The FT says its circulation reached 720,000 last year, and digital subscribers accounted for 70% of the total.
The 84 year old Mr. Murdoch will remain at the company as executive chairman.
The Federal Communications Commission and Justice Department are still reviewing the deal.
Michael Bloomberg returns to the helm of Bloomberg, the data and financial news company he founded.
The U.S. cable company has made a verbal offer to buy larger rival Time Warner.
Weakness at Australian newspapers takes toll; shares fall 4% in after-hours trading.
Posts quarterly loss, cuts profit forecast, as entertainment unit adds to woes.
Reduces his stake to 4.5% after making a total return of 457% in 14 months.
Executives say the rechristening aims to get the most out of its brand.
Who’s-who of Hollywood luminaries flown to Qingdao to hear of plans to make China world’s dominant film industry by 2018.
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