News Corp

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News Corp., Regan Reach Settlement
News Corp., Regan Reach Settlement
Jan 25, 2008 4:07 PM CST

News Corp., Regan Reach Settlement

Axed publisher 'not anti-Semitic,' company says after ugly spat

(Newser) - Judith Regan's acrimonious $100-million wrongful-termination suit against News Corp. came to a close today, with the ex-publisher and media giant reaching an undisclosed settlement. If Gawker's estimates of $20 to $25 million are meaningful, Regan may indeed have outfoxed Fox, which initially offered her $6 million to go quietly. The...

Online Journal Readers Can't Put Wallets Away (Yet)

Murdoch lets decision slip at World Economic Forum

(Newser) - Puncturing the hopes of thrifty web surfers everywhere, the Wall Street Journal will continue to charge for much of its online content, at least for now. New owner Rupert Murdoch's apparently unplanned announcement at the World Economic Forum in Davos came after months of dithering over whether to keep access...

Is MySpace Murdoch's Top Investment?

Maybe, says Google CEO, as site rolls out initiatives in bid to remain in front

(Newser) - Two years after Rupert Murdoch’s News Corp. bought MySpace, and shortly after its two founders signed up for another couple of fabulously well-paid years at the helm, the site is expanding and evolving. Despite challenges (read: Facebook), MySpace represents an impressive return for Murdoch. “He may find that...

Next-Generation Media Moguls Aim High
Next-Generation Media Moguls Aim High
Jan 21, 2008 12:06 PM CST

Next-Generation Media Moguls Aim High

Murdoch Jr., Packer Jr. set sights on Oz's No. 2 conglomerate

(Newser) - The sons of two legendary Australian media moguls are joining forces in a $2.9 billion bid to take the country’s Consolidated Media Holdings private, The Australian reports. If the deal is approved, Lachlan Murdoch and James Packer will share the diverse media conglomerate 50-50, with Murdoch as the...

'Idol' Charges Record Ad Rates
'Idol' Charges Record Ad Rates
Jan 14, 2008 3:25 PM CST

'Idol' Charges Record Ad Rates

Writers strike wipes out the competition

(Newser) - "American Idol"—TV's undisputed ratings champ with its biggest competitors sidelined by the writers strike—is setting records for ad prices. "It's the biggest thing in a landscape where there aren't as many big things as there used to be,'' an ad buyer tells Bloomberg. The...

Forecast Sunny Indeed for Weather Channel Sale

Private cable channel could attract $5B from big industry name

(Newser) - Some big companies are taking an interest in the newly for-sale Weather Channel, one of the last privately owned cable channels. NBC, News Corporation and Comcast are rumored to be eying the popular source of meteorology one prospective buyer dubbed "beachfront property" on the basic-cable landscape. The channel could...

Widget Mania on the Rise
Widget Mania
on the Rise
Jan 2, 2008 9:26 PM CST

Widget Mania on the Rise

Tiny software apps boost site traffic and ad revenue

(Newser) - Since Facebook created an open platform for software developers last May, widgets have won the love of consumers, social networking sites, and even more traditional corporate websites, Forbes reports. Facebook users alone have installed the miniscule applications—allowing them to share music or have zombie fights—more than 765 million...

News Corp. to Sell 8 Fox Stations for $1.1B

Company unloads local operations to focus on larger markets

(Newser) - News Corp., shifting its focus to its larger, more profitable properties, will sell eight of its medium-market Fox network TV stations to investment firm Oak Hill Capital Partners for $1.1 billion. The sale will leave the media company, which acquired the Wall Street Journal and Dow Jones for $5....

DJ Formally Approves Sale to News Corp.

Deal expected to close today

(Newser) - Dow Jones shareholders formally approved the company’s $5.6 billion sale to Rupert Murdoch's News Corporation; the closing is expected later today. The outcome was clear before today’s meeting, but the vote’s margin had been uncertain, as many Bancroft shareholders—whose voting stake was 64.2%—have...

Murdoch Grooms Son to Succeed Him
Murdoch Grooms Son to Succeed Him
Dec 7, 2007 5:56 AM CST

Murdoch Grooms Son to Succeed Him

James to be promoted to head News Corp. in Europe and Asia

(Newser) - Rupert Murdoch's son James will be put in charge of News Corp. in Europe and Asia, making him heir apparent to his father's throne, sources tell Bloomberg. James has been in charge of pay-TV provider British Sky Broadcasting Group since 2003; during his tenure the company has more than doubled...

