Rupert Murdoch

Will Murdoch’s sons renew Roger Ailes’ contract?

CNN Money

Rupert Murdoch owes Fox News boss Roger Ailes a whole lot. He’s provided the vision and executive oomph behind one of Murdoch’s greatest successes.

But will Murdoch’s sons give Ailes a new contract?

Inevitably, there is mounting internal Fox speculation amid the convergence of two realities: the expiring contract of Ailes, 75, and the ascension of Murdoch’s sons, James and Lachlan, to new positions of power within the 21st Century Fox executive hierarchy.

And that speculation was only heightened Wednesday as a result of Tuesday’s Fox declaration that Ailes would report to the two sons. Last week the Fox News boss himself indicated that, regardless of the shifts in the executive suites, he’d be reporting to Rupert Murdoch.

His relationship with the two sons is notoriously uneven. Read more

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The power shift in the Murdoch Empire: What it really means

News Corp. Exeuctive Chairman Rupert Murdoch, center, and his sons, Lachlan, left, and James Murdoch Rupert Murdoch, 84, is preparing to hand over the CEO job at Twenty-First Century Fox Inc. to his son, James, 42. Lachlan, 43, currently non-executive co-chairman at Fox, will become executive co-chairman along with his father. (Photo by Dan Steinberg/Invision/AP Images)

News Corp. Executive Chairman Rupert Murdoch, center, and his sons, Lachlan, left, and James Murdoch. Rupert Murdoch, 84, is preparing to hand over the CEO job at Twenty-First Century Fox Inc. to his son, James, 42. Lachlan, 43, currently non-executive co-chairman at Fox, will become executive co-chairman along with his father. (Photo by Dan Steinberg/Invision/AP Images)

What does the transition in power at 21st Century Fox actually mean?

What might happen to the newspapers Rupert Murdoch loves so dearly, including the Wall Street Journal and New York Post?

What is the relationship of the two sons, James, who will be the clear No. 1, and Lachlan? What might shareholders think of the clear diminution of Chase Carey, the current key non-family member in the hierarchy?

How does one really explain how James Murdoch, after essentially overseeing the outrageous phone hacking scandal at the News of the World in London, survives to now essentially take over a global media goliath? Read more

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Glenn Greenwald will live-blog the torture report

Good morning. Here are 10 media stories.

  1. U.S. Senate will release torture report today

    Glenn Greenwald will live-blog. (The Intercept) | Former intelligence machers launch a website to respond to criticism. (Foreign Policy)

  2. Chris and Guy's press tour

    New Republic owner Chris Hughes and CEO Guy Vidra went on a press blitz Monday. Vidra told me remaining staffers at the in-turmoil publication were enthusiastic about its new direction after a Q&A on Friday. (Poynter) | He told Joe Nocera Vox was something like what he wanted to build under the New Republic brand. Nocera then gets browsing. "After we spoke, I went to the Vox website. I scrolled down until I saw a headline that stopped me cold. 'Everybody farts,' it read.

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Yet another NYT digital tier?

mediawiremorningGood morning. Here are 10 media stories.

  1. Another NYT subscription tier? Lucia Moses reports: “According to a survey sent to readers this week, the new offering would give users 30 articles a month for $8, over 45 percent lower than the current cheapest offering.” (Digiday) | The Times has also floated the prospect of a shorter print edition in a survey, Joe Pompeo reported last week. (Capital) | The launch of its most recent digital products “has been anything but smooth.” (Poynter) | Sam Kirkland shows you how to save money on your NYT sub. (Poynter)
  2. Edward Snowden to stay longer in Russia: He got a three-year residence permit, his lawyer says. He’ll be able to travel abroad.
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Tennessean will use data, not ‘the journalist’s gut,’ to make decisions

mediawiremorningGood morning. Here are 10 (ha ha, OK, you got me, it’s more than 10) media stories.

  1. 21st Century Fox won’t pursue Time Warner: Rupert Murdoch sent a honcho-to-honcho email to Jeffrey L. Bewkes Tuesday afternoon, notifying the Time Warner chief he was withdrawing his previous offer. (NYT) | “Arguably, shareholders had scuttled” the deal already, Brian Stelter writes: “21st Century Fox shares had dropped nearly 10% since the initial bid for Time Warner earlier this summer.” (CNN) | “Long media nerd earnings day. Was going to be fun. But now… [sad trombone]” (@pkafka) | “One large Fox investor said the market is worried about Murdoch’s discipline when it comes to deal-making,” Cristina Alesci reported Tuesday morning. (CNN) | Time Warner revenue was up 3 percent in the second quarter of 2014 over the same period the year before.
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Earns Gannett

Gannett spins off, Murdoch and Time Warner square off

mediawiremorningGood morning. Here are 10 media stories.

  1. Gannett will split publishing, broadcast assets: Its acquistion of broadcast companies and the 73 percent of Cars.com it didn’t own make this “the right time for a separation,” CEO Gracia Martore says in a statement. Robert J. Dickey will run the publishing company, which be called Gannett and will hold USA Today and 81 dailies, plus the U.K.’s Newsquest. (Poynter) | Just yesterday, Ken Doctor asked whether Gannett would be the next big media company to split its assets. (Nieman) | Rick Edmonds explained the rash of splits last week. Newspaper groups can “theoretically do better with management whose exclusive focus is on the particular challenges of that industry,” he wrote. (Poynter)
  2. Let us now observe Rupert Murdoch’s mating dance: Time Warner’s “unyielding stance has at least some analysts wondering if an acquisition really is inevitable,” Jonathan Mahler writes.
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The New Yorker still fact-checks more than you do

mediawiremorningGood morning. Here are 10 (or so) media stories.

  1. What happened between NBC News and Ayman Mohyeldin? NBC News said Friday it would return the reporter to Gaza. (HuffPost) | The clumsy move was less a conspiracy than a “news division making mistakes through ratings nervousness.” (CNN) | Here’s a Mohyeldin report from this morning. (NBC News)
  2. The new NewYorker.com launches: “The Web site already publishes fifteen original stories a day. We are promising more, as well as an even greater responsiveness to what is going on in the world.” (The New Yorker) | The publication assigns one fact-checker to its website: “And not to be defensive, but that’s one more fact-checker than probably anyone else has,” Editor David Remnick says.
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Murdoch says he won’t buy Tribune papers

Rupert Murdoch tweeted Thursday night that he doesn’t plan to buy Tribune’s newspapers. He cited the FCC’s cross-ownership rules, which forbid the same person or entity from owning a print and a top broadcast property in the same market.

Poynter reported earlier this month that Murdoch’s News Corp was rumored to be assembling a bid for the Tribune Co. papers, which are set to spin off as a separate company next month.

Murdoch also runs 21st Century Fox, which owns and operates stations in several cities that overlap with Tribune papers, including Los Angeles and Chicago.

“I am not sure this amounts to ‘case closed,” Poynter’s Rick Edmonds wrote in an email. Read more

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Jill Abramson doesn’t return NYT’s email

mediawiremorningGood morning. Almost there. Let’s go. Read more

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Rupert Murdoch

Rupert Murdoch is not giving up, the BBC cuts hundreds of jobs

mediawiremorningGood morning. Let’s do this. Read more

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