Southeastern takes 12 pct stake in News Corp.

Southeastern Asset Management Inc., the investment firm that along with activist investor Carl Icahn opposed the proposed buyout of Dell Inc., disclosed that it has taken a nearly 12 percent stake in News Corp.

News International plans to shut free London paper

News International, the British newspaper arm of Rupert Murdoch's media giant News Corporation, said Thursday it planned to shut thelondonpaper, the group's loss-making freesheet for London commuters.

Tech blog AllThingsD relaunches as Re/code

The technology news blog AllThingsD has relaunched under the name Re/code under a partnership with NBCUniversal, after splitting with News Corp's Wall Street Journal.

News Corp. seeking to form online news consortium: LAT

Media giant News Corp. is holding talks with other newspaper publishers on forming a consortium that would charge for news online and on portable devices, The Los Angeles Times reported on Friday.

James Murdoch out at News International

James Murdoch, the younger son of media tycoon Rupert Murdoch, stepped down Wednesday as executive chairman of News International, News Corp.'s scandal-plagued British newspaper unit.

MySpace co-founder DeWolfe to step down (Update)

(AP) -- MySpace co-founder Chris DeWolfe will step down soon as the social networking site's chief executive, amid the site's stalled user growth and the rapid rise of rival Facebook.

MySpace's new CEO promises innovation

(AP) -- The new leaders of News Corp.'s MySpace said Wednesday they need to innovate to rejuvenate the social networking site, which has suffered from stalled user growth.

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