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News Corporation (NWS)

  • Aug. 16, 2010, 8:36 AM
    Hulu (NWS, GE, DIS) is said to be planning an IPO that could value the ad-supported video site at more than $2B. But while the Hulu hype has been strong and steady, the company has made little headway on turning a profit.
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  • Aug. 10, 2010, 8:28 AM
    News Corp. (NWS) will sell control of its three Chinese TV channels to a fund backed by China's No. 2 media firm. News Corp. had struggled in the Chinese market for years, in part because of an abundance of trade restrictions. Financial terms of the deal weren't disclosed.
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  • Aug. 5, 2010, 10:23 AM
    Rupert Murdoch (NWS) lauds the iPad (AAPL) as a "game changer" for news media that will invigorate young people to read newspapers, and he predicts that "hundreds and hundreds of millions" of similar tablet computers will eventually be sold around the world.
  • Aug. 4, 2010, 4:17 PM
    News Corp. (NWS): FQ4 EPS of $0.33 may not be comparable to consensus of $0.20. Revenue of $8.1B (+5.7%) in-line. Shares -0.3% AH. (PR)
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  • Aug. 3, 2010, 5:06 PM
    News Corp. (NWS -1.2%) says it won't be bidding for the Texas Rangers in tomorrow's auction. NWS executives considered a bid in order to protect Fox Sports Southwest from a possible Mark Cuban bid for the Rangers - which might lead to him launching a rival network based on the Rangers and Dallas Mavericks, which he already owns.
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  • Jul. 8, 2010, 1:43 PM
    An update on the Sun Valley conference front shows that this may the year of the small media deal. Or at least the year of big-deal denials (that ABC (DIS) and MySpace (NWS) are for sale). Steve Jobs (AAPL) still unaccounted for; Rupert Murdoch's haircut makes him look like Olivier in Marathon Man.
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  • Jul. 6, 2010, 3:47 PM
    S&P identifies U.S. companies with lots of cash and low debt-to-equity that may go on a European shopping spree. Among them are several big names, including Intel (INTC), Northrop Grumman (NOC), Pfizer (PFE), Walt Disney (DIS) and News Corp. (NWS)
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  • Jul. 6, 2010, 9:07 AM
    News Corp. (NWS) is in talks with Google (GOOG), Microsoft (MSFT) and Yahoo (YHOO) about replacing MySpace's search-advertising partnership with Google, sources say. MySpace has fallen far short of Web traffic and other milestones laid out in the Google contract, which expires at the end of August.
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  • Jun. 15, 2010, 2:11 PM
    Rupert Murdoch hasn't said a word about the News Corp. (NWS +6.6%) bid for BSkyB (BSYBY.PK +17.2%), but his actions speak much louder. His rationale is reminiscent of Warren Buffett: Just as Buffett wagered last year that purchasing a railway system was a profitable way to invest in the U.S. consumer, Murdoch is betting that the problems in Europe won't prevent consumers from paying for more television.
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  • Jun. 15, 2010, 7:33 AM
    News Corp. (NWS) offers £7.8B ($11.5B) for the 61% stake of BSkyB it doesn't already own, and gets rebuffed. BSkyB, the U.K.'s largest pay-TV provider, wants an extra £1B and says the first offer 'significantly' undervalues the firm.
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  • May 28, 2010, 3:23 PM
    Advertisers say they plan to increase spending this year, and the TV networks are expecting to see more ads pre-sold this year and at higher rates. Ad rates at CBS (CBS) are projected to rise 8-9%, Fox (NWS) and ABC (DIS) could see a jump of 6%, while NBC (GE) rates should rise 5%.
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  • May 5, 2010, 9:00 AM
    Premarket gainers: VG +11%. AMMD +10%. SBCF +6%. ARIA +6%.
    Losers: ITMN -78%. MYGN -22%. GRMN -13%. YRCW -8%. KERX -7%. STEC -6%. ABK -7%. PWER -5%. MPEL -5%. AIB -5%. ALU -5%. BBVA -5%. NWS -5%. DB -5%. IRE -4%. AIG -4%. XCO -4%. VVUS -4%. FWLT -4%. UBS -4%. STD -4%.
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  • May 4, 2010, 5:28 PM
    News Corp. (NWS): Q3 EPS of $0.32 beats by $0.10. Revenue of $8.79B (+19.2%) vs. $8.23B. Shares -1.9% AH. (PR)
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  • Apr. 26, 2010, 5:55 PM
    Newspaper circulation continues to erode, -8.7% on average for six months ended March 31. USA Today (GCI +2.1%) -14%, NY Times (NYT -2.9%) -8.5%, SF Chronicle -23%, Dallas Morning News (AHC +2.4%) -21%. WSJ (NWS +0.5%) one of few gainers, +0.5%.
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  • Mar. 31, 2010, 6:23 PM
    Just before this weekend's arrival of the iPad (AAPL) - and the e-reader competition it brings to the Kindle - (AMZN) strikes deals with Simon & Schuster (CBS) and HarperCollins (NWS) for an "agency model" that will allow the publishers to set e-book prices, mirroring their earlier deals with Apple. (previously)
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  • Mar. 31, 2010, 5:20 PM
    Rupert Murdoch (NWS) is famously fond of the paywall for online content, but he's going the other direction with up to 80% price cuts on subscriptions as he prepares a (paper) NYC edition to take on the "most unassailable readership": New York Times (NYT) customers.
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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.