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March 16, 2011

Succession planning is one of the cornerstones to running a successful family business, and without it families risk losing all they have worked so hard to build. Chris Owen asks what families can learn about succession from King Lear to IKEA

“Tis our fast intent to shake all cares and business from our age; conferring them on younger strengths, while we unburthened crawl toward death.” So declaims King Lear as he embarks upon perhaps the most misjudged succession plan in all literature.

February 23, 2011

As expected, Elisabeth Murdoch will join the board of her father’s media empire, following an agreement by News Corporation to purchase Murdoch’s television production company, Shine Group.

As expected, Elisabeth Murdoch will join the board of her father’s media empire, following an agreement by News Corporation to purchase Murdoch’s television production company, Shine Group.

February 3, 2011

Media giant News Corporation announced on 2 February that its revenues for the second quarter increased to $642 million from $254 million for the same period a year before, as it simultaneously launched its news publication created exclusively for the iPad.

Media giant News Corporation announced on 2 February that its revenues for the second quarter increased to $642 million from $254 million for the same period a year before, as it simultaneously launched its news publication created exclusively for the iPad.   

January 17, 2011

Rupert Murdoch, owner of media empire News Corp, is in discussions to acquire the production company owned by his daughter, which some see as an attempt to bring her back into the family-controlled business.

Rupert Murdoch, owner of media empire News Corp, is in discussions to acquire the production company owned by his daughter, which some see as an attempt to bring her back into the family-controlled business.

Reports in the financial press say that the Shine Group, founded by Elisabeth Murdoch, had hired JP Morgan Chase to advise on strategy, including being acquired. Murdoch owns 53% of the company's shares, with Sony holding 20% and British Sky Broadcasting holding 13% stake.

August 5, 2010

News Corp reported a sharp improvement in performance on the back of buoyant pay-TV revenues.

News Corp reported a sharp improvement in performance on the back of buoyant pay-TV revenues.
 
The global media group controlled by the Murdoch family reported a fiscal fourth quarter net profit of $875 million, compared with a loss of $203 million in the same period a year ago.
 
News Corp's pay-TV businesses now account for more than a half of the company's operating income, with profits from the segment tripling in the last five years.
 

August 4, 2010

What is it about family business owners and newspapers? After years of toiling away establishing efficient companies, often with little or no borrowings, why do some businessmen buy loss-making media outlets?

What is it about family business owners and newspapers? After years of toiling away establishing efficient companies, often with little or no borrowings, why do some businessmen buy loss-making media outlets?
 

June 16, 2010

News Corporation, the Murdoch family-controlled media empire, has confirmed that it does not expect James Murdoch to be part of the takeover negotiations for satellite broadcaster BSkyB.

News Corporation, the Murdoch family-controlled media empire, has confirmed that it does not expect James Murdoch to be part of the takeover negotiations for satellite broadcaster BSkyB.

However avoiding a conflict of interest appears impossible for James, who is son of News Corp chairman and CEO Rupert. He is currently non-executive chairman of BSkyB, and News Corp said it expects him to remain as chairman of the UK-based company.

March 10, 2010

Rupert Murdoch, the family head of media empire News Corporation, announced yesterday that the company plans to expand its presence in the Middle East and base its operations there in Abu Dhabi.

Rupert Murdoch, the family head of media empire News Corporation, announced yesterday that the company plans to expand its presence in the Middle East and base its operations there in Abu Dhabi.
 
Speaking at the Abu Dhabi Media Summit, he said: "We will headquarter the Middle East operations for our global online advertising network business in Abu Dhabi."

January 22, 2010

Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, has publicly backed James Murdoch to succeed Rupert Murdoch at News Corp when Rupert finally decides to step aside.

Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, has publicly backed James Murdoch to succeed Rupert Murdoch at News Corp when Rupert finally decides to step aside.

In an interview with on an American talk show Alwaleed said: "If he doesn't appoint him I will be the first one to nominate him to be the successor of Mr Rupert Murdoch, God forbid if something should happen to him.

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