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Departure of Murdoch as Fox leader comes as conservative media landscape is increasingly fractured
NEW YORK (AP) — The departure of Rupert Murdoch as the leader of Fox’s parent company and his News Corp. media holdings after decades at the helm is unlikely to have as much of an impact on conservative media overall as it would have a decade ago.That's because the landscape in general is increasingly fractured, experts said. With a growing number of digital media sources available to them, right-leaning audiences have plenty of options for getting news, opinion and entertainment.
“I think if Rupert Murdoch had stepped down in 2000 it would have had a much... Read More
Who are Rupert Murdoch's children? What to know about the media magnate's successor and family
NEW YORK (AP) — Media magnate Rupert Murdoch on Monday announced that he would be stepping down as the leader of both Fox News' parent company and his News Corp media holdings — with his son, Lachlan, set to take his place.Through his decades-long career, Murdoch, 92, built an empire — beginning with his father's newspaper in Adelaide, Australia — and became a multibillionaire. In the U.S., his creation of Fox News has notably influenced American politics, making Murdoch a hero to some and pariah to others.
Over the years, Murdoch's family has also risen into... Read More
Rupert Murdoch's surprise exit from Fox leaves son Lachlan in line of succession at media empire
NEW YORK (AP) — Magnate Rupert Murdoch's surprise announcement Thursday that he's stepping down as leader of his two companies leaves his son Lachlan firmly in line of succession at Fox and the rest of the media empire.The 92-year-old Australian billionaire's creation of Fox News Channel has made him an enduring force in American politics. He inherited a newspaper in Adelaide, Australia, from his father in 1952 and eventually built a news and entertainment enterprise dominant in the United States and Britain.
Fox said Murdoch would become chairman emeritus of both... Read More
Government shutdown risk spikes as House Republicans leave town in disarray amid hard-right revolt
WASHINGTON (AP) — With House Speaker Kevin McCarthy's latest funding plan in ruins and lawmakers leaving town for the weekend, there's no endgame in sight as hard-right Republicans push dangerously closer to a disruptive federal shutdown.The White House will tell federal agencies on Friday to prepare for a shutdown, according to an official with the Office of Management and Budget who insisted on anonymity to discuss the upcoming instructions. That's standard seven days out from a federal disruption.
The Republican McCarthy has repeatedly tried to appease his... Read More
Biden says Norfolk Southern must be held accountable for Ohio derailment but won't declare disaster
President Joe Biden ordered federal agencies to continue holding Norfolk Southern accountable for its February derailment in eastern Ohio and appoint a FEMA official to oversee East Palestine's recovery, but he still stopped short of declaring a disaster.Biden issued the executive order Wednesday evening. Part of the order essentially directed the environmental, health and transportation officials to continue doing what they are doing to make sure Norfolk Southern fulfills its responsibilities and report on the progress. The Federal Emergency Management Agency will name a... Read More
Top Stories in Business/Finance
- Departure of Murdoch as Fox leader comes as conservative media landscape is increasingly fractured
- Who are Rupert Murdoch's children? What to know about the media magnate's successor and family
- Rupert Murdoch's surprise exit from Fox leaves son Lachlan in line of succession at media empire
- Government shutdown risk spikes as House Republicans leave town in disarray amid hard-right revolt
- Biden says Norfolk Southern must be held accountable for Ohio derailment but won't declare disaster
- DuckDuckGo founder says Google's phone and manufacturing partnerships thwart competition
- Anti-Defamation League says Adidas CEO apologizes for misstatement about Kanye West
- Stock market today: Stocks drop in an ugly day as allure grows to buy a Treasury bill and chill
- Gates Foundation commits $200 million to pay for medical supplies and contraception
- King Charles III makes a stop at the fire-damaged Notre Dame Cathedral on his state visit to France
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Stocks
Stocks
More- Stock market today: Stocks drop in an ugly day as allure grows to buy a Treasury bill and chill
- The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
- Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices
- Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24
- Stock market today: Asian shares decline ahead of Fed decision on rates
Economy
- Stock market today: Stocks slump worldwide as allure grows to buy a Treasury bill and chill
- What will Federal Reserve do next? Any hint of future rate hikes will be key focus of latest meeting
- Germany went from envy of the world to the worst-performing major developed economy. What happened?
- Stock market today: Wall Street slips, on track for second straight weekly loss
Corporate News
More- Instacart's IPO surges as the grocery delivery company goes from the supermarket to the stock market
- Former U.S. Rep. Steve Buyer of Indiana sentenced to 22 months in prison for insider trading
- Foreign firms in China say vague rules and tensions with Washington hurting business, surveys show
- Microsoft's chief product exec to step down. Panos Panay was behind Surface devices and Windows 11
- Chinese police detain wealth management staff at the heavily indebted developer Evergrande