RUPERT MURDOCH

Barely a few days after the landmark $71.3-billion takeover of legendary Fox studio, Walt Disney has initiated a layoff exercise in the one-time rival studio.

Trump demanded the Justice Department block the AT&T Time Warner merger while encouraging the merger between Disney and 21st Century Fox.

Anywhere from 4,000 to 10,000 employees will lose their jobs once the merger between Foxx andThe Walt Disney Company takes effect.

Twenty-First Century Fox Inc agreed to sell its 39 percent stake in Sky PLC to Comcast Corp, the companies said Wednesday, a deal that completes the U.S. cable group's takeover and ends Rupert Murdoch's relationship with the U.K.-based satellite broadcaster.

The cable giant beat Rupert Murdoch, and his backer Disney, in the battle for Sky with an eye-watering $40 billion bid.

A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox is likely to be settled by a quick-fire auction on Saturday.

Disney has received shareholder approval to buy Fox.

The telecommunications company appears to be abandoning its bid for Fox and will instead focus on acquiring Sky.

Fox, which has been trying to buy the pan-European group since December 2016, offered to pay 14 pounds per share, a 12 percent premium to Comcast's earlier offer.

Murdoch's Fox said the performance of Sky since December 2016, including the renewal of the right to show English Premier League matches at a lower price than expected, justified its higher offer.

Walt Disney Co raised its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, sweetening its offer with cash as it looks to scuttle Comcast Corp’s $65 billion offer last week.

Its board is set to decide whether to entertain Comcast Corp's $65 billion cash bid for the New York-based media company or stick with its roughly $52 billion all-stock offer from Walt Disney Co.

If Facebook is committed to portray accurate news in their forum then it should pay a carriage fees similar to model adopted by cable companies, he said.

Michael Wolff’s book "Fire and Fury: Inside the Trump White House" has created quite a stir prior to its release. The excerpts released from the book Wednesday in New York Magazine is a prelude to what lies ahead of the book's release Tuesday.

Details emerged Wednesday about Ailes will, which was obtained by Daily Mail, revealing who gets the TV mogul's money. 

Fox News — a part of media mogul Rupert Murdoch’s News Corp. — has been marred with several sexual harassment cases against its senior employees in recent months.

The ex-Fox News chief died Thursday at the age of 77.

‘Most Influential’? The president's son-in-law was the subject of two rather unenthusiastic paragraphs written by Henry Kissinger.

The Fox News anchor, who has been involved in a sexual harassment scandal, told his viewers on his show "The O'Reilly Factor" Tuesday night that he is going on a vacation for a few days.

Fox News and its host Bill O'Reilly settled a 2002 sexual harassment case but he claimed he made the payments to save his family from defamation.

Ajit Pai may have given Time Warner and AT&T a sigh of relief, but the $85.4 billion merger still faces Trump's apparent opposition.