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MURDOCH, OWNER OF FOX NEWS, ANNOUNCES SUPPORT FOR BUSH Wednesday, April 7 2004 
One
day
after
announcing
plans
to
move
News
Corp's
official
home
country
of
incorporation
from
Australia
to
the
U.S.,
Rupert
Murdoch
told
an
Australian
interviewer
that
he
is
backing
George
W.
Bush
for
reelection.
Murdoch,
whose
media
company
owns
the
New
York
Post
and
the
Fox
News
cable
network,
among
other
holdings,
said
that
the
U.S.
electorate
"completely"
backs
the
president
on
his
handling
of
the
Iraq
war
and
the
U.S.
economy.
"He's
going
to
(more)SYNERGY STRIKES OUT: NEWS CORP SELLS DODGERS Friday, January 30 2004 Ending a generally unsuccessful effort to achieve "synergy" with a Major League Baseball club, Fox Entertainment Group, a unit of Rupert Murdoch's News Corp, announced Thursday that baseball commissioners had approved its sale of the Los Angeles Dodgers to real estate developer Frank McCourt for $430 million. When Murdoch took over the team in 1997, some club owners worried that with his deep pockets, he would spend heavily to land star players, thereby inflating the (more) |
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Thanks largely to strong performances by its television units, Rupert Murdoch's News Corp recorded a nearly 50-percent rise in profits in the last quarter compared with the same period a year ago. Earnings rose to $465 million from $275 million as Fox News Channel doubled its operating income, FX's audience averaged 1 million viewers in primetime for the first time, and American Idol overwhelmed the competition on the Fox TV network, thereby boosting its operating income 25 percent. (Murdoch said in a conference call that the network is attracting $1 million for each 30-second spot on the talent contest but is being careful not to overexpose it.) Murdoch said that his company will launch an additional channel this year that will debut on News Corp's newly acquired DirecTV. Borrowing a page from his British satellite service, BSkyB, Murdoch said that he will also offer the channel to cable systems. He did not describe the nature of the channel, although analysts have long speculated that News Corp would launch a financial news channel to compete with the likes of CNBC and CNNfn.
