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Rupert Murdoch can see all-digital N.Y. Post in 10 years: report

(Reuters) - Media mogul Rupert Murdoch can envision his tabloid newspaper the New York Post as an all-digital publication in 10 years, he said during an interview with Fortune magazine published on Thursday. Murdoch, the chairman of News Corp and 21st Century Fox, acknowledged that the paper lost $40 million in 2012, hit by declines in advertising revenue. "We're looking at various plans for the Post. We are working very hard on the digital edition," he said.

Prodigal son returns as Murdoch sets succession plan

Rupert Murdoch's prodigal son is back, with key roles in the family's media entertainment empire in what appears to be a succession plan for the 83-year-old tycoon. Lachlan Murdoch, 42, was named Wednesday as non-executive chairman at News Corp. and 21st Century Fox, the companies created when his father's conglomerate was split into publishing and entertainment arms. Murdoch also promoted another of his sons, 41-year-old James, to be co-chief operating officer of 21st Century Fox. He is a member of the board of News Corp.

Prodigal son Lachlan Murdoch gets key role in empire

Rupert Murdoch's prodigal son Lachlan is back, with key roles in the family's media-entertainment empire in what appears to be a succession plan for the 83-year-old tycoon. Lachlan Murdoch, 42, was named Wednesday as non-executive chairman at News Corp. and 21st Century Fox, the companies created when his father's conglomerate was split into publishing and entertainment arms. Murdoch also promoted another of his sons, 41-year-old James, to be co-chief operating officer of 21st Century Fox. He is a member of the board of News Corp.

Murdoch names son Lachlan as vice president of media empire

Rupert Murdoch said Wednesday he had promoted his son Lachlan to be vice president of the two companies that make up his media empire. Those companies are News Corp. and the TV and film producer 21st Century Fox. For years speculation had been rife over which of the six children of the 83-year-old magnate would take over for him. Murdoch did not totally clarify his intentions, as he promoted another of his sons, James, 41, to be co-chief operating officer of 21st Century Fox.

Murdoch names son Lachlan as vice president of media empire

Rupert Murdoch said Wednesday he had promoted his son Lachlan to be vice president of the two companies that make up his media empire. Those companies are News Corp. and the TV and film producer 21st Century Fox. For years speculation had been rife over which of the six children of the 83-year-old magnate would take over for him. Murdoch did not totally clarify his intentions, as he promoted another of his sons, James, to be co-director of operations at 21st Century Fox. fga/dw/hd

Murdoch's 21st Century Fox sees profits fade

Rupert Murdoch's 21st Century Fox reported a drop in quarterly profits Thursday while revenues rose at the film and television conglomerate. In the second fiscal quarter to December 31, the net profit fell by half to $1.2 billion compared to a year earlier when one-time gains boosted earnings. Revenues were up 15 percent at $8.2 billion. Murdoch, the Australian-born tycoon who last year split off the fast-growing entertainment assets from publishing, welcomed "top-line revenue growth across our businesses."

Murdoch's Fox sells Star China TV stake

Rupert Murdoch's 21st Century Fox said Thursday it was selling its 47 percent stake in Star China TV, which operates three Mandarin-language television stations. Terms were not disclosed. The announcement, made by Fox and China Media Capital, said the China-based holding firm would acquire the portion of the joint venture it does not already own. Formed in 2010 and majority-owned by CMC, the joint venture operates three 24-hour channels: Xing Kong, Xing Kong International and Channel [V] Mainland China. It also operates the Fortune Star Chinese movie library.

Murdoch seals 'amicable' divorce from third wife

Media mogul Rupert Murdoch and his estranged third wife Wendi Deng have agreed on an "amicable" divorce settlement, the couple announced in New York Wednesday. Murdoch, 82, and Deng, 44, issued the statement after attending a brief hearing before New York judge Ellen Gesmer. The couple, who were married in 1999, made no comment after the 10-minute hearing, and the terms of the settlement were not disclosed. "We are pleased to announce that we have reached an amicable settlement of all matters relating to our divorce," the statement said.

Murdoch seals 'amicable' divorce from third wife

Media mogul Rupert Murdoch and his estranged third wife Wendi Deng have agreed on an "amicable" divorce settlement, the couple announced in New York Wednesday. Murdoch, 82, and Deng, 44, issued the statement after attending a brief hearing before New York judge Ellen Gesmer. The couple, who were married in 1999, made no comment after the 10-minute hearing, and the terms of the settlement were not disclosed. "We are pleased to announce that we have reached an amicable settlement of all matters relating to our divorce," the statement said.

Rupert Murdoch and Wendi Deng agree to divorce settlement

By Jennifer Saba (Reuters) - Rupert Murdoch and his wife, Wendi Deng Murdoch, appeared before a Manhattan judge on Wednesday in a 10-minute hearing that cleared the way for ending their 14-year marriage. "I'm glad you were able to resolve these matters amicably," New York State Judge Ellen Gesmer said to the media mogul and his wife after asking if they were satisfied with settlement.
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