoch and Jerry Hall, his fourth wife, are said to be divorcing, according to a report in the New York Times citing two people familiar with the situation.

Rupert Murdoch and Jerry Hall are reportedly parting ways.

Senate Majority Leader Chuck Schumer called on Rupert Murdoch and other top executives of Fox Corp. and Fox News to stop the “reckless amplification” of the “great replacement theory” by some of the news channel’s hosts.

Wilson Chapman editorMark Gage Stroman, the entertainment advertising strategist who was an early hire at the fledging Fox Broadcasting Co., died Feb. 22 due to complications from COVID. He was 58.Stroman, who most recently served as chief marketing officer of Spin Media, had a long career in advertising and marketing.

Ahead of his new talk show launch, former Good Morning Britain presenter Piers Morgan has been partying Down Under.The opinionated journalist, 56, left British soil to attend Sky New Australia’s 25th anniversary party at the Sydney Opera House. Piers took to Twitter on Thursday, sharing a snap of himself on Australia’s Today programme.

Cynthia Littleton Business EditorRupert Murdoch’s 90th turn around the sun was feted on Thursday night in New York City as power brokers, longtime lieutenants and family members, with a conspicuous absence, gathered at Tavern on the Green for a long-delayed dinner celebration.Murdoch, one of the most influential media barons of the modern era who is executive chairman of News Corp.

Australia, the company said Thursday.News Corp executive chair Rupert Murdoch said Morgan, 56, is “the broadcaster every channel wants but is too afraid to hire.” Murdoch added in a statement: “Piers is a brilliant presenter, a talented journalist and says what people are thinking and feeling.”The show is billed as the primetime draw on the new channel talkTV, expected to launch in the U.K. in early 2022.

Rupert Muroch’s News Corp said Monday it will acquire the Books & Media segment of Houghton Mifflin Harcourt for $349 million in cash and merge it with HarperCollins amid ongoing consolidation in the book publishing business.