Seeking Alpha

News Corporation (NWS)

  • Jul. 23, 2012, 3:07 PM
    Fox Networks Group (NWS) has its new CEO and chairman: Peter Rice, who's served as the division's entertainment chief. David Hill (chairman and CEO of Fox Sports) is named senior executive vice president of News Corp.
    | Jul. 23, 2012, 3:07 PM | Comment!
  • Jul. 23, 2012, 11:19 AM
    News Corp. (NWS) names its 18 month old education unit Amplify, which will focus on kindergarten up through high school, and provide digital products and services. Amplify is joining up with AT&T (T), using its 4G mobile tablet technology to introduce new products through tests in schools during the next academic year.
    | Jul. 23, 2012, 11:19 AM | Comment!
  • Jul. 22, 2012, 1:29 AM
    Rupert Murdoch has resigned from the boards of a number of News Corp. (NWS) units, including News International, whose British newspapers have been embroiled in a long-running hacking scandal. The "corporate housecleaning exercise" comes ahead of the proposed split of News Corp. into two, and could reignite speculation that the company may sell the papers.
    | Jul. 22, 2012, 1:29 AM | 4 Comments
  • Jul. 17, 2012, 5:53 AM
    News Corp. (NWS) wins a tax dispute with the Australian government over more than A$2B ($2B) in forex losses that occurred as a consequence of a restructuring which began in 1989, with a Sydney judge saying that the losses are tax deductible.
    | Jul. 17, 2012, 5:53 AM | Comment!
  • Jul. 13, 2012, 1:16 PM
    The EU is expected to unconditionally approve Cisco's (CSCO) $5B acquisition of set-top box software firm NDS, Reuters reports. NDS, 49%-owned by News Corp. (NWS, NWSA), stands to improve the reach of company's set-top box/cable infrastructure business in emerging markets, and could also bolster Cisco's efforts to deliver cloud video solutions to pay-TV providers.
    | Jul. 13, 2012, 1:16 PM | 1 Comment
  • Jul. 13, 2012, 9:19 AM
    Apparently government officials in China don't understand (or care) about the strategic timing of movie launches after children-oriented films from Fox (NWS) and Comcast (CMCSA) are both scheduled to launch on the same date in the nation. 20th Century Fox's Ice Age: Continental Drift and The Lorax from Universal Pictures will both hit screens in China on July 27. In the U.S., the Lorax film has piled up $213.5M so far, while Ice Age debuts this weekend.
    | Jul. 13, 2012, 9:19 AM | 1 Comment
  • Jul. 13, 2012, 6:29 AM
    InterActiveCorp (IACI) backed Aereo TV intends to enter other major cities after a court this week blocked a preliminary injunction to shut down the service in New York. Aereo, which uses thousands of TV tuners to stream broadcast channels to mobile devices for $12 a month, is threatening to further disrupt the TV business models of the majors.
    | Jul. 13, 2012, 6:29 AM | 2 Comments
  • Jul. 12, 2012, 10:21 AM
    The common take on the upcoming split of New Corp. (NWS, NWS) that the so-called "Good News" company (entertainment) will fly as it's untethered and the "Bad News" firm (publishing) will struggle mightily under the weight of scandals and slumping newspaper revenue could be overstated, according to The Hollywood Reporter. After all, the same old-school versus new-school split of CBS and Viacom worked out the exact opposite of expectations and some of the same trumped up investor enthusiasm is in play.
    | Jul. 12, 2012, 10:21 AM | Comment!
  • Jul. 10, 2012, 7:16 AM
    Hulu will air its first original programming on TV when the series "Spoilers with Kevin Smith" launches on Canadian network Space. The move marks another step closer to Hulu bumping up competitively against co-owners Disney (DIS), Comcast (CMCSA), and News Corp. (NWS) after it launched as a direct rival to Netflix and Amazon.
    | Jul. 10, 2012, 7:16 AM | 2 Comments
  • Jul. 9, 2012, 7:37 AM
    The latest word on the phone hacking scandal that embroiled execs with News Corp. (NWS, NWSA) is that prosecutors in the U.K. will decide before the end of the month if ex-journalists with the News of the World will be charged criminally. After calming down a bit as of late, the scandal could heat up again with criminal trials.
    | Jul. 9, 2012, 7:37 AM | Comment!
  • Jul. 3, 2012, 9:10 AM
    Significant News Corp. (NWS, NWSA) shareholder Invesco would like to see Rupert Murdoch step out of the CEO role at the entertainment business to make room for current COO, Chase Carey. The firm holds a 1.64% stake in News Corp. and maintains that the issue is "important" to its ownership
    | Jul. 3, 2012, 9:10 AM | Comment!
  • Jun. 29, 2012, 4:34 PM
    Dice Holdings (DHX), owner of industry-specific jobs sites, has bought finance/tech jobs site from Dow Jones (NWS, NWSA). As part of the deal, Dice will handle the online career centers for fellow Dow Jones-owned and, and will migrate's job listings service to its eFinancialCareers site.
    | Jun. 29, 2012, 4:34 PM | Comment!
  • Jun. 29, 2012, 3:42 PM
    Controversy sells: Charlie Sheen's Anger Management on FX set a cable ratings record for a comedy broadcast with 5.47M viewers, including strong numbers in key demographics. Analysts say if the show sustains popularity it could propel ratings up and down the Fox Network (NWS).
    | Jun. 29, 2012, 3:42 PM | 1 Comment
  • Jun. 28, 2012, 2:04 PM
    A rather defiant Rupert Murdoch defends News Corp.'s (NWS, NWSA) decision to split by saying that the rationale for the move had nothing to do with the U.K. phone hacking scandal. He says the two companies will work together and calls Dow Jones a "very viable" entity that can stand on its own without entertainment revenue. Early analyst reaction is mixed, with worries over which side retains liability on ongoing scandals balancing out the merits of having two stand-alone firms that could be sold off more easily.
    | Jun. 28, 2012, 2:04 PM | Comment!
  • Jun. 28, 2012, 8:00 AM
    More on News Corp. (NWS) split: The Murdochs will retain control of the companies, with Rupert to be Chairman of both. Murdoch will also be CEO of the media & entertainment company and Chase Carey President. News Corp. didn't say who would be CEO of the publishing company. The split would take about a year to complete. Shares flat premarket. (PR)
    | Jun. 28, 2012, 8:00 AM | Comment!
  • Jun. 28, 2012, 7:44 AM
    News Corp. (NWS) confirms that "it intends to pursue the separation of its publishing and media and entertainment businesses into two distinct publicly traded companies." (PR)
    | Jun. 28, 2012, 7:44 AM | 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.