News Corporation

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  • Nov. 23, 2009, 8:56 AM
    Sources say News Corp. (NWS) and Microsoft (MSFT) have discussed a tie-up which would see News Corp. getting paid to remove its news websites from Google's (GOOG) search engine. Microsoft, which relaunched its search engine as Bing this year, has reportedly talked with other online publishers about a similar move, as it looks for ways to grab market share from Google.
    | Nov. 23, 2009, 8:56 AM | 1 Comment
  • Nov. 20, 2009, 4:34 PM
    Bonds - $4B in bonds. Suitors including News Corp. (NWS), Time Warner (TWX), Sony (SNE) and Qualia Capital are beginning to circle around the MGM film studio - owner of the "James Bond 007" franchise as well as a 4,100-film library - which considers a sale among its options to get out from under $4B in debt.
    | Nov. 20, 2009, 4:34 PM | 1 Comment
  • Nov. 13, 2009, 2:46 PM

    "You're not going to see any midnight headlines coming from us," says News Corp. (NWS) President Chase Carey, shooting down notions that Rupert Murdoch would make a last-minute bid for NBC Universal (GE). Meanwhile, advocacy groups are trying to organize to block Comcast's (CMCSA) potential takeover of the network as anticompetitive.

    | Nov. 13, 2009, 2:46 PM
  • Nov. 13, 2009, 4:36 AM

    Liberty Global (LBTYA) agrees to acquire Germany's #2 cable operator, Unitymedia, from BC Partners and Apollo Management for a total of €3.5B including debt. Liberty said it's paying 7.4x 2010e Ebitda to acquire Unity, which "complements our existing European footprint and has significant untapped growth potential in one of the fastest-growing cable markets in Europe." Competitors include Deutsche Telekom (DT) and Sky Deutschland (NWS).

    | Nov. 13, 2009, 4:36 AM
  • Nov. 11, 2009, 1:45 PM

    Rupert Murdoch's (NWS) trash-talking of Google (GOOG) et al. and their stealing his content is just hot air, Slate's Jack Shafer says, citing as proof Murdoch's reluctance to actually file a fair-use suit, despite the threats. One possibility: Murdoch's lawyers realize a lawsuit could expand fair-use rights, rather than limiting them.

    | Nov. 11, 2009, 1:45 PM
  • Nov. 10, 2009, 4:24 PM

    Dow Jones (NWS) CEO Les Hinton has reportedly told Wall Street Journal employees that the paper is considering adding local coverage in Los Angeles and Chicago, as well as a New York edition. Last week it rolled out a weekly San Francisco Bay-area edition.

    | Nov. 10, 2009, 4:24 PM
  • Nov. 9, 2009, 9:38 AM

    U.K. Press Complaints Commission says it found no proof journalists at Rupert Murdoch's (NWS) The News of the World regularly hacked the phones of public figures to secure sensational stories. The probe was prompted after reports in The Guardian said the practice at the tabloid was widespread. In response, Guardian said the PCC did not have the "ability, the budget or the procedures to conduct its own investigations."

    | Nov. 9, 2009, 9:38 AM
  • Nov. 4, 2009, 5:49 PM
    Rupert Murdoch repeated some dissatisfaction with (AMZN) during News Corp.'s (NWS) earnings call, saying his firm sees just $6-$6.50 of each $15 WSJ subscription sold on the Kindle. "That is not a great deal. Amazon treats those people as their customers, not our customers." More e-readers are coming, he said, and he'd be open to deals.
    | Nov. 4, 2009, 5:49 PM | 2 Comments
  • Nov. 4, 2009, 4:09 PM
    News Corp. (NWS): FQ1 EPS of $0.22 beats by $0.04. Revenue of $7.2B (-4%) in-line. Shares +1.8% AH. (PR)
    | Nov. 4, 2009, 4:09 PM
  • Nov. 4, 2009, 12:10 AM

    Notable postmarket earnings: ALL, CSCO, CXW, DOX, EGLE, ESLR, GDP, GG, HCN, IO, MCHP, MUR, NWS, ONNN, PRU, QCOM, SHO, SVNT, THQI, WFMI

    | Nov. 4, 2009, 12:10 AM
  • Oct. 29, 2009, 1:15 PM
    The Wall Street Journal (NWS) closes its bureau in Boston and says it will shift mutual fund coverage to another team. "We remain in the midst of a profound downturn in advertising revenue and thus must think the unthinkable," wrote Managing Editor Robert Thomson in a memo. The paper will also stop selling its U.S. edition in London.
    | Oct. 29, 2009, 1:15 PM | 3 Comments
  • Oct. 28, 2009, 11:32 AM

    News Corp. (NWS) and Scripps Networks Interactive (SNI) are the lead bidders to acquire the Travel Channel from Cox Communications, with a likely price of about $800M.

    | Oct. 28, 2009, 11:32 AM
  • Oct. 26, 2009, 10:32 AM
    Wall Street Journal (NWS), now the nation's most-read newspaper, is also the only one of the top 25 U.S. dailys that gained market share in H1. (E&P)
    | Oct. 26, 2009, 10:32 AM | 1 Comment
  • Oct. 16, 2009, 2:42 PM
    At News Corp.'s (NWS -2.2%) annual meeting, chief Rupert Murdoch says a potential deal giving Comcast (CMCSA) control of NBC Universal (GE) won't hurt his company or its Fox broadcast network, and he's "not in any negotiations" related to it. Murdoch also reiterated plans to seek fees to rebroadcast Fox on cable and to charge for online news.
    | Oct. 16, 2009, 2:42 PM
  • Oct. 12, 2009, 5:21 PM
    CNBC's David Faber has more details on the rumored NBC Universal (GE) / Comcast (CMCSA) tie-up. GE would retain a 49% stake in NBCU at a valuation of $30B, with 'put' options allowing it to sell parts of its stake to Comcast after 3.5 and 7 years. Meanwhile, Liberty Media (LCAPA) and News Corp. (NWS) are also kicking NBCU's tires.
    | Oct. 12, 2009, 5:21 PM | 1 Comment
  • Sep. 17, 2009, 1:01 PM

    Just after Rupert Murdoch reiterated that BlackBerry (RIMM) and iPhone (AAPL) users would pay for full mobile access to The Wall Street Journal - $1/week for print subscribers, $2 otherwise - News Corp. (NWS) clarifies that print-and-online subscribers won't pay again.

    | Sep. 17, 2009, 1:01 PM
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.