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News Corporation (NWS)

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  • May 24, 2012, 11:40 PM
    In the next step after Dish Network's (DISH) pre-emptive legal strike, Fox (NWS), NBC (CMCSA) and CBS have now all sued the satellite provider over its commercial-skipping "AutoHop" technology, claiming copyright and licensing violations. Subtle questions over who controls the skipping could dictate whether Dish faces the fate of ReplayTV: being sued out of existence.
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  • May 22, 2012, 12:05 PM
    InterActiveCorp-backed (IACI +1.1%) Aereo succeeds in getting an unfair competition claim that was part of a lawsuit attempting to shut down its $12/month local TV streaming service dismissed. A ruling is still pending on a copyright infringement claim. Broadcasters such as CBS, ABC, NBC, and Fox accuse Aereo of depriving them of retransmission fees from pay-TV providers (ed: the pay-TV providers aren't thrilled about paying for content that's aired for free).
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  • May 21, 2012, 11:58 AM
    Hulu continues to add to its arsenal of original content (previous). The latest additions include movie-review show Spoilers, travel series Up to Speed, and U.K.-based comedy Rev. Netflix (NFLX) has been investing in plenty of original content of its own.
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  • May 16, 2012, 7:05 AM
    Broadcasting and cable companies sift through the numbers after pitching their 2012-2013 schedules to advertising execs. CBS appears to be the leader in ad commitments with $2.78B set, while Disney's (DIS) ABC will land $2.35B and Comcast's (CMCSA) NBC is in line for $1.66B. News Corp's (NWSA,NWS) Fox - which is planning a big Saturday night sports programming block next year - has $2.03B in ads slated for next season.
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  • May 14, 2012, 9:58 AM
    Shares of Bona Film (BONA) jump up 7.7% after New Corp. (NWS, NWSA) discloses that it holds a 19.9% stake in the company. The investment will reduce CEO Dong Yu's stake in the firm to ~27%.
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  • May 10, 2012, 9:53 AM
    News Corp. (NWS, NWSA) trades 3.2% higher after its FQ3 report showed that strong results for its cable TV division were able to overcome the headline-grabbing scandal in the U.K. The company says it will extend an existing stock buyback by $5B, with the goal for it to be completed by the end of FY13.
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  • May 9, 2012, 4:11 PM
    More from News Corp. (NWS) earnings: The company increases its buyback authorization to $10B from $5B. Double-digit revenue growth in Cable Network Programming (to $2.38B from $2.04B) and Filmed Entertainment (to $1.72B from $1.55B); Television slips to $1.21B from $1.44B with no Super Bowl revenue this year.
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  • May 9, 2012, 4:07 PM
    News Corp. (NWSA): FQ3 EPS of $0.37 beats by $0.06. Revenue of $8.4B (+2% Y/Y) beats by $160M. After hours, NWSA +3.2%, NWS +3.3%. (PR)
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  • May 9, 2012, 9:20 AM
    Gordon Gekko is coming to Latin America. Netflix (NFLX) announces a deal with 20th-Century Fox (NWS, NWSA) that gives it Latin streaming rights for 24, Prison Break, and four other TV shows, as well as a set of classic films that includes Wall Street. Netflix has lined up many Latin American content partners (I, II), but its Q1 international subscriber and profit forecasts disappointed investors.
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  • May 3, 2012, 6:50 AM
    News Corp.'s (NWS, NWSA) board offers a statement of public support to Rupert Murdoch, saying its chairman has the resolve to lead the company despite the litany of allegations thrown his way by a U.K. parliamentary panel. The backing comes to light as the company draws up a list of 52 employees involved in illegal phone hacking and gathering of private information.
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  • May 1, 2012, 1:33 PM
    Though News Corp. (NWS, NWSA) admits "serious wrongdoing" at the News of the World again in a new statement, the company takes issue with the "unjustified and highly partisan" comments made by members of UK's parliamentary committee looking into the sordid hacking affair. An invective comment that Rupert Murdoch is "not a fit person" to exercise control of the company appears to be the deepest cut of all.
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  • May 1, 2012, 11:34 AM
    The latest newspaper data provides a chink of light to the industry, with the average daily circulation of 618 publications rising 0.7% Y/Y in Sep-March, and Sunday circulation for 532 papers +5%. The WSJ (NWS) maintained its lead, while the NYT (NYT) stayed in third place following strong gains from its digital edition.
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  • May 1, 2012, 7:39 AM
    The bit between its teeth, A U.K. parliamentary panel accuses Rupert Murdoch of "willful blindness" over the depth of the phone hacking at News Corp.'s (NWS) British newspapers and says he is "not a fit person" to manage a multinational corporation. In a scathing report, MPs also castigate the firm's "huge failure of corporate governance."
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  • Apr. 30, 2012, 6:54 PM
    Hulu's media industry owners, desperate to protect existing revenue streams from the threat of cord-cutting, plan to require users looking to stream network TV shows prove they have a pay-TV subscription, the NY Post reports. It's added NBC owner Comcast (CMCSA) will insist on authentication model for streaming the 2012 Summer Olympics. (previous)
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  • Apr. 27, 2012, 8:12 AM
    In Day 2 of testimony before a media ethics panel, Rupert Murdoch (NWSA) called phone hacking at News of the World “totally wrong, and I regret it,” while accusing a senior lawyer at the shuttered paper of being behind a “culture of cover-up.” It "was an aberration and it’s my fault. The senior executives were all… misinformed and shielded from anything that was going on there."
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  • Apr. 26, 2012, 8:43 PM
    Providence Equity Partners is selling its 10% stake in Hulu to co-owners Disney (DIS), Comcast (CMCSA), and News Corp. (NWS, NWSA) at a $2B valuation, Bloomberg reports. The valuation is just slightly above $1.9B offer Dish Network reportedly made for Hulu before last year's sales process was cancelled. Hulu's revenue rose 60% last year, but is still only a fraction of Netflix's (NFLX).
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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.