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News Corporation (NWS)

  • Jun. 11, 2013, 11:31 AM
    Shareholders at News Corp (NWS, NWSA) officially approve the planned split of the company into separate businesses at its annual meeting. Voting details aren't in, but Rupert Murdoch says the measure was approved by an "overwhelming majority" of proxy voters. With the Murdoch family controlling close to 40% of the votes, tallying up the results was only a formality.
    | Jun. 11, 2013, 11:31 AM | Comment!
  • Jun. 6, 2013, 1:32 PM
    Unanswered questions about the NFL's deal with Verizon: 1) Are CBS (CBS -0.9%) and Fox (NWS -0.8%) getting a free ride out of the arrangement between the NFL and Verizon which will see games steamed live on mobile phones or will it cut into the benefits of their own deal to stream games on devices other than TVs and smartphones? 2) If the deal allows games to be viewed on phones, but not tablets, where will the line be drawn as the two wireless products increasingly resemble each other? 3) Will Verizon (VZ +2.3%) recoup its investment over the long-term as new subscribers stay on board or will the fees subscribers pay for access to the NFL cover the cost? 4) Is DirecTV (DTV +0.2%) the odd man out as its NFL Sunday Ticket package begins to look outdated?
    | Jun. 6, 2013, 1:32 PM | 1 Comment
  • Jun. 6, 2013, 11:13 AM
    AT&T (T) has reportedly joined the ranks of companies weighing bids for Hulu (DIS, CMCSA, NWS): sources tell Kara Swisher Ma Bell is in talks with a company run by former News Corp. COO Peter Chermin to make a joint offer for the online video site. But before investors start mulling the potential U-verse and mobile implications, it should be noted Yahoo, DirecTV, Time Warner Cable, and Guggenheim Partners have also been named as interested parties in recent weeks. (previous)
    | Jun. 6, 2013, 11:13 AM | 1 Comment
  • Jun. 4, 2013, 6:38 AM
    Fox Broadcasting (NWS, NWSA) seeks to stop Dish Network's (DISH) AutoHop ad-skipping service by asking a federal judge to overturn a ruling from a district judge on the issue. In its filing, Fox contends that AutoHop is an "unprecedented threat" to the ad-supported TV model.
    | Jun. 4, 2013, 6:38 AM | 1 Comment
  • Jun. 2, 2013, 2:53 AM
    Satellite operator DirecTV (DTV) and two other unidentified suitors have reportedly bid over $1B each to acquire Hulu. The owners of the online video service, which are News Corp (NWS), Disney (DIS) and Comcast (CMCSA), have received seven offers for the company, and intend to cut the shortlist down over the next few weeks. Previous reports have said that other bidders include Yahoo (YHOO), KKR (KKR) and Time Warner Cable (TWC).
    | Jun. 2, 2013, 2:53 AM | 5 Comments
  • May 30, 2013, 10:00 AM
    Hulu (DIS, NWS, CMCSA) says its top global operations exec resigned earlier this month to continue a trend of management heading for the exits. What to watch: Amid the excitement over a number of big-name media and tech suitors entering the chase for Hulu is the reality that securing a final deal will be difficult. The streaming service relies on fresh content from NBC, ABC, and Fox - but will those deals be extended to a new owner?
    | May 30, 2013, 10:00 AM | 2 Comments
  • May 28, 2013, 3:48 PM
    What makes Hulu so valuable? Despite revenue streams that aren't fully realized yet, the Hulu (DIS, CMCSA, NWS) brand is already worth more than any of the networks, argues RBC Capital Market's David Bank. Though still only a minor player on the subscription side, the company sits in a dominant position to take advantage of the boom expected in online video advertising. Does the drop today in Netflix (NFLX -6.3%) have more to do with the threat of Hulu being owned by a bigger company than disappointing reviews for Arrested Development?
