from MediaFile:

Closing a tabloid won’t stop the cheating culture

By David Callahan
July 7, 2011

By David Callahan
The views expressed are his own.

The demise of the News of the World after a phone hacking scandal will not change a troubling truth about tabloid journalism – or business in general these days: Bad ethics can yield big financial rewards and such are the upsides of cheating that even honest professionals may feel they must bend the rules to compete.

from MediaFile:

Rupert Murdoch’s global empire

July 7, 2011

A scandal rocking Rupert Murdoch's media empire deepened on Thursday with claims his best-selling News of the World paper hacked the phones of relatives of British soldiers killed in action. The latest allegations prompted News Corp to shut down the 168-year-old tabloid. Here's a look at the rest of the empire.

from Reuters Investigates:

The end of an era for British tabloids?

July 7, 2011

No sooner had our special report today on British tabloids hit the wire than Rupert Murdoch's News Corp shocked everybody by announcing it would close down the 168-year-old News of the World.

from MediaFile:

Tech wrap: Facebook zooms into video age

July 6, 2011

Starting today, Facebook users will have the option of holding one-on-one video calls with their friends directly from their account on the social network. The new Skype-powered video service marks a renewed effort by Facebook to cement itself as the go-to communications hub on the Web and serves as a response to Google's recently launched Hangouts app, a similar video chatting feature that lets users on its Google+ social network chat with up to 10 people at once.

from MediaFile:

Tech wrap: And Myspace goes to . . .

June 29, 2011

News Corp’s hunt to find a buyer for once-mighty social networking website Myspace has finally ended. Specific Media, an online advertising firm, has agreed to buy the site for about $35 million, a source familiar with the deal told Reuters. News Corp will retain a minority 5 percent stake in the website it purchased six years ago for $580 million. More than half of the site’s 500 employees are expected to be laid off as part of the deal.

from MediaFile:

Tech wrap: Myspace sale saga nears end

June 9, 2011

An investor group involving Activision Blizzard CEO Bobby Kotick is in final talks to take a controlling stake in News Corp's social network site Myspace, according to a source familiar with the matter. Kotick's involvement is personal and nothing to do with Activision at this stage, the source said.

from MediaFile:

Rupert Murdoch shakes up empire….kinda

June 1, 2011

Rupert Murdoch didn't open the D9 conference this year as he's wont to do. So, his alter ego did.

from DealZone:

Deals wrap: J&J’s $21.6 billion orthopedic buy

April 27, 2011

A general view shows Swiss medical devices maker Synthes' headquarters in Oberdorf, April 25, 2011. Reuters/Christian Hartmann

from DealZone:

Deals wrap: AES powers up in U.S. midwest

April 20, 2011

An electric tower is shown in this file photo. REUTERS/Francesco SpotornoMore consolidation is on the way in the power industry as global power provider AES is buying smaller Ohio-based rival DPL for $3.5 billion. The acquisition will help the company beef up its regulated power business that tends to provide steady returns even during tough market conditions.

from MediaFile:

Tencent, De Wolfe among interested buyers for Myspace

April 7, 2011

De Wolfe and Murdoch in happier times (Photo: Reuters)

De Wolfe and Murdoch in happier times (Photo: Reuters)

Chinese Internet holding company Tencent, Myspace founder Chris De Wolfe and Myspace's current management team are among the 20 odd names kicking the tires at the once might social network to see whether it's worth buying outright or partnering in some sort of spin-out with current owner News Corp.