News Corporation

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  • Sep. 19, 2012, 5:31 AM

    Amazon (AMZN) is set for another win in the e-book wars after Apple (AAPL) and four major publishers offer to allow retailers to sell the books at discounts for two years in order to end an EU antitrust probe. The publishers include CBS's (CBS) Simon & Schuster and News Corp's (NWS) HarperCollins. The offer follows a similar deal in the U.S. with publishers, although not with Apple.

    | Sep. 19, 2012, 5:31 AM | 5 Comments
  • Sep. 19, 2012, 3:42 AM

    Anschutz says it intends to sell its AEG sports-and-entertainment unit in a deal that could reportedly be worth several billion dollars. AEG's assets include a 30% stake in the LA Lakers, sports teams, stadiums and music festivals, as well as the world's second-largest concert promoter. Potential buyers could include News Corp. (NWS) and Liberty Media (LMCA), which owns 21% of AEG ticket rival Live Nation (LYV).

    | Sep. 19, 2012, 3:42 AM
  • Sep. 17, 2012, 10:53 AM

    News Corp. (NWSA +1%) says its chairman and chief executive of Fox Filmed Entertainment, Tom Rothman, is going to step down at year-end. Jim Gianopulos, Chairman and CEO of Twentieth Century Fox Film, will takeover the duties as head of the film unit.

    | Sep. 17, 2012, 10:53 AM
  • Sep. 13, 2012, 1:30 PM
    News Corp. (NWS, NWSA) saw a flurry of hedge fund buying in Q2 with at least six different firms adding multi-million share positions. The leader of the pack, Highfields Capital, bought 37.365M shares. News Corp. trades 36% higher YTD as the company's growth potential has easily overshadowed its headline-grabbing scandals.
    | Sep. 13, 2012, 1:30 PM
  • Sep. 11, 2012, 4:30 AM

    Amazon (AMZN) cuts prices on "a broad assortment" of HarperCollins e-books following a judge last week approving an antitrust settlement in which the News Corp. (NWS) unit and other major publishers agreed to end alleged price-fixing deals with Apple (AAPL). HarperCollins also reaches agreements with other e-retailers to lower prices.

    | Sep. 11, 2012, 4:30 AM
  • Sep. 10, 2012, 6:48 AM
    Twentieth Century Fox (NWSA, NWS) says it plans to distribute twelve CG animated films from DreamWorks (DWA) over the next four years. The pace of CG films from DreamWorks marks the fastest in the industry.
    | Sep. 10, 2012, 6:48 AM
  • Sep. 7, 2012, 12:03 PM

    20th Century Fox (NWS, NWSA) plans to offer HD versions of its movies closer to their theater release date and in advance of availability through video-on-demand services or physical purchase. With the flurry of new ways to download movies, the strategy is viewed as well-timed to help Fox drive up digital sales. Prometheus, which has churned up $351M so far, will be the guinea pig for the new plan with a Sept. 18 digital release well in front of its Oct 11 release on DVD, Blu-ray, and VOD.

    | Sep. 7, 2012, 12:03 PM
  • Sep. 7, 2012, 4:34 AM

    District Judge Denise Cote yesterday approved an antitrust settlement in which major publishers - Lagardere's Hachette, CBS's (CBS) Simon & Schuster and News Corp.'s (NWS) HarperCollins - agreed to end alleged price-fixing e-book deals with Apple (AAPL). It's a major win for Amazon (AMZN), while Pearson's (PSO) Penguin, Macmillan and Apple are going to take their chances in a trial.

    | Sep. 7, 2012, 4:34 AM | 5 Comments
  • Sep. 7, 2012, 3:27 AM

    News Corp. (NWS) looks to strengthen its Australian pay TV holdings after agreeing to acquire Consolidated Media for A$1.94B ($2B). However, the deal is far from a shoo-in, as Kerry Stokes' Seven Group, which is considering a counter offer, owns a 25.3% stake in Consolidated. News Corp. needs 75% approval at a meeting next month to win through.

    | Sep. 7, 2012, 3:27 AM
  • Sep. 4, 2012, 6:05 PM

    News Corp. (NWSA) nominates former U.S. Secretary of Labor Elaine Chao and former Colombia President Alvaro Uribe to its Board of Directors. Ms. Chao and Mr. Uribe will both stand for election at the company's annual shareholders meeting October 16 in Los Angeles.

    | Sep. 4, 2012, 6:05 PM
  • Sep. 4, 2012, 8:11 AM
    Barclays Capital's Anthony DiClemente takes his rating on News Corp. (NWS, NWSA) up to Overweight, contending that the company's entertainment business alone is worth more than its market cap. After crunching the numbers, the analyst valuates the entertainment business at $24-$25 a share and the publishing business at around $4 a share, potentially giving investors a nice discount in front of a planned split of the company.
    | Sep. 4, 2012, 8:11 AM
  • Aug. 31, 2012, 4:02 PM

    Apple (AAPL) roundup: 1) A French blog delivers pictures of an assembled next-gen iPhone. 2) Apple and publishers Simon & Schuster (CBS), HarperCollins (NWS), and Macmillan have reportedly offered to allow Amazon (AMZN) and others to set their own e-book prices for two years, in an attempt to end an EU investigation. 3) iOS 6's App Store provides an improved search algorithm and a new interface meant to show more info. It's the product of Apple's purchase of app discovery service Chomp.

    | Aug. 31, 2012, 4:02 PM
  • Aug. 27, 2012, 6:47 AM

    Fox Broadcasting (NWS, NWSA) files a motion in federal court seeking a ban on Dish Network's (DISH) ad-skipping feature. The network says it would lose significant revenue if Dish and competitors are allowed to provide the service to their customers.

    | Aug. 27, 2012, 6:47 AM | 1 Comment
  • Aug. 27, 2012, 4:49 AM

    Fox Sports (NWS) has been in informal talks since May with the LA Dodgers over a new TV deal, Reuters reports. Any agreement would probably surpass a 20-year $3B contract that the sides signed last year, only for it to be voided by MLB. A deal would replace Fox's and the Dodgers' existing agreement, which expires in 2013.

    | Aug. 27, 2012, 4:49 AM | 1 Comment
  • Aug. 24, 2012, 12:32 PM
    Tear down this wall: The Wall Street Journal (NWS, NWSA) plans to offer free wi-fi service in parts of New York City and San Francisco as part of an initiative to bring in more customers and harness marketing data. Despite the free angle of the initiative, a paywall to the venerable newspaper's website will still stay in place for surfers looking to read WSJ stories online.
    | Aug. 24, 2012, 12:32 PM | 1 Comment
  • Aug. 23, 2012, 3:54 PM

    The digital chief for News Corp. (NWS, NWSA) will leave the company shortly to take on a more informal role as an adviser to CEO Rupert Murdoch. The departure of Jon Miller isn't a total shock with a dramatic re-organization taking place at the company, but the move could also signal that the old media facade at the News Corp. is still tough to crack.

    | Aug. 23, 2012, 3:54 PM
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.