News deal paves way for move
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GLOBAL media giant News Corp succumbed to intense institutional pressure yesterday and agreed to retain its full foreign listing on the Australian Stock Exchange if shareholders approved the company&#39;s proposal to shift to the United States.
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Rupert Murdoch's News Corp. and advisers for Dow Jones and its controlling Bancroft family were close last night to agreeing on terms designed to ensure The Wall Street Journal's editorial independence if the company accepts a takeover bid from Murdoch, according to several people briefed on the talks.
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SYDNEY: News Corp. Ltd&#39;s controversial plan to relocate to the United States received a boost after a group representing 32 Australian superannuation funds said it will urge members to support the move.
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The Federal Communications Commission is pushing ahead to pass a rule today that would allow more consolidation of local media ownership in the nation's largest cities, despite the fresh threat of a legislative rebuke and continued protests from advocacy groups.
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Lachlan Murdoch and the gambling magnate James D. Packer have made an offer of 3.3 billion Australian dollars ($2.9 billion) to buy Consolidated Media Holdings.
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By Journal staff and wire reports  If approved, the purchase will give Boston's NBC-affiliate Channel 7 ownership of two Boston news broadcasts. Both are expected to be consolidated at Channel 7.   * * *    The Boston television station that broadcasts a 10 p.m.
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Rupert Murdoch won shareholder approval on Tuesday to move the corporate headquarters of his $48 billion News Corp. Ltd. (NCP.AX: Quote, Profile
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Speculation on private newspaper buyouts goes further down the rabbit hole.
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The Philadelphia Inquirer and Philadelphia Daily News reached a tentative contract agreement Tuesday with their largest union.
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Rupert Murdoch has won a key vote allowing his News Corporation media empire to move its headquarters away from his native Australia and into the US.
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News International, the publisher of the Sun, Times and News of the World newspapers, is to relocate its print works from Wapping to Enfield in north London.
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The decision clears the way for the media company to complete its plans to go private by year's end.
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An investor group led by two  well-known Philadelphia-area executives could seal a deal this  week to buy the Philadelphia Inquirer and Daily News newspapers  for up to &#36;600 million, a source close to the matter said on  Monday.
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Acquiring the publisher of the Wall Street Journal might appear to run against Pearson Plc's  current strategy of focusing on education, but a deal could mean the eventual sale of its Financial Times newspaper.
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The $8.2 billion deal to take media company Tribune Co.  private has become entangled in a newly inflamed debate over media ownership rules at the Federal Communications Commission, the Los Angeles Times reported on Friday.
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Â· Demonstration against Murdoch takeover plans  Â· Mogul and paper's owners reach deal on safeguards
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NEW YORK - A share-swap transaction that will nearly double Liberty Media&#39;s voting power in News Corp has been described by the company as a &quot;friendly&quot; move.