News Corp.

News Corp. shelves Sky buyout bid

Rupert Murdoch’s media powerhouse, News Corporation, has withdrawn its offer for UK broadcaster BSkyB, amid the phone hacking scandal that has rocked UK politics and the media.

E-book readers Kindle new interest

While analysts expect e-book readers to become a new competition arena for device manufacturers, content producers like News Corp. threaten to derail the model with new pricing schemes.