Check Out Our New Look

BSkyB To Acquire Fox’s Sky Italia & Deutschland Stakes, Create European Giant

BSkyB To Acquire Fox’s Sky Italia & Deutschland Stakes, Create European GiantAs expected, BSkyB said this morning that it will create “a world-class multinational pay TV business” with the acquisition of 100% of Sky Italia and 57.4% of Sky Deutschland. The UK’s leading pay-TV player has acquired the stakes from Rupert Murdoch‘s 21st Century Fox in a deal worth about £4.9B ($8.3B) in cash, plus assets. (Fox owns and will retain a 39% stake in BSkyB.) The combined group will have 20M subscribers in Europe across three of the four biggest markets. BSkyB will pay £2.07B for Sky Italia and £2.9B for Deutschland. It will also transfer its 21% ownership of National Geographic Channel to Fox at a value of £382M ($649M). That will raise Fox’s stake in the channel to 73%. BSkyB says it will also launch a voluntary cash offer to the remaining shareholders of Sky Deutschland at 6.75 euros ($9) per share. Subject to the number of shareholders who accept the offer, the overall cash value of the deals announced today could reach £7B ($11.9B). The moves come as BSkyB reported adjusted revenue for the year was up 7% to £7.6B ($2.9B).

The moves to create Sky Europe also come as Fox pursues a mega-acquisition of Time Warner. While speculation has been that the deal to combine the Skys was designed to raise funds for another eventual run at TW, it’s also considered that this deal has a distinct raison d’être and exists on its own … Read More »

Comments (0)

UPDATE: Herb Allen’s Sun Valley Retreat – Recap

UPDATE: Herb Allen’s Sun Valley Retreat – RecapUPDATED, Monday, 4:56 PM: Saturday’s panel with Secretary of State John Kerry and interviewer Charlie Rose went off without a hitch after some technical problems the previous day, but listening about the conflicts in the Middle East was not as interesting to moguls (‘what else is new, it’s a mess over there’) as the panel that featured billionaire investor Warren Buffet and Amazon CEO Jeff Bezos, according to some in attendance. Bezos, whose company Amazon has become a powerhouse in publishing and is creating its own content now, told the group gathered that the Amazon business model in publishing and creating content is here to stay. While the panels are always greatly attended, some of those who sat through the first few said they were a bit dry and boring, but “Buffet is always interesting to listen to,” said one attendee. Jeffrey_Katzenberg_118299588Said another, “All the networking is really done in the first day … unless you’re Jeffrey Katzenberg lining up meetings every hour.” Added another, “He sits there and does one meeting after another … he must have had like 20 meetings.” Yes, DreamWorks Animation’s Katzenberg was doing his ‘speed-dating’ meetings near the duck pond as usual which had some entertainment moguls laughing and others rolling their eyes (‘He has like what? One movie in the marketplace?’ Does he know how silly it looks?).

On Saturday, too, were presentations from the younger entreprenuers of Lookout, Xapo and Lending Club, which another attendee said he thought was fantastic (‘The guy from Lookout looked like he was 16 years old’). Also interesting to one attendee was the education panel with Eva Sarah Moskowitz, CEO of Success Academy Charter Schools and Kaya Henderson who is the D.C. school superintendent. “They were really good together and kept everyone’s interest.” That panel took place last Thursday.

The five-day Sun Valley retreat wrapped up last night with the annual dinner hosted by Herb Allen, whose aserbic wit and self-deprecating humor was enjoy by all. In reference to the panel earlier in the week that featured producer Brian Grazer and TWC’s Harvey Weinstein talking about the creative process, one attendee noted that “Brian really hit the mark on it. He was pitch perfect. If he did that same speech in showbiz circles it might not resonate but it did with most of people who were not in the business.’” One of the things that they both suggested was to listen to the voices in your head and get in touch with your instinct, which Allen use as a set up for a joke at the Sunday night dinner: “I have the voices in my head. I just don’t know what to do with them yet.” Until next year …

3RD UPDATE, FRIDAY, 2:50 PM: People actually enjoyed the Michael Bloomberg panel today at the H2013-07-11t154703z_2111664344_gm1e97b1tzw01_rtrmadp_3_sunvalley-conference_Fotorerb Allen Sun Valley conference as the 72-year-old answered questions from journalist Willow Bay, wife of Disney’s Robert Iger. The former mayor of New York whose fight for reasonable gun laws is well-documented, spoke about his philanthropy efforts and giving back to society. Through Bloomberg Philanthropies, the billionaire does just that in the areas of education, the arts, gun issues, governance and public health. He spoke about how dysfunctional the current U.S. system is politically and otherwise to get things done — no doubt as he personally saw what happened behind the scenes in Washington D.C. as politicians in the pocket of the NRA stymied efforts to get background checks on gun sales passed. Leave it to a politician — an orator and a former Eagle scout (hey, it’s no small task) — to wake up the moguls.

