LOS ANGELES (AP) — News Corp. CEO Rupert Murdoch (click here) has filed for divorce from Wendi Deng Murdoch, his wife since 1999, citing a breakdown in the relationship. The matter doesn't alter the succession plan for the media company, which the 82-year-old founder controls through a family trust.
Murdoch filed a one-page document Thursday indicating that he was opening a divorce case in New York State Supreme Court in Manhattan.
A News Corp. spokesperson confirmed the filing.
A sealed document with the filing says, "the relationship between the husband and wife has broken down irretrievably," according to a person familiar with the matter, who spoke on condition of anonymity because the matter was personal....
Dissident investors voice concern over Rupert Murdoch's role as group splits into publishing and entertainment companies (click here)
by Dominic Rushe
News Corp shareholders formally approved a plan to split the media giant's troubled publishing assets from its entertainment division on Tuesday at a special meeting in New York.
Rupert Murdoch, the chairman and chief executive, said the majority of shareholders had approved the plan, which will create two companies out of the media empire he created. The News Corp name will carry on as the home of the company's publishing assets while the entertainment division will be called 21st Century Fox.
Both companies will be chaired by Murdoch, who will also be chief executive of 21st Century Fox. The Murdoch family controls the majority of News Corp's shares. Shares in the two companies will begin trading separately on 1 July.
"Today's announcement is a significant step in creating two independent companies with the world's leading portfolios of publishing and media and entertainment assets," said Murdoch. " "We continue to believe that the separation will unlock the true value of both companies and their distinct assets."...
By Med James
David F. DeVoe, chief financial officer of News Corp. (click here) for the last 15 years, is stepping down.
DeVoe, who has been part of Rupert Murdoch's inner circle for more than 25 years, will exit his executive role after the company completes its split into two separately traded companies. At the end of this month, News Corp. plans to spin off its TV and movie entertainment assets into a new company named 21st Century Fox.
The other company, made up of the Wall Street Journal, New York Post and HarperCollins book publishing, will take the News Corp. name....
June 14, 2013
...If you recall, (click here) Fox and Palin publicly parted ways earlier this year. Fox chose not to renew a contract that had reportedly paid Palin $1 million annually for three years.
She’s probably getting paid a lot less than that now, although terms of the contract weren’t released. Still, there had been some grumbling from Fox about the quality, or perceived lack thereof, of Palin’s on-camera work. So what’s changed? Why have Fox and Miss Wasilla of 1984 chosen to rejoin forces?...
