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March 31 ACMA Eye Pa
8 March 31 - April 1, 2012 The Weekend Australian Financial Review www.afr.com News Pay TV piracy From `big problem' to `fixable' Porter changes view on severity Austar Key points Angus Grigg @ John Porter and Kim Williams lobbied to make pay TV piracy a specific criminal offence. Austar chief executive John Porter conceded on Friday piracy in the @ On Friday, Mr Porter said such pay TV industry was a major issue piracy was `not an endemic and may have cost his company long-term problem'. up to $17 million in some years. ªYeah, look, it is a big number,º Cottle as a threat to any NDS he told the Weekend Financial systems but without disturbing his Review. ªI acknowledge that piracy other hacking activities (as much was a significant problem but as possible),º Ms Gutman wrote. there is always a fix.º ªWe do not want Cottle in jail Mr Porter's comments come until he has a successor for the after The Australian Financial Irdeto hack.º Review published a series of Austar was one of Irdeto's main articles during the week detailing clients in Australia. Mr Porter how a News Corp subsidiary, NDS, would not comment on the email promoted a global wave of pay TV except to say: ªAvigail what's-her- piracy in the late 1990s. name was maybe a little too Austar and its smartcard excitable.º provider, Irdeto, were two of NDS's He also argued that it was in main targets. ªnobody's interestº to have the On Friday, Austar shareholders Irdeto platform hacked, as it had voted in favour of a takeover by also provided services to Foxtel's Foxtel, cementing its dominance satellite customers. -
In the Court of Chancery of the State of Delaware
EFiled: Jun 10 2011 6:15PM EDT Transaction ID 38082821 Case No. 6285-VCN IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ) In re NEWS CORPORATION ) Consolidated SHAREHOLDER DERIVATIVE ) C.A. No. 6285-VCN LITIGATION ) OPENING BRIEF IN SUPPORT OF DEFENDANTS K. RUPERT MURDOCH, JAMES MURDOCH, LACHLAN MURDOCH, CHASE CAREY, DAVID DEVOE, JOEL KLEIN, ARTHUR SISKIND, JOSE MARIA AZNAR, NATALIE BANCROFT, KENNETH COWLEY, VIET DINH AND JOHN THORNTON’S MOTION TO DISMISS SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP One Rodney Square P.O. Box 636 Wilmington, Delaware 19899-0636 Tel.: (302) 651-3000 Fax: (302) 651-3001 Attorneys for Defendants K. Rupert Murdoch, James Murdoch, Lachlan Murdoch, Chase Carey, David DeVoe, Joel Klein, Arthur Siskind, Jose Maria Aznar, Natalie Bancroft, Kenneth Cowley, Viet Dinh and John Thornton Dated: June 10, 2011 TABLE OF CONTENTS TABLE OF CASES AND AUTHORITIES...................................................................... iii PRELIMINARY STATEMENT .........................................................................................1 STATEMENT OF FACTS ..................................................................................................3 A. The Parties...................................................................................................3 B. The Shine Transaction. ................................................................................4 C. The Allegations In The Amended Complaint..............................................5 ARGUMENT.......................................................................................................................7 -
In 2005, Lachlan Murdoch Walked Away from a Worldwide Media Empire That Could Have Been His. Now, After Nearly a Decade of Exile
HEIR FORCE ONE HANDS ON After nearly nine years of pursuing his own life in Australia, Lachlan AKELA/CORBIS; AKELA/CORBIS; M Murdoch—shown here In 2005, Lachlan Murdoch walked away from a worldwide media during News Corp.’s ARK ARK stressful summer of empire that could have been his. Now, after nearly a decade of M 2011—may finally be ready to take the reins. exile, power struggles, and near-catastrophic scandals, the firstborn Opposite: A protester sets fire to a copy of son of Rupert is on the verge of claiming the News Corp. throne. the now-defunct News FROM LEFT: © © LEFT: FROM WINNING/REUTERS ANDREW of the World, 2011. By MICHAEL WOLFF 152 | TOWNANDCOUNTRYMAG.COM avowals of love, always as though no one else were in the room. The Mur- dochs were the Murdochs to the exclusion of everyone else. They shared FATHER AND SON, not only billions of dollars, a global power base, and a sense of utmost LOCKED in A WAR OF WillS destiny, but a failure to separate in any modern family way. They lived in a bubble—continents apart but tying up their yachts together at conve- AND EGO AND PriDE, nient moments as often as many other families get together for dinner. This was the political reality lived by such people as then News HAVE SUffERED GREATLY Corp. COO Peter Chernin, Fox News head Roger Ailes, and Fox in THE STANDOff. broadcasting chief Chase Carey (now president and COO of 21st Century Fox). These professional managers had been key players in transforming News Corp. -
