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May 15, 2012

From Campari to Ferragamo, a number of family businesses across the world have seen their revenues grow during the first quarter of the year, while Canadian train and plane maker Bombardier has seen its sales nosedive. 

From Campari to Ferragamo, a number of family businesses across the world have seen their revenues grow during the first quarter of the year, while Canadian train and plane maker Bombardier has seen its sales nosedive.

In Italy, drinks company Campari, which is controlled by the Garavoglia family, said on 15 May that sales increased by 4% to €279.3 million during the first three months of 2012. Pre-tax profit at the Milan-based group also rose by 4.6% to €52.8 million during the quarter.

April 26, 2012

Rupert Murdoch, the chief executive and chairman of News Corporation, proved that age needn't be any handicap when dealing with one of the finest legal minds in the UK, so why isn’t he capable of running his media empire?

What is it about age and family businesses? For all the talk from consultants and experts about the necessity of passing on the running of a family business to next-gens early there are cases like Rupert Murdoch.

The chief executive and chairman of News Corporation proved that age needn't be any handicap when dealing with one of the finest legal minds in the UK, so why isn’t he capable of running his media empire?

April 26, 2012

The ongoing scrutiny into press ethics in Britain is a serious affair no doubt, but the Leveson inquiry turned into a next-gen meeting this week, when the sons of three of the biggest owners of media groups showed up at the High Court in London. 

The ongoing scrutiny into press ethics in Britain is a serious affair no doubt, but the Leveson inquiry turned into a next-gen meeting this week, when the sons of three of the biggest owners of media groups showed up at the High Court in London.

Aidan Barclay, son of billionaire father Sir David Barclay, who has owned the Telegraph Media Group since 2004, turned up at the Leveson inquiry on 23 April. He was followed by fellow next-gen Evgeny Lebedev, the offspring of Russian tycoon Alexander Lebedev.

October 12, 2011

News Corp has called on its shareholders to ignore recommendations from a number of advisory groups and instead vote in favour of its board and Rupert Murdoch’s bonus.

News Corp has called on its shareholders to ignore recommendations from a number of advisory groups and instead vote in favour of its board and Rupert Murdoch’s bonus.

In a filing to the Securities and Exchange Commission, the media conglomerate, which is controlled by the Murdoch family, said there has been a “disproportionate focus” on the phone-hacking scandal at the now defunct News of the World, adding that its board is “extremely strong”.

September 30, 2011

A big revolt by institutional investors against the current New Corporation board is likely, according to a shareholders advisory group, but the Murdoch family is still expected to retain its prominent position at the media conglomerate. 

A big revolt by institutional investors against the current New Corporation board is likely, according to a shareholders advisory group, but the Murdoch family is still expected to retain its prominent position at the media conglomerate.

August 8, 2011

Appointments of family members to boards are often more successful if they happen following a transparent nomination process and are based on a person’s ability, according to one leading family business commentator.

Appointments of family members to boards are often more successful if they happen following a transparent nomination process and are based on a person’s ability, according to one leading family business commentator.

Professor Joachim Schwass from Swiss-based business school IMD said a family member’s success on a company board is dependent on their internal and external credibility, adding that all family board appointments should be assessed based on these factors.

August 8, 2011

Elisabeth Murdoch will not join her father and brothers on News Corporation’s board, following suggestions the Murdoch family were too dominant at the media conglomerate. 

Elisabeth Murdoch will not join her father and brothers on News Corporation’s board, following suggestions the Murdoch family were too dominant at the media conglomerate.

After News Corp purchased Elisabeth’s TV production company Shine Group, known for making dramas such as The Tudors and Ashes to Ashes, in February, her father, Rupert Murdoch, said he expected his daughter would join News Corp’s board once the acquisition was completed.

August 4, 2011

The decision by News Corporation’s independent non-executive directors to hire a law firm to carry out an audit of governance practices is almost a “surrogate for a board evaluation”, according to analyst Jennifer Pendergast, from the US-based Family Business Consulting Group. 

The decision by News Corporation’s independent non-executive directors to hire a law firm to carry out an audit of governance practices is almost a “surrogate for a board evaluation”, according to analyst Jennifer Pendergast, from the US-based Family Business Consulting Group.

In July, the directors took on law firm Debevoise & Plimpton to offer advice on good corporate governance at the media conglomerate, which is dominated by Rupert Murdoch and his family.

July 21, 2011

In the last few weeks, there can be few better and more engrossing portrayals of the trials and tribulations of a family business than that of the Murdoch-controlled media group News Corporation. Nor is there likely to be for years to come.

In the last few weeks, there can be few better and more engrossing portrayals of the trials and tribulations of a family business than that of the Murdoch-controlled media group News Corporation. Nor is there likely to be for years to come.

The phone-hacking scandal involving News International, the UK division of News Corp, has gone global – few people with access to a TV or any other devise that disseminates news wouldn’t know about the scandal and who Rupert Murdoch is by now such is the blanket coverage of the event.

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