FORTUNE -- Media-ownership rules might or not be outdated, but for now, they still exist. They can be waived, however, to allow media companies to own several different news outlets in the same market. News Corp.(NWSA) chief Rupert Murdoch has received several such waivers over the years, even though it was his voraciousness for owning media outlets that led to the rules in the first place. And he might be seeking a waiver now to allow him to buy the Los Angeles Times from the Tribune Co. He would need such a waiver because he already owns two television stations in the Los Angeles market.
On last night's The Daily Show, Jon Stewart played the inquisitive senator, glasses perched Carl-Levin-Style on the tip of his nose, eliciting testimony from archived video footage of Rupert Murdoch (including one bit from several decades ago). Reviewing the recent phone-hacking scandal at News Corp.'s British tabloid News of the World, Stewart told Murdoch: "I assume you're asking us to waive our laws as a courtesy, so you don't have to break them."
President Obama is deciding whom to nominate as the head of the Federal Communications Commission with the announced departure of Julius Genachowski. "How about Jon Stewart as the next FCC Chairman?" tweeted media watchdog Josh Stearns.
Many suspected two years ago that the iPad-only publication was dead on arrival
FORTUNE -- News Corp. (NWS) announced Monday that The Daily -- the iPad-only publication launched with great fanfare by Rupert Murdoch with the encouragement of Apple's (AAPL) Steve Jobs (and a little speech by Senior VP Eddy Cue) -- will "cease standalone publication" on Dec. 15, one month short of its second birthday.
An unspecified number of the 120 MOREPhilip Elmer-DeWitt - Dec 3, 2012 10:25 AM ET
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* Some analysts have previewed the software update for Research in Motion's PlayBook and aren't impressed. Worse, they believe the update will do little to turn the floundering tablet's sales around. (The New York Times)
* Like Netflix (NFLX), Hulu is upping the ante by offering original content like the show Battleground, MOREJP Mangalindan, Writer - Jan 17, 2012 4:15 AM ET
Returns to the venue where Rupert Murdoch launched The Daily on the iPad
Eddy Cue, Apple's (AAPL) senior vice president for Internet software and services, is reported to be in charge of the much-touted special event scheduled for the morning of Jan. 19 in New York City. The wording of the blackboard-like invitation sent to reporters Wednesday -- "Join us for an education announcement in the Big Apple" -- suggests that this could MOREPhilip Elmer-DeWitt - Jan 11, 2012 1:31 PM ET
What if Apple turned the iPad into an easy-to-use front end for real-time financial data?
News Corp. (NWS), a ship that leaks from the top, reports through AllThingsD that Apple (AAPL) has scheduled "an important — but not large-scale" New York City event in late January headlined by Eddy Cue, Apple's senior vice president for Internet software and services.
I'm having a hard time getting as excited about this as Kara Swisher seems MOREPhilip Elmer-DeWitt - Jan 3, 2012 6:52 AM ET
All this talk about an Apple-branded TV set may be missing the point
Reading between the lines of the Wall Street Journal's story Monday about Apple's "assault" on the TV business, you can almost hear the desperation of the media executives who asked Apple (AAPL) to brief them on exactly what the wizards of Cupertino are up to.
These media executive -- which included, presumably, Rupert Murdoch, whose News Corp. (NWS) owns MOREPhilip Elmer-DeWitt - Dec 19, 2011 8:23 AM ET
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"I am not sure i agree that iPads are making music more accessible than ever. Before man kind had bongos and flutes and guitars and such, pretty accessible stuff." -- Bjork (Midem Blog)
* Steve Jobs was honored at a private memorial at Stanford University's Memorial Church last night. In attendance: Google MOREJP Mangalindan, Writer - Oct 17, 2011 3:30 AM ET
At this point, the ultimate fate of the beleaguered Internet company is anybody's guess. But here are some of the executives that may get a chance at taking the top spot.
FORTUNE -- It's impossible to guess who might be Carol Bartz's replacement at Yahoo because it's impossible to guess what Yahoo might look like when a replacement is named. It could be a totally different company before a CEO is MOREDan Mitchell, contributor - Sep 8, 2011 2:39 PM ET
The Rupert Murdoch-owned paper ran a couple of very odd stories this week
There's not much doubt, Rupert Murdoch declared on his Fox News cable network last year, that Steve Jobs is the best chief executive in the U.S.
"He's got such incredible focus," he told an interviewer. "He's got such power inspiring the people around him who work for him. And, you know, it's -- it's a highly, highly disciplined company... MOREPhilip Elmer-DeWitt - Jul 23, 2011 8:50 AM ET
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Microsoft is paying Nokia $1 billion to develop and market Windows Phone 7 smartphones. In exchange, Nokia will pay Microsoft a fee for each copy of Windows Phone 7 used on its devices, and those costs will likely be offset as the company downsizes its internal MOREJP Mangalindan, Writer - Mar 8, 2011 6:00 AM ET
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