News Corp

  1. Business Matters: Twitter Shares Soar, But Is It All Hype — Or the Next Friendster?

    November 07, 2013 8:12 PM EST Twitter's debut on the New York Stock Exchange was so successful that "bubble" was a commonly heard word on Thursday. The closing price of $44.90, about even with the opening price of $45.10 but below the day's high of $50.9 ...

  2. 21st Century Fox Buys Stake In Vice Media

    August 16, 2013 6:36 PM EDT Vice Media has sold a five percent stake to TV and film company 21st Century Fox,  Financial Times reports . The $70 million deal, which is set to be formally announced Monday (Aug. 19), will be 21st Century Fox's first major investment sin ...

  3. Peermusic, Bug, Warner, Others Win $6.6 Million in LiveUniverse Lyrics Lawsuit

    October 11, 2012 4:51 PM EDT Michael Jackson once sang, "You can't win / You can't break even/ And you can't get out of the game." With that in mind, a group of music publishers including Peermusic, Bug Music and Warner Chappell Music has won $6.6 mil ...

  4. Business Matters: What Zynga's Troubles Mean for the Music Business

    July 26, 2012 6:35 PM EDT What Zynga's Troubles Mean for the Music Business -- Games have always provided an outlet for music, but opportunities can be short-lived. A year ago Zynga was going to be the future of entertainment and provide an avenue for music to be used ...

  5. UPDATE: SOPA Imploding, Facebook's Zuckerberg, House Speaker Boehner Add To Backlash

    January 18, 2012 2:30 PM EST UPDATE (3:43 p.m.): House Speaker John Boehner said the SOPA and PIPA bills were not ready to go to a vote in Congress, according to the Wall Street Journal , while the top Republican on the Senate Judiciary Committee, Orrin Hatch (Utah), released ...

  6. Morning Heds: Tom Freston's Billion $ Revenge, HMV Bidders, Western Union Goes Hip-Hop

    January 04, 2012 9:21 AM EST Tom Freston's $1 Billion Revenge: Ex-Viacom Chief Helps Vice Become the Next MTV Forbes After Sumner Redstone fired Tom Freston from MTV, he helped Vice buy out Viacom's stake for an undisclosed amount and joined Vice as an advisor, one ...

  7. News Corp's Sky News Deal Clears British Government

    June 30, 2011 7:29 AM EDT LONDON (Reuters) - News Corp secured British government backing for its buyout of BSkyB on Thursday after the minister responsible rejected complaints the move would give Rupert Murdoch too much power and influence. The Department of Media gave it ...

  8. Myspace In Final Buyout Talks With Bobby Kotick

    June 10, 2011 7:38 AM EDT An investor group including Activision Blizzard Chief Executive Officer Bobby Kotick is in final talks to take a controlling stake in News Corp's social network site Myspace, according to three people familiar with the matter. Kotick's i ...

  9. Hulu on Pace to Top 1 Million Subscribers

    April 05, 2011 11:46 AM EDT Internet video company Hulu is on track to nearly double its revenue to $500 million and bring its subscriber count to more than 1 million this year, its top executive wrote in a blog post on Monday. Hulu Chief Executive Officer Jason Kilar also s ...

  10. News Corp in Talks With Vevo on Myspace

    March 29, 2011 7:50 AM EDT News Corp has held talks to give control of Myspace to the music label-owned video site Vevo.com, but the likelihood of a deal being reached was slim, a person with knowledge of the talks said. News Corp in February kicked off the process to explo ...

  11. Myspace Sale Begins

    February 25, 2011 8:17 AM EST News Corp has kicked off the process to explore the sale or spin-off of its troubled social entertainment site, Myspace, a person familiar with the talks said on Thursday. The media conglomerate has received early interest from around 20 parties s ...

  12. MocoSpace to Buy Myspace? Don't Count on It

    February 07, 2011 1:40 PM EST When a once-mighty, once-popular company like Myspace falls from grace and winds up on the seller's block, it's going to become big news. And with big news comes no shortage people and companies that want to piggyback on that big news fo ...

