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News Corporation (NWSA)

  • 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. 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. 15, 2013, 7:05 PM
    Morgan Stanley selects 20 stocks for the long term, based on "competitive advantages, business model, pricing power, cost efficiency and growth": AMZN, AMT, BLK, CPN, CP, CVX, COST, EL, GILD, HON, JPM, LTD, MON, NWSA, PM, RPM, SBUX, SYMC, TMO, WMB.
  • 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, 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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  • Mar. 5, 2013, 3:20 PM
    More on Fox Sports 1 network (previous): A launch date for the new all-sports network is strategically set for August 17. News Corp. (NWS, NWSA) anticipates taking losses as it builds up enough clout and subscribers to charge a higher carriage fee. Initially, the sports venture will earn about $1 per pay-TV subscriber, almost triple what the network its replacing - Speed -earns but falling well-short of the impressive $5.13 per subscriber ESPN lands.
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  • Mar. 2, 2013, 8:28 AM
    News Corp (NWS, NWSA) and Disney (DIS) are reportedly in talks which may end with one buying the other's stake in Hulu. The discussions stem from Disney's preference for an advertising-focused business model vs. News Corp.'s desire to rely on subscriptions. Comcast (CMCSA) also owns about one-third of Hulu, but is barred from an operational role or voting its stake.
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  • Feb. 24, 2013, 3:44 AM
    The New York Times (NYT) reportedly received a bid last month of over $100M for the Boston Globe from Rick Daniels, a former president at the newspaper, and P-E firm Boston Post Partners. The sides have been in talks for a year, but the NYT has opened up the process in order to avoid investor lawsuits. The hope is to attract a bid from News Corp (NWS).
  • Feb. 18, 2013, 5:24 AM
    A long-running SEC investigation into possible corruption by U.S. movie studios in China is casting a shadow over Hollywood's dealings in the country, especially as there hasn't been too much information on the inquiry's progress. At the same time, Chinese consumers have started to prefer home-grown blockbusters over Hollywood fare. Still, the show goes on, with "Kung Fu Panda 3" and "Iron Man 3" among the projects that use China for filming.
  • Feb. 17, 2013, 4:43 AM
    So often a source of scoops and tech gossip, AllThingsD is itself the subject of a Reuters report about its future, with the newswire saying that talks have begun with owner News Corp (NWS) over a contract that expires at the end of the year. AllThingsD could stay under News Corp's umbrella despite an amicable but stressed relationship, or it could be sold. The blog has apparently received lots of interest, including from Conde Nast and Guggenheim Digital Media.
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  • Feb. 12, 2013, 10:40 AM
    A new distribution deal between News Corp (NWS, NWSA) and Comcast (CMCSA -0.1%) will see Fox's programming make its way to computers, smartphones, and tablets on top of traditional cable outlets. Customers of Comcast's Xfinity service will be able to watch Fox shows the day after they originally air on their devices.
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  • Feb. 8, 2013, 2:30 PM
    News Corp (NWS, NWSA) plans to schedule an upfront presentation to advertisers in early March for its new national sports channels. Though the new channels aren't expected to present a serious threat in the initial stages to ESPN and its beefy ad rates, things will get more interesting when key sports rights contracts are up for bidding.
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  • Feb. 7, 2013, 12:45 PM
    News Corp (NWS, NWSA) cuts its profit outlook for the current fiscal year with results at the Fox business network, the Sky Italia TV network, and with Australian newspapers expected to be lower than originally forecast. The company sees profit rising at a mid-to-high single digit rate, below its prior forecast of high-single-digit to low-double-digit percentage growth rate. During the earnings call (transcript), execs said a spinoff of publishing and education divisions should be completed before the end of the fiscal year.
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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.