The second panel, which was supposed to feature Charlie Rose interviewing Secretary of State John Kerry piped in live from Afghanistan, went awry as the video feed didn’t work (they tried for about 15 minutes to get it up and running to no avail). That conversation, which was expected to be about how heavily the U.S. should be involved in the current explosive situation in the Middle East, will now take place tomorrow after journalist Becky Quick interviews Warren Buffet and Jeff Bezos.

So they are attempting to fix the video feed for tomorrow, but let’s face it, if it doesn’t work, we doubt anyone will be upset as Kerry drones … on and on. Speaking of drones, there has been some attempt to make sure that drones don’t fly over the conference taking pictures, according to Bloomberg News. Ahhh, technology … the age of the paparazzi drone? If people are still awake after Kerry and Rose, a number of younger entrepreneurs will have their turn at bat.

Most all we spoke with don’t expect any major deals to go down at this conference. That Read More »

Comments 20

Scotland Yard Will Interview Rupert Murdoch As A Suspect In Hacking Inquiry: Report

Scotland Yard Will Interview Rupert Murdoch As A Suspect In Hacking Inquiry: ReportRupert Murdoch remains vulnerable to the UK phone hacking inquiries despite a split verdict yesterday in cases involving two of his former lieutenants, Andy Coulson and Rebekah Brooks: Scotland Yard has officially told the Fox CEO that it wants to interview him soon, and considers him a suspect, according to The Guardian‘s Nick Davies. “It is understood that detectives first contacted Murdoch last year to arrange to question him but agreed to a request from his lawyers to wait until the phone-hacking trial was finished,” he writes. Fox co-COO James Murdoch — who, in addition to being Rupert’s son, ran UK operations when much of the hacking took place — “may also be questioned,” the paper says.
Read More »

Comments (2)

James Murdoch To Deliver Mipcom Media Mastermind Keynote In October

By | Wednesday June 11, 2014 @ 6:39am PDT

james murdoch21st Century Fox Co-COO James Murdoch recently told investors that about half of his studio’s cash flow comes from television series. “There’s maybe one other firm that can claim the same volume and success” that Fox has had in TV, he said at the Sanford C Bernstein Strategic Decisions Conference in May. The increasingly visible Murdoch will further discuss Fox and its plans for the TV business when he delivers the Media Mastermind Keynote at mipcom logo 2014October’s Mipcom. Murdoch was upped to his current role at Fox in March, in a clear indication that dad Rupert is putting his succession plans in order, and has been appearing publicly with far more frequency over the past year. He now has direct responsibility for 21st Century Fox’s TV interests, which include the Fox Networks Group in the U.S. and, internationally, holdings in BSkyB, Sky Deutschland, Sky Italia and STAR India. It’s a particularly interesting time for the European holdings as BSkyB in May confirmed it had initiated preliminary discussions with 21st Century Fox to evaluate the potential acquisition of its pay-TV assets in Germany and Italy. Meanwhile, Fox has also said it is looking to form a joint venture with Apollo Global Management which would combine the Shine Group, Endemol and CORE Media Group. Mipcom runs from October … Read More »

Comments (0)

DeadlineNow: James Murdoch “Optimistic” About Fox’s Upcoming Slate (Video)

By | Wednesday May 28, 2014 @ 2:19pm PDT
Loading video...

Fox Co-COO James Murdoch Urges Investors' Patience

James Murdoch tells investors he has high hopes for Fox's upcoming 'The Fault In Our Stars' and other pics on its upcoming slate. David Lieberman reports.

Related: James Murdoch Urges Investors To Be Patient With Fox Theatrical Films

Comments (3)

James Murdoch Urges Investors To Be Patient With Fox Theatrical Films

By | Wednesday May 28, 2014 @ 6:48am PDT
Loading video...

