news corp

  • News Corp. Reports $2.1 Billion Loss From Publishing Arm

    News Corp. Reports $2.1 Billion Loss From Publishing Arm

    News Corp’s SEC filing during its attempts to split into two companies showed that the company lost $2.1 billion on the publishing side this year. Read More

  • Why Magazine Apps Suck

    Why Magazine Apps Suck

    Well, The Daily failed. It wasn’t all that fun while it lasted. And it didn’t last all that long. If everyone had known that it was going to cost $25 million a year to run, it probably would have been easy to predict its eventual failure. At a high level, the reality is simple: the economics didn’t come close to working. But because the media industry loves nothing more… Read More

  • News Corp. Backs Down On Anti-Google Stance, Plans Searchable Article Previews, Keeps Paywall Intact

    News Corp. Backs Down On Anti-Google Stance, Plans Searchable Article Previews, Keeps Paywall Intact

    Rupert Murdoch’s News Corp. is planning once again to let stories from its paywalled UK newspaper The Times get indexed by the search giant Google. This reverses a two-year-old policy in which News Corp’s UK newspaper division News International dramatically yanked stories from Google as it prepared a paywall to better monetize that content and do away with low-value… Read More

  • News Corp. Q4 Sales Of $8.4B Miss Estimates, Takes $2.8B Charge On Publishing Business

    News Corp. Q4 Sales Of $8.4B Miss Estimates, Takes $2.8B Charge On Publishing Business

    News Corporation has just reported its quarterly earnings. For Q4 it had revenues of $8.4 billion with earnings per share of $0.32, both down compared to the year before (Q4 2011 the company reported revenues of $9 billion with EPS of $0.35). The company also reported a net loss of $1.6 billion for the quarter, compared to a net income of $683 million in the same quarter a year ago. The… Read More

  • Murdoch Says Separated News Corp Publishing Biz Will ‘Push Even Harder’ On Charging For Content

    Murdoch Says Separated News Corp Publishing Biz Will ‘Push Even Harder’ On Charging For Content

    Old media, some think, is headed for the graveyard, and they’ll be damned if it takes young and cool new media with it. But it ain’t dead yet, and some growling comments made today by Rupert Murdoch, the CEO and chairman of News Corp., underscored how it will continue to keep on ticking for some time still. In a conference call today to discuss the confirmation that News Corp. Read More

  • Murdoch On Myspace: “I Made A Huge Mistake.”

    Murdoch On Myspace: “I Made A Huge Mistake.”

    Rupert Murdoch withstood intense grilling at News Corp’s annual shareholder meeting today, which focused largely on the phone-hacking scandal that is causing such an upset in the company’s financials and leadership. But among other things, Murdoch owned up to the debacle that has been Myspace. “I made a huge mistake,” he said. “We then proceeded to mismanage it… Read More

  • Accel Partners’ Jim Breyer Slated To Join News Corp Board, Perkins To Exit

    Accel Partners’ Jim Breyer Slated To Join News Corp Board, Perkins To Exit

    Jim Breyer, a partner of venture capital firm Accel Partners, has been nominated for election to the board of directors of media conglomerate News Corporation, the company announced this morning. Breyer will stand for election at News Corp’s annual meeting of stockholders on October 21, 2011 in Los Angeles, California. The company also said that directors Kenneth E. Cowley and Thomas J. Read More

  • Lulz? The ‘Murdoch Leaks Project’ Gets A Landing Page

    Lulz? The ‘Murdoch Leaks Project’ Gets A Landing Page

    Over the last week, there’s been quite a bit of news swirling around Rupert Murdoch’s empire, including, most recently, the now infamous LulzSec’s pwnage of The Sun, News Corp’s daily tabloid newspaper. On Monday, the loose network of merry hacktivists hacked into The Sun, pinned a fake news story about Murdoch’s supposed death on the homepage, redirected the site… Read More

  • The Peanut Gallery For Murdoch’s Testimony Is On Twitter

    The Peanut Gallery For Murdoch’s Testimony Is On Twitter

    News Corp’s Rupert Murdoch and his son James Murdoch are facing the heat today during a British parliamentary inquiry over the illegal hacking of cell phones by News Corp.’s recently shuttered News of the World publication. Of course, Twitter is exploding with commentary on the elder and younger Murdoch’s testimony. Unsurprisingly, the sentiment around Tweets being sent on… Read More

  • Confirmed: IGN Buys UGO, Hearst Gets Equity In New Venture That Will Soon Spin Out

    Confirmed: IGN Buys UGO, Hearst Gets Equity In New Venture That Will Soon Spin Out

    News Corp’s IGN gaming and entertainment property has just acquired Hearst’s gaming and entertainment property UGO, we’ve confirmed with the company. And yes, the move is step one towards News Corp. spinning out IGN as its own property sometime relatively soon, we’re told. This news was first reported by MediaMemo a few days ago as the deal was still being finalized. I… Read More

  • TrueCar Acquires News Corp-Backed Automotive Social Network Honk.com

    TrueCar, which helps people research new and used car prices and find local dealer savings, has acquired automotive social media company Honk.com, dubbed the ‘Facebook for car buyers’ in the news release. Interestingly, Honk.com was co-founded by Tom Taira, who is also the co-founder and former president of … TrueCar. News Corporation, an early investor in Honk.com, will… Read More

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