News Corp. shareholders are being told by a leading proxy adviser to withhold their votes for four board members, including Chairman Lachlan Murdoch https://t.co/ikK3HDzEEc ...

Rupert Murdoch and News Corp. asked a US judge to toss out President Donald Trump’s $10 billion libel lawsuit over a Wall Street Journal report on his alleged ties to the late Jeffrey Epstein https://t.co/RWRHxYgqhF ...

Core Insights - President Trump has extended the deadline for ByteDance to sell TikTok's U.S. operations to mid-December, amid national security concerns [3][7] - A group of prominent figures, including Rupert Murdoch, Lachlan Murdoch, Michael Dell, and Larry Ellison, are reportedly involved in the potential acquisition of TikTok's U.S. operations [2][3][7] - The new U.S. owners of TikTok are expected to lease the algorithm, with Oracle tasked to recreate and secure the recommendation software, ensuring U.S. control over the algorithm [4] Company Involvement - Rupert Murdoch has expressed interest in owning a small stake in TikTok U.S. if a deal is reached, with Fox Corp likely to hold the investment [5] - The consortium of new investors and existing backers is projected to own approximately 80% of the company controlling TikTok's U.S. operations [5] User Base - TikTok has around 170 million users in the U.S., highlighting its significant market presence [3]

Core Insights - Lachlan Murdoch's recent financial maneuvers indicate a significant consolidation of power within Fox Corp. and News Corp., controlling approximately one-third of the voting shares in both companies [1][2] - The establishment of a new holding company, LGC HoldCo, involved a $1 billion loan from JPMorgan Chase to facilitate the buyout of his siblings' stakes, with a total transaction value of $3.3 billion [2][3] - The resolution of the family trust dispute allows Lachlan to solidify his leadership role, following a court ruling that favored his siblings in a challenge against their father's attempts to concentrate power [4][5] Company Performance - Fox Corp. reported a 7% increase in advertising revenue to $1.1 billion in the latest quarter, contributing to an overall revenue of $3.3 billion and a net income of $720 million, which doubled year-over-year [15] - The growth in Fox's revenue is attributed to its streaming service Tubi and Fox News, with projections indicating significant future revenue from non-cable TV sources [16] - News Corp. exceeded analyst expectations with $2.1 billion in revenue, driven by a 6.7% increase in quarterly revenue at Dow Jones and a 9% rise in digital-only subscriptions [18] Strategic Moves - Lachlan's leadership has seen successful acquisitions, such as the majority stake in fintech Credible and the ad-supported streaming service Tubi, which has grown to over 100 million monthly users [12][13] - The digital real estate unit, including REA Group, reported a 4% year-over-year revenue increase, indicating a stable performance in a mature media environment [19] - Discussions around a potential merger between News Corp. and Fox Corp. were deemed "not optimal" for shareholders, reflecting ongoing concerns about asset valuation and market performance [20][21]

Donald Trump and News Corp. agreed to delay Rupert Murdoch’s deposition over the Wall Street Journal’s report on the late Jeffrey Epstein until the publisher’s request to toss out the president’s $10 billion libel lawsuit is resolved https://t.co/sVaxI45wsz ...

President Donald Trump sued Dow Jones, News Corp. and Rupert Murdoch for libel https://t.co/tdRAz62IL1 ...