News Corp.'s fiscal fourth-quarter earnings jumped 27% on profit from the sale of assets, as well as higher operating earnings in its film, cable networks and newspaper units.
News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said Saturday
News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said Saturday.
Mort Zuckerman, owner of the New York Daily News, isn't going to let his archrival, News Corp.'s Rupert Murdoch snatch away Newsday without a fight. He's matched News Corp.'s offer to pay $580 million for Tribune Co.'s Long Island paper. The Zuckerman camp is also warning that Murdoch's pending deal with Tribune may not withstand regulatory scrutiny.
Jason Bazinet, a media analyst with Citigroup Global Markets, put it nicely in a research note Thursday: "Who, after all, wants to compete as a sub-scale player - with a less than complete set of Internet assets - in a world dominated by Google and Microhoo?"
Stocks rallied Wednesday after a surprisingly strong January retail sales report helped counter worries that a weakening consumer could send the already struggling economy into a recession.
News Corp. and Yahoo are in talks about combining MySpace and other News Corp.-owned online properties, according to a report in The Wall Street Journal Wednesday.
News Corp. is not considering a bid for Internet giant Yahoo, said CEO Rupert Murdoch during an earnings call with analysts Monday.
Stocks skidded at Tuesday's open after a report on nonmanufacturing activity pointed to a recession.
As Rupert Murdoch claims his hard-won prize The Wall Street Journal, his News Corporation conglomerate is planning an unprecedented newspaper advertising campaign that at least two newspapers that usually have little in common - the Financial Times and the China Daily - have so far declined to run.
News Corp.'s fiscal fourth-quarter earnings jumped 27% on profit from the sale of assets, as well as higher operating earnings in its film, cable networks and newspaper units.
News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said Saturday
News Corp., the media conglomerate controlled by Rupert Murdoch, has withdrawn its bid to purchase the Long Island daily paper Newsday, a News Corp. spokeswoman said Saturday.
Mort Zuckerman, owner of the New York Daily News, isn't going to let his archrival, News Corp.'s Rupert Murdoch snatch away Newsday without a fight. He's matched News Corp.'s offer to pay $580 million for Tribune Co.'s Long Island paper. The Zuckerman camp is also warning that Murdoch's pending deal with Tribune may not withstand regulatory scrutiny.
Jason Bazinet, a media analyst with Citigroup Global Markets, put it nicely in a research note Thursday: "Who, after all, wants to compete as a sub-scale player - with a less than complete set of Internet assets - in a world dominated by Google and Microhoo?"
Stocks rallied Wednesday after a surprisingly strong January retail sales report helped counter worries that a weakening consumer could send the already struggling economy into a recession.
News Corp. and Yahoo are in talks about combining MySpace and other News Corp.-owned online properties, according to a report in The Wall Street Journal Wednesday.
News Corp. is not considering a bid for Internet giant Yahoo, said CEO Rupert Murdoch during an earnings call with analysts Monday.
Stocks skidded at Tuesday's open after a report on nonmanufacturing activity pointed to a recession.
As Rupert Murdoch claims his hard-won prize The Wall Street Journal, his News Corporation conglomerate is planning an unprecedented newspaper advertising campaign that at least two newspapers that usually have little in common - the Financial Times and the China Daily - have so far declined to run.
Wall Street opens higher after stronger than expected November jobs report.
Two of Rupert Murdoch's senior hands in the viciously competitive British newspaper business will assume the top posts at Dow Jones and Company.
Stocks pointed to a higher open Friday after a key reading on the labor market came in better than expected, easing concerns that the economy is headed for a recession.
Rupert Murdoch is stepping down from his role as chairman of the British broadcaster BSkyB to make way for his son James, long seen as the tycoon's favored successor to take over his media empire.
Rupert Murdoch's takeover of Dow Jones, owner of the Wall Street Journal, has gotten OJ-like coverage by us business-news types. Yet here I am, writing about it yet another time. Why? Because I'm interested in one little-noticed detail - the way selected Dow Jones shareholders will be able to defer taxes on their gains by getting $60 a share worth of News Corp. stock rather than cash.
Readers of the The Sun, a British tabloid best known for its bare-breasted Page Three girls, opened their newspapers to see a young woman named Keeley Hazell wearing only green paint. Ms. Hazell is the face - well, not just the face - of the paper's campaign against global warming.
Rupert Murdoch's News Corp said Wednesday that fourth-quarter profit rose 4.5 percent on higher advertising sales and affiliate revenue from the Fox News Channel and on more new subscribers at the Sky Italia satellite TV service.
News Corp.'s acquisition of Dow Jones is the latest in a flurry of newspaper deals that have taken place over the past few years.
After three months of wrangling, News Corp., the media conglomerate run by Rupert Murdoch, has finally succeeded in its efforts to purchase Dow Jones in a deal the companies valued at $5.6 billion.
The boards of both Dow Jones & Co. and News Corp. have approved a $5 billion deal that would put The Wall Street Journal in the hands of media mogul Rupert Murdoch, the Journal reported in its online edition late Tuesday.
A powerful branch of the Bancroft family, which controls Dow Jones & Co. and the Wall Street Journal, is set to vote against selling the company to News Corp., according to a report Friday.
For months now, Rupert Murdoch's quest for Dow Jones has riveted the business world. But another juicy melodrama is unfolding at News Corp., one that may shed some light on how the $25 billion company sometimes does business.
The board of directors for Wall Street Journal publisher Dow Jones and Company has agreed to recommend to stockholders a $5 billion takeover bid by rival media firm News Corporation.
Dow Jones & Co. Inc. Chief Executive Richard Zannino tentatively agreed on Monday to a $5 billion takeover bid by News Corp., though the company's controlling Bancroft family remains divided on the deal, the Wall Street Journal reported.
Most News Corp. shareholders would probably have little complaint about how the enigmatic Rupert Murdoch has run the company for the past few years.
Wall Street looked set for an upbeat opening Monday as traders geared up for the beginning of the earnings reporting period.
Media stocks, unlike the broader market, have not had a great start to 2007.
Stock futures pointed to a slight recovery Tuesday but jitters about the housing sector could spark another day of volatile trading.
Stock futures pointed to a slight recovery Tuesday but jitters about the housing sector could spark another day of volatile trading.
Stocks moved higher after struggling earlier in the session as a sharp drop in the price of oil outweighs new home sales and consumer sentiment readings that missed expectations.
Weaker than expected new home sales reading and signs of flagging consumer confidence weighed on stocks Tuesday, as major gauges struggled to hold onto early gains.
Stocks snapped their two-day losing streak, moving modestly higher Tuesday as investors awaited the latest reading on new home sales in the United States.
Dow Jones & Co. Inc. and Rupert Murdoch's News Corp. are close to a pact that would protect the journalistic independence of The Wall Street Journal if News Corp. acquired the media company, according to newspaper reports Sunday.
The board of Dow Jones & Co. is assuming control of negotiations with Rupert Murdoch's News Corp. over the media conglomerate's unsolicited $5 billion offer to buy the company, which publishes The Wall Street Journal.
Cable television shows, unless they are the series finale of "The Sopranos," often don't generate the types of ratings that come anything close to what even the least-watched programs on the free broadcast networks get. But cable TV is actually among the hotter segments of the media business these days.
Media companies have been criticized by some on Wall Street and in Silicon Valley for being to slow to adapt to new competition, like the Internet.
News Corp. has made an unsolicited $5 billion bid to buy Dow Jones & Co. - an offer that could prove tough for the Bancroft family that controls the publisher of The Wall Street Journal to turn down, industry analysts said Tuesday.
Some TV critics are wondering if the continued success of Sanjaya Malakar, the woefully out of tune contestant on Fox's "American Idol," will be what finally causes ratings for the hit show to tank.
News Corp. shareholders were in for an unexpected surprise if they called the proxy agent's number listed on its latest filing.
Media giants News Corp. and NBC Universal announced Thursday that they will create an online video site that will rival the popular YouTube.
In a wide-ranging speech Thursday morning, News Corp. Chairman and Chief Executive Officer Rupert Murdoch discussed plans for a new cable business channel, the growth opportunities for social networking site MySpace, the 2008 presidential race and why he liked "Borat" so much.
So far, 2007 is looking an awfully lot like last year for major media companies.
Apple. TiVo. Cisco Systems.
These should be happy times for book publishers.
After a firestorm of criticism, News Corp. announced Monday that it is canceling publication of a book in which O.J. Simpson speaks in hypothetical terms about the 1994 murders of his ex-wife, Nicole, and her friend, Ron Goldman, along with a two-part TV special planned for later this month.
With apologies to the Buggles: it looks like video killed the dot-com media star.
News Corp. ranks no. 256 on FORTUNE's Global 500 this year, with $23.9 billion in revenues, up 14.7% from the previous year. The New York, New York-based company was ranked no. 282 on the 2005 list. Its 2005 profits were $2.1 billion, up 38.8% from a year earlier.
There are some things that Americans just don't get, even though the rest of the world does.
News Corp. Chairman and CEO Rupert Murdoch said Tuesday that his company has big plans for its popular social networking site MySpace.
When reports surfaced in September that News Corp. was in talks to swap its share of satellite operator DirecTV for Liberty Media's 19% voting stake in News Corp., you could almost hear Rupert Murd...
Rupert Murdoch, the 75-year-old head of News Corp., has added another youth-oriented brand to his media conglomerate.
Most media stocks have bounced back sharply this year after a brutal 2005 as investors began to realize that entertainment firms are positioning themselves for growth in the new world of digital media.
Mmmm, hmmm! That crow tastes pretty good. Yesterday I decided to get cute and say that Bernanke would hike rates one more time. Hey, I figured I had a 25 percent chance of looking like a genius. Yeah, right... Meanwhile, the Saudis and Mexicans saying they will make up oil shortfalls should be a tonic for the markets. Guess the Saudis DO have excess capacity.
Walt Disney and News Corp. are the Midases of media this year: Just about everything they've touched has turned to gold.
News Corp. shareholders learned how much revenue a closely watched Internet division would generate - if they were lucky enough to be invited to a meeting in Australia last week with Chief Executive Rupert Murdoch.
The media business is getting hit by massive technological change, and executives from top media companies said industry executives had better get used to it.
Shares of online media firms Google and Yahoo! have taken a hit this year. But traditional media outlets that are just starting to dip their ink-stained toes in cyberspace are benefiting from the latest round of Internet hype.
NEW YORK (CNNMoney.com) - This year has been a better one for big media stocks than 2005. Of course, that's not saying much.
NEW YORK (CNNMoney.com) - It may soon get easier for members of the MySpace generation to find a job.
As the wireless industry gathers this week in Las Vegas for the CTIA Wireless conference, opening this Wednesday, the mobile entertainment business is in the midst of a fundamental shift.
NEW YORK (CNNMoney.com) - Did you miss last week's episode of "Desperate Housewives" or "The Office?" You can buy them on iTunes for $1.99. Forget to record last week's "CSI" and "Survivor?" Go to Google Video.
News Corp. said after the market closed Thursday that the company swung to a first-quarter loss, reflecting the effects of an accounting change.
Prince Alwaleed bin Talal bin Abdul Aziz al Saud is the richest businessman in the Muslim world, worth upwards of $20 billion. He is also one of the biggest--and most successful--foreign investors ...
NEW YORK (CNN/Money) - Welcome to the Internet, Rupert Murdoch. What took you so long?
Stocks inched higher early Thursday as investors took in stride a weaker-than-expected read on retail sales and oil prices near new records.
News Corp., whose Fox News cable network is generally associated with conservative hosts and viewers, is turning to Democrats to battle a new television ratings system, according to a published report.
The adult children of media mogul Rupert Murdoch are reportedly in discussions to give their young half-siblings a share of the wealth from a family trust, but none of the control of the media conglomerate News Corp. that the trust now holds.
