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June 28 to see News Corp split into two companies
Media Industry News.NetWASHINGTON - Rupert Murdoch's News Corporation Friday announced the planned separation of the $76-billion conglomerate into two distinct publicly traded companies, with one to be renamed 21st Century Fox and the publishing firm to retain the News Corp brand. The split has been formally approved by the Board of Directors. The Company announced appointments to the Boards of Directors of both ...
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Mike Darnell Steps Down as Fox Reality Capo
Media WeekNearly 20 years into a stint that saw him steer an unscripted slate that included the likes of When Animals Attack! and American Idol, Fox president of alternative entertainment Mike Darnell is leaving the ...
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UPDATE 3-News Corp to take charge of up to $1.4 bln this quarter
ReutersFri May 24, 2013 7:46pm EDT * Australian publishing assets mostly to blame * Board formally approves split into two companies By Jennifer Saba May 24 (Reuters) - News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said ...
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Google to bankroll build wireless networks across Africa WSJ
ReutersFri May 24, 2013 5:51pm EDT (Reuters) - Google Inc intends to finance, build and help operate wireless networks from sub-Saharan Africa to Southeast Asia, hoping to connect a billion or so people in emerging countries to the Internet, the Wall Street Journal reported on Friday. The Internet search giant - which has for years espoused universal Web access - is employing a patchwork quilt of ...
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UPDATE 2-U.S. senator urges extreme caution on SoftBank -Sprint deal
ReutersFri May 24, 2013 5:48pm EDT By Doug Palmer and Liana B. Baker WASHINGTON May 24 (Reuters) - An influential U.S. senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel , warning it could expose the United States to Chinese cyber attacks. "I have real concerns that this deal, if approved, could make American industry and ...
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Oklahoma singer Shelton to headline May 29 tornado relief benefit
ReutersLOS ANGELES | Fri May 24, 2013 5:43pm EDT LOS ANGELES May 24 (Reuters) - Oklahoma country singer Blake Shelton said on Friday that he will headline a concert to benefit the victims of the Oklahoma tornado that swept through the city of Moore earlier this week, leaving 24 dead and thousands homeless. Shelton, a native of Ada, Oklahoma, which is 75 miles (120 km) northwest of Moore, said ...
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Fox executive Darnell to leave TV network after ratings slump
ReutersLOS ANGELES | Fri May 24, 2013 5:34pm EDT LOS ANGELES May 24 (Reuters) - Longtime Fox television executive Mike Darnell, who helped shepherd "American Idol" to the top of U.S. TV ratings, will leave the network, Fox said on Friday, after the network lost its lead among the younger audience most appealing to advertisers. Darnell, 51, the network's president of alternative ...
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UPDATE 2-Egyptian tycoon to buy MTS fiber network in new Canada push
ReutersFri May 24, 2013 5:08pm EDT * MTS to sell Allstream business for C$520 mln * MTS shares jump more than 5 percent in Toronto * Deal could result in MTS becoming takeover target By Alastair Sharp and Euan Rocha TORONTO, May 24 (Reuters) - Manitoba Telecom Services Inc will sell its Allstream fiber optic network to a company controlled by telecom tycoon Naguib Sawiris for C$520 million (US$503 ...
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UPDATE 1-U.S. Justice Department defends journalist email search
ReutersFri May 24, 2013 4:48pm EDT (Adds background and details in paragraphs 3-8) WASHINGTON May 24 (Reuters) - The U.S. Justice Department said on Friday that senior officials including Attorney General Eric Holder vetted a decision to search an email account belonging to a Fox News reporter whose story on North Korea prompted a leak investigation. In a statement emailed to Reuters, the department ...
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CORRECTED-Tiger Global invests $50 million in Automattics WordPress.com
ReutersFri May 24, 2013 4:31pm EDT (Corrects to "automattic" from "wordpress" in second paragraph. Corrects spelling of name to Mullenweg from Mullen in seventh paragraph) By Sarah McBride SAN FRANCISCO May 24 (Reuters) - Automattic, the company that operates blogging service WordPress.com, announced a $50 million investment from hedge fund Tiger Global on Friday. The investment comes on ...
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Pac-Mania alive and well
CNet(Credit: Getty Images) We missed the official anniversary by a couple of days -- mark the calendar for May 22 -- but let's not close the week without taking a moment to mark Pac-Man's remarkable status as a cultural icon. In the 33 years since the game's creator, Toru Iwatani, saw his invention make it into the market for the first time, Pac-Man has become a reference point in ...
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Secret Twitter garden reveals itself when you tweet
Cnet(Credit: University of Lincoln) It's always good to stop and smell the roses, but sometimes you have to tweet to access them. At least that's how it works with an interactive Internet-connected garden created by the ...
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Yahoo said to press play on Hulu bid
CnetAllThingsD . Yahoo joins others such as Directv, Time Warner Cable, and The Chernin Group in making a play for Hulu, which is jointly owned by Walt Disney, News Corp., and Comcast. Guggenheim Digital, headed by former interim Yahoo CEO Ross Levinsohn, is also in the mix. The Internet titan's interest in Hulu closely follows ...
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Ad of the Day Dodge
AdWeekIt's the rare commercial that you wish went on longer. But such is the case with this 30-second Dodge Charger spot advertising the Chrysler brand's tie-in with the groundbreaking TV show/video game ...
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Deals of the day -- mergers and acquisitions
ReutersFri May 24, 2013 4:07pm EDT May 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: ** Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on ...
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