Oppenheimer & Co.’s Jessica Reif lowered her rating on News Corp., parent of Fox Inc. and 20th Century Fox Studio, from a buy to “market performer.”She said it’s still a positive issue, based on News Corp.’s long-term outlook. The company’s stock closed off 5/8 to 41 1/8, near its 52-week high. Stanton R. Cook will retire Jan. 1 as chairman of Tribune Co.’s board of directors. Charles T. Brumback was elected to replace Cook and will continue as president/CEO. Cook will remain on board and continue as chair of Tribune’s Chicago Cubs baseball team. Tribune owns seven television stations and publishes seven daily newspapers, including the Chicago Tribune.
Want Entertainment News First? Sign up for Variety Alerts and Newsletters!