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CNN

Top Stories - Finding the perfect burger


American burger joints have sprung up all over London, but how to know which ones are best? Jim Boulden investigates.


Tuesday, July 29, 2014  14:54

Yahoo

World - Murdoch creates `Sky Europe` pay TV giant


Rupert Murdoch`s media empire 21st Century Fox has struck a mega deal with British satellite television group BSkyB to create a pan-European pay-TV giant, the two companies announced on Friday. BSkyB, 39-percent-owned by 21st Century Fox, said it had agreed to buy Fox`s 100-percent stake in Sky Italia and its 57.4-percent interest in Sky Deutschland. The new project, named `Sky Europe` by observers, is seen as a bid by media mogul Murdoch to strengthen his European television operations as the telecommunications sector enters the market to screen live football matches featuring some the world`s biggest clubs. Analysts said the deal would give 21st Century Fox an opportunity also to make a renewed bid for rival Time Warner.


Friday, July 25, 2014  19:28

Yahoo

World - Rupert Murdoch creates `Sky Europe` pay TV giant


Rupert Murdoch`s media empire 21st Century Fox has struck a mega deal with British satellite television group BSkyB to create a pan-European pay-TV giant, the two companies announced on Friday. BSkyB, 39-percent owned by 21st Century Fox, said it had agreed to buy Fox`s 100-percent stake in Sky Italia and its 57.4-percent interest in Sky Deutschland. The new project, named `Sky Europe` by observers, is being seen as a bid by media mogul Murdoch to strengthen his European television operations as the telecommunications sector enters the market to screen live football matches featuring some the world`s biggest clubs. Analysts said the deal would give 21st Century Fox an opportunity also to make a renewed bid for rival Time Warner.


Friday, July 25, 2014  14:28

Yahoo

Business - Murdoch`s 21st Century Fox pledges to extend buybacks


Rupert Murdoch`s 21st Century Fox said on Friday it would renew a share buyback program using the proceeds from its partial exit from European pay-TV, regardless of any acquisitions the media group undertakes. The company made the pledge in a statement announcing the sale of Fox`s Italian and German pay-TV units to BSkyB for $9 billion in cash and assets. `For fiscal 2015 we will continue our share buyback program and will communicate the details of a renewed share buyback authorization upon the announcement of fiscal 2014 earnings results on Wednesday, August 6, 2014.` In August 2013, Fox`s board authorized a $4 billion share buyback over the next 12 months. Murdoch, chairman and CEO, added: `Our renewed authorization for our share buyback program will be executed regardless of any potential acquisition or investment activity by the Company.` Fox recently made an unsolicited $80 billion bid for media conglomerate Time Warner, which was rejected by its management as too low.


Friday, July 25, 2014  10:27

Yahoo

World - BSkyB reveals deal to create pan-European pay TV giant


British satellite television group BSkyB said on Friday it had agreed multi-billion-dolla deals with Rupert Murdoch`s media empire 21st Century Fox to create a pan-European pay-TV giant. Murdoch`s 21st Century Fox media conglomerate owns 39 percent of BSkyB. BSkyB has agreed to buy 21st Century Fox`s 100-percent stake in Sky Italia and its 57.4-percent interest in Sky Deutschland, a statement said. BSkyB said it planned to acquire the rest of Sky Deutschland from the German group`s minority shareholders, creating a pan-European TV giant in deals costing the British group a total of up to £7.0 billion ($11.9 billion, 8.8 billion euros) in cash.


Friday, July 25, 2014  08:41

Yahoo

World - German police arrest 18-year-old after attack on synagogue


German police arrested an 18-year-old man after petrol bombs were thrown at a synagogue in the western town of Wuppertal overnight, they said in a statement on Wednesday. `According to investigations, three suspects threw several incendiary devices at the entrance,` police said.


Tuesday, July 29, 2014  14:01

Yahoo

Business - Murdoch`s Fox open to giving Time Warner board seats in new bid: Bloomberg


Rupert Murdoch`s 21st Century Fox is open to giving Time Warner Inc shareholders seats on the new company`s board if its takeover bid succeeds, Bloomberg reported on Saturday, citing people familiar with the situation. Board representation could appear in a revised proposal, Bloomberg cited one of the people as saying. It did not say how many board seats were being considered and added the two sides are not currently in negotiations. Time Warner`s board rejected Murdoch`s $80 billion takeover offer earlier this month, but the Fox chairman and chief executive officer is expected to continue the pursuit.


Saturday, July 26, 2014  16:43

Yahoo

Business - Fox seen selling CNN rather than spinning off despite tax bill


By Liana B. Baker, Jennifer Saba and Soyoung Kim NEW YORK (Reuters) - If Twenty-First Century Fox succeeds in buying Time Warner Inc, it`s likely to sell CNN and pay billions of dollars in taxes rather than go through the headaches of spinning the cable news channel off to shareholders of the merged company, according to people familiar with the matter. Fox plans to get rid of CNN because it already operates its own namesake news network and would likely face opposition from regulators even if it wanted to keep it. Potential buyers include CBS and Walt Disney`s ABC - two broadcast news juggernauts in search of a cable news outlet. The entire sale price would be taxable because CNN is carried on Time Warner`s books at near-zero, people familiar with the company said.


Saturday, July 26, 2014  00:34

Yahoo

Business - BSkyB to pay $8 billion to create Sky Europe


Britain`s BSkyB has agreed to pay around 4.9 billion pounds ($8.3 billion) to buy Rupert Murdoch`s pay-TV assets in Germany and Italy, responding to the slowing growth at home with a deal to create a European media powerhouse. BSkyB, 39-percent owned by Rupert Murdoch`s 21st Century Fox, will pay for the deal with cash, debt and by a placing of shares that represents around 10 percent of the firm`s issued share capital. BSkyB said under the deal it would pay 2.45 billion pounds for Sky Italia and 2.9 billion pounds for Fox`s 57 percent stake in Sky Deutschland to create a combined group with nearly 20 million customers. The payment for Sky Italia will be made up of cash and BSkyB`s stake in the National Geographic Channel.


Friday, July 25, 2014  07:34

Yahoo

Business - Carey pressured from both sides of Fox Time Warner deal to stay in job


By Ronald Grover , Jennifer Saba and Liana B. Baker LOS ANGELES/NEW YORK (Reuters) - Chase Carey, Twenty-First Century Fox`s president and chief operating officer, may be feeling pressure to stay in his job for several more years both from his boss, Rupert Murdoch, and from the company Murdoch is trying to buy, Time Warner Inc. As Murdoch mulls his next step following Time Warner`s rejection of his $80 billion offer, some Time Warner investors say they are concerned about who might succeed the 83-year-old chairman and chief executive. In particular, they`re not sure whether Murdoch`s sons, James, 41, and Lachlan, 42, are ready to manage the integration challenge. The 60-year-old New Yorker, who`s been working for Murdoch since 1988 and earned a reputation for a no-nonsense leadership style, signed a two-year contract with Fox in June that gives him the option to opt out after 18 months.


Thursday, July 24, 2014  06:14

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