Rupert Murdoch

The new generative AI offerings of Adobe Inc. (NASDAQ:ADBE) are finding a lot of takers among enterprise customers, who prioritize intellectual property safety. What Happened: During the company’s second quarter results on Thursday, Adobe’s President of Digital Media, David Wadhwani,...

Rupert Murdoch's attempt to change the billion-dollar family trust to favor his eldest son, Lachlan, hit a roadblock. What Happened: In a ruling that reads like an episode of “Succession,” Commissioner Edmund J. Gorman Jr. essentially threw cold water on Murdoch's trust fund shuffle....

The Washington Post, which is owned by billionaire Jeff Bezos, is the latest newspaper to be caught up in controversy over not endorsing a political candidate in the 2024 presidential election. The newspaper announced Friday it will not endorse a candidate in the race. What Happened: The Washington...

Rupert Murdoch’s Dow Jones and the New York Post have initiated legal proceedings against Jeff Bezos-backed AI firm Perplexity, alleging unauthorized use of their content and redirection of traffic to its platforms. What Happened: On Monday, the News Corp (NASDAQ:NWSA)-owned entities claimed...

Award-winning HBO series "Succession," which centered on a media company's patriarch struggle to find a successor for his company was a work of fiction that was well loved by viewers. The real-life story that inspired the hit show is set to play out in court beginning this week. What Happened: A...

Media magnate Rupert Murdoch has married Elena Zhukova, a former molecular biologist, in a private ceremony at his California vineyard. The nuptials took place on Saturday at Murdoch's Moraga Vineyards, with family and close friends in attendance. The event was confirmed by News Corp., the media...

Billionaire Elon Musk has won many awards and accolades over the years thanks to his entrepreneurial spirit and leadership of several of the most well-known companies in the world. But now a previously announced award Musk was set to receive has been cancelled after backlash. What Happened: Musk...

Media tycoon Rupert Murdoch has handed in his resignation, potentially benefiting U.S. President Joe Biden. Michael J. Socolow, a Professor of Communication and Journalism at the University of Maine, expressed his views in an opinion piece in The Conversation, on the media mogul...

Rupert Murdoch will step down as chairman of Fox Corp (NASDAQ: FOXA) and News Corp (NASDAQ: NWSA), the media conglomerate announced Thursday.  What To Know: Murdoch, 92, will depart from his role as chairman of the board at both Fox and News Corp following a nearly 70-year career. He...

Media mogul Rupert Murdoch underestimated the cost of the Dominion lawsuit to Fox News by a staggering amount, according to a new book by journalist Michael Wolff, The Guardian reported  In winter 2022, Murdoch anticipated Fox News would lose $50 million due to the lawsuit filed by...

Former President Donald Trump took to Truth Social on Tuesday, criticizing both the Wall Street Journal and Fox News. In a series of posts, Trump challenged several prominent figures, including President Joe Biden and media mogul Rupert Murdoch, to undergo a mental acuity test. What Happened: Trump...

Artificial intelligence (AI) is expected to play a major role in News Corp's (NASDAQ: NWS) future on the heels of a disappointing fourth-quarter earnings report. What Happened: Digital revenues accounted for more than 50% of total revenues for the full year. That's a first for the...

In a not-so-surprising turn of events, Meta Platforms Inc. (NASDAQ:META), the parent company of Facebook, has reportedly taken a decisive step that could mark the end of its longstanding association with the news industry.  What Happened: Meta had attempted to placate...

Several billionaires and big-name Republican supporters have been planning to fund campaigns against former President Donald Trump in the 2024 election. One of the biggest names is now backing away from support of Florida Gov. Ron DeSantis and could be back to the drawing board. What...

Amid a series of high-profile legal battles, media mogul Rupert Murdoch‘s Fox Corp. (NASDAQ:FOX) has settled a $12-million gender discrimination lawsuit, further deepening the scandal surrounding the empire. What Happened: Fox News has reached a staggering $12 million settlement in a gender...