Media mogul Rupert Murdoch warned that “technology will continue to destroy all of the old ways and old assumptions, especially in the media” during an April 2 speech on “Creative Destruction: News for the 21st Century,” sponsored by the McDonough School of Business.

James Murdoch, in his first interview since his appointment as the head of News Corp.'s European and Asian operations, says he is an "optimist" about the company's future in the media world. "My management skills are going to be put to the test -- but I am sure that I will manage somehow."

News Corp. chief Rupert Murdoch, in an interview on his Fox News Channel, says that the U.S. economy is "probably" in for a recession and predicts that the writers strike is "not going to last long." He adds that the Internet is unlikely to become the "holy grail" that union reps think it will be.

Rupert Murdoch's son, James, is credited with influencing his father's acceptance of the Internet. Also, rivals say they see a "ruthless streak" in the News Corp. heir. Plus: James via YouTube: "Change is accelerating. Staying behind, trying to erect barriers to entry can end in tears."