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News Corporation (NWS)

  • 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. 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 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 7, 2013, 9:19 PM
    Marissa Mayer (YHOO) held a preliminary talk with Hulu (DIS, CMCSA, NWS) execs about a bid for the video site, "numerous sources" tell Kara Swisher. Amazon (AMZN), Guggenheim Partners, and ex-News Corp. COO Peter Chermin (previous) are also said to be weighing bids. Yahoo was one of the companies offering to buy Hulu back in 2011, and with the French government having thwarted its Dailymotion bid, Hulu and its 4M+ premium subs might not be a bad backup plan. But much likely depends on the content rights Hulu's risk-averse old media owners are willing to give.
    | May 7, 2013, 9:19 PM | 1 Comment
  • Apr. 15, 2013, 6:15 AM
    The EU has approved Liberty Global's (LBTYA) $15.8B acquisition of Virgin Media (VMED), saying it doesn't have any competition concerns as the companies operate pay-TV networks in different European countries. The deal will pit Liberty against News Corp (NWS) satellite-TV affiliate BSkyB (BSYBY.PK), or John Malone against Rupert Murdoch. (PR)
    | Apr. 15, 2013, 6:15 AM | Comment!
  • Apr. 12, 2013, 7:53 AM
    News Corp. (NWS, NWSA) is in talks to buy Big Talk Productions in the U.K. through its Shine Group unit. The acquisition would be Shine's first major move in the region since News Corp. purchased it over two years ago.
    | Apr. 12, 2013, 7:53 AM | Comment!
  • Feb. 24, 2013, 3:44 AM
    The New York Times (NYT) reportedly received a bid last month of over $100M for the Boston Globe from Rick Daniels, a former president at the newspaper, and P-E firm Boston Post Partners. The sides have been in talks for a year, but the NYT has opened up the process in order to avoid investor lawsuits. The hope is to attract a bid from News Corp (NWS).
    | Feb. 24, 2013, 3:44 AM | 6 Comments
  • Feb. 4, 2013, 3:19 AM
    KKR (KKR) and Permira Advisers are reportedly considering their options for their 53% stake in ProSiebenSat.1 Media - which has a market cap of €5.43B - including selling their shares to another firm or on the market. Although the German broadcaster is having to cope with falling ad revenues, potential suitors could include Time Warner (TWX), Comcast (CMCSA) and News Corp (NWS).
    | Feb. 4, 2013, 3:19 AM | 1 Comment
  • Feb. 1, 2013, 7:22 PM
    News Corp. (NWS, NWSA) is reportedly close to selling its IGN online media unit to J2 Global's (JCOM) Ziff-Davis publishing arm. In addition to popular gaming site, the unit owns and The sale price is said to be "considerably lower" than the $650M News Corp. paid for IGN in '05. IGN's gaming sites complement Ziff-Davis' arsenal of tech news sites. J2 bought Ziff-Davis for $167M in November.
    | Feb. 1, 2013, 7:22 PM | Comment!
  • Dec. 28, 2012, 11:56 AM
    News Corp (NWSA -0.2%) acquires SportsTime Ohio, a regional sports network based in Cleveland. Terms of the deal have not been disclosed, but the price tag is estimated to be about $230M. The deal is part of an effort by the company to ramp up efforts to control the rights to key sports teams in response to Time Warner Cable's $3B deal in 2011 to carry the Los Angeles Lakers basketball games on its SportsNet Channel.
    | Dec. 28, 2012, 11:56 AM | Comment!
  • Dec. 4, 2012, 5:02 AM
    Having last month agreed to acquire a 49% stake in YES, the NY Yankees' home TV network, News Corp (NWS) is now reportedly attempting to buy the Cleveland Indians' SportsTime Ohio TV channel for around $230M. The deal would give News Corp's Fox Sports the rights to show the baseball team's games. Time Warner (TWX) has also bid for SportsTime Ohio.
    | Dec. 4, 2012, 5:02 AM | Comment!
  • Nov. 20, 2012, 6:13 PM
    News Corp. (NWS) is in preliminary talks with CBS about acquiring its Simon & Schuster book business, WSJ reports. News Corp. is in the process of splitting in two, with one company containing entertainment assets such as 20th Century Fox and Fox News, and the other - expected to have plenty of cash on its balance sheet - with publishing assets including WSJ and HarperCollins.
    | Nov. 20, 2012, 6:13 PM | 1 Comment
  • Nov. 20, 2012, 12:20 PM
    News Corp. (NWS +0.6%) confirms it will take a 49% equity stake in the YES Network in a deal expected to close before the end of the year pending approval from Major League Baseball. The YES Network includes coverage of the New York Yankees and Brooklyn Nets baseball to a wide East Coast footprint. Under the terms of the agreement, after three years New Corp. can increase its stake to as high as 80%.
    | Nov. 20, 2012, 12:20 PM | Comment!
  • Nov. 19, 2012, 4:34 AM
    News Corp (NWS) will reportedly this week close a deal to acquire 49% in YES TV, the home TV channel of the New York Yankees, and will have an option to boost the stake to 80% within 3-5 years. YES would be valued at $3B under the initial transaction, more than the Yankees, whose holding company owns 34% in the cable channel. Goldman Sachs (GS) and Providence Equity own another 40%. (previous)
    | Nov. 19, 2012, 4:34 AM | Comment!
  • Nov. 15, 2012, 3:56 AM
    News Corp (NWS) is reportedly in advanced talks to buy a stake - possibly almost 40% - in YES, the cable channel that televises New York Yankees games. News Corp is likely to acquire most of the holding from Goldman Sachs (GS) and Providence Equity Partners. The potential deal is likely to value YES at $3B.
    | Nov. 15, 2012, 3:56 AM | Comment!
  • Oct. 29, 2012, 4:47 AM
    Pearson (PSO -1.2% in London) agrees to merge its Penguin book-publishing unit with Bertelsmann’s Random House in a deal that brings together companies with a combined 2011 operating profit of £272M and revenues of £2.48B. The JV, to be called Penguin Random House, will be 53% owned by Bertelsmann and 47% owned by Pearson. Confirmation of the tie-up follows reports that News Corp (NWS) had expressed interest in acquiring Penguin. (PR)
    | Oct. 29, 2012, 4:47 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.