Dow Jones CEO Leaves Ahead of Murdoch Posse

News Corp. insider to move in; WSJ publisher expected to leave next

(Newser) - Dow Jones’ CEO resigned today, one week before News Corp. is expected to finalize its purchase of the Wall Street Journal publisher. Insiders say Richard Zannino’s replacement will be Rupert Murdoch confidant Les Hinton; the succession, to be announced tomorrow, is thought to be the first among many in...

News Corp Gets That New-Time Religion

Murdoch buys Beliefnet, the largest faith website in the US

(Newser) - Rupert Murdoch's News Corporation has inked an eight-figure deal to buy Beliefnet, the US' most popular religion website, as a platform to promote the company's religious books and programming, the Wall Street Journal reports. Details of the transaction weren't released, but the site will become a part of News Corp's...

Axed OJ Book Publisher Sues News Corp. for $100M

Says she was fired for dirt linked to Rudy

(Newser) - Axed publisher Judith Regan has filed a $100 million lawsuit against News Corp., charging the company made her the target of a smear campaign and fired her because she had information damaging to Rudy Giuliani's presidential campaign. "The smear campaign was necessary to advance News Corp.'s political agenda,...

Murdoch Axing Journal's Website Fees

Business daily's free site expected to attract more advertisers

(Newser) - Rupert Murdoch announced today that he intends to remove the Wall Street Journal's subscription-based system, making the entirety of the site free in a bid to attract enhanced ad revenues, the AP reports. WSJ.com is currently one of the few news sites successfully running a subscription model, with about...

FCC Chief Wants to Lift Cross-Ownership Rule

Says letting newspapers own TV stations in same market would aid flagging industry

(Newser) - After weeks of speculation, FCC chairman Kevin Martin came out  today in favor of relaxing a decades-old rule barring ownership of newspapers and TV stations in the same market. In a call to reporters and an op-ed piece in the New York Times, he said the change is needed to...

MySpace Aiming Ads at You and Only You

Site rolls out 'HyperTargeting,' but does it work?

(Newser) - MySpace is entering the second phase of its "HyperTargeting" advertising program, meant to use data from member profiles to match up users with the perfect online ads. But CNET blogger Caroline McCarthy became skeptical of how dead-on the targeting is when her profile offered her "a Christian dating...

Your First Friend Lied About His Age

MySpace's Tom is actually almost 37; did he fudge for kid cred?

(Newser) - He was your first friend. And now Tom Anderson, MySpace’s co-founder, is a liar, Newsweek reports. Tom's profile says he's 32, and he claims to have been 27 when he launched the social networking site. But public records reveal he'll be 37 next month. Could Tom have made the...

NBC's Zucker Snaps at Apple
NBC's Zucker Snaps at Apple
Oct 30, 2007 4:20 AM CDT

NBC's Zucker Snaps at Apple

Accuses iTunes of destroying music revenue

(Newser) - NBC chief Jeff Zucker has launched an extraordinary attack on Apple, accusing the digital download service iTunes of destroying revenue in the music industry, reports Apple Insider.com.  "Apple has destroyed the music business—in terms of pricing—and if we don’t take control, they’ll do...

Online Video Site Hulu Launches
Online Video Site Hulu Launches
Oct 29, 2007 8:39 AM CDT

Online Video Site Hulu Launches

NBC and News Corp. child will stream mainstream TV and movies

(Newser) - The beta version of Hulu, a new online video venture between NBC and News Corp., launches this week. Challenging YouTube, the service allows users to embed and share existing video, but won’t support user-generated content. Instead, Hulu will focus on distributing ad-supported versions of movies and 90 NBC and...

Journal Deal Raises Red Flag With FCC

Commission member asks if deal serves public interest

(Newser) - FCC commissioner Michael Copps would like to toss a monkey wrench into News Corp.’s Dow Jones takeover, Broadcasting & Cable reports. Copps, a Democrat, yesterday called for an inquiry to determine whether the deal suits the public interest and whether current rules sufficiently cover the situation. Chairman Kevin...

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