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News Corporation (NWSA)

  • Oct. 13, 2011, 8:24 PM
    The sale is off, say the content-focused owners of video hub Hulu - including NWS, DIS and CMCSA - because of its "unique and compelling strategic value" to each of them. Most bids from the likes of AMZN, DISH and GOOG didn't exceed the $2B owners thought they could get in an IPO last year, and new efforts like the $7.99/month Hulu Plus have them thinking there's value ahead. (previously on Hulu)
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  • Oct. 12, 2011, 4:38 PM
    Noting that a number of big blowups, such as Lehman and Bear Stearns, were "presaged by failing governance ratings," GMI Ratings offers its list of the 10 riskiest U.S. companies based on weak corporate governance, accounting red flags and high leverage: APOL, NWSA, DISCA, KWSW, SGMS, SD, CRK, EZPW, MDC, CMTL.
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  • Oct. 12, 2011, 3:49 PM
    Yesterday's resignation of Andrew Langhoff - the WSJ (NWS) European publishing chief - looks to have been prompted by The Guardian discovering the Journal had been misleading advertisers about circulation rates by buying thousands of copies of its own paper.
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  • Oct. 12, 2011, 12:21 PM
    The battle to shake up News Corp.'s (NWS +2.4%) board continues, as investors receive another recommendation, this time from advisory firm Egan-Jones, suggesting shareholders vote against four of its directors, including the sons of Rupert Murdoch.
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  • Oct. 11, 2011, 1:36 PM
    In response to a report criticizing News Corp.’s (NWSA -0.2%) board, the company releases a filing touting the company's financials and Rupert Murdoch, NYT reports. “Our CEO is critical to the value we create for our stockholders,” the company says; investors will get a chance to cast their vote at next week’s shareholder meeting.
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  • Oct. 10, 2011, 1:14 PM
    News Corp. (NWSA +3.8%) shareholders should vote against 13 of the company’s 15 directors, including CEO Rupert Murdoch and his sons, investor adviser ISS says, citing the phone-hacking scandal that “laid bare a striking lack of stewardship and failure of independence” of its board. News Corp. says it “strongly disagrees” with ISS.
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  • Oct. 10, 2011, 5:05 AM
    Alibaba is interested in buying the 40% held in the company by Yahoo (YHOO), and has held talks with Singaporean investment company Temasek about providing the financing, Bloomberg reports. Yahoo’s holding in Alibaba is worth an estimated $13B.
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  • Oct. 10, 2011, 4:52 AM
    Yahoo (YHOO) has withdrawn from the auction to buy Hulu as it focuses on its own problems, the WSJ reports. Those still in the running comprise Dish (DISH), Amazon (AMZN) and Google (GOOG), with the latter offering over $2B. However, Hulu's owners still may decide not to sell.
  • Oct. 8, 2011, 8:44 PM
    Markets sniff out weakness, and the relentless selling in financials may be no more than frontrunning John Paulson, whose Advantage Plus fund is reportedly off 47% through September's end. Redemptions - perhaps massive ones - are a possibility, meaning Paulson will have to unload financial shares, and others, he has been so fond of. One could do worse than picking a bottom in the XLF on the day he is forced to give up on the sector.
  • Oct. 3, 2011, 7:45 AM
    The Daily, an iPad-only (AAPL) newspaper launched by News Corp. (NWS, NWSA), is off to a slow start, seven months after launching, The Daily has only 80K paid subscribers, well below the 500K Rupert Murdoch said were needed for a viable business. The New York Times (NYT), meanwhile, has only 26.9K iPad-only subs out of a total iPad reader base of 135.6K.
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  • Sep. 27, 2011, 8:29 AM
    According to BI's sources, Dish Network (DISH) made the highest offer for Hulu during the first round of bidding for the company, at $1.9B. Google (GOOG), however, made an informal offer of $4B in exchange for more lucrative content licensing rights. Hulu's owners are reportedly now on the fence about selling the video site.
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  • Sep. 26, 2011, 9:21 AM
    Amazon (AMZN) has inked a licensing agreement with Fox (NWS) to stream the latter's movies and TV shows through its Prime Video service. The Fox deal follows similar agreements made with CBS and NBC Universal (CMCSA), and lifts the size of Amazon's streaming library to 11K titles, as it continues its efforts to build a legit rival to Netflix (NFLX).
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  • Sep. 23, 2011, 12:48 PM
    The NBA indefinitely postpones training camp and 43 preseason games, as the chance for a full-fledged regular season work stoppage (no ticket sales, less merchandising and limited advertising) increases. For firms with some revenue tied to the NBA - including MSG, DIS, CBS, CMCSA, NWSA, NKE, and BUD - is a stoppage already baked into their stock prices?
  • Sep. 22, 2011, 9:41 AM
    Hulu's CEO declares the company has over 1M subscribers to its Hulu Plus service, as the video site's owners wait for a new round of bids to arrive. However, this figure still puts Hulu well behind the 22M streaming subscribers claimed by Netflix (NFLX), which, unlike Hulu Plus, doesn't include ads in its streaming content.
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  • Sep. 19, 2011, 1:20 PM
    News Corp (NWSA -1.1%) will pay $4.7M to settle phone-hacking allegations in the Milly Dowler case, the WSJ reports. The murdered girls' phone was hacked by News of the World while she was missing in 2002. The family had sought about $5.6M.
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  • Sep. 19, 2011, 8:48 AM
    Though a new round of bids should arrive next week, Hulu's sale is reportedly in jeopardy, thanks to differences over the video site's selling price and content rights, as well as rumored bidder Yahoo's (YHOO) ongoing turmoil. Other parties believed to be courting Hulu include GOOG, AMZN, DTV, and DISH.
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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.