Fox Co-COO James Murdoch Urges Investors' Patience

James Murdoch tells investors he has high hopes for Fox's upcoming 'The Fault In Our Stars' and other pics on its upcoming slate. David Lieberman reports.

james-murdochThe disappointing performance of movies including The Secret Life Of Walter Mitty, Walking With Dinosaurs, Runner Runner, and The Counselor still weighs on investors when they look at 21st Century Fox. But while Co-COO James Murdoch acknowledges that ”last year we didn’t have a great run” in theatrical films, he told the Sanford C. Bernstein Strategic Decisions Conference this morning that ”over time the film segment is very attractive” — and promised an “exciting next couple of years” with “a lot of attractive film product coming through…. We’re super excited about the future.” The studio has “very high hopes” for The Fault In Our Stars, which he described as “a lower cost drama.” Murdoch also talked up planned sequels for The Planet Of The Apes and Avatar, as well as recent successes with Rio 2, The Other Woman, Grand Budapest Hotel, and X-Men: Days Of Future Past. “You have to look at the film business over a multi year perspective….Somethings just aren’t going to work and you aren’t going to bat 1000.” Murdoch also noted that about half of his studio’s cash flow comes from television series. “There’s maybe one other firm that can claim the same volume and success” that Fox has had in TV. That makes the combined operation “one of the most attractive businesses we have.”

Murdoch also defended Fox’s investments in sports TV, including the launch of Fox Sports 1. Although licensing rights are expensive, “we try to … Read More »

Comments (0)

Rupert Murdoch Talks About Succession, Politics, And His Greatest “Screwup”: Fortune

murdoch-rupertRupert Murdoch is all over Twitter. (“My family are horrified that I’m on it,” he says.) But in agreeing to sit down for a broad interview with Fortune, one of the media industry’s most powerful moguls signals that he’s finally ready to return in a serious way to the public stage that he has largely abandoned as he grappled with his UK hacking scandals and a bitter divorce, as well as uncertainty about the prospects for his media empire — which he split into two companies last year — and his succession plans. You should check out the piece by senior editor-at-large Pattie Sellers. Here are a few of the highlights:

Related: Rupert Murdoch Says There May Be Multiple ‘Avatar’ Sequels: Fortune

Succession: His sons James and Lachlan are first in line to take over although “I’m going to be here for a long time. And so will [Fox COO] Chase Carey and [News Corp CEO]  Robert Thomson.” murdochsThe effort to bring Lachlan back intensified after a private meeting with James at last year’s Allen & Co confab in Sun Valley. “We had two or three hours together. Lachlan was not not going to come back. It was a question of how we would work together.”

Related: Lachlan And James Murdoch Given Big New Roles At News Corp

Daughter Liz Murdoch’s decision not to join the News Corp board: Rupert says he’d “rather not go into that.” A lot of close families “have good arguments. That doesn’t mean they don’t love each other.” And it’s “more than possible” that she’ll return to the family business.

Who’ll be the GOP’s 2016 presidential candidate: Murdoch says former Florida Gov. Jeb Bush is “my number one” calling him “a man of very fine character.” He also has “particular admiration” for Wisconsin Rep. Paul Ryan. New Jersey Gov. Chris Christie “could recover” from inquiries into his possible role in manufactured traffic jams at the George Washington Bridge. Murdoch agrees with Kentucky Sen. Rand Paul on “a great number of things” but disagrees on foreign policy “too strongly perhaps to vote for him.”

His view of Hillary Clinton: He left open the possibility of supporting her but “it would depend on the Republican candidate totally.” He adds that he “could live with Hillary as President. We have to live with who we get. We don’t have any choice.” Read More »

Comments (6)

District Court Dismisses Hacking-Related Case Against News Corp.

News Corporation CEO Rupert Murdoch leaves his flat with Rebekah Brooks, Chief Executive of News International,  in central LondonAvon Pension Fund and others who owned News Corp stock from mid-February to mid-July 2011 charged in the class action suit that Rupert Murdoch, James Murdoch, former News Of The World editor Rebekah Brooks, and other execs at News Corp (before it split into two companies) committed fraud when the UK hacking scandal was unfolding. They told the public — including in testimony at Parliament — that it was just an isolated problem, and it wasn’t. When the widespread extent of the hacking became known in mid-2011, News Corp shares fell 17%, and it derailed the company’s plan to buy British Sky Broadcasting. But a U.S. District Court in New York dismissed the case today, Reuters reports. The problem? Judge Paul Gardephe said that the News Corp execs couldn’t be held liable for statements made before the period when the plaintiffs said that they lost money.”To hold otherwise would require adopting an ‘endless breach argument,’ which would permit plaintiffs to circumvent the well-settled rule that defendants are liable only for those statements made during the class period,” Gardephe says. 

