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Rupert Murdoch says, "The worst is over." The News Corp. CEO, noting he has been uncharacteristically pessimistic on recent earnings calls, now says "the days of precipitous declines are over" and that "we are beginning to see a number of bright spots." For TVWeek's...
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The many and varied characters who populate the business of television can be forgiven for feeling as if their lives lately have started to resemble those of characters in a really bad horror movie. Every day seems to bring another over-the-top plot twist or bloody execution, be it NBC’s decision to...
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News Corp. President and Chief Operating Officer Peter Chernin is departing the company, a person with knowledge of the situation confirmed to TelevisionWeek today. Mr. Chernin has held his position at the company since 1996, and his current contract is due to expire at the end of June. Mr. Chernin joined...
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Peter Chernin will be stepping down as president and chief operating officer of News Corp. when his contract expires on June 30, News Corp. Chairman Rupert Murdoch announced this afternoon. The company said that News Corp.’s Los Angeles-based Fox businesses will report directly to Mr. Murdoch when Mr...
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Citing a weak economy and a deteriorating advertising market, News Corp. on Thursday said it expected its operating income to be down about 30% for this fiscal year. In November, News Corp.’s guidance to investors was that operating income would decline by a percentage in the low- to mid-teens. In August...