  13. Interest In News Corp.'s Myspace Sale High

    February 04, 2011 3:15 PM EST News Corp has tapped Allen & Co to field buyout interest for MySpace and has heard from about 50 parties, people familiar with the process told Reuters on Friday. The global media conglomerate is considering a handful of options for the future ...

  14. Comcast - NBC Universal Merge, Create $30 Billion Media Behemoth

    January 30, 2011 9:52 AM EST Comcast Corp has completed its takeover of NBC Universal, creating a $30 billion media behemoth that controls not just how television shows and movies are made but how they are delivered to people's homes. In a statement on Saturday, Comcast ...

  15. Rupert Murdoch and Steve Jobs to Unveil iPad-Only Newspaper Next Week?

    January 11, 2011 12:00 AM EST News Corp CEO Rupert Murdoch and Apple head Steve Jobs will reportedly appear onstage together next week to unveil The Daily, the much anticipated iPad-only newspaper. According to a report on Yahoo's The Cutline blog , the two CEOs will laun ...

  16. Business Matters: SoundHound's Free Unlimited Usage Opens Music I.D. App Floodgates

    December 23, 2010 12:00 AM EST Music Identification App SoundHound Now Offering Free Unlimited Usage -- The race to identify the world's music is heating up. The free SoundHound music ID app now offers an unlimited number of music IDs. Previously free users were limited to ...

  17. Comcast/NBC Universal Deal Delayed, Still Awaiting FCC & DOJ Approval

    December 22, 2010 12:00 AM EST Comcast Corp's NBC Universal purchase will be delayed until at least next month, with federal regulators taking longer than the companies had hoped to sort through the deal. NBC Universal Chief Executive Jeff Zucker, who will leave the compan ...

  18. Business Matters: Will Apple and Google Bid on EMI?

    December 22, 2010 12:00 AM EST Will Apple and Google Bid on EMI? -- Now that Citigroup's takeover of EMI seems to be a near certainty, it's time for the pundits to ponder possible acquirers. If history offers any lesson it is that Apple and Google will be frequently c ...

  19. News Corp Weighs MySpace Options

    November 30, 2010 12:00 AM EST News Corp is open to a sale of beleaguered MySpace after a relaunch of the social network as an entertainment site, COO Chase Carey told Reuters. A successful revamp of MySpace -- still visited by around 60 million people in October, according to ...

  20. Yahoo Says Report Of 20% In Layoffs 'Misleading'

    November 12, 2010 12:00 AM EST Yahoo Inc called a media report it was planning to cut one-fifth of its workforce "misleading and inaccurate," but the Web portal stopped short of ruling out any layoffs. Yahoo, which is trying to revive revenue growth amid competition f ...

  21. AOL Hires Advisers For Options As Eyes Yahoo: Report

    November 08, 2010 12:00 AM EST AOL Inc is exploring strategic options, which include a possible tie-up with Yahoo Inc, and has retained financial advisers to do so, the Wall Street Journal reported on Sunday (Nov. 7), citing unnamed sources. A source close to Yahoo told Reuters ...

  22. Court Strikes Down FCC Indecency Policy

    July 13, 2010 12:00 AM EDT The Federal Communications Commission's indecency policy is unconstitutionally vague and could create a chilling effect beyond "fleeting expletives" heard on broadcasts, an appeals court ruled on Tuesday in a major win for broadcast ...

  23. Business Matters: New York Times, MXP4, News Corp., Martina McBride and More

    April 22, 2010 12:00 AM EDT -- The New York Times Co., owners of The New York Times and Boston Globe , posted a profit in Q1 2010. The company posted a profit of $12.8 million on revenue of $588 million. National advertising improved. Online revenues grew 15.5% to $90.4 mill ...

  24. AOL Says To Sell Or Shut Down Bebo In 2010

    April 07, 2010 12:00 AM EDT AOL Inc plans to find a buyer for its social networking site Bebo, for which it paid $850 million in 2008, or shut it down. The level of competition in social networking makes it difficult for the company to fight larger players such as Facebook a ...

