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...really makes more money? NASDAQ-listed Wynn Resorts lost $20 million in the quarter that ended in June on sales of $310 million, while Adelson's N.Y.S.E.-listed Las Vegas Sands Corp. posted a $109 million net profit on sales of $541 million. Over the past 12 months Wynn Resorts total return to shareholders was more than 60% vs. Sands Corp.'s 120%. So on that count Adelson wins...
...cheaply create sites and services that would have taken years--and millions--to build in the '90s. Many are communities for sharing links, photos and videos. Others focus on music, travel or online software. One challenge is knowing when to sell. MySpace was sold last year to News Corp. for $580 million, a figure a MySpace founder who no longer had control of the company recently called "one of the largest merger-and-acquisition scandals in U.S. history." MySpace might be worth more than $3 billion today. YouTube gained first-mover advantage with its video-sharing service. But the latest...
This past week Fox News celebrated its 10th anniversary on the air. To mark the occasion, Rupert Murdoch--the 75-year-old Fox News founder, News Corp. chairman and CEO and one of the last of the media titans--spoke to TIME managing editor Richard Stengel about bias in the news, what MySpace means to the future of his business, and his most trusted sources of daily information...
...MySpace--or at least the Internet--the future of News Corp...
...Taylor, a banker and timber magnate, is one of Congress' wealthiest members. and the Democrats are also making an issue of his finances. In his 2005 financial disclosure statement, he listed more than $50 million in stock in Asheville-based Financial Guaranty Corp., a Taylor-owned holding corporation, and between $1 million and $5 million in savings accounts at Blue Ridge Savings, the Asheville-based bank he founded and still chairs; a land and timber partnership in Haywood County; and shares of the Russia-based Bank of Inanovo...