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News Corporation (NWS)

  • Jun. 26, 2012, 8:01 AM
    Shares of News Corp. (NWS) move up 2.8% in premarket trading off of reports tipping off that the company may be split in two. Liberum Capital's Ian Whittaker speculates Rupert Murdoch's motivation behind a potential spinoff of the company's publishing division is that it would enable a freed-up News Corp. to make another run at British Sky Broadcasting (BSYBY.PK).
    | Jun. 26, 2012, 8:01 AM | Comment!
  • Jun. 26, 2012, 7:14 AM
    Rupert Murdoch seriously mulls over splitting up News Corp. (NWSA) into two separate companies after the highly-publicized phone hacking scandal wrecked his plans to take full control of British Sky Broadcasting, according to Ad Age. Plans have been drawn up and talks are now at a late stage.
    | Jun. 26, 2012, 7:14 AM | Comment!
  • Jun. 26, 2012, 2:40 AM
    Rupert Murdoch may split News Corp. (NWS) into two companies, one focused on publishing and the other on entertainment, sources say. Internal discussions are said to be in an advanced stage. Shareholders have been pushing to separate the larger film and TV operation from publishing, which has been hit by scandal and an industry slowdown.
    | Jun. 26, 2012, 2:40 AM | Comment!
  • Jun. 22, 2012, 6:08 AM
    It looks like a nice little bidding war could play out Down Under between Rupert Murdoch and fellow tycoon Kerry Stokes for TV holding company CMH, with Stokes' Seven Group indicating it may make a proposal for the 76% it doesn't own. News Corp. (NWS) has already offered $2B for CMH.
    | Jun. 22, 2012, 6:08 AM | Comment!
  • Jun. 20, 2012, 12:33 PM
    News Corp. (NSWA +0.7%) won't have to dig too hard to find the cash to buy Disney's ESPN Star Sports and make sizable buybacks as part of an expanded share repurchase plan with over $10B sitting around in cash. The company grew its stockpile in anticipation that it would need it to gain full control of British Sky Broadcasting - a plan that went awry after the phone hacking scandal broke.
    | Jun. 20, 2012, 12:33 PM | Comment!
  • Jun. 19, 2012, 8:51 PM
    News Corp. (NWS) has offered $2B to acquire Consolidated Media Holdings, the Australian holding company invested in subscription TV, the WSJ reports. Details: News Ltd. - an Australian News Corp. unit that owns about 146 newspapers - has made a $3.50/share bid that CMH 50%-shareholder James Packer says is "fair."
    | Jun. 19, 2012, 8:51 PM | Comment!
  • Jun. 19, 2012, 9:43 AM
    Dow Jones President Todd Larsen resigns having been in the job for two years. Larsen's departure from the News Corp. (NWS) unit comes just four months after Les Fenwick was appointed CEO.
    | Jun. 19, 2012, 9:43 AM | Comment!
  • Jun. 18, 2012, 8:46 AM
    Summer of discontent? European box office totals for major movie studios are getting smacked around by the mind-blowing TV ratings of the European soccer championships. In Germany, the nation's last group stage game drew a stellar 74.2% share that left movie theaters all but empty as the leading movie of the pack - Men in Black 3 - only earned a paltry €1.3M ($1.6M) for the weekend. The soccer games run for another two weeks and later this summer the Olympics take center stage.
    | Jun. 18, 2012, 8:46 AM | 12 Comments
  • Jun. 15, 2012, 1:10 PM
    This summer will see a crowded slate of animated movies with DreamWorks (DWA +0.8%) Madagascar 3: Europe's Most Wanted, Pixar's (DIS -0.1%) Brave, and Fox's (NWSA +0.9%) Ice Age: Continental Drift all debuting within five weeks of each other. Each film boasts strategic box office advantages, but analysts find it unlikely that all three will be smash hits as they can't help but cut into each other's target demographic.
    | Jun. 15, 2012, 1:10 PM | 1 Comment
  • Jun. 13, 2012, 2:52 PM
    BSkyB (BSYBY.PK) and BT Group (BT -3.1%) win the rights to air English Premier League games domestically with a combined bid of £3B ($4.6B) - marking a 70% increase over the price on the current contract set to expire at the end of 2012. International rights will be awarded later this year, with both Disney's (DIS +0.2%) ESPN and News Corp's (NWS -0.5%) Fox in the mix.
    | Jun. 13, 2012, 2:52 PM | 1 Comment
  • Jun. 13, 2012, 5:54 AM
    CBS (CBS) has reportedly attracted around $2.7B in upfront ad sales for the TV season that starts in September, similar to last year. The network leader enjoyed an ad rate increase of 8%-10% but sold less inventory. All the major networks are now believed to have mostly completed their upfront dealings, gaining CPM increases of 5.5%-9%.
    | Jun. 13, 2012, 5:54 AM | Comment!
  • May 31, 2012, 2:07 PM
    Ridley Scott - who knows a thing a two about alien movies - may be about to deliver the summer box office sleeper for News Corp's (NWS +0.1%) 20th Century Fox with Prometheus after the movie opened surprisingly strong in Europe. Box office estimates for the moderate-budget movie now top $200M - powered by a strong undercurrent of publicity from bloggers and fanboys, along with a trailer (video) that resonates with the sci-fi crowd. Also in line to rake it in: IMAX
    | May 31, 2012, 2:07 PM | Comment!
  • May 31, 2012, 10:30 AM
    News Corp (NWS -0.7%) confirms that it will transform one its cable channels to national sports programming in a direct challenge to Disney's (DIS +0.1%) ESPN. COO David Haslingden says the underutilized Speed channel could see the transformation.
    | May 31, 2012, 10:30 AM | 1 Comment
  • May 31, 2012, 6:45 AM
    Broadcasting companies including News Corp (NWSA,NWS), Disney (DIS), CBS, and Comcast (CMCSA) go to court to stop an Internet TV startup from launching. In a copyright infringement lawsuit, the group alleges mobile TV provider Aereo of copying and retransmitting their programming over the Internet unlawfully.
    | May 31, 2012, 6:45 AM | Comment!
  • May 24, 2012, 11:40 PM
    In the next step after Dish Network's (DISH) pre-emptive legal strike, Fox (NWS), NBC (CMCSA) and CBS have now all sued the satellite provider over its commercial-skipping "AutoHop" technology, claiming copyright and licensing violations. Subtle questions over who controls the skipping could dictate whether Dish faces the fate of ReplayTV: being sued out of existence.
    | May 24, 2012, 11:40 PM | 5 Comments
  • May 22, 2012, 12:05 PM
    InterActiveCorp-backed (IACI +1.1%) Aereo succeeds in getting an unfair competition claim that was part of a lawsuit attempting to shut down its $12/month local TV streaming service dismissed. A ruling is still pending on a copyright infringement claim. Broadcasters such as CBS, ABC, NBC, and Fox accuse Aereo of depriving them of retransmission fees from pay-TV providers (ed: the pay-TV providers aren't thrilled about paying for content that's aired for free).
    | May 22, 2012, 12:05 PM | 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.