News Corporation (NWS) - NASDAQ
  • 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
  • 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
  • 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
  • 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
  • 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
Company Description
News Corp. is a media and information services company, which focuses on creating and distributing authoritative and engaging content to consumers and businesses. The company's media businesses include news and information services, digital real estate services, book publishing, digital... More
Sector: Services
Industry: Entertainment - Diversified
Country: United States