It is not the first time that the family that controls Cablevision Systems, whose bid to acquire Newsday could lead to a quick deal, has left shareholders and investors scratching their heads.

Cablevision appeared likely to prevail in the bidding for the newspaper after the News Corporation pulled out.

Cablevision appeared likely to prevail in the bidding for the Long Island newspaper after News Corporation pulled its $580 million bid.

The global media conglomerate controlled by Rupert Murdoch said third-quarter profit nearly tripled, to $2.7 billion, mainly from growth in the company’s television and cable networks businesses.

The phenomenal success of the News Corporation, of which Rupert Murdoch is chairman, owes a lot to his shaking up the business side of media properties — and to risk taking.

Rupert Murdoch and Mortimer B. Zuckerman have not signaled they would increase their bid for Newsday to match a higher offer from Cablevision.

The ouster of The Wall Street Journal’s top editor last week did not live up to the conditions that the News Corporation agreed to when it bought the paper, an oversight committee said.

The ouster of The Wall Street Journal’s top editor last week did not live up to the conditions that the News Corporation agreed to when it bought the paper, an oversight committee said.

Robert Thomson, the new de-facto editor at The Wall Street Journal, is charged with executing the vision of its owner, Rupert Murdoch.

Two departing high-ranking Wall Street Journal employees, including its managing editor, are under nondisparagement clauses.