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News Corporation (NWS)

  • Jun. 2, 2013, 2:53 AM
    Satellite operator DirecTV (DTV) and two other unidentified suitors have reportedly bid over $1B each to acquire Hulu. The owners of the online video service, which are News Corp (NWS), Disney (DIS) and Comcast (CMCSA), have received seven offers for the company, and intend to cut the shortlist down over the next few weeks. Previous reports have said that other bidders include Yahoo (YHOO), KKR (KKR) and Time Warner Cable (TWC).
  • May. 30, 2013, 10:00 AM
    Hulu (DIS, NWS, CMCSA) says its top global operations exec resigned earlier this month to continue a trend of management heading for the exits. What to watch: Amid the excitement over a number of big-name media and tech suitors entering the chase for Hulu is the reality that securing a final deal will be difficult. The streaming service relies on fresh content from NBC, ABC, and Fox - but will those deals be extended to a new owner?
  • May. 28, 2013, 3:48 PM
    What makes Hulu so valuable? Despite revenue streams that aren't fully realized yet, the Hulu (DIS, CMCSA, NWS) brand is already worth more than any of the networks, argues RBC Capital Market's David Bank. Though still only a minor player on the subscription side, the company sits in a dominant position to take advantage of the boom expected in online video advertising. Does the drop today in Netflix (NFLX -6.3%) have more to do with the threat of Hulu being owned by a bigger company than disappointing reviews for Arrested Development?
  • May. 24, 2013, 6:25 PM
    News Corp. (NWS, NWSA) expects to write down the value of its soon-to-be-independent publishing business by $1.2B-$1.4B this quarter, according to an SEC filing. The media company says "certain of its goodwill and intangible assets were potentially impaired” at the publishing business, which includes newspapers such as the NY Post and WSJ.
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  • May. 24, 2013, 3:12 PM
    Yahoo (YHOO +1.7%) throws its name into the Hulu hat to join a number of P-E firms as well as DirecTV and Time Warner Cable in the hunt. Owners Disney (DIS +0.1%), Comcast (CMCSA +0.2%), and News Corp (NWS, NWSA) will weigh the best offer, but will also want to position themselves on the content side to be protected. (Previous on Hulu-mania)
  • May. 24, 2013, 1:40 PM
    Add KKR and Silver Lake Management to the list of bidders for Hulu (CMCSA, DIS, NWS), according to Bloomberg. Earlier reports indicated Time Warner Cable (TWC -0.8%), Guggenheim Digital, and DirecTV (DTV -0.6%) are in the hunt. What to watch: Some analysts think Hulu could evolve into a payment authentication system for the cable industry, while others bet that a single media/tech company will snap up the firm to create a unique position for itself in video - either as a premium streaming service or an ad-supported content monster. Either way Netflix (NFLX -0.5%) is watching.
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  • May. 24, 2013, 10:18 AM
    A group of broadcasters including Fox (NWS), NBCU (CMCSA), ABC (DIS), and Telemundo filed a copyright infringement lawsuit in Washington DC against a similar outfit to Aereo that is also offering re-transmission services to consumers. The target, subtly called Aereokiller, appears to be an easier case for the broadcasting companies to win a decision over - right in the backyard of politicians.
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  • May. 24, 2013, 8:58 AM
    News Corp. (NWS, NWSA) says its board of directors formally approved the split of the company into two entities to be called 21st Century Fox and the new News Corporation. After the separation, the new News Corp. will be have an authorization to buy back $500M in stock in its back pocket. A rights agreement was also adopted to protect shareholder interests. NWS +0.6% premarket. (PR)
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  • May. 24, 2013, 6:52 AM
    Hulu (DIS, NWS, CMCSA) has received buyout offers from DirecTV and Time Warner Cable in the first round of bidding, according to the New York Post. Guggenheim Partners, which is helping the tech concern sell itself, isn't saying if P-E firms are joining the chase.
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  • May. 21, 2013, 12:31 PM
    News Corp (NWS, NWSA) continues to be one of the most popular consumer service stock picks of hedge funds, according to Insider Monkey. The inside take is that despite a decent YTD 26% runup in share price, valuation is still reasonable with a pending split of the company looking promising. The latest hedgie to take a bite is Lone Pine Capital with an increased in its position to 22M shares. (13F)
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  • May. 17, 2013, 4:11 PM
    DirecTV (DTV) has joined the ranks of companies weighing a bid for Hulu (DIS, NWS, CMCSA), with an eye towards expanding its arsenal of TV Everywhere content, the WSJ reports. The scoop shortly follows a report Time Warner Cable and other MSOs are talking about a possible bid.
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  • May. 17, 2013, 9:44 AM
    Hulu (NWS, DIS, CMCSA) could be even more valuable than people think due its rich user experience and advanced advertising system, reasons BTIG's Rich Greenfield. The analyst isn't convinced a cable industry joint venture would work well, but says he could make the case why almost any large media/tech company (Google?) could use Hulu to position itself in the "rapidly fragmenting" video world.
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  • May. 16, 2013, 7:00 AM
    Time Warner Cable (TWC) is in talks with other cable companies about making a bid for Hulu (DIS, CMCSA, NWS), according to the New York Post. If the cable companies can land control of Hulu they have the option of turning it into an authenticated service for paying cable customers.
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  • May. 15, 2013, 11:41 AM
    Senator Mark Warner calls the bluff of broadcasters (CMCSA, CBS, DIS, NWS, NWSA) threatening they will pull their major networks off the air to cable if Aereo isn't stopped in courtroom battles by noting FCC broadcast licenses could be pulled in that scenario. With Aereo growing around like the country like a weed, and the proposed Television Consumer Freedom Act including a ban on networks converting to cable, the headaches of the industry have become a little more pronounced. Don't expect CBS head honcho Les Moonves to stay quiet on the latest development.
  • May. 14, 2013, 7:52 AM
    News Corp. (NWS, NWSA) enters a partnership with Twitter that will see the Fox channel use the social network to advertise shows and distribute exclusive clips. The big picture: Gone are the days when media companies threw speculative dollars into Twitter just to see what would happen as the monetization of conversations on TV shows becomes more refined. ESPN, CBS, and NBC all plan to sell ads within Twitter-embedded videos - instead of just using Twitter as a linking source.
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  • May. 13, 2013, 7:30 AM
    Broadcasters ABC, CBS, Fox, and NBC will settle for the lowest round of average rate hikes in three years during the "upfront" selling season, according to industry watchers. Though the expected increase in ad rates of 6% sounds fairly lush, annual rate increases were in the double digits only two years ago before the impact of streaming alternatives and a step up in cable programming was fully felt. Upfront ad rate forecast: CBS +6.5%, ABC (DIS) +6%, Fox (NWS, NWSA) + 5.5%, NBC (CMCSA) +5%.
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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.