Comments (4)

Lachlan And James Murdoch Given Big New Roles At News Corp, 21st Century Fox; Fox Nets Group’s Peter Rice Extends Contract

UPDATE: Below the original post is a copy of Rupert Murdoch’s memo to staff at 21st Century Fox regarding today’s appointments. In it, he notes that the evolution of the company’s leadership, “underscores the considerable planning that both the Company and the Board have undertaken to ensure a vibrant future for 21st Century Fox and its shareholders.”

New-News-Corp-logo__130528181445-200x71__130923205616PREVIOUS: In what looks like a clear sign that Rupert Murdoch is putting his succession plans in order, News Corp and 21st Century Fox made big announcements early Wednesday morning outlining changes to their boards and executive structure — and each involving Murdoch’s sons. Lachlan Murdoch has murdochsbeen named Non-Executive Co-Chairman of News Corp and has been given the same titlepeterrice at 21st Century Fox, the media and entertainment company. Also at 21st Century Fox, James Murdoch has been elevated to Co-Chief Operating Officer. Further, Fox Networks Group Chairman and CEO Peter Rice, who has close ties to the Murdoch family, has extended his contract for an unspecified term. “Under Peter Rice’s leadership Fox Networks Group has continued to push creative boundaries across the company, and has grown tremendously with successful channel launches including Fox Sports 1 and FXX, an increased international footprint and enhanced sports offerings across the world,” James Murdoch said.

The … Read More »

Comments (2)

James Murdoch Calls Dish Network-Disney Deal A Step In Right Direction

By | Wednesday March 5, 2014 @ 9:48am PST

Fox‘s Deputy COO particularly likes the fact that Dish Network agreed to disable the ad-zapping function in its Hopper DVRs for the first three days after it records an ABC show. James Murdoch photo“Protecting certain windows is important” — especially the three-day period that’s most important for TV ad sales — James Murdoch told the Morgan Stanley Technology, Media & Telecom Conference today. As part of the deal Disney dropped out of the suit that Fox and other broadcasters filed against Dish, which charged that its DVR’s capability to automatically skip past ads in recordings of their shows infringed on copyrights and violated contracts. Murdoch shied from discussing Disney’s changes in depth, but  said that “overall it looks like it’s a positive step forward. But it’s a step.” He also left a lot of wiggle room in his response to a question about Comcast’s $45.2B agreement to buy Time Warner Cable. “You can clearly see the rationale…But this one we have to watch very closely.” He suspects “there’ll be more to come” as regulators and others investigate how much clout Comcast would have over broadband access and pricing. Read More »

Comments (1)

James Murdoch Named Chairman Of Sky Deutschland’s Supervisory Board

After ankling many of his European board seats in the wake of the phone-hacking scandal at News Corp’s UK press arm, James Murdoch has been elected Chairman of the supervisory board of Sky Deutschland. The exec, and son of Rupert, had originally been appointed as a member of Sky Deutschland’s board last April as News Corp began to raise his profile. The German pay-TV group is 54.8% owned by 21st Century Fox, of which Murdoch is Deputy Chief Operating Officer, Chairman and CEO, International. Via the board chairmanship that begins tomorrow, Murdoch is replacing 21st Century Fox President and COO Chase Carey who had been chairman since July 2010. Carey will remain a member of the board. “Mr. Murdoch has built a track record of bringing innovation to the global television business and choice to customers across Europe and Asia,” Sky Deutschland said today.

Comments (2)

Rupert Murdoch’s Earnings Drop To $28.9M For Fiscal 2013

By | Friday August 30, 2013 @ 5:33am PDT

21st Century Fox, the media and entertainment company created out of the split of News Corp, filed a definitive proxy statement with the SEC today, revealing some interesting figures. Among them is the news that chairman and CEO Rupert Murdoch earned about $1.1M less in fiscal 2013 than the previous year. (The year ended on June 30 and News Corp officially split on June 28, so the figures rep his pay under the company’s former iteration.) His full fiscal 2013 compensation was $28,913,040. The previous year it was just over $30M and for 2011 it was $33.3M. (Separately, Forbes reported yesterday that Murdoch has purchased a 13-acre winery and mansion in Bel Air. Property records show that he paid $28.8M, so basically a year’s takings.) According to the SEC filing, Murdoch had 2013 stock awards of $5.2M, an increase from the $3.5M he got in 2012. His incentive plan compensation was $12.5M; changes in his pension value were worth $2.85M; and “all other compensation” equaled about $300,000. Chase Carey, deputy chairman, president and COO, had an earnings rise to $27M from 2012′s $24.7M. Scion James Murdoch, who is now deputy COO and chairman and CEO of international, also saw a pay bump to just over $17M, up from the $16.8M he made last year but less than the $17.9M he … Read More »

