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News Corporation (NWS)

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  • Jul. 13, 2012, 9:19 AM
    Apparently government officials in China don't understand (or care) about the strategic timing of movie launches after children-oriented films from Fox (NWS) and Comcast (CMCSA) are both scheduled to launch on the same date in the nation. 20th Century Fox's Ice Age: Continental Drift and The Lorax from Universal Pictures will both hit screens in China on July 27. In the U.S., the Lorax film has piled up $213.5M so far, while Ice Age debuts this weekend.
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  • Jul. 13, 2012, 6:29 AM
    InterActiveCorp (IACI) backed Aereo TV intends to enter other major cities after a court this week blocked a preliminary injunction to shut down the service in New York. Aereo, which uses thousands of TV tuners to stream broadcast channels to mobile devices for $12 a month, is threatening to further disrupt the TV business models of the majors.
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  • Jul. 12, 2012, 10:21 AM
    The common take on the upcoming split of New Corp. (NWS, NWS) that the so-called "Good News" company (entertainment) will fly as it's untethered and the "Bad News" firm (publishing) will struggle mightily under the weight of scandals and slumping newspaper revenue could be overstated, according to The Hollywood Reporter. After all, the same old-school versus new-school split of CBS and Viacom worked out the exact opposite of expectations and some of the same trumped up investor enthusiasm is in play.
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  • Jul. 10, 2012, 7:16 AM
    Hulu will air its first original programming on TV when the series "Spoilers with Kevin Smith" launches on Canadian network Space. The move marks another step closer to Hulu bumping up competitively against co-owners Disney (DIS), Comcast (CMCSA), and News Corp. (NWS) after it launched as a direct rival to Netflix and Amazon.
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  • Jul. 9, 2012, 7:37 AM
    The latest word on the phone hacking scandal that embroiled execs with News Corp. (NWS, NWSA) is that prosecutors in the U.K. will decide before the end of the month if ex-journalists with the News of the World will be charged criminally. After calming down a bit as of late, the scandal could heat up again with criminal trials.
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  • Jul. 3, 2012, 9:10 AM
    Significant News Corp. (NWS, NWSA) shareholder Invesco would like to see Rupert Murdoch step out of the CEO role at the entertainment business to make room for current COO, Chase Carey. The firm holds a 1.64% stake in News Corp. and maintains that the issue is "important" to its ownership
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  • Jun. 29, 2012, 4:34 PM
    Dice Holdings (DHX), owner of industry-specific jobs sites, has bought finance/tech jobs site FINS.com from Dow Jones (NWS, NWSA). As part of the deal, Dice will handle the online career centers for fellow Dow Jones-owned WSJ.com and MarketWatch.com, and will migrate FINS.com's job listings service to its eFinancialCareers site.
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  • Jun. 29, 2012, 3:42 PM
    Controversy sells: Charlie Sheen's Anger Management on FX set a cable ratings record for a comedy broadcast with 5.47M viewers, including strong numbers in key demographics. Analysts say if the show sustains popularity it could propel ratings up and down the Fox Network (NWS).
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  • Jun. 28, 2012, 2:04 PM
    A rather defiant Rupert Murdoch defends News Corp.'s (NWS, NWSA) decision to split by saying that the rationale for the move had nothing to do with the U.K. phone hacking scandal. He says the two companies will work together and calls Dow Jones a "very viable" entity that can stand on its own without entertainment revenue. Early analyst reaction is mixed, with worries over which side retains liability on ongoing scandals balancing out the merits of having two stand-alone firms that could be sold off more easily.
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  • Jun. 28, 2012, 8:00 AM
    More on News Corp. (NWS) split: The Murdochs will retain control of the companies, with Rupert to be Chairman of both. Murdoch will also be CEO of the media & entertainment company and Chase Carey President. News Corp. didn't say who would be CEO of the publishing company. The split would take about a year to complete. Shares flat premarket. (PR)
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  • Jun. 28, 2012, 7:44 AM
    News Corp. (NWS) confirms that "it intends to pursue the separation of its publishing and media and entertainment businesses into two distinct publicly traded companies." (PR)
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  • Jun. 27, 2012, 9:34 PM
    News Corp.'s (NWSA) board approves a plan to split the company in two, according to a source, separating the entertainment operations from the publishing business. The news is expected to be formally announced tomorrow morning.
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  • Jun. 26, 2012, 9:38 AM
    Fox (NWS +6.5%) looks set to get a little bang for the buck from James Cameron as the Avatar director says he will film three sequels to the blockbuster all at once starting this fall. The first film in the series generated an all-time global box office record of $2.782B.
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  • Jun. 26, 2012, 8:01 AM
    Shares of News Corp. (NWS) move up 2.8% in premarket trading off of reports tipping off that the company may be split in two. Liberum Capital's Ian Whittaker speculates Rupert Murdoch's motivation behind a potential spinoff of the company's publishing division is that it would enable a freed-up News Corp. to make another run at British Sky Broadcasting (BSYBY.PK).
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  • Jun. 26, 2012, 7:14 AM
    Rupert Murdoch seriously mulls over splitting up News Corp. (NWSA) into two separate companies after the highly-publicized phone hacking scandal wrecked his plans to take full control of British Sky Broadcasting, according to Ad Age. Plans have been drawn up and talks are now at a late stage.
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  • Jun. 26, 2012, 2:40 AM
    Rupert Murdoch may split News Corp. (NWS) into two companies, one focused on publishing and the other on entertainment, sources say. Internal discussions are said to be in an advanced stage. Shareholders have been pushing to separate the larger film and TV operation from publishing, which has been hit by scandal and an industry slowdown.
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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.