Laurene Powell Jobs, widow of Apple Inc co-founder Steve Jobs, is the lead investor who funded the buyout of News Corp's money losing digital education business Amplify earlier this year.
News Corp, owner of the Wall Street Journal, reported its third straight quarter of revenue decline, hurt by a strong dollar and lower print ad sales, mainly in Australia.
* Adj profit $0.05/shr vs. est. $0.06/shr (Adds details, quote)
SYDNEY, Nov 2 News Corp's Australian real estate website company REA Group Ltd said it plans to buy out smaller rival iProperty Group Ltd for A$580 million ($414 million), seizing on the target company's footprint in Southeast Asia.
Thomson Reuters Corp on Friday reported third-quarter sales that missed estimates due in part to the strong dollar, but the news and information company's profit beat Wall Street expectations.
Sept 15 Wall Street-backed messaging platform Symphony Communications Services LLC announced a number of partnerships with major media companies during a kick-off event on Tuesday.
SYDNEY, Sept 14 A proposal by Rupert Murdoch's cable TV firm Foxtel to buy 15 percent of struggling broadcaster Ten Network Holdings Ltd may hurt competition, an Australian antitrust regulator said, in a sign that it may block the A$77 million share sale.
LONDON Rebekah Brooks, the Rupert Murdoch protegee cleared last year of orchestrating a criminal campaign that damaged the British establishment, will return to her old job running the tycoon's British newspapers next week in a stunning comeback.
LONDON Rebekah Brooks will return to her old job heading Rupert Murdoch's British newspaper division, the Financial Times reported, just over a year after being cleared of criminal charges in a phone-hacking scandal.
MUNICH Munich prosecutors requested that 30 additional witnesses including Rupert Murdoch, publisher Friede Springer and Axel Springer Chief Executive Mathias Doepfner be summoned in a trial against Deutsche Bank executives.
LONDON - "It was the kind of place you get out of and you never want to go back again." That's how one former reporter describes the News of the World newsroom under editor Rebekah Brooks, the ferociously ambitious executive who ran the Sunday tabloid from 2000 to 2003. Full Article