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News Corporation (NWS)

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  • Apr. 17, 2012, 6:15 AM
    It's a ritual that's usually for established cable channels and network broadcasters, but on Thursday Hulu will pitch original progamming to advertisers. The online video company is also expected to announce that its $8-a-month Hulu Plus service has topped 2M subscribers for the first time.
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  • Apr. 16, 2012, 5:55 PM
    As U.S. box office receipts and DVD sales remain under pressure, Hollywood can take heart in China's potential. In February, China said it would increase the number of foreign films allowed in a year to 34 from 20, and would allow studios to keep 25% of receipts (up from a prior 13.5-17.5%). This comes after a year in which Chinese receipts grew 35% to $2B. Nonetheless, studios remain concerned the Chinese government is ultimately focused on promoting its own film industry.
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  • Apr. 13, 2012, 9:54 AM
    A British parliamentary report into the phone hacking scandal may lead to News Corp. (NWSA -0.9%) being forced into cutting or selling its stake in highly profitable BSkyB (BSYBY.PK), having already dropped its bid to buy it outright last year. The report is widely expected to criticize Robert Murdoch's firm, raising the possibility that British broadcast watchdog Ofcom will take action.
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  • Apr. 12, 2012, 2:07 PM
    Lawyers representing a number of public figures in the News Corp (NWSA +2.2%) phone hacking scandal plan to file three civil lawsuits in U.S. courts. The claims center around two high-profile sports figures and one prominent U.S. citizen, and are the first legal actions to be filed in the U.S. related to the scandal.
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  • Apr. 11, 2012, 3:11 PM
    The DOJ's e-book settlement with Simon & Schuster (CBS), Hachette, and HarperCollins (NWS, NWSA) requires deals with Apple (AAPL) to be terminated and renegotiated, along with other contracts that restrict an e-book retailer's ability to set final prices (e.g. their deals with AMZN and BKS). However, the settlement doesn't mandate publishers adopt a wholesale distribution model, such as the one Amazon originally used to discount e-book prices.
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  • Apr. 5, 2012, 2:01 PM
    The dependence of U.S. movie studio owners such as DWA, DIS, LGF, CMCSA, NWS, and TWX on international markets continues to grow. IHS estimates the top 100 grossing films in the U.S. received 58.4% of their box office sales overseas, up 110 bps Y/Y. This growing reliance on international receipts, intensified by weak U.S. DVD sales, is problematic for genres such as sports dramas and comedies, which aren't well-received overseas.
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  • Apr. 5, 2012, 10:43 AM
    The hacking revelations at News Corp. (NWS) keep on coming, with U.K. channel Sky News admitting that it twice authorized its reporters to break into emails for "the public interest." The disclosure could further dent News Corp.'s hopes of gaining full control of Sky News parent BSkyB (BSYBF.PK).
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  • Apr. 5, 2012, 9:27 AM
    Publishers Simon & Schuster (CBS), HarperCollins (NWS, NWSA), and Hachette are reportedly close to reaching a settlement over the price-fixing investigations launched by U.S. and E.U. authorities, one that's expected to result in retailers such as Amazon (AMZN) once more having the power to set e-book pricing. However, Apple (AAPL) and two publishers - Pearson (PSO) and Macmillan - don't appear close to settling. (also)
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  • Apr. 4, 2012, 8:07 AM
    The dramatic exit of James Murdoch from BSkyB (BSYBY.PK) gives his father another crack at acquiring the 60% of the company he doesn't already own. A renewed bid by News Corp (NWS, NWSA) might take a year to go off with a government committee still studying the issue of media ownership and regulators determining what makes for a "fit and proper" owner of a media concern.
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  • Apr. 3, 2012, 9:30 AM
    The official announcement confirming James Murdoch stepping down as Chairman of BSkyB (BSYBY.PK): "I am determined that the interests of BSkyB should not be undermined by matters outside the scope of this Company ... my role as Chairman could become a lightning rod." (earlier)
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  • Apr. 3, 2012, 8:03 AM
    James Murdoch is expected to step down as chairman of BSkyB (BSYBY.PK) at today's board meeting, reports Sky News.
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  • 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.
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  • 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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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.