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News Corporation (NWSA)

  • Apr. 24, 2013, 10:05 AM
    The buzz from Madison Avenue is that upfront pricing for TV ads will show their slowest gain since the economic downturn this year. Last year, broadcasters ABC (DIS), CBS (CBS), NBC (CMCSA) and Fox (NWS, NWSA) were able to realize ad rate increases of 5% to 9% - but a ratings slump and the emergence of online video alternatives is taking a bigger bite from demand in 2013.
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  • Apr. 22, 2013, 8:59 AM
    News Corp. (NWS, NWSA) says it reached a $139M settlement with shareholders over the actions of the board of directors in relation to the much-publicized phone hacking scandal and acquisition of Shine Group.
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  • Apr. 18, 2013, 11:16 AM
    Rentrak reports cable subscribers spend 40% more time watching free VOD content than they did a year ago. The development has big implications on ad dollars with media companies (CBS, CMCSA, NWS, NWSA, DIS) battling with advertisers on how to count viewers.
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  • Apr. 17, 2013, 3:36 PM
    Aereo took out a full page ad in The New York Times to pitch its case to the public that its large media companies are ganging up on it. Fox (NWS, NWSA), NBC (CMCSA -2%), ABC (DIS -0.3%), and CBS (CBS -1.6%) are united in their stance that the startup's retransmission of content violates copyright law, but an initial court ruling has gone against them. (Previous: Broadcasters consider the nuclear option)
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  • Apr. 16, 2013, 4:36 PM
    Channeling Jim Morrison? News Corp, (NWS, NWSA) changes the name of the planned spinoff of its media/entertainment unit from Fox Group to 21st Century Fox. Murdoch: "21st Century Fox is a name that draws upon the rich creative heritage of our film studio." (PR)
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  • Apr. 15, 2013, 6:15 AM
    The EU has approved Liberty Global's (LBTYA) $15.8B acquisition of Virgin Media (VMED), saying it doesn't have any competition concerns as the companies operate pay-TV networks in different European countries. The deal will pit Liberty against News Corp (NWS) satellite-TV affiliate BSkyB (BSYBY.PK), or John Malone against Rupert Murdoch. (PR)
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  • Apr. 12, 2013, 7:53 AM
    News Corp. (NWS, NWSA) is in talks to buy Big Talk Productions in the U.K. through its Shine Group unit. The acquisition would be Shine's first major move in the region since News Corp. purchased it over two years ago.
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  • Apr. 9, 2013, 3:38 PM
    International TV markets appear to be opening up to edgy U.S. cable shows, according to the buzz from an influential media conference in France. What to watch: Networks such as FX (NWS, NWSA), A&E (AMCX), and Showtime (CBS) with hit show this year could see demand rise to help put another nail in the coffin of the traditional broadcast landscape. (Previous: TV broadcasters vs. Aereo)
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  • Apr. 8, 2013, 2:04 PM
    The ace in the hole: News Corp. (NWS, NWSA) threatens to move the Fox channel to cable if Aereo isn't stopped by a judge from retransmitting shows through its innovative technology which appears to skirt around federal transmission laws. If CBS, ABC, and NBC followed suit it would mark the end of the traditional broadcasting model. (Aereo timeline)
  • Apr. 5, 2013, 6:56 PM
    Former News Corp. President Peter Chernin bid ~$500M for Hulu (DIS, NWS, CMCSA) after its owners began reaching out to prospective buyers, Reuters reports. The reported bid price is well below the $2B valuation Hulu is believed to have been given when Providence Equity sold its stake last year, and Reuters cautions it isn't clear if the owners are still considering a sale.
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  • Apr. 2, 2013, 6:34 PM
    Sources say News Corp. (NWSA) will attempt to sell a group of community newspapers it acquired when it purchased Dow Jones & Co. five and a half years ago. According to WSJ, the company has hired a New York-based investment bank to help it secure a deal for the papers by summer. 
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  • Apr. 1, 2013, 11:58 AM
    Online broadcast TV service Aereo scores a big legal win, as a U.S. appeals court rejects a bid from TV networks to declare Aereo guilty of copyright infringement. InterActiveCorp-funded (IACI) Aereo, which relies on thousands of antennas to transmit HD streams to subscribers, has broadcasters (CBS, NWS, DIS) up in arms thanks to its potential to undermine efforts to collect retransmission fees from pay-TV providers. The ruling comes as the WSJ reports Aereo has been talking with some of those pay-TV providers about distribution deals.
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  • Apr. 1, 2013, 9:45 AM
    News Corp. (NWS, NWSA) lands an upgrade to Outperform from Credit Suisse after being slotted at Neutral. The investment firm thinks the media giant will see higher cable growth and margin expansion.
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  • Mar. 28, 2013, 10:50 AM
    News Corp.-owned (NWS, NWSA) plans to launch a sister channel for FX this fall and move several channels to the new FXX network. FX President John Landgraf says an "incredibly ambitious ramp-up" of program development and production is underway with both networks targeted to be in 70M homes.
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  • 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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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.