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Fox Corp loses bid to be removed from Smartmatic lawsuit against Fox News

A New York court has rejected Fox's bid to file a lawsuit against Fox News by voting system provider Smartmatic. New York Court of Appeals on Thursday upheld the previous judgment denied Fox's request to dismiss the lawsuit; According to multiple reports. Smartmatic is seeking more than $2 billion from Fox, accusing the top-rated cable […]

U.S. Steel, Japanese Corp. File Lawsuits After Foreign Acquisition Is Blocked

U.S. Steel filed two joint lawsuits with Nippon Steel after President Joe Biden blocked the Japanese company's takeover of the iconic American company. lawsuit target In addition to the Biden administration, which blocked the deal, the United Steelworkers (USW) and Ohio-based Cleveland-Cliffs also claim that U.S. Steel and Nippon Steel illegally coordinated to block the […]

Fox Corp. supports New Orleans terror victims and family through Love One Louisiana Foundation

Fox is supporting the victims of the New Orleans terrorist attack and their families through a donation to the Love One Louisiana Foundation. The foundation provides assistance and support for victims' funeral expenses, hospital and medical expenses, and recovery and rehabilitation costs. In addition, donations will help provide continued care and support for orphans and […]

Elon Musk’s X Corp. Files Notice in Alex Jones’ Infowars Bankruptcy Case

Lawyers for Elon Musk's Company X have filed a notice to appear in Alex Jones' Infowars bankruptcy case. “The cavalry is here,” Jones claimed, adding: “Trump is angry.” The judge overseeing the bankruptcy case said he was concerned about how The Onion, a satirical comedy website supported by the families of the Sandy Hook Elementary […]

News Corp posts record Q1 revenue to beat Wall Street estimates

News Corp. posted record first-quarter sales, beating Wall Street expectations, led by growth in its digital real estate services, book publishing and Dow Jones divisions, the company announced Thursday. The media giant, which owns the New York Post and Wall Street Journal, reported a 148% increase in net income for the quarter to $144 million, […]

News Corp faced $9M loss by nixing Google advertising tools, former exec testifies

News Corp. considered switching away from Google's advertising products in 2017 but abandoned the idea after it thought it would have cost the company at least $9 million in revenue, a former executive at The Washington Post publisher testified on Tuesday. Despite providing tools, Google maintains a monopoly on digital advertising “It's cumbersome and slow” […]

News Corp beats revenue estimates as digital subscriptions grow

News Corp. on Thursday reported fourth-quarter earnings that beat Wall Street expectations, helped by digital subscriber growth at its Dow Jones business. The New York-based media giant, which owns The Washington Post, The Wall Street Journal and Dow Jones Newspapers, said revenue for the quarter ended June 30 rose 6 percent to $2.58 billion, from […]