RUPERT MURDOCH

Amid an unprecedented global economic crisis, The World Economic Forum 2009 taking place in Davos, Switzerland kicks off from Jan 28 to February 1, as thousands of key economic figures come together to discuss and find ways to stabilize and relaunch the global economy.

Revenue is growing at the News Corp division which includes social networking site Myspace despite the economic downturn but measuring the value of online friends has let to setbacks in growth.

News Corp. owner Rupert Murdoch is moving his 6-month old Wall Street Journal from Manhattan's financial district to midtown where the company's headquarters are located at 1211 Sixth Avenue.

Rupert Murdoch's News Corp. has withdrawn its bid to buy Tribune Co's Newsday newspaper, the Wall Street Journal reported on its website on Saturday, citing people familiar with the matter.

News Corp., the owner of the MySpace Web site and Fox television, said on Wednesday its quarterly net profit rose three-fold on higher advertising sales and on a gain from the sale of its stake in DirecTV Group Inc.

A federal judge presiding over a corporate spying suit against News Corp said the company could lose the case worth hundreds of millions of dollars if Chairman and Chief Executive Rupert Murdoch fails to testify about what he knew, according to media reports released Monday.

Cablevision Systems Corp. plans to make an offer of up to $650 million to purchase Newsday from Tribune Co., according to media reports released Wednesday.

U.S. newspaper circulation fell sharply in the six months leading through March, with the exception of the two largest national dailies, USA Today and The Wall Street Journal, as more readers turn to online sites to read the latest news.

News Corp. CEO Rupert Murdoch faces challenges following media ownership rules that the Federal Communications Commission recently adopted, as it nears completion of a deal to acquire Newsday.

News Corp. plans to buy Long Island's Newsday newspaper which belongs to Tribune Co. for $580 million, anonymous sources said today.

Social network portal MySpace, a unit of Rupert Murdoch's News Corp., launched its India-dedicated Web site on Thursday, named MySpace India, expanding its presence into 29 global regions.MySp...

Rupert Murdoch's News International has opened the world's biggest printing plant in Broxbourne, Hertfordshire, representing £650 million of investment by the company.

Yahoo Inc is in talks on a possible deal with News Corp, but analysts said an alternative was unlikely to emerge to rival Microsoft Corp's bid for Yahoo, now valued at $42.1 billion. News of the talks to combine their Web properties may involve a cash infusion from Rupert Murdoch's News Corp and an unnamed private equity fund.

The head of the U.S. Federal Communications Commission said on Friday he is urging the agency to approve Liberty Media's acquisition of News Corp's stake in DirecTV.

Rupert Murdoch, Chair of global media giant News Corporation, has said that he would not be making a rival bid for Yahoo, in response to Microsoft's $44.6 billion offer made last week.

News Corp's Fox brought in $250 million in advertising revenue on the strength of the most-watched Super Bowl ever, according to news reports.

Online readers will not be able to access all content for free on WSJ.com, The Wall Street Journal's website , News Corp chairman Rupert Murdoch confirmed on Thursday at the World Economic Forum.

Lachlan Murdoch, son of media tycoon Rupert Murdoch, and Australian gaming magnate James Packer launched a joint A$3.3 billion ($2.9 billion) offer on Monday to buy out the Packer-backed publishing company Consolidated Media Holdings CMJ.AX.

Investor Mario Gabelli may want to thank billionaire tycoons Rupert Murdoch and Sam Zell for a good year in 2007 and a record high in the stock price of his GAMCO Investors Inc.

Dow Jones & Co. shareholders approved the company's $5.6 billion sale to Rupert Murdoch's News Corp. on Thursday, the company reported.

Media conglomerate, News Corp, has acquired the spiritual and religious media site Beliefnet late last night in a to move to place the company into another fast growing market.