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News Corporation (NWSA)

  • Jan. 10, 2012, 3:54 PM
    The owners of The New Republic have retained Blackstone (BX) to explore a possible sale of the publication. Among those that may have interest are Bloomberg and News Corp. (NWSA) - that would make a few heads explode. The magazine currently loses money and the deal would be a small one, likely less than $20M.
    | Jan. 10, 2012, 3:54 PM | 1 Comment
  • Jan. 9, 2012, 5:25 PM
    A deal between Google (GOOG) and cable operator Cox to add the latter's unsold ad inventory into a national pool sold by Google increases the reach of Google's TV ad network to 42M households. Jim Edwards thinks Google's TV ad efforts have the potential to disrupt the industry's inefficient, cartel-like structure, which serves to artificially inflate the ad rates charged by major TV networks.
    | Jan. 9, 2012, 5:25 PM | 1 Comment
  • Jan. 9, 2012, 4:14 PM
    In what could be a sign of things to come, Fox (NWS, NWSA) is trying its hand at a unique content-development strategy that links the online and broadcast video realms. Fox will develop at least 50 pieces of animated content per year for streaming on its sites, and will promote the most successful series' to a block of shows airing on its TV network on Saturday nights.
    | Jan. 9, 2012, 4:14 PM | 2 Comments
  • Dec. 29, 2011, 3:10 PM
    News Corp. (NWSA +1.9%) advances after RBC upgrades the stock to Top Pick, saying it offers the best combination among big media firms of "operating momentum, return of capital potential, company-specific catalysts and reasonable valuation" in 2012. RBC cites the potential of $15B in dividends and stock buybacks, ratings growth at FX and a syndication deal if The Simpsons ends its long run.
    | Dec. 29, 2011, 3:10 PM | Comment!
  • Dec. 23, 2011, 9:02 AM
    If Popular Science's iPad subscription trends are any sign, the introduction of Apple's (AAPL) Newsstand feature is proving a boon for publishers: subscriptions spiked soon after Newsstand was rolled out, and have continued growing at an elevated pace since then. The New York Times (NYT), News Corp. (NWS, NWSA), and many others are banking on tablet subscriptions to offset declining print sales.
    | Dec. 23, 2011, 9:02 AM | Comment!
  • Dec. 23, 2011, 5:52 AM
    The FCC wants to ease the limits on the ability of firms to own a newspaper and a TV or radio station in the same local markets. Commissioner Robert McDowell says the the rule is anachronistic given that people increasingly get news on the Internet. The change could benefit the likes of News Corp. (NWS) and Tribune Co.
    | Dec. 23, 2011, 5:52 AM | 2 Comments
  • Dec. 14, 2011, 4:37 PM
    The National Football League announces new nine-year broadcast rights agreements running through the 2022 season with each of the TV networks currently carrying its games - CBS, NBC (CMCSA) and Fox (NWSA). Financial terms were not disclosed, but the NFL reportedly expected to earn $3.2B/year from new deals, a 60% increase from its current take.
    | Dec. 14, 2011, 4:37 PM | 1 Comment
  • Dec. 14, 2011, 8:49 AM
    Amazon (AMZN) is reportedly in talks with Sony (SNE), Warner Bros (TWX) and other movie studios to rejoin UltraViolet, their service that lets consumers store films online and play them on any device. A deal would enable Amazon to increase content for the Kindle Fire and help the studios speed adoption of UltraViolet.
    | Dec. 14, 2011, 8:49 AM | 3 Comments
  • Dec. 6, 2011, 10:55 AM
    The National Football League is close to signing eight-year extensions of deals with Fox (NWSA), NBC (CMCSA) and CBS that should amass ~$3.2B/year from its broadcast partners, a 60% increase over its prior contract, WSJ reports. Adding other deals with ESPN (DIS) and DirecTV (DTV), the NFL can expect to lock in total average annual media fees of ~$6B.
    | Dec. 6, 2011, 10:55 AM | Comment!
  • Nov. 29, 2011, 10:01 AM
    James Murdoch is re-elected as Chairman of U.K. satellite provider BSkyB (BSYBY.PK), although over a third of independent shareholders withhold their support for him.
    | Nov. 29, 2011, 10:01 AM | Comment!
  • Nov. 23, 2011, 8:47 AM
    James Murdoch quits as a director of the companies that publish U.K. newspapers The Times, The Sunday Times and The Sun (NWSA). The resignations come as Murdoch faces calls to step down as Chairman of BSkyB (BSYBY.PK) at next week's annual meeting.
    | Nov. 23, 2011, 8:47 AM | Comment!
  • Nov. 10, 2011, 9:29 AM
    News Corp.'s (NWS) James Murdoch partially retreats from testimony he gave in July, acknowledging he was made aware in 2008 of a key email containing hacked voice mails. Murdoch denies that he had been misleading in his testimony, but says other former News Corp. employees had misled the committee in their own appearances.
    | Nov. 10, 2011, 9:29 AM | Comment!
  • Nov. 9, 2011, 11:22 AM
    News Corp. (NWS -2.2%) announces a major reorganization of senior management at its Australian unit, with longtime chairman and CEO John Hartigan stepping down without explanation. Hartigan's defense of the company in the wake of the U.K. phone hacking scandal may not have been enough to appease Australian lawmakers.
    | Nov. 9, 2011, 11:22 AM | 1 Comment
  • Nov. 2, 2011, 4:14 PM
    News Corp. (NWS): FQ1 EPS of $0.32 beats by $0.03. Revenue of $7.96B (+7% Y/Y) beats by $300M. Results exclude some pretax charges, including some related to restructuring the U.K. newspaper business, of about $0.04/share. After hours: NWS +1.7%, NWSA +1.8%. (PR)
    | Nov. 2, 2011, 4:14 PM | Comment!
  • Nov. 2, 2011, 3:02 PM
    Bloomberg reports News Corp's (NWS +1%) Fox Sports is considering a bid to purchase the bankrupt L.A. Dodgers. An inside source sums up a possible motive: "If it comes down to paying $3 billion for telecast rights or $1 billion for the team, the math may mean you buy the team."
    | Nov. 2, 2011, 3:02 PM | 1 Comment
  • Nov. 2, 2011, 12:10 AM
    | Nov. 2, 2011, 12:10 AM | Comment!
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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.