News Corp. Shareholders Sue Over Scandal

A group of institutional investors sued News Corp. on Monday, alleging rampant nepotism and failed corporate governance at the company in the ongoing British phone hacking scandal.

BSkyB Shares Slide On News Corp. Doubts

The pressure on News Corp.’s boss Rupert Murdoch ratcheted up Monday after deputy Prime Minister Nick Clegg urged him to “do the decent and sensible thing” and reconsider News Corp.’s bid for BSkyB.

Police Think News Corp. Exec Deleted Emails

British police are investigating evidence that a News International executive may have deleted millions of emails from an internal archive, in an apparent attempt to obstruct Scotland Yard’s inquiry into the phone-hacking scandal.

Scandal Stalls Murdoch’s BSkyB Takeover

In what could be a major blow to Rupert Murdoch’s $14 billion plan to buy U.K. satellilte company BSkyB, the British government said today that it has pushed back its review of the deal while it sorts through the implications of the News Of The World phone hacking scandal.

Will TW, Disney, News Corp. Try For AMC?

The cable network could command as much as $3 billion if big buyers come calling, making it the most expensive American media takeover in five years.

News Corp. Hacking Fallout Spreads To U.S.

The repercussions from the News Corp. phone hacking scandal are spreading to the U.S., where some ad buyers are getting twitchy. The scandal has buyers trying to reconcile the outrageousness of the charges surrounding Rupert Murdoch’s News of the World U.K. tabloid with News Corp.’s significant U.S. footprint, which includes Fox News as well as the straightlaced Wall Street Journal. Some said that while they haven’t suspended advertising in News Corp.’s U.S. properties, they’re growing wary about doing business with the media giant.

Murdoch’s Journalism Style Under Pressure

Line-skirting has always been part of doing business for Rupert Murdoch, but the widening voice-mail hacking scandal at the British tabloid News of the World threatens to stain the company’s image in a way that other embarrassing incidents at News Corp.’s far-flung media properties — which also include the Fox networks and the New York Post — have not.

News Corp. Stock Falls Amid Hacking Scandal

Shares of News Corp., Rupert Murdoch’s media conglomerate, fell today in the midst of the exploding News of the World phone hacking scandal. News Corp. stock was down as much as 5% Wednesday afternoon, falling as low as $17.17 after closing at $18.54 on Tuesday.

News Corp. Sells MySpace For $35 Million

MySpace, the long-suffering website that the News Corp. bought six years ago for $580 million, was sold Wednesday to the advertising network Specific Media for roughly $35 million.

News Corp. To Sell MySpace This Week

The company hasn’t selected from among several buyers yet, according to a person, who was not authorized to comment publicly and spoke on condition of anonymity. At least three bidders are still in the running — Specific Media, Golden Gate Capital and Austin Ventures. News Corp. is likely to lay off more than half of the MySpace staff to get the deal done.


Why The Studios Might Sell Hulu

Despite Hulu’s success as a streamer of premium content, insiders and analysts aren’t surprised that Disney, News Corp. and NBCUniversal are at least considering selling their stakes in the asset.


Fox Cable Revs Spike, NFL Propels Broadcast

In line with other major media companies, Rupert Murdoch’s News Corp. witnessed big advertising growth recently from its TV businesses during its fiscal second-quarter period. U.S. advertising revenues gained 12% during the period, while News Corp.’s international cable networks climbed 27%.


News Corp. Profit Falls, Below Street

A boost from the Super Bowl, broadcast by the company’s Fox network this year, wasn’t enough to offset declines at its movie studio, even though the football game ranked as the most-watched TV program in U.S. history. The company’s cable TV channels such as Fox News Channel continued to shine. Domestic ad revenue grew 14%. The company also got more money from pay-TV providers such as DirecTV for retrans rights.

Fox, TWC At Odds Over iPad App

News Corp. and Time Warner Cable are trading blows again. This time it’s over an iPad app Time Warner Cable launched this month that allows its subscribers to watch live television in their homes on the Apple device. News Corp., parent of several cable networks including FX, sent a letter to Time Warner Cable telling the pay TV distributor to stop streaming its channels on the iPad, representatives of both companies confirmed.

Murdoch’s Son Now News Corp. Deputy COO

James Murdoch has moved one step closer to the top spot at News Corp., the media giant run by his father, Rupert Murdoch. Early this morning, News Corp. named the younger Murdoch deputy chief operating officer of the company and chairman-CEO of its international operations. He will continue to report to Chase Carey, News Corp.’s deputy chairman and president.

