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 ...

NEW YORK (Reuters) - Viacom Inc's Comedy Central is withdrawing its popular comedy shows "The Daily Show with Jon Stewart" and "The Colbert Report" from online video service Hulu, a Hulu executive said on Tuesday. Hulu's senior vice president of content and distribution, Andy Forssell, said the company was unable to secure the rights to the popular shows from ...

News Corp. is buying out Hearst's 50 percent stake in SmartMoney, giving it complete ownership of the magazine. The company plans to integrate the magazine with The Wall Street Journal, which is owned by News Corp. unit Dow Jones & Co. Bob Christie, a Journal spokesman, says ...