FROM Ken Auletta
Murdoch Moves In a surprise move, 83-year-old media mogul Rupert Murdoch is giving his two sons new positions in his companies, apparently setting them up to succeed him. Lachlan Murdoch, Rupert’s oldest son, was named non-executive co-chairman of 21st Century Fox and the News Corp. today. Meanwhile Lachlan’s brother, James, has been promoted to co-chief operating officer at 21st Century Fox. The new appointments have big implications for the future of the Murdoch media empire.
New York Times Given Junk Status In May, $400 million of debt will come due for the owners of the New York Times . With advertising revenue practically disappearing, the timing couldn't be worse. A $250 million loan from Mexican telephone mogul Carlos Slim will help, but not enough for Moody's Investment Services to change its last week's labeling of the Times as a " junk-level " investment. Ken Auletta, a columnist and contributor to the New Yorker magazine, is working on his eleventh book on the future of the media.
George Saunders: Lincoln in the Bardo (Part I) Lincoln in the Bardo dramatizes a grieving President Lincoln as he visits the grave of his beloved son Willie, who died at age eleven. In the novel, the buried dead believe they're not dead -- "they're sick and refer to their coffins as "sick boxes."
Industry insights and lessons learned from memorable guests We have interesting guests on The Business, and sometimes our conversations are too long to fit into one show. This week we give you stories that were too good to leave on the cutting room floor, including some sharp insights on making it in the industry from David Mandel, David Simon, Shawn Levy and Matt Reeves.