News Corp. reported a loss in its second fiscal quarter, and blamed Facebook and Google for failing to do enough to combat a “dysfunctional” news environment. Chief Executive Robert Thomson noted the profound changes sweeping the world of digital content, saying the tech disruptors are in the “midst of a particularly…

This is a mixed message for investors in the company that houses most of Rupert Murdoch’s Australian and publishing assets including the Wall Street Journal and New York Post. What many won’t like is that News Corp says it will extend its anti-takeover poison pill protection — due to expire today — by three years to…

UPDATE, 1 PM: A small cache of intimate letters from Harper Lee to New York architect Harold Caufield failed to sell at auction at Christie's on Friday. The six letters, from the late 1950s and early ’60s, had a pre-sale estimate of $150,000 to $250,000. But when the bidding stalled at $90,000, they were withdrawn by…

News Corp announced tonight that Tom Mockridge, who has served as CEO of News International since July 2011, will leave the company at the end of the year. Wall Street Journal Managing Editor Robert Thomson is in line to head the News Corp publishing unit when it is spun off from the company’s entertainment…

This is a story that the Wall Street Journal had better have right: The paper reports this morning that its managing editor, Robert Thomson, will become CEO of the still-unnamed publishing company that News Corp will create next year in a spin off. Next week the company plans to announce Thomson’s appointment and the…