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March 10, 2010

Rupert Murdoch, the family head of media empire News Corporation, announced yesterday that the company plans to expand its presence in the Middle East and base its operations there in Abu Dhabi.

Rupert Murdoch, the family head of media empire News Corporation, announced yesterday that the company plans to expand its presence in the Middle East and base its operations there in Abu Dhabi.
 
Speaking at the Abu Dhabi Media Summit, he said: "We will headquarter the Middle East operations for our global online advertising network business in Abu Dhabi."

January 22, 2010

Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, has publicly backed James Murdoch to succeed Rupert Murdoch at News Corp when Rupert finally decides to step aside.

Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, has publicly backed James Murdoch to succeed Rupert Murdoch at News Corp when Rupert finally decides to step aside.

In an interview with on an American talk show Alwaleed said: "If he doesn't appoint him I will be the first one to nominate him to be the successor of Mr Rupert Murdoch, God forbid if something should happen to him.

December 16, 2009

Brian Roberts completed his first triathlon this year. The event that challenges participants to compete in swimming, running and cycling should be a good preparation for the 50-year-old Comcast chief executive as his cable company takes over the television and movie operations of NBC Universal.

Brian Roberts completed his first triathlon this year. The event that challenges participants to compete in swimming, running and cycling should be a good preparation for the 50-year-old Comcast chief executive as his cable company takes over the television and movie operations of NBC Universal.

December 10, 2009

Lachlan Murdoch, the eldest son of media tycoon Rupert Murdoch, sold his remaining non-voting shares in News Corp this week.

Lachlan Murdoch, the eldest son of media tycoon Rupert Murdoch, sold his remaining non-voting shares in News Corp this week.
 
According to a filing made on Tuesday with the Securities and Exchange Commission in the US, Lachlan's trust sold 2.3 million Class A News Corp shares for $28.3 million. This sale follows a similar one last week that saw Lachlan (pictured) sell another 2.3 million shares.
 

November 10, 2009

Rupert Murdoch, chairman of News Corp, has once again reiterated his desire that one of his children to succeed him as head of the international multimedia company.

Rupert Murdoch, chairman of News Corp, has once again reiterated his desire that one of his children to succeed him as head of the international multimedia company.
 
In an interview with Sky News Australia, Murdoch said: "I am sure one of them will emerge. It would be nice, every parent wants to see that." The family is in control of 40% of the voting rights for the business and, according to Murdoch, has regular succession meetings.
 

June 4, 2009

Rupert Murdoch has unveiled News Corporation veteran Chase Carey as his new right hand man. Carey replaces Peter Chernin, described as being “a trusted friend” by Murdoch, who leaves on 1 July.

Rupert Murdoch has unveiled News Corporation veteran Chase Carey as his new right hand man. Carey replaces Peter Chernin, described as being "a trusted friend" by Murdoch, who leaves on 1 July.

Carey, who spent 15 years as a senior executive at News Corp before becoming CEO of The DIRECTV Group in 2003, becomes deputy chairman, president and COO. Reporting to Murdoch, he will have an oversight of the group's global operations and join the board of directors.

February 26, 2009

The surprise announcement of the departure of Rupert Murdoch’s right hand man earlier this week is not only a blow to News Corporation’s immediate future, it also poses more questions about the 77-year-old media mogul’s succession plan.

The surprise announcement of the departure of Rupert Murdoch's right hand man earlier this week is not only a blow to News Corporation's immediate future, it also poses more questions about the 77-year-old media mogul's succession plan writes Marc Smith.

January 28, 2009

News Corp chairman and CEO Rupert Murdoch has used his role as co-chair of the 2009 World Economic Forum to issue a rallying cry to participants to overcome the current challenges.

News Corp chairman and CEO Rupert Murdoch (pictured) has used his role as co-chair of the 2009 World Economic Forum to issue a rallying cry to participants to overcome the current challenges.

Although the world still in crisis, according to the media mogul, we should treat it “as an opportunity to set goals for how we want to come out of it, such as energy sufficiency, world pollution ... and shape policies which will help to solve some of those problems.”

May 1, 2008

Rupert Murdoch has been reprimanded by the Special Committee he himself agreed to set up to guarantee the editorial integrity of the Wall Street Journal.

Rupert Murdoch has been reprimanded by the Special Committee he himself agreed to set up to guarantee the editorial integrity of the Wall Street Journal. The committee was established after the exiting Bancroft family expressed fears about Murdoch's influence in the wake of his purchase of Dow Jones & Co.

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