Comments (5)

Global Showbiz Briefs: James Murdoch Reboots, ‘Doctor Who’ Ready To Celebrate

News Corp. has been raising the profile of deputy COO James Murdoch of late with the exec making two appearances before investors last month. Is News Corp. also looking to rebuild his coterie of board seats? Germany’s Sky Deutschland plans to appoint Murdoch as a member of its supervisory board, according to Reuters. The pay-TV group, a source told the news agency, expects to benefit from Murdoch’s international market and new technology savvy. Amid the phone-hakcing and bribery scandals at News Corp.’s UK press division last year, Murdoch left chairmanships at News International and at pay-TV group BSkyB, which News Corp. controls via its 39% stake. He also ankled the boards of Sotheby’s, GlaxoSmithKline and News Corp.’s UK print operations. But, he retained his board seat at BSkyB. News Corp. owns 54.8% of Sky Deutschland and if Murdoch does join the company board, he would be surrounded by News Corp. execs. COO Chase Carey, 20th Century Fox Television Distribution president Mark Kaner, News International CEO Thomas Mockridge and Europe & Asia COO Jan Koeppen are all members. Read More »

Comments (3)

James Murdoch Says News Corp Will Be Vigilant About Sports Costs

By | Monday February 25, 2013 @ 1:46pm PST

Looks like News Corp’s trying to boost the Deputy COO’s profile on Wall Street: James Murdoch’s appearance today at the Morgan Stanley Technology, Media and Telecom Conference was his second high-profile presentation to investors this month. (He was also on News Corp’s latest earnings call.) Rupert’s son, who last year had to defend himself against allegations that he was at least partly responsible for News Corp’s UK hacking and bribery scandals, seemed to relish the largely friendly questions about the company’s plans. He assured the audience that the company won’t go overboard in buying rights to sports programming amid reports that News Corp plans to create a national sports network. “It’s important to have a portfolio of rights where you can walk away,” Murdoch says. For example, the Los Angeles Dodgers wanted payments that were “too rich for us,” leading the team to create its own regional sports channel. Read More »

Comments (0)

Australian Fund To Sell News Corp. Stake

By | Thursday January 10, 2013 @ 1:29am PST

Don Groves is a Deadline contributor based in Sydney

Ahead of News Corp.‘s annual general meeting in October, Rupert Murdoch tweeted: “Any shareholders with complaints should take profits and sell!” Australia’s First Super is taking Murdoch up on the suggestion, citing concerns over the board’s lack of independence. The industry fund, which controls nearly $1.78B, joined U.S. institutions in an unsuccessful bid against the re-election of James and Lachlan Murdoch in October and called for the roles of chairman and chief executive to be split. While it’s a small investor in News Corp., the prominent fund’s decision today could be seen as a symbolic blow. “Open, transparent, representative governance is not only overdue but essential for improved risk management within the company,” First Super co-chairman Michael O’Connor said. “The interests of minority shareholders have too often been compromised. But these issues are apparently of no concern to Rupert Murdoch, so our board decided to take his advice and sell down our shareholding.” News Corp.’s shares have gained more than 40% in the past year, but O’Connor told Reuters the fund was taking “a long-term view.”

Comments (0)

Rupert Murdoch & James Murdoch Want U.S. Hacking Lawsuit Dismissed

By | Monday December 3, 2012 @ 5:56pm PST

Rupert Murdoch and his son James Murdoch want an American class action lawsuit against them and News International over the UK phone hacking scandal dismissed. Not because they may have acted badly but, in a motion (read it here) filed late last week, because they believe they didn’t break the Securities Exchange Act of 1934. “Even if plaintiffs disagree about how the misconduct at News of the World was handled, their claims sound in mismanagement, which does not as a matter of law state a securities fraud claim,” the Murdoch’s motion says. “It is well-settled that a plaintiff cannot bootstrap mismanagement claims into a federal securities law action.”

