Piers Morgan quits Rupert Murdoch's News Corp, cites YouTube-linked connection

English broadcaster Piers Morgan has quit Rupert Murdoch's News Corp-owned News U.K. The former CNN presenter also cited the reason behind leaving the media giant.

Morgan plans to focus on his YouTube Channel "Piers Morgan Uncensored". "Piers Morgan Uncensored" current has 3.63 million subscribers and a library of 1500 videos. Piers Morgan Uncensored is the global arena for fearless debate, bold opinions and major interviews, the official introduction on YouTube reads.

However, even after Morgan's exit, Murdoch will have stake in "Piers Morgan Uncensored" until 2029.


Meanwhile, News Corp has agreed to sell its Australian cable-TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion ($2.1 billion) including debt, cutting the Murdoch-controlled media empire's exposure to a business upended by streaming platforms.

News Corp will gain a board seat and hold a 6 per cent stake in DAZN, a London-headquartered streaming platform, while DAZN (pronounced Da Zone) gains streaming rights to Australian Football League and the National Rugby League.

As Foxtel navigates expensive sports rights and competes with global digital behemoths, the deal highlights News Corp's push to streamline its portfolio as Rupert Murdoch shapes the future of his media empire.

The valuation on Foxtel represents seven times its 2024 earnings before interest, tax, depreciation and amortisation, News Corp said in a statement.

Analysts at Morgan Stanley said in a note Foxtel is one of News Corp's weaker assets and added that the higher-than-expected price it received is positive.

FAQs

Q1. What is Piers Morgan's YouTube channel?
A1. Piers Morgan's YouTube channel is "Piers Morgan Uncensored".

Q2. Where can we watch Piers Morgan's programme?
A2. Piers Morgan plans to focus on his YouTube Channel "Piers Morgan Uncensored".