News Corp
| Use attributes for filter ! | |
| Stock price | NWSA |
|---|---|
| Disclaimer | |
| Number of employees | ~28,000 (2018) |
| Ceo | Robert Thomson |
| Owners | Murdoch family |
| Subsidiaries | Dow Jones & Company |
| News Corp Australia | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1393058 |
About News Corp
News Corporation is an American mass media and publishing company, formed as a spin-off of the original News Corporation focusing on newspapers and publishing.
Rupert Murdoch: How magnate transformed Australia's media
... " His genius has been to discover different ways in which his two passions - a desire for money and a thirst for power - can be combined, " is how Prof Robert Manne, a former News Corp contributor, described it in a 2011 essay...
Rupert Murdoch's succession drama reaches its finale
... From the 1960s, Rupert Murdoch built up News Corporation into a globe-spanning behemoth with mighty political and public influence...
Who is Rupert Murdoch?
...Rupert Murdoch is stepping down as chairman of Fox and News Corp, seemingly heralding the end of a career as one of the world s most influential media tycoons...
Rupert Murdoch steps down as Fox chairman
...Media mogul Rupert Murdoch says he is stepping down as chairman of Fox and News Corp, with his son Lachlan to head both companies...
Can Fox News afford the $787. 5m Dominion settlement?
... Rupert Murdoch and his family - who control the News Corp media empire which includes Fox News, The Times of London and The Wall Street Journal - are estimated to have a fortune of $17...
Sun publisher sets aside £127m for phone hacking cases
... News Corp split from Fox Corp in 2013, and as part of the deal Fox agreed to reimburse News Group s parent, News UK, for the cost of court cases predating the split...
Rupert Murdoch ditches plan to merge Fox and News Corp
... Mr Murdoch and his eldest son Lachlan Murdoch have announced the decision not to go ahead with the plan because it " is not optimal for shareholders of News Corp and FOX at this time"...
Rupert Murdoch pays £11,000 for Boris Johnson to visit
... Mr Murdoch s News Corp owns several newspapers including the Wall Street Journal in the US, and the Sun and the Times in the UK...
Can Fox News afford the $787. 5m Dominion settlement?
By Peter Hoskins and Michelle FleuryBBC News
In a last-minute deal, Fox News has settled a defamation lawsuit from voting machine firm Dominion over its coverage of the 2020 US election.
The Network , controlled by media mogul Rupert Murdoch and His Family , agreed to pay Dominion $787. 5m (£634m).
While the payout is large, it means Fox avoids what was billed by some as the defamation trial of The Century .
However, The Network faces a second, similar lawsuit from another election technology firm, Smartmatic.
The Settlement means that Fox and Dominion can now put the case behind them with both firms being able to claim victory.
" The reality is two big companies in this case, are by nature risk averse. And any time you got a jury, it's risky, " David Logan , professor of law at Roger Williams University, told The Bbc .
At almost $800m, it is one of the biggest ever financial settlements in a defamation case.
" It's obviously a significant number, and we shouldn't dismiss that. I mean, it is a really, really large number, " Angelo Carusone, president of left-leaning media watchdog Media Matters for America, told The Bbc .
However, it is less than half the $1. 6bn initially sought by Dominion.
" That said, The Number isn't big enough on its own to actually change Fox News ' behaviour, " Mr Carusone added.
To put the payout into context, parent company Fox Corporation reported net income of $1. 23bn for The Last financial year
It is also sitting on large reserves of cash - Around $4bn, according to recent company filings.
Rupert Murdoch and His Family - who control the News Corp media empire which includes Fox News , The Times of London and The Wall Street Journal - are estimated to have a fortune of $17. 6bn, according to Forbes magazine.
The Deal also spares Fox executives, including Mr Murdoch, and some of The Network 's anchors from having to testify in one of The Most high-profile defamation trials in history.
" Fox was going to have to deal with Another Round of embarrassing revelations, " Prof Logan said.
The Company 's legal team may have also been weighing the potential financial cost if the case had gone ahead and Dominion had won.
However, Fox will not be able to put the issues of its reporting on the 2020 presidential election behind it quite yet.
It still faces a second, similar defamation lawsuit from another election technology firm, Smartmatic, which is seeking $2. 7bn.
For Dominion, the $787. 5m Fox payout may be just the start.
It still has outstanding cases against Fox's smaller rivals Newsmax and OAN plus several of former President Donald Trump 's associates.
Related TopicsSource of news: bbc.com