Related:

Rebekah Brooks Wants out of U.S. Phone Hacking Lawsuit

News Corp Details Proposed Separation of Businesses; Entertainment Company To Be Called Fox Group; The Daily To Cease

In a suit filed on July 19, 2011, New Corp shareholder Lewis Wilder claimed that the Murdochs, as well as other New International executives like former CEO Rebekah Brooks, violated the 1934 Act by hiding the “existence and extent of illegal and unethical newsgathering practices” at the News Corp-owned company’s British tabloids. The dates in question that the securities fraud occurred were from February 15, 2011 to July 18, 2011. The Avon Pension Fund and the Iron Workers Local Union No. 17 Pension Fund later joined Wilder in the suit. The shareholders claim that revelations of the hacking scandal smacked … Read More »

Comments (4)

UPDATE: James Murdoch Keeps BSkyB Board Seat With 95% Shareholder Support

By | Thursday November 1, 2012 @ 5:19am PDT

UPDATE, 5:15 AM: James Murdoch has been re-elected as a non-executive director of BSkyB. Murdoch won more support at today’s shareholder meeting in London than he had at the last one when he was still chairman of the pay-TV group. Although some investors opposed his retaining a seat, only 4.98% of proxy voters wanted him out this year compared to 19% last year. One shareholder, alluding to the troubles at News Corp.’s UK newspapers, asked if the name Murdoch is now “toxic,” but chairman Nicholas Ferguson replied there had been no negative impact on company business.

PREVIOUS, 3:19 AM: BSkyB earnings were up 16% in the fiscal first quarter on revenue of £1.715B (+4%) and operating profit of £310M (+5%). The increases came as the pay-TV giant offered new products and added 20,000 net customers to its subscriber base, for a total of about 10.7M subscribers. In response to competition in the UK streaming arena from Netflix and Amazon’s Lovefilm, BSkyB added Now TV during this quarter, a service that allows non-Sky customers to access movies on demand. It also agreed to pay £760M per season for rights to the English Premier League soccer games through 2014 (NBC just acquired rights in the States for a reported $83M per year). Read More »

Comments (0)

BSkyB Chief Exec Jeremy Darroch Nets £7M Pay Package; James Murdoch Gets £90K

By | Tuesday September 25, 2012 @ 2:07am PDT

Britain’s leading pay-TV group, BSkyB, reported increased revenues this summer for the year ended June 30 and a record jump in operating profit to £1.22B ($1.98B). Directors at the News Corp.-controlled company also saw increased payouts for the year. The BSkyB annual review, mailed to shareholders yesterday, reveals that chief exec Jeremy Darroch received about £7.3M ($11.85M) in total remuneration and share awards including a maximum bonus of £1.87M ($3M). His total package this year reps a 7% jump on salary, bonus, pension and benefits for the previous period. His base salary rose to £935K ($1.5M) from £888K. James Murdoch, who stepped down as chairman of BSkyB in April but remains a non-executive director, made £1.045M ($1.7M) annually when he was chief exec of the company for four years until Dec. 2007, according to The Guardian. He was paid a salary of £89,417 ($145,160) this year. Nicholas Ferguson, who took over as chairman when Murdoch left, got a nearly 50% bump bringing his salary to £230,657 ($374.450).

Comments (1)

FT: James Murdoch To Take Over News Corp’s TV Business

By | Thursday September 20, 2012 @ 1:30pm PDT

Although widely criticized for his role in the UK hacking scandal, the company is preparing to give Deputy COO James Murdoch “direct responsibility for News Corp’s U.S. television businesses,” the Financial Times reports. His mandate would include the Fox Networks Group, which includes Fox Broadcasting and cable networks FX, National Geographic, and SPEED — but not Fox News. The paper says that the head of Fox Networks Group, Peter Rice, would report to James. Rupert Murdoch‘s son lobbied for this in July when Rice landed the job, but the CEO and COO Chase Carey “resisted.” The story says its undisclosed sources have different thoughts about when the new arrangement might be announced. At least one person “close to the company” says that some execs want to wait until they know more about Scotland Yard’s investigations into phone and computer hacking, and bribery, at the company’s UK tabloid newspapers including the now-defunct News Of The World while James ran News International, the unit that runs the publications. Read More »

Comments (5)
More Deadline | Hollywood »