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News Corporation (NWS)

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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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  • 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.
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  • 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.
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  • 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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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.