Murdoch keeps faith with Ailes.
© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
Wall Street is clearly going to cut bonuses this year, and next year does not look promising either. But financial industry types have not given up the hope of an eventual return to a system based on taking 50 per cent of revenues for the annual bonus pool.
Personally, I am sceptical about that for a couple of reasons. Read more
I am not sure quite what lesson to draw from the fact that Twilight, the vampire film that opens tomorrow, and could become a new Harry Potter-style franchise (for teen girls at least), has been made by a tiny studio after being dropped by Paramount Pictures.
The New York Times has an article this morning detailing how that fact that Paramount let Twilight and the other three books in the series by Stephenie Meyer slip through its fingers in 2006. It says that a “game of finger-pointing” is underway at Paramount. Read more
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