20 (Bloomberg) -- News Corp., the media company led by Rupert Murdoch, agreed to buy 49 percent of the YES Network, the cable channel that carries New York Yankees baseball games, in a deal that values the pay-TV outlet at about $3 billion.
News Corporation is starting to look like its old self again. The media conglomerate, which had been on its heels for more than a year because of the phone hacking scandal in Britain, is looking to make acquisitions again.
The allegations that News Corp., which owns The Sun, made illegal payments to British defense personnel, police officers, and health workers in exchange for confidential information sparked widespread public outcry, which triggered investigations by ...
News Corp is considering a bid for Simon & Schuster, which could add the CBS-owned book business to its HarperCollins arm just as Rupert Murdoch prepares to spin off his publishing assets into a separate company.
Nov. 29 (Bloomberg) -- News Corp.'s testimony about how a phone-hacking scandal was handled points to a possible cover-up at multiple levels within the organization, according to the findings of an inquiry into media ethics.