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News Corporation (NWS)

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  • Aug. 29, 2013, 1:34 PM
  • Aug. 11, 2013, 1:25 AM
  • Aug. 7, 2013, 2:05 AM
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  • Jul. 26, 2013, 4:42 AM
    Nasdaq (NDAQ) is one of a number of companies that fell victim to an East European hacking group that stole at least 160M payment-card numbers and caused combined losses of over $300M. Federal prosecutors yesterday charged five men in the largest cyber-crime case in U.S. history. Other victims include a Visa (V) licensee, J.C. Penney (JCP), JetBlue (JBLU), Heartland Payment Systems (HPY), Dow Jones (NWS) and Wet Seal (WTSL). Many of the breaches were known about, although prosecutors disclosed an attack on Nasdaq that wasn't previously publicized.
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  • Jul. 14, 2013, 1:33 AM
    Rupert Murdoch could face criminal charges in the U.S. over a secret recording in which he indicated that payments to public officials for information was part of the culture of U.K. journalism, says New York lawyer Bradley Simon. The tape raises two issues: firstly, Murdoch implied he may have known about bribery at News Corp.'s (NWS) U.K. operations; secondly, the recording may undermine his testimony to regulators, with lying to law enforcers a crime under Title 18, Section 1001.
  • Jul. 10, 2013, 4:23 AM
    News Corp. (NWS) Chairman Rupert Murdoch has agreed to testify for a second time to the U.K. Parliament following the emergence of a secret recording last week in which he indicated that payments to public officials for information was part of the culture of U.K. journalism. Murdoch's sentiments were somewhat contrary to his tone at a parliamentary hearing last year, when he said, "Paying police officers for information is wrong."
  • Jul. 7, 2013, 2:05 AM
    British police have made a formal request to the Exaro News Web site to hand over a secret recording in which Rupert Murdoch indicated that payments to public officials for information was part of the culture of U.K. journalism. While Murdoch didn't admit knowledge of the practice at News Corp.'s (NWS) news outlets in the recording, legislator John Whittingdale said Murdoch might have committed contempt of parliament with what may have been misleading testimony last year.
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  • Jul. 5, 2013, 6:29 PM
    History repeats: Hulu's (DIS, CMCSA, NWS) old media owners are looking to place licensing restrictions in any deal with an acquirer, the WSJ reports. One source claims the owners want to place restrictions on 1 of their top 5 shows for a given season, and another in the 6-10 range. They also want a 30-day delay before shows are made available on Hulu's free service to cord-cutters, and to cap the length of content licensing deals for Hulu Plus to 2 years and free Hulu to 5 years. Naturally, the restrictions are said to be "a major factor" in how bidders such as DirecTV (DTV) have evaluated Hulu. Hulu's 2011 buyout talks collapsed in part due to squabbles over content deals. (earlier)
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  • Jul. 4, 2013, 6:26 AM
    A recording of a speech that Rupert Murdoch gave to journalists at the U.K. Sun newspaper indicates that he knew about payments to police for news tips. "That's been going on a hundred years, absolutely," the News Corp. (NWS) chairman told the reporters, many of whom had apparently been arrested for bribing officials. Last year, Murdoch told a parliamentary hearing that "Paying police officers for information is wrong." In the recording, Murdoch also hints that son Lachlan or News Corp CEO Robert Thomson could be his heir apparent; his other son James may be out the running.
  • Jul. 1, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: TRP +8%. XRTX +6%. ZNGA +6%. TSPT +4%. NWS +3%.
    After-hours top losers: ACHN -22%. FMS -7%. GSE -2%. THO -2%. TEO -1%.
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  • Jun. 28, 2013, 6:49 PM
    News Corp. (NWS, NWSA) has finished spinning off 21st Century Fox (studios, TV channels, pay-TV ops) from its publishing assets. On Monday, Fox will begin trading on the Nasdaq under the symbols FOX and FOXA, and the new News Corp. (i.e. the publishing business) will trade under the company's existing symbols. Shares are being distributed on a basis of one share of the new News Corp. for every four shares of Fox. (PRs: I, II)
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  • Jun. 28, 2013, 9:09 AM
    More on Hulu (DIS, NWS, CMCSA): Bidders (DTV) doing their due diligence on acquiring the company found a bit of a landmine as language in programming contracts with major networks prevents Hulu from airing new episodes for up to month. The development complicates the value of Hulu to several potential acquirers because they may have thought the required window was much shorter. (Previous: Hulu bidding heats up)
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  • Jun. 28, 2013, 9:01 AM
    Hulu (DIS, NWS, CMCSA) extends the deadline for the second round of bidding to acquire the company in order to give DirecTV (DTV) time to line up financing, according to The New York Post. DirecTV is expected to offer close to $1B for the streaming service in a move that may close out Yahoo and several P-E firms which are believed to have come in with low-ball offers.
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  • Jun. 28, 2013, 7:13 AM
    News Corp. (NWS) officially splits its publishing business and entertainment business today with the new News Corp. (NWSA) and 21st Century Fox (FOXA) making their trading debuts. What to watch: Though shrinking newspaper sales are a concern for the new New Corp., the company is expected to start pursuing acquisitions using its $2.6B in cash. 21st Century Fox won't be saddled with the sluggish newspaper operations anymore, but valuation could quickly be a concern if shares fly.
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  • Jun. 27, 2013, 8:10 AM
    A judge in Delaware approves a $139M settlement between News Corp. (NWS, NWSA) and shareholders over the purchase of an entertainment company run by Rupert Murdoch's daughter and damage emanating from the phone hacking scandal in England.
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  • Jun. 24, 2013, 12:42 PM
    Magazine publishers (TWX, Hearst, Conde Nast, MDP, MSLO, NWS) saw a 23.6% gain in ad units for their iPad versions in Q1 to easily beat the flattish growth in ad pages of print editions. One clear advantage of the digital format is that ad-performance data and consumer engagement metrics can be tracked to a more refined level.
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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.