The Latest Breaking News from Rupert Murdoch

‘Birds of a feather flock together’

News Corporation is cutting its staff by 5% globally, including in Australia, after its news media division recorded a second-quarter earnings decline of 47%. The decision inevitably reopens questions about the future of the company’s newspapers, particularly once Rupert Murdoch is gone.

"I should by rights be a millionaire by now and I was brought up on benefits - this has to matter."

Rupert Murdoch has abandoned his bid to reunite the two halves of his media empire.

Rupert Murdoch has pulled the plug on a proposal to merge his News Corp. and Fox Corp. In statements Tuesday, the companies said their boards received letters from Murdoch withdrawing the plan

Economists say the RBA will likely continue to hike rates in the short term despite inflation reaching peak

Murdoch indicated that the combination was "not optimal at this time," according to a press release from News Corp.

Fox has argued that it had the right to report the claims of Donald Trump

Former president’s relationship with network has been fraying for years