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News Corporation (NWS)

  • 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).
    | Jun. 29, 2012, 3:42 PM | 1 Comment
  • 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.
    | Jun. 28, 2012, 2:04 PM | Comment!
  • 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)
    | Jun. 28, 2012, 8:00 AM | Comment!
  • 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)
    | Jun. 28, 2012, 7:44 AM | Comment!
  • 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.
    | Jun. 27, 2012, 9:34 PM | 1 Comment
  • 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.
    | Jun. 26, 2012, 9:38 AM | Comment!
  • 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).
    | Jun. 26, 2012, 8:01 AM | Comment!
  • 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.
    | Jun. 26, 2012, 7:14 AM | Comment!
  • 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.
    | Jun. 26, 2012, 2:40 AM | Comment!
  • Jun. 22, 2012, 6:08 AM
    It looks like a nice little bidding war could play out Down Under between Rupert Murdoch and fellow tycoon Kerry Stokes for TV holding company CMH, with Stokes' Seven Group indicating it may make a proposal for the 76% it doesn't own. News Corp. (NWS) has already offered $2B for CMH.
    | Jun. 22, 2012, 6:08 AM | Comment!
  • Jun. 20, 2012, 12:33 PM
    News Corp. (NSWA +0.7%) won't have to dig too hard to find the cash to buy Disney's ESPN Star Sports and make sizable buybacks as part of an expanded share repurchase plan with over $10B sitting around in cash. The company grew its stockpile in anticipation that it would need it to gain full control of British Sky Broadcasting - a plan that went awry after the phone hacking scandal broke.
    | Jun. 20, 2012, 12:33 PM | Comment!
  • Jun. 19, 2012, 8:51 PM
    News Corp. (NWS) has offered $2B to acquire Consolidated Media Holdings, the Australian holding company invested in subscription TV, the WSJ reports. Details: News Ltd. - an Australian News Corp. unit that owns about 146 newspapers - has made a $3.50/share bid that CMH 50%-shareholder James Packer says is "fair."
    | Jun. 19, 2012, 8:51 PM | Comment!
  • Jun. 19, 2012, 9:43 AM
    Dow Jones President Todd Larsen resigns having been in the job for two years. Larsen's departure from the News Corp. (NWS) unit comes just four months after Les Fenwick was appointed CEO.
    | Jun. 19, 2012, 9:43 AM | Comment!
  • Jun. 18, 2012, 8:46 AM
    Summer of discontent? European box office totals for major movie studios are getting smacked around by the mind-blowing TV ratings of the European soccer championships. In Germany, the nation's last group stage game drew a stellar 74.2% share that left movie theaters all but empty as the leading movie of the pack - Men in Black 3 - only earned a paltry €1.3M ($1.6M) for the weekend. The soccer games run for another two weeks and later this summer the Olympics take center stage.
    | Jun. 18, 2012, 8:46 AM | 12 Comments
  • Jun. 15, 2012, 1:10 PM
    This summer will see a crowded slate of animated movies with DreamWorks (DWA +0.8%) Madagascar 3: Europe's Most Wanted, Pixar's (DIS -0.1%) Brave, and Fox's (NWSA +0.9%) Ice Age: Continental Drift all debuting within five weeks of each other. Each film boasts strategic box office advantages, but analysts find it unlikely that all three will be smash hits as they can't help but cut into each other's target demographic.
    | Jun. 15, 2012, 1:10 PM | 1 Comment
  • Jun. 13, 2012, 2:52 PM
    BSkyB (BSYBY.PK) and BT Group (BT -3.1%) win the rights to air English Premier League games domestically with a combined bid of £3B ($4.6B) - marking a 70% increase over the price on the current contract set to expire at the end of 2012. International rights will be awarded later this year, with both Disney's (DIS +0.2%) ESPN and News Corp's (NWS -0.5%) Fox in the mix.
    | Jun. 13, 2012, 2:52 PM | 1 Comment
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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.