The tie-up between Arab entertainment giant Rotana and pro-Israel media mogul Rupert Murdoch is viewed in Egypt not only with suspicion but as signalling the decline of Arab film and art heritage. In a country where film and television attract some of the largest audiences across the Arab world, the tycoon's foray into the Middle East is widely ...

(Reuters) - Rupert Murdoch's News Corp will earn $350 million to $400 million from James Cameron's blockbuster "Avatar," once the movie is released on pay television and DVD, Bloomberg said, citing two people with knowledge of the financial performance. The amount represents News Corp's about 40 percent share of as much as $1 billion that the film is ...

News Corp chief Rupert Murdoch announced on Tuesday that the Gulf emirate of Abu Dhabi is to become the headquarters of his global media empire in the Middle East. Addressing some 400 delegates at the opening of the Abu Dhabi Media Summit, Murdoch said his corporation had started out as a small Australian firm to become a US-based international ...

SAN FRANCISCO (Reuters) - With shrinking audiences, deep layoffs and two management shake-ups, MySpace, the one-time leader in Internet social networking, has had a rocky year. Mike Jones, who took over as co-president last month with Jason Hirschhorn, said that even within MySpace some employees have lost the will to keep fighting. "We are at the point now where we need ...