  25. MySpace Readies Site Overhaul To Rekindle Growth

    March 10, 2010 12:00 AM EST With shrinking audiences, deep layoffs and two management shake-ups, MySpace, the one-time leader in Internet social networking, has had a rocky year. Mike Jones, who took over as co-president last month with Jason Hirschhorn, said that even withi ...

  26. BBC 'To Axe 6 Music'

    February 26, 2010 12:00 AM EST The BBC is reportedly planning to axe modern rock digital radio station 6 Music as part of the corporation's strategic review of digital services. The Times reports on its front page that BBC director-general Mark Thompson will close BBC 6 Mu ...

  27. Google Revamps Search With Real-Time Results

    December 08, 2009 12:00 AM EST Google Inc has revamped its search engine to allow results to be refreshed with up-to-the-second data increasingly churned out by the new crop of real-time Web products. The move to integrate real-time search results directly into Google's fl ...

  28. Simon Cowell To Launch Global 'X-Factor' In Vegas

    December 02, 2009 12:00 AM EST British TV and record producer Simon Cowell is planning to bring his "The X Factor" talent show to Las Vegas in a global pay-per-view Internet venture. Cowell (50), best-known in the United States as an acerbic judge on America's to ...

  29. Google, Major Labels Partner On Music Search

    October 21, 2009 12:00 AM EDT Google Inc is partnering with major music labels to launch a new feature to make it easier for music fans to discover, sample and buy songs on the search engine, according to two people familiar with the plan. The new feature will be facilitated b ...

  30. Merlin Disenchanted With MySpace Down Under

    October 05, 2009 12:00 AM EDT The independent music community's digital rights agency Merlin has slammed what it calls the "downright arrogant" approach of MySpace Music for launching in Australia without a licensing deal covering its members. News Corp's M ...

  31. MySpace Music Launches Down Under

    October 01, 2009 12:00 AM EDT MySpace Music has arrived down under. News Corp has flicked the switch on its digital music platform in Australia and New Zealand, in what the media giant anticipates will be a global roll out. The social music service is a music-lover's one- ...

  32. London Paper Cancels 'Headliners' Fest Ahead Of Closure

    September 09, 2009 12:00 AM EDT News Corp's News International, owner of the London Paper, has announced the cancellation of its new Headliners event in light of the free weekday paper's imminent closure. The new event, set for Sept. 16 and 17, was to feature over 50 a ...

  33. Music Label Video Site Vevo In Talks With CBS, NBC

    September 01, 2009 12:00 AM EDT Vevo, an online music video start-up backed by two major music labels and supported by YouTube's technology platform, is in talks with CBS Corp and NBC to license and develop shows for the Web, according to two people familiar with the talks. ...

  34. London Paper Fest Set To Go Ahead

    August 20, 2009 12:00 AM EDT U.K. venue operator Mama Group still intends to stage a new two-day festival with the London Paper, after News Corp announced that the free daily was closing. News Corp's News International division publishes the title, which launched three y ...

  35. News Corp Sees MySpace As Place For Videogames

    July 24, 2009 12:00 AM EDT News Corp hopes to transform MySpace, which has been losing users to Facebook, into a stronger online videogaming platform as it works to reposition the six-year-old site as an entertainment destination. News Corp digital head Jonathan Miller said ...

  36. News Corp Won't Buy Twitter

    July 09, 2009 12:00 AM EDT News Corp is not interested in buying popular microblogging site Twitter and will not sell its struggling social network MySpace, said the media conglomerate's chief executive, Rupert Murdoch. Murdoch, who arrived on Wednesday (July 9) at the ...

  37. Univision Amends Debt To Buy Time, Liquidity: Exec

    June 12, 2009 12:00 AM EDT A top Univision Communications executive on Thursday said the Spanish-language broadcaster amended its senior credit facility to buy time for the U.S. advertising market to recover, and added that the slide in ad sales appeared to be over for now. ...

