Murdoch offers $44 million for Manhattan penthouse

MUMBAI: Media moghul and billionaire chairman of News Corp Rupert Murdoch has, according to agency reports, offered to buy a penthouse in New York's upscale Manhattan area for cool $44 million.

If the deal for the three-story penthouse, which belonged to the late Laurance S Rockefeller, goes through it would make it the highest price ever paid for a Manhattan apartment.

Murdoch and his family, however, must also be approved by the co-op board of the building, at 834 Fifth Avenue, The New York Times reported on Friday, citing an unnamed source informed of the negotiations. Howard Rubenstein, a spokesman for Murdoch, declined comment to the Times.

The offer was reportedly accepted on Monday by representatives of Rockefeller's estate, which is responsible for the sale.

The co-op's rules require a buyer to pay all cash for an apartment in the building, which is at 64th Street, across from the entrance to the Central Park Zoo.

The penthouse is apparently one of the city's most opulent apartments on one of the most elegant stretches of Fifth Avenue. The apartment spans across the 14th, 15th and 16th floors of the building which was designed by the architect Rosario Candela and completed in 1931. It has 20 rooms making up about 8,000 square feet and about 4,000 square feet of terraces spread over the three floors. The monthly maintenance is $21,469.07.

Murdoch last march was ranked No. 43 on Forbes magazine's list of the world's richest people, with an estimated net worth of $7.8 billion. His company News Corp owns Fox Broadcasting, The New York Post Twentieth Century Fox and Asia's Star Group, among other properties.

The current record for a Manhattan apartment stands at $42.25 million, paid last year for a pair of adjoining condominium units at the Time Warner Center on Columbus Circle.

Latest Reads
Disney announces successor of MD Siddharth Roy-Kapur

MUMBAI: Walt Disney International has announced the successor to its former managing director Siddharth Roy-Kapur. As a second stint with the organization, Mahesh Samat has made a comeback and will lead The Walt Disney Company India as the managing director. He will pursue his new responsibility...

Television TV Channels People
Life is more imaginative than fiction in a story like POW, says writer-director Gideon Raff

MUMBAI: Sometimes, coming back home after 17 years is not always a happy ending. "Prisoners of War" is the story of three Israeli soldiers, who were held captive for that many years following their kidnapping while on a secret mission with their unit.

Television TV Shows Thriller
IPL media rights bidding postponed sine die

MUMBAI: The BCCI has made it clear that the media rights auction cannot take place till the time it gets a concrete go-ahead and a formal approval from the Justice RM Lodha committee. Till the evening of 24 October (Monday), BCCI did not receive the okay from the committee which said, "it is in...

Television TV Channels Sports
Q3-16: DIRECTV mitigates AT&T U-Verse TV subscriber numbers fall

BENGALURU: AT&T acquired DIRECTV added 323,000 net subscribers and hence helped mitigate the company’s Entertainment and Internet Services Group (Entertainment) segment’s loss of 326,000 U-Verse subscribers for the quarter ended 30 September 2016 (Q3-16, current quarter). About 70 percent of...

Television TV Channels English Entertainment
"Let India open its market, we will open ours" - PEMRA chairman Absar Alam

Pakistan’s TV watchdog - the Pakistan Electronic Media Regulatory Authority (PEMRA) - charimanAbsarAlam was in the line of Pakistan’s Geo News anchor Shahzaib Khanzada’s fire last week. In his Monday to Thrusday current affairs talk show AajShahzaibKhanzada Kay Sath - the anchor grilled him time...

Television TV Channels GECs
BIG Magic acquires 'Boonie Bears' exclusive FTA rights

BIG Magic has acquired exclusive FTA rights of ‘Boonie Bears’, the No.1 and most popular animated series in China. BIG Magic has renamed it ‘Babloo Dabloo’ for the Hindi viewing audience. Babloo Dabloo airs every Monday – Sunday 10 am – 11 am & 5 pm – 6 pm only on BIG Magic

Television TV Channels GECs
PBL: Setting stage for next big thing on Indian sporting landscape

India has witnessed the emergence of a multi-sports culture over the past few years. This significant development has come on the back of a promising display by Indian sportspersons across various disciplines, the meteoric rise of home grown leagues and the consequent widening of the fan base of...

Television TV Channels Sports
CNNMoney new section will be about the fastest growing economy; MoneyStream app launched

MUMBAI: Attracting 1.8 million average monthly page views, witnessing a 37 per cent growth in video consumption and 16 per cent in unique browsers month-on-month from India in less than a year’s time is not smooth. In its ambitious plan of global expansion, CNN Digital is leaving no stone unturned...

Television TV Channels News Broadcasting
Content a 'Game of Thrones'; AT&T's control over HBO, Cartoon Network, Warner Bros faces regulatory lens

The global media landscape is resulting in a new juggernaut as an internet and cable behemoth yesterday purchased an entertainment conglomerate making the former unmatched in its size and reach to consumers through home broadband, smartphones, satellite television and a battery of movies and cable...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories