News Corp

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Murdoch Closing In on Newsday Deal

Media mogul about to grab third New York paper

(Newser) - Rupert Murdoch's News Corp. empire is closing in on a deal to buy Newsday from the Tribune Company for an $850 million package, reports Reuters. Under the terms of the deal, Newsday would be run as a joint venture with the New York Post, but the papers would remain separate...

Top Editor Bails on Journal
Top Editor
Bails on
Journal
Apr 22, 2008 9:54 AM CDT

Top Editor Bails on Journal

Four months under Murdoch regime enough for Brauchli

(Newser) - Four months into the Rupert Murdoch era, the Wall Street Journal’s managing editor is resigning. Marcus Brauchli, in the job since May, has tried to chart a path between Murdoch and the paper’s traditionalists, sources told Time, which broke the story on its website. The split is said...

Murdoch's Journal Readies Battle Against the Times

Clash of titans recalls Hearst v. Pulitzer

(Newser) - A newly Rupert Murdoch-ified Wall Street Journal throws down the gauntlet at the New York Times tomorrow, reports Newsweek, in the biggest battle of newspaper titans since Hearst v. Pulitzer. Murdoch is looking for (more) power and respect from the journalistic elite at a time when the Gray Lady is...

More Than Ever Like To Watch on Web

US online video views hit 10B in February

(Newser) - US Internet users watched 10 billion online videos in February, cNet reports, with statistics released by ComScore showing a 66% gain from February 2006. Unsurprisingly, Google’s video sites (chiefly YouTube) accounted for 35.4% of the 10 billion views, the largest portion for any one site.

Yahoo Board Meets as Buyout Options Grow

Microsoft likeliest buyer but battle heats up

(Newser) - Yahoo's board meets today to examine the options for avoiding a hostile takeover by Microsoft, the Wall Street Journal reports. Experts think a Microsoft grab is still the most likely scenario, but the situation has grown increasingly complicated in the midst of discussions of an AOL-Yahoo merger, Yahoo's proposed trial...

Zell Might Sell Newsday
 Zell Might Sell Newsday 
Mar 20, 2008 9:44 PM CDT

Zell Might Sell Newsday

Tribune Co. may unload paper; Rupert Murdoch is interested

(Newser) - Falling ad revenues could push Sam Zell's Tribune Company to sell Newsday, the Long Island newspaper with the 10th-highest circulation in the nation, the New York Times reports. Among those interested are Rupert Murdoch, who already owns the New York Post. Also in the running are the owner of the...

Murdoch Shuts Down PageSix.com
Murdoch
Shuts Down PageSix.com
Mar 20, 2008 6:59 PM CDT

Murdoch Shuts Down PageSix.com

Online version of Post gossip column ends after 3 months

(Newser) - PageSix.com, the online version of the New York Post's celebrity gossip column, is shutting down after just three months, Gawker reports. The Rupert Murdoch project attracted 1 million pageviews last week when it published photos of Eliot Spitzer's escort, but, "given the difficulty in the economy, it was...

Yahoo, Microsoft Execs Meet to Discuss Buyout

Gates' team explains its vision; no negotiations take place

(Newser) - For the first time since Microsoft made an unsolicited—and unwelcome—$44.6 billion bid to take over Yahoo Jan. 31, executives for the two companies sat down this week to discuss what a post-merger company might look like, reports the Wall Street Journal. No negotiations took place, the Journal ...

Murdoch 'More Pessimistic' About Economy

Downturn worse than expected by Rupe, who won't fight for Yahoo

(Newser) - The last month has made media boss Rupert Murdoch "a lot more pessimistic" about the outlook for the US economy, Reuters reports. Ad revenue is below expectations at his TV stations and newspapers and he expects "a temporary downturn for a year or so" at Dow Jones, the...

Web 2.0 Firms Taking Slower Route to IPOs

The new business model calls for a 'slow and easy' approach to going public

(Newser) - Growing Web 2.0 companies like LinkedIn, Facebook, and Slide are biding their time before going public, making sure to run up their value as much as possible to fetch top dollar with an IPO, reports Business Week. It’s a far different approach than companies took before the dot-com...

