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News Corporation (NWS)

  • Apr. 9, 2013, 3:38 PM
    International TV markets appear to be opening up to edgy U.S. cable shows, according to the buzz from an influential media conference in France. What to watch: Networks such as FX (NWS, NWSA), A&E (AMCX), and Showtime (CBS) with hit show this year could see demand rise to help put another nail in the coffin of the traditional broadcast landscape. (Previous: TV broadcasters vs. Aereo)
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  • Apr. 9, 2013, 8:06 AM
    Media watch: Univision chairman Haim Saban says his company will explore alternatives including moving to cable as it firmly believes Barry Diller-backed Aereo is pirating broadcasters' content. Last week, Aereo scored a legal victory which has thoroughly rattled the media industry (CBS, CMCSA, DIS, NWS). Previous: (News Corp. explores the nuclear option)
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  • Apr. 8, 2013, 2:04 PM
    The ace in the hole: News Corp. (NWS, NWSA) threatens to move the Fox channel to cable if Aereo isn't stopped by a judge from retransmitting shows through its innovative technology which appears to skirt around federal transmission laws. If CBS, ABC, and NBC followed suit it would mark the end of the traditional broadcasting model. (Aereo timeline)
  • Apr. 5, 2013, 6:56 PM
    Former News Corp. President Peter Chernin bid ~$500M for Hulu (DIS, NWS, CMCSA) after its owners began reaching out to prospective buyers, Reuters reports. The reported bid price is well below the $2B valuation Hulu is believed to have been given when Providence Equity sold its stake last year, and Reuters cautions it isn't clear if the owners are still considering a sale.
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  • Apr. 1, 2013, 11:58 AM
    Online broadcast TV service Aereo scores a big legal win, as a U.S. appeals court rejects a bid from TV networks to declare Aereo guilty of copyright infringement. InterActiveCorp-funded (IACI) Aereo, which relies on thousands of antennas to transmit HD streams to subscribers, has broadcasters (CBS, NWS, DIS) up in arms thanks to its potential to undermine efforts to collect retransmission fees from pay-TV providers. The ruling comes as the WSJ reports Aereo has been talking with some of those pay-TV providers about distribution deals.
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  • Apr. 1, 2013, 9:45 AM
    News Corp. (NWS, NWSA) lands an upgrade to Outperform from Credit Suisse after being slotted at Neutral. The investment firm thinks the media giant will see higher cable growth and margin expansion.
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  • Mar. 28, 2013, 10:50 AM
    News Corp.-owned (NWS, NWSA) plans to launch a sister channel for FX this fall and move several channels to the new FXX network. FX President John Landgraf says an "incredibly ambitious ramp-up" of program development and production is underway with both networks targeted to be in 70M homes.
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  • Mar. 25, 2013, 4:37 PM
    Hulu (DIS, CMCSA, NWS) has contacted potential buyers to gauge their interest, Reuters reports. Hulu's media industry owners put the video site up for sale in 2011, but decided to hold on after failing to receive an adequate bid. The bids received in a fresh sale attempt will depend a lot on the content licensing terms the  owners are willing to offer. Questions surrounding Hulu's CEO transition could also come into play.
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  • Mar. 25, 2013, 10:47 AM
    News Corp.'s (NWS -0.3%) 20th Century Fox scores a number one box office hit with The Croods which pulled in $44.7M in ticket sales in North America over the weekend. The animated film made another $63.3M internationally. 
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  • Mar. 22, 2013, 9:38 AM
    News Corp. (NWS, NWSA) announces it will sell a 5.28% stake in Phoenix Television Holdings through a subsidiary for $92M. Following the transaction, News Corp. unit Star Entertainment Holdings Limited will retain a 12.16% position in the Chinese media concern.
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  • Mar. 20, 2013, 8:59 AM
    Fox Sports (NWS, NWSA) is expected to announce later today that it landed the rights to the new Big East basketball conference. The deal provides a nice programming boost for the new Fox Sports 1 channel and gives ESPN something to think about. It's anticipated Madison Square Garden (MSG) will pick up some regional coverage of the new Catholic-heavy conference.
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  • Mar. 16, 2013, 11:45 AM
    The increased focus of media companies to license film and television content to sites such as Amazon and Netflix is irresistible due to the lush margins for streaming video on demand, but the trend also poses a long-term threat to the traditional TV advertising model as new generations of audiences become accustomed to SVOD viewing habits. What to watch: Content companies need to maximize profits without cannibalizing TV ratings for hit shows. Look for more quick SVOD profit hits from CBS (CBS), Discovery Communications (DISCA), Time Warner (TWX), and Viacom (VIA, VIAB) while News Corp. (NWS, NWSA) and Disney (DIS) may have broader streaming plans in mind.
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  • Mar. 14, 2013, 6:58 PM
    Outgoing Hulu (DIS, NWS, CMCSA) CEO Jason Kilar says content chief Andy Forssell will be the streaming service's acting CEO following his departure. Kilar also confirms Disney and News Corp. are "currently finalizing their forward-looking plans with Hulu" (previous) - a "permanent decision" about Hulu's CEO will be made after said finalization. Forssell will take over a company whose 2012 sales were less than 1/5 of Netflix's, and whose paid subscriber base is less than 1/9 as large.
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  • Mar. 8, 2013, 10:55 AM
    News Corp (NWS, NWSA) discloses in a SEC filing that it will provide $2.6B in cash for its new publishing company as it spins off  this summer. The new entity will also start off with no debt. (14A)
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  • Mar. 6, 2013, 7:31 AM
    News Corp. (NWS) says its education unit will launch a $299 Android-based tablet designed for students. The tablet will hit the market in time for the 2013-2014 school year in the U.S.
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  • Mar. 6, 2013, 5:16 AM
    News Corp.'s (NWS) education unit Amplify is today set to showcase the first tablet computer designed specifically for schools. Amplify reckons education boards will spend hundreds of dollars per pupil on such devices despite steep budget cuts. The company is also entering a crowded market that includes the iPad and Pearson.
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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.