Murdoch, in a departure, picks team to map News Corp.'s future strategy

Article Abstract:

Rupert Murdoch, chairman of Australia-based News Corp., has decided to form an 11-man committee to take care of operations and finances. Murdoch's decision marks a change in his leadership style which was characterized by a hands-on policy. This development is attributed to the drop in profits and profitability. The new committee has been specifically tasked to examine goals and priorities and formulate strategies if necessary.

Management

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Analysts suggest caution around shares of Fairfax

Article Abstract:

Analysts are advising investors against buying shares of Australian media giant John Fairfax Holdings Ltd. (Fairfax). Although the company is one of Ausralia's most profitable, they state that Fairfax shares are currently at an abnormally high value. This is largely due to an ongoing battle between media tycoons Rupert Murdoch, Conrad Black and Kerry Packer for control over Fairfax.

Publishing industry, John Fairfax Holdings Ltd.

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Murdoch's optimism gives News Corp's stock a lift

Article Abstract:

Rupert Murdoch, the chief executive officer of Australia-based News Corp., said he believes that his media company has an edge over its rivals due to its cost-cutting measures and business mix. Murdoch's comments helped increase teh stock value 7.5% on the Australian Stock Exchange the week of October 11, 2001.

Australia, Diversified Companies, Strategy & planning, Securities prices, NWS, Speeches, lectures and essays

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