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News Corporation (NWSA)

- NASDAQ
  • Mon, Mar. 23, 9:39 AM
    • After recently lowering its joint bid with Foxtel (NASDAQ:NWSA) in a months-long auction process for Australia's Ten Network, Discovery Communications (NASDAQ:DISCA) is bailing out of the proceedings.
    • The two companies had already dropped a push for full control of Ten after running into pushback from Bruce Gordon, the owner of regional broadcaster Win Corp. who's already at a legally mandated limit of 14.99% ownership of Ten.
    • Discovery reportedly balked at Ten's suggestion that it take only a 14.99% stake itself, rather than a controlling share.
    • Foxtel now must decide whether to pursue the minority stake on its own.
    • Previously: Discovery gives back some gains on Fox merger denials (Feb. 23 2015)
    • Previously: Discovery/Foxtel frontrunner in bid for Ten (Nov. 23 2014)
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  • Thu, Mar. 19, 6:40 AM
    • News Corp (NASDAQ:NWS) has increased its stake in Australia's APN News & Media (OTCPK:APNDY) from an undisclosed level to 14.99%, the maximum shareholding allowed in the country without a formal takeover offer.
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  • Mon, Feb. 23, 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.
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  • 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.
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  • 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.
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  • Nov. 14, 2014, 8:40 AM
    • News Corp (NWS, NWSA) announces it completed the acquisition of Move Inc.
    • The purchase gives News Corp access to an online business that displays information for 98% of all properties listed for sale in the U.S.
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  • May 2, 2014, 10:03 AM
    • News Corp. (NWS, NWSA) buys Harlequin Enterprises from Torstar Corporation for C$455M ($414M).
    • The romance publisher pushes out more than 110 titles a month.
    • The company plans to accelerate Harlequin's digital presence.
    • Execs with News Corp. expect a lift to earnings from the acquisition.
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  • Dec. 20, 2013, 9:59 AM
    • Expanding its push into the digital realm, News Corp (NWSA +1.2%) acquires social news start-up Storyful for €18M (~$25M).
    • The Dublin-based Storyful, which dubs itself "the world's first social news agency," mines social media platforms to discover user-generated content with a focus on images and photos. In 2013, videos have generated 750M views for partners.
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  • Sep. 11, 2013, 4:00 AM
    • Southeastern  Asset Management bought 11.9% of News Corp's (NWS, NWSA) voting rights, representing a 4.1% economic interest. Based on yesterday's closing price of $16.72, the stake is worth around $397M.
    • The investment firm has the second-largest holding behind Rupert Murdoch, who owns 39% of News Corp.'s voting stock, or a 14% economic interest.
    • Southeastern said it has no plans to influence News Corp. and is known for value investing. However, it's worth noting that Southeastern joined with Carl Icahn to oppose Michael Dell's buyout of Dell, and in a shareholder revolt at Chesapeake Energy. (Previous)
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  • Sep. 4, 2013, 10:35 AM
    • Newcastle Investment (NCT -2.2%) acquires Dow Jones Local Media Group from News Corp. (NWS, NWSA) for $87M.
    • Local Media operates 33 local publications in 7 states. The business will now be managed by GateHouse Media (GHSE.PK), an affiliate of Fortress Investment (FIG), which is Newcastle's manager.
    • Newcastle owns about 52% of GateHouse's $1.2B in debt and it and other creditors have agreed on a prepackaged Chapter 11 filing in which Newcastle expects to convert its debt holdings into equity of GateHouse.
    • Presentation and conference call at 2:30 ET.
    • Press release.
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  • Jul. 5, 2013, 6:29 PM
    History repeats: Hulu's (DIS, CMCSA, NWS) old media owners are looking to place licensing restrictions in any deal with an acquirer, the WSJ reports. One source claims the owners want to place restrictions on 1 of their top 5 shows for a given season, and another in the 6-10 range. They also want a 30-day delay before shows are made available on Hulu's free service to cord-cutters, and to cap the length of content licensing deals for Hulu Plus to 2 years and free Hulu to 5 years. Naturally, the restrictions are said to be "a major factor" in how bidders such as DirecTV (DTV) have evaluated Hulu. Hulu's 2011 buyout talks collapsed in part due to squabbles over content deals. (earlier)
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  • 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)
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  • 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.
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  • 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.
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  • 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)
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  • 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.
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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.