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...
Sun publisher sets aside £127m for phone hacking cases
By Ben KingBusiness reporter, BBC News
The publisher of The Sun newspaper has set aside £127m to cover the costs of phone hacking court cases, according to recent company filings.
News Group Newspapers said it hoped the sum would resolve the " tail end of litigation" sparked by years-old revelations that staff had intercepted voicemails of celebrities and others.
A case brought by Prince Harry is among those covered, The Bbc understands.
News Group said the sum was not A Sign it accepted liability.
Hundreds of celebrities have brought cases for voicemail interception against News Group Newspapers, the publisher of The Sun and the defunct News of The World , over More Than a decade.
The volume of phone hacking allegations against The News of The World led to The Paper 's closure in 2011.
There has been a rush of new cases filed since a judge imposed a cut-off date for new claims to join the current wave going through the courts.
A spokesperson for News Group Newspapers said: “In 2012, an unreserved apology was made to all of those who had brought cases against The News of The World for voicemail interception. Since then, NGN has been paying financial damages to claimants. "
The News Group spokesperson added: “There are A Number of disputed claims Still Going through the civil courts including some which seek to involve The Sun . The Sun does not accept liability or make any admissions to the allegations. It is of course common litigation practice for parties to reach a settlement before trial to bring a resolution to The Matter for commercial reasons. ”
News Group earmarked £46. 8m for damages and claimant's legal expenses relating to phone hacking and inappropriate payments to public officials in the Twelve Months to 3 July 2022, and another £53m for future costs, totalling £99. 8m, according to accounts filed at Companies House .
It has budgeted a further £27. 5m for legal fees relating to the closure of The News of The World .
That marked a significant increase from the £49m in legal fees and damages The Firm disclosed in the previous year.
The Final sum may be significantly higher or lower than this, “depending on The Course of the litigation,” The Company noted in the accounts.
The legal costs helped to push The Company into an annual loss of £127m, up from £52m the previous year.
Turnover was slightly up at £320m, boosted by higher digital advertising revenue.
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 .
News Corp is run by The Billionaire media mogul Rupert Murdoch , who is executive chairman, and controlled by the Murdoch family.
Actor Sienna Miller and footballer Paul Gascoigne , who in 2021, are among the dozens of high-profile figures who have resolved cases against The Firm .
Related TopicsSource of news: bbc.com
