The venture, they said, would focus on technology and media opportunities in emerging markets. Industry sources said the focus would be on digital media, with India being the big driver.
Mired in inquiries and new embarrassing revelations, James Murdoch on Wednesday quit as executive chairman of News International, the Rupert Murdoch-owned company's troubled publishing unit in the UK.
Rupert Murdoch-promoted News Corporation on Monday said it will invest $100-million in the next 12-months to start six regional channels under the Star brand in India.
Media baron Rupert Murdoch plans to invest $100 million within a year to launch 6 regional channels under Star brand in India.
If all goes according to Rupert's plans, he will remain chairman and CEO of News for some time to come.
Rupert Murdoch's media empire came under further attack over the weekend.
A British comedian who dramatically threw a shaving-cream pie at media mogul 80-year-old Rupert Murdoch during a parliamentary hearing into the phone-hacking scandal on Friday pleaded guilty and was convicted of assault and causing harassment.
As India will become an independent business unit, we will have to relocate the uplink of our channels from Hong Kong to here.
It has been known for long that The Times Group (Bennett, Coleman and Company) is the largest. While the News Corporation-owned Star Group briefly lay claim to number two spot, it is now clear that Subhash Chandra's Zee is way ahead of its former partner and now arch rival. At Rs 3,732 crore, the Zee Group is India's second-largest media firm.
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.
Speaking to a strong crowd of about 500 business leaders and media personalities, Murdoch, an Australia-born US citizen, expressed his strong feeling for Australians stating the country meant 'a great deal to him'. He said: "Over the next 30 years or so two or three billion people will join this new global middle class. The world has never seen this kind of advances before.
Global media mogul Rupert Murdoch has warned that a victory for Democratic White House hopeful Barack Obama next week may be "a real setback for globalisation."
The Journal's parent, Dow Jones and Company was acquired by media Moghul Rupert Murdoch's News Corporation, four months ago. Murdoch declined to comment last night, the Times said even as some analysts see a possible war between the Journal and the New York Times.
The site, christened MySpace India, will offer music through its partnership with SaReGaMa, the well-known music label owned by the RPG group. The site will organise a group of 30 aspiring bands from across three cities for the initiative. MySpace India industry alliances include a partnership with India's largest television network Star TV.
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.
Dow Jones said shares representing approximately 60.3 per cent of the outstanding voting power of the company were cast on Thursday in favour of the merger. Announcing the approval, Dow Jones said the stockholders' vote satisfies the final condition for the completion of the deal. The two companies had signed an agreement and plan of merger on July 31. The merger became effective on Thursday.
The Rupert Murdoch-owned News Corporation has announced that it has struck a deal to buy Dow Jones & Company -- publishers of the prestigious financial daily The Wall Street Journal -- for $5 billion.
Rupert Murdoch's elder son, was in Mumbai last week to partner Percept Holdings, a communications company, in a 50:50 joint venture for a celebrity management outfit
The board of Dow Jones and Co. has decided to take no action on the $5 billion unsolicited bid for the company by media mogul Rupert Murdoch's News Corp., the company has announced.
The Sun, the flagship publication of Murdoch's News Corporation, is in talks with Maran's Sun group to launch an English tabloid in the country.
The young taxi driver is reported to have suffered stab wounds on his left hand, back and a dislocated shoulder in the scuffle.
A bitter family battle over inheritance has split media titan Rupert Murdoch's family, according to reports.\n\n
News Corporation's subsidiary Star India Pvt Ltd has entered into a co-publishing venture with bookseller and publisher Popular Prakashan Pvt Ltd to launch activity books based on two popular shows, 'Shaka Laka Boom Boom' and 'Sonpari.'
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.
The British Broadcasting Corporation has come under fire after one of its editors allegedly compared a British Muslim radical preacher to Mahatma Gandhi, Nelson Mandela and Winston Churchill.
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The network also unveiled a new brand identity for Star Sports across six channels and has renamed all the ESPN channels, subsequent to the buyout of ESPN Inc's stake in their 16 year old joint venture ESPN STAR Sports.
NDTV operates news channels, including NDTV 24X7 and NDTV India.
Poor policymaking, a fractious industry and the cockeyed nature of regulations are to blame, saya Vanita Kohli-Khandekar.
A definitive guide to the movers and shakers who sit at the helm of the Asian sports boom.
The voyeurism and poor taste on display in the reportage of the murder case involving Mukerjea's wife reflect the mindset of the society we live in and the media we are exposed to
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