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News Corporation

6/18/2013, 5:26 PM ET

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Tuesday, November 6, 2012, 12:10 AM Notable earnings after Tuesday’s close: AMRS, ARNA, DPM, EXXI, EZPW, GPOR, GTE, NWSA, RAX, RBCN, REXX, SGY, STEC, TWO Comment! [Earnings]
Monday, November 5, 2012, 5:35 PM Notable earnings after Tuesday’s close: AMRS, ARNA, DPM, EXXI, EZPW, GPOR, GTE, NWSA, RAX, RBCN, REXX, SGY, STEC, TWO Comment! [Earnings]
Monday, October 29, 2012, 8:43 AM The interest by News Corp. (NWS, NWSA) in Penguin's book division not only underscores the urgency of the industry to consolidate in order to ward off the threat of e-book sellers, but also the need for big players to shoulder in before it's too late. A spinoff by News Corp. of its book publishing properties into a separate company makes sense as it would clear a path for future acquisitions as the ongoing firesale in the industry continues. Comment! [Consumer]
Monday, October 29, 2012, 4:47 AM Pearson (PSO -1.2% in London) agrees to merge its Penguin book-publishing unit with Bertelsmann’s Random House in a deal that brings together companies with a combined 2011 operating profit of £272M and revenues of £2.48B. The JV, to be called Penguin Random House, will be 53% owned by Bertelsmann and 47% owned by Pearson. Confirmation of the tie-up follows reports that News Corp (NWS) had expressed interest in acquiring Penguin. (PR) Comment! [M&A, Top Stories, Consumer]
Sunday, October 21, 2012, 3:53 AM News Corp (NWS) yesterday described as "wholly innacurate" a report in the LA Times that the media conglomerate is in early discussions to buy the newspaper and the Chicago Tribune from Tribune Co. The LA Times said News Corp is also talking with Tribune Co's debtholders, including Oaktree Capital, who will obtain control of the company after court supervision ends. Comment! [Consumer]
Tuesday, October 16, 2012, 3:18 PM Same as it ever was: It's not a surprise, but shareholders at News Corp. (NWS, NWSA) rejected an investor proposal to split the duties of the CEO and Chairman. Also up in smoke is an effort to replace Rupert Murdoch's slate of directors. All in all a routine affair, except for a probing question from one shareholder on why the cost of the phone hacking scandal didn't factor directly into management's bonus calculations. 1 Comment [Consumer, Global & FX]
Tuesday, October 16, 2012, 7:28 AM Restless shareholders attending News Corp's (NWS, NWSA) annual meeting will try to push a vote to split the chairman and CEO roles, currently both held by Rupert Murdoch, as the handling of affairs beyond just the newspaper hacking incident draws scrutiny. Similar proposals at the last two annual meetings failed to gain enough votes. (webcast) Comment! [Consumer]
Sunday, October 14, 2012, 6:10 AM Providence Equity Partners has reportedly sold its 10% holding in Hulu back to the online video service for $200M in a transaction that values the company at $2B. Hulu is taking a loan to fund the acquisition, which leaves News Corp. (NWS), Comcast (CMCSA) and Disney (DIS) as the remaining owners. Separately, Hulu's CEO is poised to receive $40M. Comment! [Top Stories, M&A, Consumer, Tech]
Wednesday, October 3, 2012, 3:31 AM News Corp's (NWS) Fox and Time Warner's (TWX) Turner networks extend their contracts to televise Major League Baseball until 2021, with Bloomberg reporting that the broadcasters have agreed to pay a combined $6.8B. The contracts allow Fox and Turner to stream games live via the Internet to viewers who already subscribe to a pay TV service. Comment! [Consumer, Top Stories]
Friday, September 21, 2012, 5:24 AM News Corp. (NWS) is reportedly considering handing James Murdoch oversight of Fox Networks, which includes Fox broadcast network and cable networks, although not Fox News. The speculation comes after a U.K. regulator slammed Murdoch for his conduct in the phone-hacking scandal. "If his last name wasn't Murdoch he wouldn’t be considered for this position," says Needham analyst Laura Martin. Comment! [Consumer]
Thursday, September 20, 2012, 4:56 AM Following an investigation in the wake of the phone-hacking scandal, British media regulator Ofcom finds that News Corp. (NWS) affiliate BSkyB is "fit and proper to hold its broadcast licenses." However, Ofcom slams former Sky Chairman James Murdoch, who's now deputy COO at News Corp, saying that his behavior was "difficult to comprehend and ill-judged" and that he "repeatedly fell short" of his duties. (PR) Comment! [Tech, Consumer]
Monday, September 17, 2012, 10:53 AM News Corp. (NWSA +1%) says its chairman and chief executive of Fox Filmed Entertainment, Tom Rothman, is going to step down at year-end. Jim Gianopulos, Chairman and CEO of Twentieth Century Fox Film, will takeover the duties as head of the film unit. Comment! [On the Move]
Thursday, September 13, 2012, 1:30 PM News Corp. (NWS, NWSA) saw a flurry of hedge fund buying in Q2 with at least six different firms adding multi-million share positions. The leader of the pack, Highfields Capital, bought 37.365M shares. News Corp. trades 36% higher YTD as the company's growth potential has easily overshadowed its headline-grabbing scandals. Comment! [Consumer]
Tuesday, September 11, 2012, 4:39 AM Qatar Holdings says it's yet to decide on whether it will support Glencore's (GLCNF.PK) $36B offer for Xstrata (XSRAY.PK) despite an apparent rapprochement last week in which Glencore increased its offer. Reuters reports that Qatar, a key Xstrata shareholder, doesn't feel the need to immediately decide and could wait for a statement from the company's board on September 24. Comment! [Commodities, M&A, Top Stories]
Tuesday, September 11, 2012, 4:30 AM Amazon (AMZN) cuts prices on "a broad assortment" of HarperCollins e-books following a judge last week approving an antitrust settlement in which the News Corp. (NWS) unit and other major publishers agreed to end alleged price-fixing deals with Apple (AAPL). HarperCollins also reaches agreements with other e-retailers to lower prices. Comment! [Tech, Consumer]
Monday, September 10, 2012, 6:48 AM Twentieth Century Fox (NWSA, NWS) says it plans to distribute twelve CG animated films from DreamWorks (DWA) over the next four years. The pace of CG films from DreamWorks marks the fastest in the industry. Comment! [Consumer]