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Lachlan Murdoch drops case against Crikey

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Lachlan Murdoch drops case against Crikey, days after Fox News paid $787m to Dominion

Lachlan Murdoch is dropping his defamation case against Private Media, the publisher of Crikey.

Murdoch’s lawyer says “it is a matter of public record that Crikey admits there is no truth to the imputations that were made about Murdoch in the [disputed] article.”

This comes just days after Fox News paid $787 million to settle a lawsuit brought by voting machine maker Dominion.

The lawyer says a contributing factor to Murdoch’s decision was the case against Dominion settling.

In June 2022, Crikey’s political editor published an article linking the Murdoch family to the January 6 Capitol attacks in the U.S.

The headline called Murdoch an “unindicted co-conspirator”.

It was taken down after a formal legal complaint from Murdoch, but was later republished.

“Murdoch remains confident the court would ultimately find in his favour, however he does not wish to further enable Crikey’s use of the court to litigate a case from another jurisdiction,” the lawyer said.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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