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Mar. 20, 2015, 7:51 AM
- Reuters (NYSE:TRI) news service is now unavailable in China to join a growing list of websites which are apparently being blocked by the government's Internet regulator.
- News websites for Bloomberg News, the New York Times (NYSE:NYT), and the Wall Street Journal (NASDAQ:NWS) have been inaccessible due to what media watchers think is intervention from Beijing.
Mar. 19, 2015, 6:40 AM
Mar. 13, 2015, 6:16 PM
- Dutch startup Blendle has reached micropayment agreements with the New York Times Co. (NYSE:NYT), The Wall Street Journal (NASDAQ:NWSA) and the Washington Post that will permit readers to buy articles one at a time with a single click, most likely for $0.20/piece.
- NYT is already an investor in Blendle, which would get a 30% cut with the rest going to publishers -- an Apple-app-like deal.
- The arrangement is yet another customer alternative to the papers' metered strategy of allowing some free articles before readers run into a subscription paywall.
- The service is only available in the Netherlands for now -- the company has more than 220,000 users -- but should come to the U.S. later this year as Blendle adds more publishers.
Mar. 2, 2015, 4:46 AM
- Nearly four years after Rebekah Brooks left News Corporation (NASDAQ:NWS) amid the phone-hacking scandal at the now-defunct U.K. tabloid the News of the World, the former executive is close to finalizing a deal to return to the company.
- The details of her exact role are still being discussed, but Brooks could end up in an executive position overseeing digital initiatives, WSJ reports.
- Brooks was acquitted last year on four charges related to illegal activity, including conspiracy to intercept voicemails and illegal payments to a public official.
Feb. 23, 2015, 12:33 PM
- Discovery Communications (NASDAQ:DISCA) gives back much of its morning surge (shares were up 9%; now back to +5%) as the company joins FOX in denying a story (Fox says "categorically untrue") that the two companies talked merger.
- Maybe the rumor comes from a misunderstanding about a joint bid Discovery has put in with Foxtel (NASDAQ:NWSA) for Australia's Ten Network?
- Sanford's Todd Juenger says if the companies are telling the truth and they're not talking, then maybe they should be: "We believe a merger between Fox and Discovery would make strategic sense on a number of levels ... We still love the idea of Discovery as Fox’s next best alternative" to its failed tie-up with Time Warner.
Feb. 20, 2015, 9:37 PM
- Graham Holdings (NYSE:GHC) -- the former Washington Post Company -- was up 3.7% at the open and easily crested the $1,000/share mark again, following its Q4 earnings, before giving back all of the day's gains by midday.
- Education revenues from Kaplan operations ($551.4M, nearly flat) still made up the bulk of its $925.3M in revenues, but particularly strong were revenues in TV broadcasting, up 20% to $102.4M (aided by political ads in a midterm election year). Operating income in broadcast was up 24% to $54.4M.
- Revenue from "other businesses" (which includes digital-heavy publishing operations like Slate, Foreign Policy, The Root) more than doubled to $73.8M, from $30.7M.
- Seems like unloading The Washington Post to Jeff Bezos made the rest of the business great, Benjamin Freed says. He notes that now-GHC shares opened at $560.14 that summer 2013 day, headed to $584.97 that week and it's been a "robust trajectory" ever since. From the time of the sale, shares are up 83% vs. the S&P's +22%.
- Other companies are doing the same, he notes: See News Corp. (NASDAQ:NWSA) splitting off Twenty-First Century Fox (FOX, FOXA); Tribune Media (NYSE:TRCO) dropping publications into Tribune Publishing and thriving as a broadcast/real estate company; and Gannett (NYSE:GCI), which plans to spin off USA Today and its dailies.
Feb. 4, 2015, 3:51 PM
- Kingdom Holding Co. -- the publicly listed investment vehicle of Saudi Arabia's Prince Al-Waleed bin Talal -- is selling most of its 6.6% stake in B shares of News Corp. ((NWS -0.3%), (NWSA -0.4%)), leaving it with 1%, and generating about $188M.
- The company, however, is maintaining its 6.6% share of Twenty-First Century Fox ((FOX +0.2%), (FOXA)). It says the sale was part of a general portfolio review.
- Al-Waleed publicly supported Rupert Murdoch through the phone-hacking scandal and investigations and took pains to do so again: "We remain firm believers in NewsCorp’s competent management, led by CEO Robert Thomson, and are fully supportive of Rupert Murdoch and his family."
- The Murdoch companies report earnings over the next 24 hours.
Feb. 4, 2015, 5:35 AM
- Saudi Arabia's Kingdom Holding, owned by Saudi billionaire Prince Alwaleed Bin Talal, has cut its stake in Rupert Murdoch’s News Corp. (NASDAQ:NWS), reducing its shareholding in Class B shares to 1% from 6.6%.
- The bourse statement announcing the news stated that the sale generated "705M riyals ($187.9M)", which will be used for other investments.
Feb. 2, 2015, 7:22 PM
- The Justice Dept. wraps a lengthy probe of News Corp. (NWS, NWSA) and Twenty-First Century Fox (FOX, FOXA) by deciding not to prosecute the companies in relation to the U.K. phone hacking/bribery scandals of 2011.
- The companies still face a number of probes as well as litigation in Great Britain.
- The U.S. case included looking into possible violations of the Foreign Corrupt Practices Act.
Dec. 19, 2014, 4:55 PM
- News Corp. (NASDAQ:NWS) has bought BigDecisions.com, a site that "aims to help Indian consumers make smarter financial decisions through interactive, decision-making tools powered by sophisticated algorithms and data." Terms are undisclosed.
- With News Corp. stating BigDecisions.com has "helped some 40,000 users," the site appears to have a fairly small base as of now. Last month, News Corp. spent $30M to take a 25% stake in Indian real estate site PropTiger.com.
Dec. 15, 2014, 9:42 AM
Nov. 24, 2014, 6:55 PM
- News Corp. (NASDAQ:NWS) is spending $30M to buy a 25% stake in PropTiger.com, a leading Indian real estate site.
- The investment comes on the heels of News Corp.'s $950M purchase of Realtor.com owner Move. The company also had a 61.6% stake in REA Group, which owns leading Australian real estate site realestate.com.au.
Nov. 23, 2014, 4:40 PM
- Discovery (NASDAQ:DISCA) and Foxtel (NASDAQ:NWS) are reportedly preparing to offer shareholders in Ten Network Holdings a potential interest in any turnaround in its financial performance in to an effort win the takeover auction for the troubled company.
- Time Warner (NYSE:TWX) is reportedly out of the running.
- Ten's tentative deadline for indicative offers is Dec. 2.
- Source: AFR
- Previously: Race for Ten Network Holdings to heat up this week (Nov. 10)
Nov. 14, 2014, 8:40 AM
Nov. 10, 2014, 7:54 AM
- Potential suitors for Ten Network Holdings are expected to attend presentations by management in Australia this week as the sale process speeds up.
- Time Warner (NYSE:TWX) has already thrown out a $588M offer price for Ten Network, while a joint Discovery Communications (NASDAQ:DISCA)-Foxtel (NASDAQ:NWS) bid is also anticipated.
Nov. 5, 2014, 6:21 PM
- News (NASDAQ:NWS): FQ1 EPS of $0.09
- Revenue of $2.15B (+3.9% Y/Y).
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