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News Corp., Regan Reach Settlement

Posted Jan 25, 08 4:07 PM CST in US,  Arts & Living,  Business 

(Newser) – Judith Regan's acrimonious $100-million wrongful-termination suit against News Corp. came to a close today, with the ex-publisher and media giant reaching an undisclosed settlement. If Gawker's estimates of $20 to $25 million are meaningful, Regan may indeed have outfoxed Fox, which initially offered her $6 million to go quietly. The company graciously rescinded its allegation that Regan made anti-Semitic comments and sang her praises effusively.

"After carefully considering the matter, we accept Ms. Regan's position that she did not say anything that was anti-Semitic in nature," News Corp's statement read. Regan was equally cordial toward her former foe, expressing her gratitude "for the opportunity to have worked with so many gifted people," adding that she is "looking forward to my next venture."
Sources:: Variety, Associated Press, Gawker

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Judith Regan is photographed in the studio of her "Judith Regan Show" on Sirius satellite radio in this 2006 file photo in New York. One-time book publishing powerhouse Judith Regan filed a $100 million...   (Associated Press)
News Corp. Chairman Rupert Murdoch smiles in San Francisco in this Oct. 17, 2007 file photo. (AP Photo/Tony Avelar, File)   (Associated Press)
Rupert Murdoch, Chairman and Chief Executive Officer News Corporation, USA, speaks during a panel session on the second day of the Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland,...   (Associated Press)
News Corp's headquarters is shown on July 31, 2007 in New York. News Corp., the global media company run by Rupert Murdoch, said Monday, Jan. 7, 2008, it bought a nearly 15-percent stake in Premiere AG,...   (Associated Press)
Judith Regan is photographed in the studio of her "Judith Regan Show" on Sirius satellite radio in this Nov. 16, 2006 file photo in New York. Regan, the publisher fired in the wake of her efforts to publish...   (Associated Press)
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