News Corporation 1 News Corporation
News Corporation 1 News Corporation News Corporation Type Public [1] [2] [3] [4] Traded as ASX: NWS ASX: NWSLV NASDAQ: NWS NASDAQ: NWSA Industry Media conglomerate [5] [6] Founded Adelaide, Australia (1979) Founder(s) Rupert Murdoch Headquarters 1211 Avenue of the Americas New York City, New York 10036 U.S Area served Worldwide Key people Rupert Murdoch (Chairman & CEO) Chase Carey (President & COO) Products Films, Television, Cable Programming, Satellite Television, Magazines, Newspapers, Books, Sporting Events, Websites [7] Revenue US$ 32.778 billion (2010) [7] Operating income US$ 3.703 billion (2010) [7] Net income US$ 2.539 billion (2010) [7] Total assets US$ 54.384 billion (2010) [7] Total equity US$ 25.113 billion (2010) [8] Employees 51,000 (2010) Subsidiaries List of acquisitions [9] Website www.newscorp.com News Corporation 2 News Corporation (NASDAQ: NWS [3], NASDAQ: NWSA [4], ASX: NWS [1], ASX: NWSLV [2]), often abbreviated to News Corp., is the world's third-largest media conglomerate (behind The Walt Disney Company and Time Warner) as of 2008, and the world's third largest in entertainment as of 2009.[10] [11] [12] [13] The company's Chairman & Chief Executive Officer is Rupert Murdoch. News Corporation is a publicly traded company listed on the NASDAQ, with secondary listings on the Australian Securities Exchange. Formerly incorporated in South Australia, the company was re-incorporated under Delaware General Corporation Law after a majority of shareholders approved the move on November 12, 2004. At present, News Corporation is headquartered at 1211 Avenue of the Americas (Sixth Ave.), in New York City, in the newer 1960s-1970s corridor of the Rockefeller Center complex. -
How Murdoch Outfoxed CBS V3.0
How Rupert Murdoch Outfoxed Larry Tisch: Ten Enduring Lessons from the Negotiations that Wrested the NFL from CBS James K. Sebenius Working Paper 19-098 How Rupert Murdoch Outfoxed Larry Tisch: Ten Enduring Lessons from the Negotiations that Wrested the NFL from CBS James K. Sebenius Harvard Business School Working Paper 19-098 Copyright © 2019 by James K. Sebenius Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. How Rupert Murdoch Outfoxed Larry Tisch: Ten Enduring Lessons from the Negotiations that Wrested the NFL from CBS By James K. Sebenius,* March 7, 2019 Abstract A remarkable 1993 negotiation rocked the world of American football with aftershocks that have directly shaped today’s entertainment and media landscapes, and even our polarized politics. In December of that year, Rupert Murdoch’s fledgling Fox Network unexpectedly displaced longtime incumbent CBS as the host of the National Football League’s flagship programming. Fox’s negotiating success seemed most unlikely given that CBS had regularly renewed these NFL rights since 1956, enjoyed a good relationship with the NFL, sported an acclaimed broadcast unit, and had affiliates in virtually all important U.S. markets. Yet acquisition of these NFL rights directly enabled the expansion Fox, then a minor broadcaster, into the media behemoth of today. For many observers, Fox’s NFL “heist” looked like the result of a simple move: Fox offered more money than CBS. A closer analysis, however, suggests a far more complex reality with ten broader lessons for negotiators facing challenging situations. -
Before the FEDERAL COMMUNICATIONS COMMISSION Washington, D.C
Before the FEDERAL COMMUNICATIONS COMMISSION Washington, D.C. 20554 FCC 95- 188 In re Application of ) ) FOX TELEVISION STATIONS, ) File No. BRCT-940201KZ INC. ) ) For Renewal of License of ) Station WNYW-TV, ) New Yoik, New York ) MEMORANDUM OPINION AND ORDER Adopted: May 4, 1995 Released: May 4, 1995 By the Commission: Commissioner Quello concurring and issuing a statement TABLE OF CONTENTS I. INTRODUCTION ..................................... 2 H. SUMMARY ......................................... 5 HI. BACKGROUND ...................................... 12 IV. PROCEDURAL STANDARDS ............................ 29 V. ALIEN OWNERSHIP OF FTS EXCEEDS THE BENCHMARK ESTABLISHED IN SECTION 310(b)(4) ............ 31 A. The Ownership Benchmark Applies to Beneficial Ownership Interests ................................ 33 B. Capital Contributions as "Capital Stock" ................... 45 C. Mechanics for Exercising Commission Discretion Under Section 310(b)(4) ............................. 51 8452 VI. ALLEGED MISREPRESENTATION AND LACK OF CANDOR ................................... 56 A. The Parties' Contentions ............................. 57 B. Legal Standards for Misrepresentation and Lack of Candor ................................... 59 C. A Brief History of the Commission's Construction of Section 310(b)(4) ................................ 64 D. FTS's 1985 Application .............................. 70 1. The Parties'.-Contentions ......................... 70 2. The Efficacy of FTS's Disclosures ................... 77 3. The State of the Law -
The News Story That Kept Changing
The Australian Financial Review 14 Thursday 29 March 2012 l www.afr.com PAY TV PIRACY Financial Review Special Investigation The News story that kept changing When the British media got wind of a UK piracy site being funded by News Corp's secret unit, the media giant went into damage control but it couldn't get its story straight, writes Neil Chenoweth. Rupert Murdoch’s media empire Peter Ferrigno on March 14, Bell a successful competitor,” Ferrigno was ready to fight back against ticked off the steps News needed to reported back to News executives on claims that it promoted television take to pacify stock analysts, March 15. piracy against its rivals, and the investors and government regulators. Murdoch and Chernin both stayed emails were flying back and forth But his advice to Ferrigno on how clear of the controversy, despite the between News Corporation to handle the media was blunt: don’t close historical role the Office of the executives in Britain and the office say anything. Chairman had overseeing NDS; of the chairman in New York. “The only thing that might be Lachlan and James Murdoch were It was March 2002 and the idea useful here would be to get a very both on the NDS board at various that a $40 billion international senior Newscorp executive – times, along with News general media group such as News Corp Rupert himself or maybe [chief counsel Arthur Siskind, finance could be engaged in wholesale operating officer] Peter Chernin, to director David DeVoe and Chernin’s corporate espionage seemed so refer to the lawsuit . -
Federal Communications Commission FCC 08-66 1 Before the Federal
Federal Communications Commission FCC 08-66 Before the Federal Communications Commission Washington, D.C. 20554 In the Matter of ) ) NEWS CORPORATION and ) MB Docket No. 07-18 THE DIRECTV GROUP, INC., Transferors, ) ) and ) ) LIBERTY MEDIA CORPORATION, Transferee, ) ) For Authority to Transfer Control MEMORANDUM OPINION AND ORDER Adopted: February 25, 2008 Released: February 26, 2008 By the Commission: Commissioner Copps concurring and issuing a statement; Commissioner Adelstein approving in part, dissenting in part and issuing a statement. TABLE OF CONTENTS Heading Paragraph # I. INTRODUCTION.................................................................................................................................. 1 II. DESCRIPTION OF THE PARTIES ...................................................................................................... 6 A. The DIRECTV Group, Inc............................................................................................................... 6 B. Liberty Media Corporation .............................................................................................................. 8 C. News Corporation .......................................................................................................................... 13 III. THE PROPOSED TRANSACTION.................................................................................................... 16 A. Description.................................................................................................................................... -
Proxy Statement Pursuant to Section 14(A) of the Securities Exchange Act of 1934 (Amendment No
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☒ Definitive Proxy Statement ☐ Definitive Additional Materials ☐ Soliciting Material under Section 240.14a-12 Fox Corporation (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement if other than the Registrant) Payment of Filing Fee (Check the appropriate box): ☒ No fee required. ☐ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: ☐ Fee paid previously with preliminary materials. ☐ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: Table of Contents November 14, 2019 at 10:00 a.m. -
Nova Law Review Full Issue
