News Corporation (NWS) - NASDAQ
  • 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
  • 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
  • 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
  • Oct. 14, 2012, 6:10 AM

    Providence Equity Partners has reportedly sold its 10% holding in Hulu back to the online video service for $200M in a transaction that values the company at $2B. Hulu is taking a loan to fund the acquisition, which leaves News Corp. (NWS), Comcast (CMCSA) and Disney (DIS) as the remaining owners. Separately, Hulu's CEO is poised to receive $40M.

    | Oct. 14, 2012, 6:10 AM
  • Oct. 11, 2012, 10:25 AM
    Barclays Capital analyst Anthony DiClemente cuts his estimate for U.S. advertising growth due to a "choppy" economy to 4% for 2012 and 1.9% for 2013 from 4.6% and 2.3%, respectively. TV advertising felt a negative effect from the Olympics, but is due for a bounce with political ads ramping up through the November elections. His big picture view of the media sector is still positive on decent growth expectations as he backs News Corp. (NWS, NWS) as his top pick.
    | Oct. 11, 2012, 10:25 AM
  • Oct. 10, 2012, 10:49 AM

    A new book from author David Denby makes the case that serious film dramas may be a thing of the past as studios increasingly stick to a formula of producing comic book and animated hits on top of the typical cycle of genre films. Younger audiences also have an outsized influence on what films are greenlighted with their stronger voice on social media channels. Profits over awards: TWX, DIS, NWS, LGF, DWA.

    | Oct. 10, 2012, 10:49 AM | 2 Comments
  • Oct. 3, 2012, 3:31 AM
    News Corp's (NWS) Fox and Time Warner's (TWX) Turner networks extend their contracts to televise Major League Baseball until 2021, with Bloomberg reporting that the broadcasters have agreed to pay a combined $6.8B. The contracts allow Fox and Turner to stream games live via the Internet to viewers who already subscribe to a pay TV service.
    | Oct. 3, 2012, 3:31 AM
  • Sep. 24, 2012, 9:11 AM

    Hulu (DIS, CMCSA, NWS) nabs content from World Wresting Entertainment in one of it largest streaming deals to date. Starting today, subscribers will have access to popular wrestling shows only a day after they air on cable networks. The pesky Hulu continues to make its presence felt with its original programming and new content plays, leading some analysts to scratch their heads over the ultimate goal that co-owners Disney, Comcast, and News Corp. have in mind for the upstart.

    | Sep. 24, 2012, 9:11 AM
  • Sep. 21, 2012, 5:24 AM
    News Corp. (NWS) is reportedly considering handing James Murdoch oversight of Fox Networks, which includes Fox broadcast network and cable networks, although not Fox News. The speculation comes after a U.K. regulator slammed Murdoch for his conduct in the phone-hacking scandal. "If his last name wasn't Murdoch he wouldn’t be considered for this position," says Needham analyst Laura Martin.
    | Sep. 21, 2012, 5:24 AM
  • Sep. 20, 2012, 4:56 AM

    Following an investigation in the wake of the phone-hacking scandal, British media regulator Ofcom finds that News Corp. (NWS) affiliate BSkyB is "fit and proper to hold its broadcast licenses." However, Ofcom slams former Sky Chairman James Murdoch, who's now deputy COO at News Corp, saying that his behavior was "difficult to comprehend and ill-judged" and that he "repeatedly fell short" of his duties. (PR)

    | Sep. 20, 2012, 4:56 AM
  • 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
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