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Rupert Murdoch calls off proposed Fox-News Corp merger

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Rupert Murdoch has withdrawn his proposal to re-combine Fox Corp and News Corp.

Fox said Tuesday its board received a letter from Murdoch, its chairman, and his son and Fox CEO Lachlan Murdoch that “determined that a combination is not optimal for the shareholders” of either of the companies at the time.

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The withdrawal proposal comes as News Corp has been in advanced discussions to sell its stake in Move Inc., the parent company of Realtor.com, to commercial real estate company CoStar Groupaccording to a person familiar with the matter.

The deal could be valued

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Consumer interest in foods’ mental health benefits growing

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CHICAGO — Consumers have become increasingly focused on the role food plays in their mental and physical health, according to new research from The NPD Group.

The market research firm said consumers initially grew to care more about their overall health and wellness as a result of the pandemic, with food’s effect on health garnering more attention as the trend has continued. Now, consumers rank food and beverage choices just behind physical exercise as the main contributing factor to their health.

The emphasis on health and wellness may also be seen in the meal kits market where consumers now rank

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Reddit is facing a major protest from its own moderators

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Reddit, the “front page of the internet,” is making front-page news today, as many of the site’s moderators have made their communities private or restricted to protest recent changes to the platform.

Many of the platform’s largest forums or subreddits, including r/pics, r/gaming and r/music, are preventing users from viewing the site or posting on it in an effort to draw attention to changes that would charge third-party apps to access Reddit’s content — a move third-party developers say would put their applications out of business.

The changes, slated to begin on July 1, will charge external applications for accessing

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Bell asks CRTC to drop local news requirements

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TORONTO –

BCE Inc.’s media arm is asking the federal telecommunications regulator to waive local news and Canadian programming requirements for its television stations, saying its obligations are based on outdated market realities.

In an application to the CRTC filed June 14, Bell Media requested the regulator drop requirements for spending on local news and on the number of hours per week that stations are required to broadcast locally reflecting news in major and smaller markets.

The application was filed the same day Bell announced it was cutting 1,300 positions, shutting or selling nine radio stations and closing two foreign

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Smith faces a slew of financial challenges in Alberta after election victory

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After faltering about a decade ago in her ambitions to lead the Wildrose Party to power in Alberta, Danielle Smith found redemption on Monday night as leader of the United Conservative Party with a majority victory in the provincial election.

Smith became premier in October after winning the UCP leadership vote in the wake of Jason Kenney’s resignation, and now has a much broader mandate after a victory over the Alberta New Democratic Party.

“To paraphrase our dear friend Ralph Klein, ‘Welcome to another miracle on the Prairies,'” Smith said to cheers from the crowd in Calgary.

The election comes

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CFIB wants CEBA loan repayment deadline extended as businesses struggle – Business News

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CEBA extension sought

The Canadian Press – | Stories: 425990

The Canadian Federation of Independent Business says in a survey of its members, 78 per cent of them reported that getting extra time to repay their Canada Emergency Business Account loans will increase the likelihood of their survival.

The federation says 49 per cent of small businesses are still making below-normal revenues, with those in hospitality, arts and recreation, retail and social services hitting the hardest.

CFIB president Dan Kelly says high interest rates, inflation and labor costs are making

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Recession could be just what the doctor ordered for the economy

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Scotiabank chief economist says downturn could jostle the economy into a more normal, productive future

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Published April 21, 2023 • 3 minute read

Scotiabank chief economist Jean-François Perrault says that while the central banks won't come out and say it, a recession seems to be just what the doctor ordered.
Scotiabank chief economist Jean-François Perrault says that while the central banks won’t come out and say it, a recession seems to be just what the doctor ordered. Photo by Peter J Thompson/National Post/File Photo

We may be in for some rocky months, but a recession later this year could ultimately help jostle the economy back to a state of

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Report: Chinese state-sponsored hacking group highly active – Business News

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A Chinese hacking group that is likely state-sponsored and has been linked previously to attacks on US state government computers is still “highly active” and is focusing on a broad range of targets that may be of strategic interest to China’s government and security services, a private American cybersecurity firm said in a new report Thursday.

The hacking group, which the report calls RedGolf, shares such close overlap with groups tracked by other security companies under the names APT41 and BARIUM that it is thought they are either the same or very closely affiliated, said Jon

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