Matthew Garrahan

IAC chair warns of power shift to Big Tech in film and TV

New competitor has shaken up UK market with a focus on technology but price spikes this winter could bring challenges

Bridgepoint rejected a bid from Ari Emanuel’s TKO Group for MotoGP despite it being worth €200mn more than what Formula One-owner Liberty Media offered for the motorcycle series. The private equity firm this week agreed a sale of Dorna Sports, which owns MotoGP, to Liberty for €4.2bn including debt. “We know that our bid was worth €200mn more than the Liberty bid,” Emanuel told the Financial Times, adding that he did not understand why Bridgepoint had rejected the higher offer. Bridgepoint di…

There is a moment during my lap of the Monza track when the Aston Martin DBX707 I am in is moving so fast it feels like we are about to launch into the air. I am here road testing the carmaker’s SUV, G-force pressing me into the passenger seat as former Portuguese racing driver Bruno Correia guides the car through a chicane and into a long straight. Crowds are already lining sections of the track for the Italian Grand Prix as we rocket past at 140mph, rising to 150 and then 165, speeds simultane…

So the Murdoch succession question is settled, wrapped up, finished — and without any of the drama of the HBO show based on a billionaire media family with an eerie similarity to Rupert’s. Or is it? Murdoch’s letter to staff was pretty clear. Lachlan, his eldest son, will become sole chair of both Murdoch companies, News Corp and Fox. Rupert, meanwhile, will continue to be a big presence in both entities as “chair emeritus”. Company insiders were confident his newspaper editors and publishers…

The TV host on activism after ‘The Daily Show’, his fears for American democracy — and why he’s not running for president any time soon

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Jay Penske is buying a controlling stake in Rolling Stone from founder Jann Wenner, adding the rock-and-roll magazine that defined the 1960s counter-culture to a publishing portfolio that includes Variety, Deadline and Women’s Wear Daily. The investment by Penske Media Corporation brings to an end Mr Wenner’s 50-year control of Rolling Stone, the last remaining asset held by Wenner Media, which has been under increasing pressure from wider industry upheaval and its own strategic stumbles. The d…

At one of the magazine industry’s most revered titles, a baton has been passed following the departure of Graydon Carter from Vanity Fair after 25 years as editor. He is succeeded by Radhika Jones of the New York Times, who has landed one of publishing’s plum jobs — but who will face immediate challenges. Condé Nast, which owns the title, has been grappling with an industry-wide slowdown in advertising and circulation revenue and held off cutting costs at Vanity Fair while Mr Carter was editor.…

News Corp boss joined Tory columnist for The Times newspaper exclusive