News Corporation

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  • Dec. 11, 2012, 1:06 PM

    Tribune Company looks for a banker to help it find a buyer for some of its newspaper properties, including Chicago Tribune and Los Angeles Times, after the company emerges from bankruptcy in a few weeks. Sources indicate News Corp (NWS, NWSA) has already expressed an interest. Another interesting Tribune asset to watch will be, a website which still ranks in the top 150 in the U.S. by traffic (Quantcast chart).

    | Dec. 11, 2012, 1:06 PM | 1 Comment
  • Dec. 10, 2012, 2:50 PM

    DirecTV (DTV -1.1%) plans to charge new customers in the L.A. $3 more per month for access to all four of the regional sports networks it offers. The bigger issue: The move is another warning shot in what looks to be a protracted war between cable and media companies over how sports coverage and fees will be sliced up with more regional sports networks popping up. With live coverage of major sporting events on the Internet still largely a non-factor, there should be enough carriage fees and advertising revenue to keep both sides plush. Sports coverage players: ESPN (DIS), NBC Sports (CMCSA), Madison Square Garden (MSG), Fox Sports (NWS), CBS Sports (CBS), Yes Network.

    | Dec. 10, 2012, 2:50 PM | 1 Comment
  • Dec. 4, 2012, 5:02 AM
    Having last month agreed to acquire a 49% stake in YES, the NY Yankees' home TV network, News Corp (NWS) is now reportedly attempting to buy the Cleveland Indians' SportsTime Ohio TV channel for around $230M. The deal would give News Corp's Fox Sports the rights to show the baseball team's games. Time Warner (TWX) has also bid for SportsTime Ohio.
    | Dec. 4, 2012, 5:02 AM
  • Dec. 3, 2012, 9:21 AM
    News Corp. (NWS) plans to shut down its iPad newspaper on December 15. The company concedes the digital newspaper business model wasn't sustainable in the long term.
    | Dec. 3, 2012, 9:21 AM
  • Dec. 3, 2012, 9:08 AM

    News Corp. (NWS) confirms the appointment of WSJ Editor-in-Chief Robert Thomson as the CEO of its publishing operations. Thomson will start the job on Jan. 1. The publishing company will retain the News Corp. name, while the media & entertainment business will be called Fox Group. News Corp. indicates that its breakup will still occur in June next year. That appears to be contrary to a report that the split will be concluded at the end of this month. (PR)

    | Dec. 3, 2012, 9:08 AM
  • Dec. 3, 2012, 2:42 AM
    News Corp. (NWS) has reportedly advanced its break-up into two companies to the end of this month in order to limit the damage from the U.K. phone-hacking scandal to the publishing arm of the firm. In June, Rupert Murdoch said the unit's split from the film and TV business would take 12 months. The speculation comes along with reports that WSJ managing editor Robert Thomson will become CEO of the publishing ops, while News International CEO Tom Mockridge is leaving.
    | Dec. 3, 2012, 2:42 AM
  • Dec. 2, 2012, 8:24 PM

    Rupert Murdoch loses another top executive as Tom Mockridge resigns as CEO of News Corp's (NWS) U.K. newspaper arm. A 22-year veteran of the company, Mockridge was brought on as chief of News International in July 2011. "His decision to step down is absolutely and entirely his own," says Murdoch. (PR)

    | Dec. 2, 2012, 8:24 PM
  • Dec. 1, 2012, 3:34 PM

    News Corp. (NWS) will tap Robert Thomson - now editor in chief of Dow Jones, and managing editor of The Wall Street Journal - as the CEO of its new publishing company, Reuters reports. News Corp. is in the process of splitting into an entertainment company and a publishing operation, and may delay announcing Thomson's role as it firms up other executive slots.

    | Dec. 1, 2012, 3:34 PM | 2 Comments
  • Nov. 26, 2012, 5:24 AM

    Sales of cinema tickets over the five-day Thanksgiving period starting on Wednesday hit a record $290M. Lions Gate's (LGF) "The Twilight Saga: Breaking Dawn, Part 2" led the way with $64M, bringing the film's total domestic revenue to $227M, while Sony's (SNE) "Skyfall," generated $51M, and Fox's (NWS) "Life of Pie" $30.2M.

    | Nov. 26, 2012, 5:24 AM | 1 Comment
  • 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
  • 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
  • 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
  • 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
  • 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
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.