News Corp has been making headlines recently due to significant changes in its leadership structure. Rupert Murdoch, the media mogul who has long been at the helm of the company, is stepping down from his roles as chairman of both Fox Corporation and News Corporation. His son, Lachlan Murdoch, is set to take over as the sole chair of News Corp and as the executive chair and chief executive of Fox, marking a generational shift in leadership.
News Corp itself has been navigating a changing media landscape, with the company reporting a 75% drop in full-year profit. Despite this, News Corp sees opportunities on the horizon, particularly with a rise in digital subscriptions and cost-cutting measures. The company has also been in talks with major AI firms to license news content, indicating a strategic move towards embracing new technologies in the media industry.
Founded in 1980 by Rupert Murdoch, News Corporation (News Corp) is a diversified media and information services company with a global presence. Headquartered in New York City, News Corp has a history of owning and operating a wide range of media properties, including newspapers, television networks, and digital platforms. The company has played a significant role in shaping the media landscape over the years, with Rupert Murdoch's leadership being a driving force behind its growth and influence.
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Media magnate Rupert Murdoch turns 93 next week and is planning to get married again
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CNN's new chief executive, Mark Thompson, said in a strategy memo to his staff that the organization needs to recapture the “swagger and innovation” of its youth.
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Lachlan Murdoch officially becomes sole chair of News Corp and the executive chair and chief executive of Fox.
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Retail and tech companies report mixed financial results, with some showing profit increases and others facing challenges.
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Rupert Murdoch steps down as head of News Corp. and Fox Corp., designating Lachlan Murdoch as his successor.
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Toshiba will be delisted from the Tokyo Stock Exchange after a private equity consortium led by Japan Industrial Partners succeeded in a tender offer to take the company private.
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Rupert Murdoch, 92, is stepping down as chairman of Fox Corporation and News Corporation, with his son Lachlan set to take over both companies.
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Lachlan Murdoch is set to become the sole chair of News Corp and the executive chair and chief executive of Fox, succeeding his father Rupert Murdoch.
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News Corp reports a 75% drop in full-year profit but sees opportunities ahead with a rise in digital subscriptions and cost-cutting measures.