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News Corporation (NWS)

  • Jul. 22, 2011, 5:32 AM
    Aussie regulators are expected to block a $2B takeover bid by Australian pay-TV firm Foxtel for rival Austar on competition grounds. In a preliminary ruling, regulators said their decision about Foxtel, which is 25% owned by News Corp. (NWS), had nothing to do with NWS' ongoing scandal.
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  • Jul. 22, 2011, 5:26 AM
    Apple (AAPL) is said to be in talks for Hulu (NWS, DIS, CMCSA), but discussions are still in early stages and there are plenty of other firms eager to buy the online video company. Another factor that makes an Apple bid unlikely: The company has shied away from making large acquisitions, and Hulu's price tag could top $2B.
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  • Jul. 13, 2011, 9:38 AM
    More on dropping of Sky (BSYBY.PK) bid: News Corp. (NWS -0.5%) feels the situation has become "too politicized" for it to continue with its offer, a source says, although NWS intends to remain a long-term shareholder. Sky shares are -4% in London.
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  • Jul. 13, 2011, 9:29 AM
    News Corp. (NWS) withdraws its bid to buy BSkyB (BSYBY.PK).
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  • Jul. 11, 2011, 11:15 AM
    News Corp's (NWS) "withdrawal of undertakings" at the Competition Commission lays a path for the U.K. to conduct a full competitive inquiry of the BSkyB takeover proposal, which could slow the process considerably. NWS -6%, BSYBY.PK -8%. (PR; previous developments)
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  • Jul. 11, 2011, 10:55 AM
    News Corp. (NWS) "withdraws proposed undertakings" on its British Sky Broadcasting bid, and BSkyB (BSYBY.PK -7.5%) is down as much as 11% in London. Doesn't look like a dead bid, yet.
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  • Jul. 11, 2011, 7:47 AM
    News Corp.'s (NWS -0.1%) hopes of buying BSkyB (BSYBY.PK) are fading after the U.K. government says it will seek fresh regulatory advice about the acquisition following the phone-hacking scandal at the News of the World. In London, BSkyB -6.2%
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  • Jul. 10, 2011, 6:22 AM
    Thank you & Goodbye - News of the World publishes its last edition, but this still may not stop attempts to delay a decision about approving News Corp.'s (NWS) purchase of British Sky (BSYBY.PK) until after the phone-hacking probes are over - i.e., for years. If the deal fails, some want NWS to return the $12B to shareholders.
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  • Jul. 8, 2011, 7:32 AM
    David Cameron says a decision whether to allow News Corp. (NWS) to take over BSkyB (BSYBY.PK) will take 'some time' because of the number of responses to a public consultation. This follows the uproar of the phone-hacking scandal. BSkyB is -3.5% in London.
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  • Jul. 7, 2011, 4:57 PM
    Mad men and zombies may entice News Corp. (NWS), Disney (DIS) or Time Warner (TWX) to chase "the most expensive American media takeover in five years": AMC Networks (AMCX +1.9%). It's a "hot network," Gamco Investors says, and plenty of media companies would like the "predictable, recurring dual-revenue streams of advertising and subscription fees.”
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  • Jun. 30, 2011, 10:17 AM
    A tale of two web sites: Possessing roughly 4x as much U.S. traffic as Facebook five years ago, MySpace has been left in the dust by Facebook, leading to News Corp.'s (NWS) recent decision to sell the business for a fraction of its purchase price.
  • Jun. 30, 2011, 7:47 AM
    The U.K. clears News Corp.'s (NWS) purchase of BSkyB (BSYBY.PK), removing the threat of a prolonged antitrust investigation. News Corp.'s next hurdle is to re-negotiate a deal price with BSkyB; a year ago, NWS offered £7/share but BSkyB is now trading around £8.50.
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  • Jun. 22, 2011, 7:00 AM
    Yahoo (YHOO) may or may not be interested in buying Hulu (NWS, DIS, CMCSA). Either way, sources say the video site is thinking about putting itself up for sale after getting an unsolicited takeover offer of undisclosed size.
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  • Jun. 6, 2011, 2:23 PM
    News Corp. (NWS -0.8%) is moving toward a deal for Myspace, with a strategic partnership appearing more likely than a straight sale, WSJ reports. The lack of a bidder willing to come in and sweep away Myspace at a high price has increased the odds that News Corp. will keep a stake.
  • May. 26, 2011, 6:01 PM
    Communications equipment maker Arris (ARRS) is in talks to buy SeaChange International (SEAC), a maker of digital video gear, WSJ reports. TiVo (TIVO) and NDS Group, a technology provider for pay-TV operators owned by News Corp. (NWS) and buyout firm Permira, also reportedly considered buying SEAC but have lost interest.
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  • Apr. 20, 2011, 2:22 PM
    News Corp. (NWS +1.7%) reportedly is in the early stages of talks about forming a consortium to acquire control of Formula One motor racing. Rupert Murdoch's company is said to have held preliminary talks with Carlos Slim and at least one of the sport’s big manufacturers about a possible takeover of the racing car series.
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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.