  38. Hulu Moves To Loop In More Live Programming

    May 21, 2009 12:00 AM EDT Hulu—the home of a growing library of on-demand TV programming-- is expanding into more live content. The site, a joint venture between News Corp, NBC Universal and most recently Disney, will on June 1 stream a live Dave Mathews Band concert from ...

  39. Business Briefs: Last.fm, Rupert Murdoch, Live Nation

    May 07, 2009 12:00 AM EDT -- This does not mean that people aren't going to discover and then purchase songs at sites like MySpace or Imeem , but this study on grocery shoppers' unplanned purchases may make you rethink how many of those affiliate sales were actua ...

  40. Yahoo Looks Outside Walls With New Music Service

    April 06, 2009 12:00 AM EDT Yahoo is partnering with other online music providers as the Internet giant tries a fresh approach to getting an edge in the evolving digital music business. The new version of Yahoo Music, unveiled on Monday, aggregates paid and free music servic ...

  41. MySpace COO, Two Other Execs Leaving For New Venture

    March 04, 2009 12:00 AM EST Three top MySpace executives, including COO Amit Kapur, are leaving News Corp's online social network to start a new venture, the company said on Tuesday (March 3). MySpace said Kapur was leaving along with Jim Benedetto, SVP of engineering, ...

  42. News Corp President Chernin Leaving

    February 24, 2009 12:00 AM EST News Corp president and COO Peter Chernin will leave after 12 years on the job, depriving the media conglomerate of its second-highest ranking executive as it deals with a severe decline in advertising revenue. Chernin, 57, is a well-regarded Holl ...

  43. News Corp Posts Steep Loss On Writedown

    February 06, 2009 12:00 AM EST Rupert Murdoch's News Corp posted its biggest ever quarterly net loss, after taking an $8.4 billion writedown for the value of its Dow Jones acquisition, broadcasting licenses and other assets. Excluding the charge, the results missed Wall St ...

  44. Digital Briefs: Hulu Partnership, RIAA Appeal, WMG/YouTube

    December 29, 2008 12:00 AM EST - There's more talk of the major labels creating a single online music video spot. According to the Financial Times , plans under discussion include "a partnership with Hulu, the online television and film joint venture between News Corp ...

  45. MySpace Delivers Video To Mobiles

    December 03, 2008 12:00 AM EST MySpace users with mobile phones are about to find out if they can walk and watch TV at the same time. On Wednesday (Dec. 3), News Corp's online social network will make video clips from its members' pages available for viewing on mobile ...

  46. Start-ups Knock On MySpace's Door

    December 02, 2008 12:00 AM EST MySpace, the online social network owned by News Corp, sees opportunities to buy start-ups for a fraction of what they would have cost six months ago as the economic slump slices millions of dollars off their price tags. MySpace Co-founder and Chi ...

  47. Yahoo Searches For New CEO

    November 18, 2008 12:00 AM EST Yahoo Inc said Jerry Yang will step down as chief executive as soon as the board finds a replacement, sending its shares up 4% on hopes his departure will clear the way for a deal with Microsoft. Yang -- who will return to his former role focusing ...

  48. MySpace To Develop Digital Music Player?

    November 07, 2008 12:00 AM EST MySpace, the popular online social network owned by Rupert Murdoch's News Corp, could develop a digital music player in the future, pitting it against Apple Inc's hot-selling iPod. But there are no immediate plans to make or sell such a ...

  49. MySpace Music To Start With Major Ad Sponsors

    September 15, 2008 12:00 AM EDT News Corp's MySpace, the world's largest social networking site, said on Sunday its long-expected MySpace Music joint venture with three major music labels will launch with four major sponsors underwriting the costs of streaming free mus ...

  50. AOL To Buy Bebo Social Network

    March 13, 2008 12:00 AM EDT Time Warner Inc's AOL Internet division said on Thursday it will buy social network Bebo for $850 million in cash, bolstering its consumer Internet offerings even as the media conglomerate mulls splitting off the business. Bebo, which claims ...

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