News Corporation
 (NWS)

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  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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 | 3 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
  • 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
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.