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A Murdoch Heir's Start-and-Stop Climb to the Top
As Rupert Murdoch plans to step down as chair of Fox and News Corp, his son Lachlan brings a different leadership style. Source link
Rupert Murdoch to Step Down as Chair of Fox and News Corp
Murdoch will exit roles atop News Corp and Fox in November and will be appointed chairman emeritus. Source link
CNN Taps Former New York Times Chief Thompson to Lead Network
Mark Thompson, whose appointment as CEO will be effective Oct. 9, comes as parent Warner Bros. Discovery looks to bring stability to the network’s ranks.
Apollo-Led Lenders Sell Yellow Loan to Citadel
The firm exited its loan investment after rival lenders offered better terms to finance Yellow’s liquidation. Source link
News Corp Swings to Loss Amid Revenue Drop, Book-Publishing Struggles
CEO says news publisher is in talks with AI companies to establish the value of its content. Source link
Paramount to Sell Simon & Schuster to KKR for $1.62 Billion
The sale of the book publisher to the buyout firm comes less than a year after previous deal with Penguin Random House was blocked. Source
How Yellow's Downfall Is Rippling Through the Economy
The trucker’s competitors are reaping a windfall of business, while customers face rising shipping costs. Source link
Yellow Files for Bankruptcy After Shutting Down
The bankruptcy follows years of struggles as it tried to address the debt it accumulated through a series of mergers and a $700 million federal
Private-Equity Firm KKR in Advanced Talks to Buy Simon & Schuster for Roughly $1.65 Billion
Book publisher was put up for sale for the second time after a judge blocked a previous deal with Penguin Random House. Source link
Yellow's Shutdown Could Cost Taxpayers Money
Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on how much Yellow raises by