Rupert Murdoch is the weather vane for the media business. Once he starts swinging in a certain direction, the rest of the media business, largely, follows. After writing off the Internet in 2001, he became an evangelist in 2005 and single-handedly swung opinion (and dollars) in favour of the Net.
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Simpson, a former football star, was acquitted of the murder charges after a high profile jury trial.
Estimates and bid amounts available in the public domain show that ESPN Star Sports is now sitting on nearly 1,400 days of international cricket matches over the next ten years for which it has paid nearly Rs 9,380 crore. In other words, the broadcaster will offer viewers roughly 140 days of cricket every year. And it has acquired each match-day at an average cost of Rs 7 crore, which the industry says is cost-effective.
The Rs 1,600-odd crore (excluding income from joint ventures) Star India has been in dull form for over three years now. From an aggressive leader that protected every shift in rating points, it seems increasingly like a defender.
It was reported that media mogul Rupert Murdoch's News Corp was in talks with Microsoft for launching a joint bid for Yahoo. Yahoo is trying to remain independant & thwarting MS's takeover bid. But if News Corporation throws its weight behind Microsoft's offer, allowing the latter to raise its bid, it would put even more pressure on Yahoo and its shareholders. If the joint bid comes through, it would unite 3 most popular websites: Yahoo, Microsoft's MSN & News Corps' MySpace.
Mukesh Ambani of Reliance Industries, Nandan Mohan Nilekani of Infosys Technologies and Ratan Tata of the Tata group - have figured in this year's list of World's 50 most respected business leaders.
Rupert Murdoch-promoted Star Group will take at least four years to cross the $120-million-mark in operating income that it commanded till 2006
Rupert Murdoch's Star TV has admitted to an erosion of its earnings in India, its largest market in Asia, owing to higher content costs, competition from rivals such as Zee TV and disruptions in ratings measurement.
A day after Rupert Murdoch made a plea to allow greater foreign direct investment in the media sector, London-based Financial Times on Thursday asked the government to permit publication of foreign newspapers from India.
Reuters Group Plc, which runs one of the world's leading news agencies as well as other financial data businesses, today said it has received an unsolicited takeover offer, but did not identify the potential bidder.
Rupert Murdoch's international financial daily The Wall Street Journal, published by Dow Jones & Company, is all set to launch its facsimile edition in India next month. The newspaper, to be launched in Mumbai, is likely to be priced at Rs 30 a copy.
The much-hyped joint venture between Tatas and Rupert Murdoch controlled Star group is understood to have got all the government clearances for starting the Rs 1,600 crore (Rs 16 billion) direct-to-home venture in India.
The DCA is still examining the matter of alleged violation of terms and conditions of license agreement by P K Mittal group company Music Broadcast Pvt Ltd and has not conveyed any decision to the government as yet on the issue.
ABP's Aveek Sarkar will be the chairman and Star TV's Peter Mukerjea the director of Media Content and Communication Services, which will run Star News.
Anand Bazar Publications Group and Rupert Murdoch-owned Star Group on Friday announced a joint venture for broadcasting Star News in India in which the Bengali publishing house would have a majority stake of 74 per cent.
Rupert Murdoch's Star Group has offloaded 74 per cent stake in its news operations to resident Indians and subsequently submitted an application to the ministry of information and broadcasting for permission to uplink from India.
Now, high profile media barons have an India visit in their itinerary. Four months after the launch of two Disney channels in India, Walt Disney's CEO Michael D Eisner plans to visit India next week along with his successor, Robert A Iger.
The opening up of the sector has led to investments of Rs 1,200 crore towards the acquisition of over 280 frequencies.
Bullish on the private FM radio business, Rupert Murdoch's Star group will pick up 20 per cent equity in radio company Music Broadcast Pvt Ltd.
Star, the Rupert Murdoch-owned media group, would launch its new channel as proposed on Monday, but has agreed to change its logo from 'One' to 'Star One'
Dish TV, the DTH arm of Zee group which will list on the stock markets in October-November this year, expects to break-even by fiscal 2008-09.
Tata Sky, the DTH venture of Tata group and Rupert Murdoch's Star group, on Monday went on air with the initial cost to users pegged at Rs 4,000 toward satellite dish and other hardware.
In a major victory for Zee-promoted DTH provider Dish TV, Telecom Disputes Settlement And Appellate Tribunal ordered Rupert Murdoch-controlled Star on Friday to provide its channels to the platform within the next 15 days.
In a major initiative, the Tatas on Tuesday announced a joint venture with the Star group for providing direct-to-home services in India, a venture that is estimated to involve an investment of over Rs 300 crore (Rs 3 billion).
The chairman of the diversified Aditya Birla group, Kumar Mangalam Birla, has bought a 25 per cent stake in Rupert Murdoch's News Corp-owned Indian news channel, Star India said.
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