* Australian publishing assets mostly to blame * Board formally approves split into two companies By Jennifer Saba May 24 (Reuters) – News Corp (NasdaqGS: NWS – news) said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split [...]

LOS ANGELES (AP) — News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the volatile trading period after the split is complete. The New York-based media conglomerate also said [...]

By Jennifer Saba (Reuters) – News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. The company said the goodwill impairment charge was primarily for its Australia newspapers [...]

“We reject the government’s efforts to criminalize the pursuit of investigative journalism and falsely characterize a Fox News reporter to a Federal judge as a ‘co-conspirator’ in a crime,” Ailes wrote. “The administration’s attempt to intimidate Fox News and its employees will not succeed and their excuses will stand neither the test of law, the [...]

LONDON, May 23, 2013 /PRNewswire/ – Leading global online news portal, One News Page, has entered into an online partnership with Grab Media, a leading premium video distribution company. The deal will feature One News Page making Grab Media’s extensive catalog of premium video content available to its users. Complementing extensive news coverage in Business, [...]

NEW YORK–(BUSINESS WIRE)– News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) and the new News Corporation today announced that the separation of News Corporation (the “Company”) into two distinct publicly traded companies, 21st Century Fox and the new News Corporation, has been formally approved by the Company’s Board of Directors. The Company announced appointments to [...]

News International CIO Chris Taylor wants to move all the company’s infrastructure to the cloud to help drive their transformation from a “great newspaper company to a multimedia giant”. “Our target is to have 100 per cent of our infrastructure in the cloud,” Taylor told CIO UK in an in-depth discussion following his guest appearance [...]

IRS: Turn Over A New Leaf, Open Up Data Beth Simone Noveck Contributor Only Answer To IRS And Other Big Government Scandals: Really Small Government Steve Forbes Forbes Staff The Ballad Of Barack Obama, Tricky Dick, And Billie Sol David Davenport Contributor Two Obamacare Mandates That Dramatically Expand The Internal Revenue Service’s Power Avik Roy [...]

Lyle Denniston examines the argument, made by some, that reporters can be tried under the Espionage Act for seeking out the news about a classified program. THE STATEMENTS AT ISSUE: “The Justice Department’s decision to treat routine news-gathering efforts as evidence of criminality is extremely troubling and corrodes time-honored understandings between the public and the [...]

Sterling has fallen to a seven-week low against the dollar after retail sales in April unexpectedly fell and minutes from the latest Bank of England rate meeting showed three voted to restart its bond-buying programme. • Sterling falls to seven-week low against dollar • Retail sales in April fall unexpectedly • Three MPC members vote [...]