Voices

Murdochs Are Re-Elected Amid Protest

News Corp.’s board and management “will stop at nothing to get to the bottom” of a phone hacking scandal at the company’s U.K. newspaper unit “and put it right,” Chairman and Chief Executive Rupert Murdoch, told shareholders Friday.

Voices

Murdoch Selects His Team Carefully

With two top executives departed and the political stakes of every move at an all-time high, News Corp. Chief Executive Rupert Murdoch has turned to an inner circle of advisers who share one trait: distance from the events now haunting the company.

The Shocking Spot Runner Lawsuit Vs. the BoomTown Video of CEO Nick Grouf in Happier Days

As everyone knows by this morning, Spot Runner–the heavily-funded and once-hyped online-offline advertising agency–is being sued by one of its more prominent investors. Ad behemoth WPP essentially paints an ugly picture of Spot Runner as the Bernie Madoff of Web 2.0. It is alleging in a lawsuit that Spot Runner, in a “pump and dump” scheme, sold over $54 million in “secondary” shares to line its own pockets without telling WPP much, all while losing money, running out of funding and not building a sustainable business. Here’s the background and also an interview BoomTown did with CEO and co-founder Nick Grouf in better days.
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Murdoch Addresses the Troops After Chernin Leaves: Time to “Streamline”

What will News Corp.’s management structure look after Peter Chernin leaves? In the very short term, it will remain the same, except that the Fox units Chernin ran–the movie studio, network TV business, and Fox Interactive/MySpace group–will report directly to CEO Rupert Murdoch. But Chernin’s departure will also kick off a near-term reorg and management shuffle, which Murdoch referred to in an all-hands memo today.
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Spot Runner's CEO Nick Grouf Speaks!

On one of my many trips to Los Angeles (what can I say? I like to hang where LoRo* hangs), I dropped in to see Nick Grouf of Spot Runner. As many might know, Spot Runner is an online-offline ad agency play that has gotten big funding and even bigger hype of late. Usually, BoomTown runs screaming from such Web 2.0 dandies, but there is definitely some there there at Spot Runner.