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News Corporation (NWS)

  • Nov. 20, 2012, 6:13 PM
    News Corp. (NWS) is in preliminary talks with CBS about acquiring its Simon & Schuster book business, WSJ reports. News Corp. is in the process of splitting in two, with one company containing entertainment assets such as 20th Century Fox and Fox News, and the other - expected to have plenty of cash on its balance sheet - with publishing assets including WSJ and HarperCollins.
    | Nov. 20, 2012, 6:13 PM | 1 Comment
  • Nov. 20, 2012, 12:20 PM
    News Corp. (NWS +0.6%) confirms it will take a 49% equity stake in the YES Network in a deal expected to close before the end of the year pending approval from Major League Baseball. The YES Network includes coverage of the New York Yankees and Brooklyn Nets baseball to a wide East Coast footprint. Under the terms of the agreement, after three years New Corp. can increase its stake to as high as 80%.
    | Nov. 20, 2012, 12:20 PM | Comment!
  • Nov. 20, 2012, 7:44 AM
    BSkyB (BSYBY.PK) says it raised $800M in a bond offering for general corporate purchases and possible M&A activity. UBS analyst Polo Tang thinks an acquisition is likely with liquidity levels running high.
    | Nov. 20, 2012, 7:44 AM | Comment!
  • Nov. 19, 2012, 4:34 AM
    News Corp (NWS) will reportedly this week close a deal to acquire 49% in YES TV, the home TV channel of the New York Yankees, and will have an option to boost the stake to 80% within 3-5 years. YES would be valued at $3B under the initial transaction, more than the Yankees, whose holding company owns 34% in the cable channel. Goldman Sachs (GS) and Providence Equity own another 40%. (previous)
    | Nov. 19, 2012, 4:34 AM | Comment!
  • Nov. 15, 2012, 1:51 PM
    Broadcast news: Fresh data on the habits of TV viewers trashes the idea brought up by industry execs (conference calls: DIS, CBS, NWS) that the declining number of live viewers of TV shows is a result of digital video recorders after both mediums showed generally comparable falloffs in audiences over a month-long period. A more likely reason for the strengthening trend of sagging ratings is the lure of video on demand and Internet content options.
    | Nov. 15, 2012, 1:51 PM | 5 Comments
  • Nov. 15, 2012, 3:56 AM
    News Corp (NWS) is reportedly in advanced talks to buy a stake - possibly almost 40% - in YES, the cable channel that televises New York Yankees games. News Corp is likely to acquire most of the holding from Goldman Sachs (GS) and Providence Equity Partners. The potential deal is likely to value YES at $3B.
    | Nov. 15, 2012, 3:56 AM | Comment!
  • Nov. 13, 2012, 4:20 AM
    Average primetime ratings for live and same-day viewing among 18-49-year-olds have slumped by over 10% for ABC (DIS), CBS (CBS) and Fox (NWS) this season, UBS finds. However, Comcast's NBC is up 22%. TV execs attribute the fall to consumers watching shows at their own convenience, although Disney CEO Bob Iger admits that the absence of "new, big, real, buzz-worthy hits" might have something to do with it.
    | Nov. 13, 2012, 4:20 AM | Comment!
  • Nov. 8, 2012, 3:30 AM
    California Judge Dolly Gee yesterday rejected Fox's (NWS) request for a preliminary injunction against Dish's (DISH) ad-skipping AutoHop features on its Hopper DVRs. Fox is suing Dish over the technology, which it says breaches copyright, as are Comcast's (CMCSA) NBC Universal and CBS (CBS). (Dish PR)
    | Nov. 8, 2012, 3:30 AM | Comment!
  • Nov. 6, 2012, 10:50 AM
    The EU is set to accept an e-book settlement offer from Apple (AAPL) and four book publishers (including NWS' HarperCollins), Reuters reports. Much like a U.S. settlement that was recently cleared, the deal will allow Amazon (AMZN) and other e-book sellers to set their own prices - in Amazon's case, that often means selling e-books at a loss. Pearson (PSO), also part of the EU's investigation, isn't part of the settlement deal. Apple is still at odds with the DOJ.
    | Nov. 6, 2012, 10:50 AM | 6 Comments
  • Oct. 29, 2012, 8:43 AM
    The interest by News Corp. (NWS, NWSA) in Penguin's book division not only underscores the urgency of the industry to consolidate in order to ward off the threat of e-book sellers, but also the need for big players to shoulder in before it's too late. A spinoff by News Corp. of its book publishing properties into a separate company makes sense as it would clear a path for future acquisitions as the ongoing firesale in the industry continues.
    | Oct. 29, 2012, 8:43 AM | Comment!
  • Oct. 29, 2012, 4:47 AM
    Pearson (PSO -1.2% in London) agrees to merge its Penguin book-publishing unit with Bertelsmann’s Random House in a deal that brings together companies with a combined 2011 operating profit of £272M and revenues of £2.48B. The JV, to be called Penguin Random House, will be 53% owned by Bertelsmann and 47% owned by Pearson. Confirmation of the tie-up follows reports that News Corp (NWS) had expressed interest in acquiring Penguin. (PR)
    | Oct. 29, 2012, 4:47 AM | Comment!
  • Oct. 24, 2012, 3:21 PM
    Hulu should consider buying Netflix (NFLX -11.9%) in order to instantly add to its movie library and number of subscribers, argues Louis Bedigan. The key to the deal for owners NBC <, Fox (NWS +1.4%), and ABC (DIS -0.1%) would be the ability to lower content costs when contracts were up for negotiation. A beat-up Netflix is also starting to unfurl an entry point that might look enticing for the well-funded trio of owners.
    | Oct. 24, 2012, 3:21 PM | 2 Comments
  • Oct. 21, 2012, 3:53 AM
    News Corp (NWS) yesterday described as "wholly innacurate" a report in the LA Times that the media conglomerate is in early discussions to buy the newspaper and the Chicago Tribune from Tribune Co. The LA Times said News Corp is also talking with Tribune Co's debtholders, including Oaktree Capital, who will obtain control of the company after court supervision ends.
    | Oct. 21, 2012, 3:53 AM | Comment!
  • Oct. 16, 2012, 3:18 PM
    Same as it ever was: It's not a surprise, but shareholders at News Corp. (NWS, NWSA) rejected an investor proposal to split the duties of the CEO and Chairman. Also up in smoke is an effort to replace Rupert Murdoch's slate of directors. All in all a routine affair, except for a probing question from one shareholder on why the cost of the phone hacking scandal didn't factor directly into management's bonus calculations.
    | Oct. 16, 2012, 3:18 PM | 1 Comment
  • Oct. 16, 2012, 7:28 AM
    Restless shareholders attending News Corp's (NWS, NWSA) annual meeting will try to push a vote to split the chairman and CEO roles, currently both held by Rupert Murdoch, as the handling of affairs beyond just the newspaper hacking incident draws scrutiny. Similar proposals at the last two annual meetings failed to gain enough votes. (webcast)
    | Oct. 16, 2012, 7:28 AM | Comment!
  • Oct. 14, 2012, 7:17 AM
    Kindle (AMZN) owners could be in line for refunds of $0.30-$1.32 for each e-book they purchased between April 2010 and May 2012 if a court approves a legal settlement with publishers over alleged price fixing. The publishers, News Corp's (NWS) HarperCollins, CBS's (CBS) Simon & Schuster and Lagardere's Hachette, would pay for the refunds. A hearing is due in February.
    | Oct. 14, 2012, 7:17 AM | 6 Comments
Company Description
News Corp is a diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers and businesses.