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News Corporation (NWS)

  • Mar. 29, 2012, 9:46 AM
    Rupert Murdoch vows to "hit back hard" against allegations from BBC that a News Corp. (NWSA, NWS) subsidiary ran a secret unit to promote piracy against pay-TV rivals. NWS President Chase Carey says the program presented "manipulated and mischaracterized emails to produce unfair and baseless accusations."
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  • Mar. 29, 2012, 9:03 AM
    The Wall Street Journal (NWS) tears down its paywall for 24 hours as part of a "Digital Open House." Content is free on the website, mobile site, and via iOS apps for the short period.
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  • Mar. 28, 2012, 2:58 PM
    News Corp. (NWSA, NWS) plans to take on Disney's (DIS -1.6%) ESPN with its own sports network that could appear on sets before the end of the year. Sources tip off that the company already has the clearance of some carriers including DirecTV to add the new network to its programming.
  • Mar. 28, 2012, 9:49 AM
    News Corp. (NWS) denies allegations that soon-to-be-sold affiliate NDS not only hacked the smartcards of a British rival to BSkyB, but also those of Australian pay-TV competitors during the 1990s. Even if true, the activity wasn't actually illegal at the time in Australia. Shares -1.1%.
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  • Mar. 28, 2012, 8:36 AM
    The Los Angeles Dodgers are sold for $2.15B to a group led by basketball legend Magic Johnson, and the deal will come with an opportunity to launch a potentially lucrative regional sports network or sign a new local deal with the current broadcaster, News Corp.'s (NWS) Fox unit, which has already offered the team a 17-year extension valued at nearly $3B. (earlier)
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  • Mar. 27, 2012, 9:11 AM
    Netflix (NFLX) has dropped previously-reported plans to revive the sci-fi show Terra Nova, according to The Hollywood Reporter, after it failed to come to terms with studio 20th Television (NWS, NWSA). The news comes a week after Netflix announced it would produce gothic mystery series Hemlock Grove.
  • Mar. 26, 2012, 6:22 PM
    News Corp. (NWS, NWSA) might have another hacking scandal on its hands. A BBC program allgeges set-top software firm NDS, 49%-owned by News Corp. and due to be acquired by Cisco (CSCO), cracked the smart card codes of ONdigital, a one-time rival to News Corp.-affiliated BSkyB (BSYBY.PK), and gave them to pirates, who used them to make thousands of counterfeit smart cards. All that illegal viewing contributed to ONdigital's bankruptcy.
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  • Mar. 20, 2012, 5:25 AM
    Time Warner Cable (TWC) and News Corp's (NWS) Fox sports unit are heading for a potential multi-billion dollar showdown over the rights to telecast the L.A. Dodgers' baseball games. Blackstone, the firm advising the Dodgers on the sale, has encouraged media companies to get involved in the bidding to boost the price.
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  • Mar. 15, 2012, 4:49 PM
    TV broadcasters are upset about an FCC proposal that would make them post online their pricing information about political ads. The networks say it isn't fair to make them post ad rates when other recipients of political ad dollars, including cable TV and websites, get a pass. Political advertising on television is expected to reach ~$3.2B this election season.
  • Mar. 15, 2012, 1:00 PM
    Cisco (CSCO -1.6%) and News Corp. (NWS +1.7%) head in opposite directions following the former's purchase of NDS, in which the latter holds a 49% stake. Cisco says the deal will be immediately accretive to earnings, and that it will continue to sell NDS' software to rival set-top vendors. Strategy Analytics sees NDS aiding Cisco's efforts to get pay-TV providers to embrace online video, while Light Reading notes the value of NDS' relationships with Chinese and Indian pay-TV providers.
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  • Mar. 14, 2012, 5:19 PM
    James Murdoch, still News Corp.'s (NWS, NWSA) deputy chief operating officer after giving up another title, sends a letter to U.K. lawmakers expressing regret that he didn't uncover wrongdoing at the company's British newspaper division sooner, but insisting he never tried to mislead Parliament about the matter.
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  • Mar. 12, 2012, 11:30 AM
    News Corp. (NWS -1.0% NWSA -1.1%) sells a 17.3% stake in Indian cable TV provider Hathaway Cable for 3.6B rupees ($72M) through its Star India unit, according to regulatory filings.
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  • Mar. 9, 2012, 12:58 PM
    The FBI will poke around Russia as part of investigation to determine if News Corp. (NWS +1.5%, NWSA +1.9%) bribed foreign officials in the nation, according to sources. The investigation will include consulting with Russian authorities on the issue.
  • Mar. 8, 2012, 4:10 PM
    Netflix (NFLX) is reportedly in talks with studio 20th Television (NWS, NWSA) to acquire the rights to sci-fi show Terra Nova, which was recently cancelled by Fox after posting disappointing ratings in its first season. Meanwhile, director David Fincher is said to be squabbling over the budget for House of Cards, a 26-episode original series Netflix has committed $100M to.
  • Mar. 8, 2012, 1:10 PM
    Ofcom, the U.K. communications regulator, has set up a dedicated team - dubbed "Project Apple" - in the wake of the News Corp. (NWS, NWSA) scandal. The group is deciding whether BSkyB (BSYBY.PK) is a "fit and proper" owner of a broadcasting license. News Corp. is a 39.1% owner of BSkyB.
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  • Mar. 5, 2012, 9:58 AM
    Ratings for broadcast TV networks have fallen at a 1.8% annual rate since 1990, according to Bernstein, thanks to the impact of the Internet and cable networks. However, the networks still saw their ad revenue grow at a 3% annual clip, thanks to higher ad rates. Likewise, though newspaper ad revenue fell sharply from 2005-2010, overall TV ad revenue actually ticked higher, thanks to steady viewing levels.
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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.