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News Corp
Silicon Alley Insider:
Matthew Garrahan, FT: News Corporation is paying more than $1m a month to rent an empty office complex in Los Angeles that it has been unable to sub-lease since scrapping an ambitious plan to move MySpace and its other digita (Read More)
Submitted by ukstevieb
from Google Reader:
Fox Digital Studios puts focus on brands Using Director Joss Whedon as inspiration, News Corp. rebrands unit to incorporate more advertising into entertainment content. The Microsoft-sponsored Family Guy special isn't the onl (Read More)
Huffington Post:
Keith Olbermann named News Corp CEO Rupert Murdoch "Worst Person in the World" Thursday night for his admission that Fox News decided to "retaliate" against MSNBC after what Mudoch characterized as "abuse."Earlier this week, (Read More)
Silicon Alley Insider:
CBS Interactive delivered a weak quarter, as the slumping ad market dragged down results.Third quarter Interactive revenues decreased 15% to $121.3 million from $142.3 million. A steeper decline from last quarter when Interac (Read More)
paidContent.org:
A day after News Corp (NYSE: NWS). posted higher Q3 losses in its Digital Media Group (fka Fox Interactive Media) resulting from lower search revenue and restructuring costs, Jo (Read More)
Silicon Alley Insider:
Scripps Networks (SNI) is buying the Travel Channel from Cox Communications in a deal valued at $975 million.Scripps and Cox will enter a joint venture that owns the cable network, with Scripps owning 65% and Cox owning 35%. (Read More)
Huffington Post:
It's official: Scripps Networks Interactive (SNI) has won the Travel Channel auction. In a deal that values the channel at $975 million, Scripps will will acquire a majority interest in the property while current owner Cox re (Read More)
3 days ago
paidContent.org:
Rupert Murdoch knocked down at least one acquisition rumor—one he helped give life to at the News Corp annual meeting—and left one standing during the company’s fiscal Q1 earnin (Read More)
Submitted by magitam
from Google Reader:
NEW YORK (Reuters) - News Corp and Time Warner Inc reported higher-than-expected quarterly profit as movie studios and cable network gains helped offset declines at their newspaper and magazine units.
. (Read More)
4 days ago
paidContent.org:
Rupert Murdoch knocked down at least one acquisition rumor—one he helped give life to at the News Corp annual meeting—and left one standing during the company’s fiscal Q1 earnin (Read More)
Silicon Alley Insider:
Rupert Murdoch is no fan of the Kindle. He can't emphasize it enough.On tonight's earnings call, he said "The Kindle is a fantastic invention for books, but it's not much of an experience for newspapers." It's in the early st (Read More)
Submitted by magitam
from Google Reader:
NEW YORK (Reuters) - News Corp reported a higher-than-expected quarterly profit as gains at its Fox cable network and film divisions, plus cost cuts, helped offset declines at its television stations and newspapers.
. (Read More)
Silicon Alley Insider:
On the News Corp. (NWS) call tonight all three excutives -- Rupert Murdoch, Chase Carey, and Dave Devoe -- agreed that MySpace fell short of traffic targets, and therefore wouldn't get the $900 million in revenue from its dea (Read More)
paidContent.org:
Work in progress: Rupert Murdoch told analysts the News Corp (NYSE: NWS). newspaper and television businesses are having a “great November” but he also added a note of caution b (Read More)
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