    | May 28, 2013, 3:48 PM | 9 Comments
  • May 24, 2013, 6:25 PM
    News Corp. (NWS, NWSA) expects to write down the value of its soon-to-be-independent publishing business by $1.2B-$1.4B this quarter, according to an SEC filing. The media company says "certain of its goodwill and intangible assets were potentially impaired” at the publishing business, which includes newspapers such as the NY Post and WSJ.
    | May 24, 2013, 6:25 PM | 1 Comment
  • May 24, 2013, 3:12 PM
    Yahoo (YHOO +1.7%) throws its name into the Hulu hat to join a number of P-E firms as well as DirecTV and Time Warner Cable in the hunt. Owners Disney (DIS +0.1%), Comcast (CMCSA +0.2%), and News Corp (NWS, NWSA) will weigh the best offer, but will also want to position themselves on the content side to be protected. (Previous on Hulu-mania)
    | May 24, 2013, 3:12 PM | 16 Comments
  • May 24, 2013, 1:40 PM
    Add KKR and Silver Lake Management to the list of bidders for Hulu (CMCSA, DIS, NWS), according to Bloomberg. Earlier reports indicated Time Warner Cable (TWC -0.8%), Guggenheim Digital, and DirecTV (DTV -0.6%) are in the hunt. What to watch: Some analysts think Hulu could evolve into a payment authentication system for the cable industry, while others bet that a single media/tech company will snap up the firm to create a unique position for itself in video - either as a premium streaming service or an ad-supported content monster. Either way Netflix (NFLX -0.5%) is watching.
    | May 24, 2013, 1:40 PM | 1 Comment
  • May 24, 2013, 10:18 AM
    A group of broadcasters including Fox (NWS), NBCU (CMCSA), ABC (DIS), and Telemundo filed a copyright infringement lawsuit in Washington DC against a similar outfit to Aereo that is also offering re-transmission services to consumers. The target, subtly called Aereokiller, appears to be an easier case for the broadcasting companies to win a decision over - right in the backyard of politicians.
    | May 24, 2013, 10:18 AM | Comment!
  • May 24, 2013, 8:58 AM
    News Corp. (NWS, NWSA) says its board of directors formally approved the split of the company into two entities to be called 21st Century Fox and the new News Corporation. After the separation, the new News Corp. will be have an authorization to buy back $500M in stock in its back pocket. A rights agreement was also adopted to protect shareholder interests. NWS +0.6% premarket. (PR)
    | May 24, 2013, 8:58 AM | Comment!
  • May 24, 2013, 6:52 AM
    Hulu (DIS, NWS, CMCSA) has received buyout offers from DirecTV and Time Warner Cable in the first round of bidding, according to the New York Post. Guggenheim Partners, which is helping the tech concern sell itself, isn't saying if P-E firms are joining the chase.
    | May 24, 2013, 6:52 AM | Comment!
  • May 21, 2013, 12:31 PM
    News Corp (NWS, NWSA) continues to be one of the most popular consumer service stock picks of hedge funds, according to Insider Monkey. The inside take is that despite a decent YTD 26% runup in share price, valuation is still reasonable with a pending split of the company looking promising. The latest hedgie to take a bite is Lone Pine Capital with an increased in its position to 22M shares. (13F)
    | May 21, 2013, 12:31 PM | Comment!
  • May 17, 2013, 4:11 PM
    DirecTV (DTV) has joined the ranks of companies weighing a bid for Hulu (DIS, NWS, CMCSA), with an eye towards expanding its arsenal of TV Everywhere content, the WSJ reports. The scoop shortly follows a report Time Warner Cable and other MSOs are talking about a possible bid.
    | May 17, 2013, 4:11 PM | Comment!
  • May 17, 2013, 9:44 AM
    Hulu (NWS, DIS, CMCSA) could be even more valuable than people think due its rich user experience and advanced advertising system, reasons BTIG's Rich Greenfield. The analyst isn't convinced a cable industry joint venture would work well, but says he could make the case why almost any large media/tech company (Google?) could use Hulu to position itself in the "rapidly fragmenting" video world.
    | May 17, 2013, 9:44 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.