Media mogul Rupert Murdoch's News Corp. may be close to a deal with Time Warner Inc.'s cable division to carry a Fox News business channel that would rival General Electric's CNBC, according to a published report Monday.
If you didn't know better, chances are you wouldn't peg Britain--for years the land of the BBC and, let's face it, not much else--as one of the world's most exciting places to watch television. It ...
WHEN MOGULS DECIDE TO RETIRE, IT'S usually pretty simple. They announce their intentions, throw themselves a testimonial, and exit the stage. Not John Malone.
Rupert Murdoch clearly feels spooked by John Malone, the media entrepreneur that Ted Turner once described as "smarter than a tree full of owls."
The continued weakness of the dollar could drag on U.S. stocks when the markets begin the trading week Monday.
Global media group News Corporation will ask its shareholders to approve its move of domicile from Australia to the United States at a meeting in Adelaide on October 26.
Thursday will be a day of retail as the world's largest corporation posts its earnings, and economic data on sales is set for release.
Rupert Murdoch's News Corp. has moved a step closer to shifting from Australia to the United States and a deeper investor pool after its board approved its reincorporation plan.
Shares in media giant News Corp. are down sharply in Thursday trade after Standard & Poor's said the company could not simultaneously appear in both the main U.S. and Australian stock indices.
As the new president and CEO of DirecTV (formerly Hughes Electronics), Chase Carey is Rupert Murdoch's lieutenant overseeing News Corp.'s newest jewel. Once part of General Motors, the 12-million-s...
Global media group News Corp. will move its primary stock market listing from Australia to the United States, the company said Tuesday.
Global media group News Corp. has lifted second-quarter profit after a strong performance at its cable, newspaper and book publishing divisions.
Japanese stocks opened lower in early trading as investors grabbed profits on Honda Motor Co and other recent gainers after a swift rally in the past three sessions.
Who will be the next Murdoch to run News Corp.? Until recently the favorite to follow Rupert was 32-year-old Lachlan (he oversees the New York Post, HarperCollins, the Fox TV network, and the Aussi...
Seventy-one-year-old Rupert Murdoch permits himself a smile as he contemplates his future. The prize he has coveted for two decades, a satellite-TV platform in the U.S., finally appears to be withi...
The FCC rejected the $18 billion merger between EchoStar and Hughes, which would have created the country's largest pay-TV provider. Although the duo can revise their bid, this cracks the door open...
"Merger mania!" screamed media industry pundits and reporters after a flurry of activity in Washington, D.C., last month. That buzz was sort of right: Plenty of deals are going to happen, but many ...
These are tough times in show business. A weak economy has hit TV and print advertising, crimping sales at media and entertainment conglomerates. The result: Giants like Disney, AOL Time Warner and...
Call it a December storm. The FORTUNE e-50 lost another 12.2% in the three weeks ended Jan. 3, even with Greenspan's surprise rate cut on the last day of the cycle. WebMD stopped its 11-month slide...
Why Bill Gates Likes The View From Avista
Investment banker Herbert Allen's famed summer camp for media moguls wasn't the only high-powered gathering last summer in Sun Valley, Idaho. The week after Allen & Co. left town, 300 News Corp. ex...
All this spring along the Potomac, government lawyers and economists were trying to decide whether they should let News Corp. join forces with Time Warner and other cable operators to offer satelli...
Looking for clues to the interactive future? Stay tuned to Rupert Murdoch, chairman of News Corp. and Aussie scourge of the U.S. media. Not long after the Federal Communications Commission blessed ...
KIMERLY MONTOUR, 35 NEWS CORP. What does it take to go up against not only the big three networks' nightly television news but PBS, CNN, and all the others as well? Montour, vice president for news...
It's no secret: The party in junk bonds is over. Whacked by widespread selling, the return from junk fell to 4% last year. The new year has been no kinder. Rocked by the $3.8 billion default of Cam...
THINK OF Rupert Murdoch as the Magellan of the Information Age, splashing ashore on one continent after another. The natives laugh at him, they throw stones, and sometimes they give him gifts. The ...
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