News Corp. COO Carey Plays Hardball

Murdoch Sued Over Deal For Daughter’s Co.

News Corp. shareholders Amalgamated Bank and the Central Laborers Pension Fund filed suit against Rupert Murdoch and his company Wednesday, claiming that a deal to purchase Elisabeth Murdoch’s production company for $675 million is driven by nepotism and not the interests of investors.

Carey: FNC Seeks ‘Significant’ Increases

News Corp. COO Chase Carey told an investor conference Monday that the media giant is expecting hefty carriage fee increases for its flagship Fox News Channel as it enters into renewal negotiations with distributors this year.

Records Say Ailes Told Employee To Lie

Fox News Chairman Roger Ailes was the executive who former HarperCollins exec Judith Regan said encouraged her to lie to investigators, affidavits indicate.

News Corp. To Buy Shine Group For $673M

The British television production company founded by News Corp. chief’ Rupert Murdoch’s daughter Elisabeth, is being purchased by her father’s company for £415 million ($673.3 million).

James, The Murdoch In Waiting

James Murdoch, a possible successor to his father, Rupert, could soon be responsible for about half of the News Corporation.

Murdoch Soon To Buy Daughter’s Company

News Corp. is reportedly in the final days of discussion about acquiring Shine Group, the independent television production company—now one of the largest in the world—42-year-old Elisabeth Murdoch founded after she left News Corp. during a spat with her father more than a decade ago.


News Corp. TV Revenue Up 20%

The additional $121 million in revenue was driven by a stronger overall local advertising market, particularly in the automotive and financial sectors, as well as increased levels of political advertising.

First Look At News Corp.’s ‘The Daily’

Rupert Murdoch today unveiled The Daily, a news app that he hoped would put his News Corp. front and center in the digital newsstand of the near future. “New times demand new journalism,” he said.

News Corp. To Unveil iPad-Only Paper Next Week

LOS ANGELES (AP) — News Corp. is now set to unveil the world’s first iPad-only newspaper, The Daily, in New York next Wednesday. CEO Rupert Murdoch will take the wraps off the tablet publication at the Guggenheim Museum. He will appear with Apple Inc.’s vice president of Internet services, Eddy Cue. The company sent out […]

Rupert Murdoch Working On Family Reunion

The mogul is trying to bring daughter Elisabeth back to News Corp. with a deal to purchase her production company, Shine Group. Here’s a look at Rupert’s “master plan” for keeping the media empire in the family.

News Corp. Raises Prospect Of Sky News Spin-Off

News Corp. Set To Debut Digital Newspaper

News Corp. will launch its long-anticipated digital newspaper for tablet devices on Jan. 19 at a joint news event attended by Chairman Rupert Murdoch and Apple Inc Chief Executive Steve Jobs, according to a person with knowledge of the plan.

News Corp. Adding Two To D.C. Lobby Ranks

Kathy Ramsey of The Fritts Group and Kristopher Jones of the NAB will join the Fox parent’s Washington office this month.

News Corp. Sells Its Fox Mobile To Investor Group


TWC-Fox Deal Changes Retrans

Retransmission consent negotiations may never be the same. A deal struck last January between Time Warner Cable and News Corp. included a precedent-setting condition to allow TWC to carry Fox’s network programming if retransmission negotiations with Fox affiliates break down. Many TV execs likened Fox’s move to throwing its non-owned Fox affiliates under the bus.


News Corp.’s Carey Defends Retrans Hikes

Just weeks after News Corp. and Cablevision agreed to terms after a bitter negotiation over program retransmission fees that cut the cable company’s subscribers off from the NFL, the World Series, Glee and other Fox network fare, News Corp. COO Chase Carey set the stage for significantly higher payments from cable operators in the future.

Carey Blames Govt. For Retrans Blackout

News Corp.’s Chase Carey, the man who oversaw Fox’s talks with Cablevision Systems Corp. during a two- week blackout, has advice for government officials who want to keep more TV channels from going dark: Stop meddling.


Carey: Retrans To Lift Fox To New Heights

The New York-based media giant controlled by Rupert Murdoch said Wednesday that net income in the fiscal first quarter, which ended Sept. 30, rose 36% to $775 million. COO Chase Carey said hard stands with cable and satellite companies were necessary to “set the market” for Fox stations and bring broadcasting to a “new level of profitability.”