CNN, in Comeback, Tops Fox, Boosts Profits

Exec Walton has overseen ratings comeback, doubled profits at cable icon

(Newser) - Five years after CNN’s fortunes were so low that Time Warner considered selling it, the cable news icon topped Fox News among 25- to 54-year-old viewers for the first month since 2001. The upstarts had CNN running scared for several years, but a new president has streamlined management, increased...

At Murdoch's Journal, No Cheap Makeover

New faces and ideas to mine affluent audience, but no Foxification

(Newser) - Rupert Murdoch may now own the nation's hallowed financial bible, but the dumbing-down fears that accompanied the purchase of the Wall Street Journal have so far proven unfounded. This week the Journal will introduce a new sports page that will integrate stats from another News Corp. property, but Murdoch's company...

Yahoo Buys Time to Delay Proxy Battle

May postpone meeting to pursue talks with Microsoft, AOL

(Newser) - Yahoo may postpone its annual meeting to delay a proxy battle with Microsoft, reports the New York Times. The move would temporarily fend off a hostile takeover bid by the computer giant, and buy Yahoo some time to weigh its options, including a negotiated deal with Microsoft and a merger...

Lawyers to OJ Publisher: See You in Court

Attorneys sue If I Did It mastermind for cut of News Corp. settlement

(Newser) - Foiled If I Did It publisher Judith Regan's lawyers say she didn't do it—cough up their agreed-upon payment, that is. And they want their money, Reuters reports. The lawyers represented Regan in her case against News Corp., which canned her in the uproar surrounding the OJ Simpson confessional. She...

Liberty Looks to Leverage DirecTV Deal

In for a tough battle with better positioned telcos, cable companies

(Newser) - Closing Liberty Media’s $12 billion deal for a 41% share of DirecTV took more than a year, but positioning the satellite-TV service to rival telcos and cable companies offering triple-play packages of TV, phone, and broadband could be a bigger test, reports the Wall Street Journal today. The deal...

MySpace Makes Music Overtures
MySpace Makes Music Overtures
Feb 20, 2008 2:54 PM CST

MySpace Makes Music Overtures

Social networking site turns to recording labels in effort to broaden appeal

(Newser) - MySpace has spent the past few weeks approaching major record labels, trying to hammer out a deal for a new online music service, the Wall Street Journal reports. The deal—tentatively MySpace Music—would likely let users stream unlimited music for free, and buy downloads that could be played on...

Microsoft Talks Tough; Proxy Battle Likely

Gates says Yahoo should 'take a hard look' at $41.6B bid

(Newser) - Microsoft, at loggerheads with Yahoo over its $41.6-billion offer for the popular web portal, is talking tough, threatening a proxy battle to unseat Yahoo’s reticent board of directors, reports the Wall Street Journal. But even a win, which experts say would be relatively cheap to achieve, could cost...

News Corp. Talks Deal With Yahoo
News Corp. Talks Deal
With Yahoo
Feb 13, 2008 2:36 PM CST

News Corp. Talks Deal With Yahoo

MySpace merger could create new company, deny Microsoft

(Newser) - News Corp. and Yahoo are in talks over combining MySpace and other News Corp. entities with Yahoo, the Wall Street Journal reports today. The deal, which could fend off Microsoft's $44.6 billion hostile takeover bid, would allow Yahoo to remain independent while giving the Murdoch-run company a stake of...

No Yahoo! for News Corp., Says Murdoch

Media mogul won't trade bids with Microsoft over Internet behemoth

(Newser) - News Corp. CEO Rupert Murdoch won't be following Microsoft's lead to place a bid for  ailing Internet giant Yahoo, CNNMoney reports. Murdoch also dispelled rumors today that his company was interested in purchasing AOL, or in making any other major acquisitions. His remarks follow on the heels of Microsoft's unsolicited...

Wall Street Journal Moving to Midtown
Wall Street Journal Moving to Midtown
Jan 29, 2008 10:18 AM CST

Wall Street Journal Moving to Midtown

Murdoch wants new toy at News Corp. HQ, not near namesake

(Newser) - For 119 years, the Wall Street Journal has been based a few minutes away from the legendary financial hub it's named for, but new owner Rupert Murdoch plans to move it uptown, the New York Observer reports. The paper's staff is reportedly happy with the move, but more changes are...

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