Nova Law Review Volume 39, Issue 3 2017 Article 1 Nova Law Review Full Issue Copyright c 2017 by the authors. Nova Law Review is produced by The Berkeley Electronic Press (bepress). https://nsuworks.nova.edu/nlr novalaw39n3_Layout 1 9/14/15 8:57 AM Page 1 et al.: Nova Law Review Full Issue Vol. 39 No. 3 39 No. Vol. NOVA LAW REVIEW Nova LAW Southeastern University NOVA NEW MEDIA AND OLD METAPHORS INTRODUCTION JON M. GARON RECLAIMING THE PROMISE OF FREE LOCAL BROADCASTING: SPECTRUM REALLOCATION AND PUBLIC INTEREST IN THE POST- AEREO AGE MICHAEL M. EPSTEIN COPYRIGHT AS CHARITY BRIAN L. FRYE SHIELDING ACTS OF JOURNALISM: OPEN LEAKS SITES, NATIONAL SECURITY, AND THE FREE FLOW OF INFORMATION JASON ZENOR CARE AND FEEDING OF PRIVACY POLICIES AND KEEPING THE BIG DATA MONSTER AT BAY: LEGAL CONCERNS IN HEALTHCARE IN THE AGE OF THE INTERNET OF THINGS CHRISTINA SCELSI NOTES AND COMMENTS Pages 319-461 PETRELLA V. METRO-GOLDWYN-MAYER: A ‘STAIRWAY’ TO COUNTLESS COPYRIGHT CLAIMS DYLAN FULOP 2015 VOLUME 39 2015 NUMBER 3 Published by NSUWorks, 2017 1 Nova Law Review, Vol. 39, Iss. 3 [2017], Art. 1 https://nsuworks.nova.edu/nlr/vol39/iss3/1 2 et al.: Nova Law Review Full Issue NOVA LAW REVIEW VOLUME 39 SUMMER 2015 NUMBER 3 EXECUTIVE BOARD KYLE S. ROBERTS Editor-in-Chief WILLIAM F. MUELLER ELEN C. GANTNER Executive Editor Lead Articles Editor ALLISON L. CUCINOTTA Managing Technical Editor ARTICLES EDITORS CALLIE C. HANNAN BRITTANY N. HENDERSON KRISTA MARTI ELIZABETH S. MITCHELL ANDREW POLENBERG ASSOCIATE EDITORS MARISSA DUQUETTE AARON BALL Assistant Technical Editor Assistant Lead Articles Editor ALYSSA A. -
2011 State of the News Media Report
Overview By Tom Rosenstiel and Amy Mitchell of the Project for Excellence in Journalism By several measures, the state of the American news media improved in 2010. After two dreadful years, most sectors of the industry saw revenue begin to recover. With some notable exceptions, cutbacks in newsrooms eased. And while still more talk than action, some experiments with new revenue models began to show signs of blossoming. Among the major sectors, only newspapers suffered continued revenue declines last year—an unmistakable sign that the structural economic problems facing newspapers are more severe than those of other media. When the final tallies are in, we estimate 1,000 to 1,500 more newsroom jobs will have been lost—meaning newspaper newsrooms are 30% smaller than in 2000. Beneath all this, however, a more fundamental challenge to journalism became clearer in the last year. The biggest issue ahead may not be lack of audience or even lack of new revenue experiments. It may be that in the digital realm the news industry is no longer in control of its own future. News organizations — old and new — still produce most of the content audiences consume. But each technological advance has added a new layer of complexity—and a new set of players—in connecting that content to consumers and advertisers. In the digital space, the organizations that produce the news increasingly rely on independent networks to sell their ads. They depend on aggregators (such as Google) and social networks (such as Facebook) to bring them a substantial portion of their audience. And now, as news consumption becomes more mobile, news companies must follow the rules of device makers (such as Apple) and software developers (Google again) to deliver their content. -
United States District Court for the District of Delaware
Case 1:18-cv-01007-UNA Document 1 Filed 07/06/18 Page 1 of 22 PageID #: 1 UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE ROBERT WEISS, On Behalf of Himself and All ) Others Similarly Situated, ) Case No. ) Plaintiff, ) ) v. ) CLASS ACTION COMPLAINT ) TWENTY-FIRST CENTURY FOX, INC., ) RUPERT MURDOCH, LACHLAN K. ) JURY TRIAL DEMANDED MURDOCH, CHASE CAREY, SIR RODERICK ) I. EDDINGTON, DELPHINE ARNAULT, ) JAMES W. BREYER, DAVID DEVOE, VIET ) DINH, JAMES MURDOCH, JACQUES ) NASSER, ROBERT SILBERMAN and TIDJANE ) THIAM, ) ) Defendants. ) Plaintiff Robert Weiss (“Plaintiff”), by and through his undersigned counsel, for his complaint against defendants, alleges upon personal knowledge with respect to himself, and upon information and belief based upon, inter alia, the investigation of counsel as to all other allegations herein, as follows: NATURE OF THE ACTION 1. Plaintiff brings this class action on behalf of the public stockholders of Twenty- First Century Fox, Inc. (“21CFDeadline” or the “Company”) against 21CF and the members of its Board of Directors (the “Board” or the “Individual Defendants”) for their violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15.U.S.C. §§ 78n(a), 78t(a), and U.S. Securities and Exchange Commission (“SEC”) Rule 14a-9, 17 C.F.R. 240.14a-9, and to enjoin the vote on a proposed transaction, pursuant to which, after spinning off certain of Case 1:18-cv-01007-UNA Document 1 Filed 07/06/18 Page 2 of 22 PageID #: 2 its businesses into a newly listed company (“New Fox”),1 21CF will be acquired by the The Walt Disney Company (“Disney”) through TWDC Holdco 613 Corp.