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News Corporation (NWS)

  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • Aug. 14, 2012, 5:11 PM
    More on Dan Loeb's Third Point: The fund opened up a 5M share stake in Chesapeake Energy (CHK) in Q2. Other companies in which new stakes were taken: AIG - 2.25M shares. LINTA - 3.25M. NWSA - 4M. Companies in which Loeb liquidated his positions include ANF, CSCO, GOOG, and MCK. (13-F)
    | Aug. 14, 2012, 5:11 PM | 1 Comment
  • Aug. 9, 2012, 10:07 AM
    Analyst reaction to News Corp's (NWS, NWS Q2 earnings report is resoundingly positive. Susquehanna and Barclays both raise their price targets, to $28 and $27 respectively, while Lazard Capital and Evercore defend their Buy/Overweight ratings. The common theme is that shareholder-friendly management and solid earnings growth bodes well for shares.
    | Aug. 9, 2012, 10:07 AM | 1 Comment
  • Aug. 8, 2012, 5:06 PM
    More on News Corp (NWSA): Q2 was mixed, coming in line on EPS estimates but missing on its top line. Total revenue declined Y/Y, hit by pre-tax impairment and restructuring charges primarily related to the company's publishing businesses, as well as $15M of other pre-tax losses. Shares -3.4% AH.
    | Aug. 8, 2012, 5:06 PM | 1 Comment
  • Aug. 8, 2012, 10:22 AM
    $1.24B for Dutch soccer? A deal between News Corp (NWS, NWSA) and Erdivisie Media & Marketing will give the media giant the right to broadcast games from the Dutch premier soccer league for a 12-year stretch. The company's international broadcasting division is likely to sell rights to the broadcasts, instead of holding them exclusively for itself.
    | Aug. 8, 2012, 10:22 AM | Comment!
  • Aug. 3, 2012, 8:09 AM
    Data from research firm NBG suggests that two weeks after the deadly theater shooting in Colorado, the tragedy continues to influence moviegoers plans to see movies and is holding down box office totals. Though analysts don't forecast a new long-term trend is in place, this weekend's debut of new movies Total Recall from Sony (SNE) and 20th Century Fox's (NWS) Diary of a Wimpy Kid: Dog Days could be impacted. Operators: CNK, RGC, CKEC.
    | Aug. 3, 2012, 8:09 AM | Comment!
  • Jul. 31, 2012, 5:52 PM
    The Daily, a News Corp. (NWS, NWSA) iPad paper launched to much fanfare last year, is laying off 50 employees, or 29% of its staff. The Daily was recently estimated to be losing $30M/year, and there have long been signs that subscriptions aren't meeting expectations.
    | Jul. 31, 2012, 5:52 PM | 1 Comment
  • Jul. 29, 2012, 4:37 AM
    FX Network President John Landgraf says the News Corp. (NWS) unit is highly likely to order an additional 90 episodes of "Anger Management," the new Charlie Sheen comedy produced by Lions Gate Entertainment (LGF). Such a large booking is unusual, as TV channels usually commit to just one season at a time, or up to 22 episodes.
    | Jul. 29, 2012, 4:37 AM | Comment!
  • Jul. 27, 2012, 3:53 PM
    CNN (TWX) chief Jim Walton has resigned after nearly a decade of running the once-dominant cable news network. In a memo to staff, Walton claims CNN needs "a new leader who brings a different perspective." CNN's ratings continue to free-fall: prime-time viewership has dropped 8% Y/Y thus far in 2012 (per Nielsen), and is now 1/3 that of Fox News (NWS, NWSA). Time Warner has been pressuring CNN execs to find corrective measures.
    | Jul. 27, 2012, 3:53 PM | 2 Comments
  • Jul. 24, 2012, 8:32 AM
    British prosecutors will charge seven former journalists at News Corp.'s (NWS, NWSA) News of the World tabloid, including Rebekah Brooks and Andy Coulson, and a private investigator with offenses relating to the phone hacking scandal. In total, the eight face 19 charges of conspiracy to intercept communications related to incidents during 2000-06.
    | Jul. 24, 2012, 8:32 AM | 1 Comment
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.