Wednesday, June 26, 2019

CABLE NETS DRIVING NEWS CORP PROFITS

May 9, 2013 by · Leave a Comment 

Its Fox broadcast network may have a higher profile, but News Corp’s cable networks proved to be the driver of profits during its last quarter. The company reported that operating income at its cable outlets rose 17 percent to $993 million on revenue of $2.8 billion, largely as a result of solid ad sales for […]

ALL (BUT ONE) NEWS CORP EXECS TAKE COMPENSATION HIT

September 5, 2012 by · Leave a Comment 

Of all of News Corp’s top executives, only Fox News Channel Chairman Roger Ailes received a raise in 2011, according to SEC filings reported by today’s (Wednesday) Los Angeles Times. Ailes, in fact, received a 30 percent increase in compensation to $21.1 million versus $15.6 million in 2011. Other top officers took significant hits to […]

RUPERT MURDOCH TAKES OFF THE GLOVES

March 29, 2012 by · Leave a Comment 

Amid new allegations of potentially criminal wrongdoing by units of his News Corporation, Rupert Murdoch took to Twitter today (Thursday), vowing to fight back. “Seems every competitor and enemy piling on with lies and libels,” he said in his first tweet, adding, “So bad, easy to hit back hard, which preparing.” His comments came following […]

CONTENT WEARS THE CROWN AGAIN

December 2, 2011 by · Leave a Comment 

This is a good time to be in the “content” business, Merrill Lynch media analyst Jessica Reif Cohen indicated at a media conference in New York on Thursday. With broadband outlets and video-on-demand platforms multiplying quickly, producers of programming — particularly hit programming — have more customers than ever. “The value of hit programming has […]

VOICEMAIL SCANDAL HITS NEWS CORP WHERE IT HURTS

November 3, 2011 by · Leave a Comment 

The voicemail hacking scandal that shut down its News of the World tabloid in London has taken its toll on News Corp’s bottom line. The media conglomerate on Wednesday said in an SEC filing that while total revenue rose to $7.96 billion, its profits dropped 5 percent. At the center of its profit drain were […]

NEWS CORP SAYS IT WON’T BUY THE DODGERS AGAIN

November 3, 2011 by · Leave a Comment 

News Corp COO Chase Carey appears to have shot down widespread reports on Wednesday that its Fox Sports division might make a bid for the team at a bankruptcy auction after weighing the costs of buying broadcast rights against the cost of an outright acquisition. But at a conference call to discuss the company’s latest […]

IT’S NO LONGER APPARENT THAT JAMES WILL BE RUPERT’S HEIR

October 26, 2011 by · Leave a Comment 

Since he is now regarded as the man who “presided over 18 months of denials” (as one writer put it) over the News of the World telephone hacking scandal, James Murdoch no longer appears to be the heir apparent to his father Rupert at News Corp, many analysts commented on Tuesday, following the revelation that […]

IS JAMES MURDOCH NO LONGER HEIR TO THE THRONE?

August 11, 2011 by · 1 Comment 

The scandal over voicemail hacking by Rupert Murdoch’s now-shuttered News of the World tabloid may have displaced his son James from his previous position as heir to the throne of the News Corp empire. During a conference call to discuss the company’s quarterly earnings, Murdoch said that he regards Chase Carey, News Corp’s president and […]

NEWS CORP GOT SOME GOOD NEWS, TOO

August 11, 2011 by · Leave a Comment 

Shares in News Corp jumped more than 17 percent by midday today (Thursday) after the company posted quarterly results that beat Wall Street estimates. The news was trumpeted by Fox Business Network, which itself contributed to an unexpected surge in earnings by the media conglomerate. “Fox Business has made great strides,” News Corp President/COO Chase […]

DURING SCANDAL, THE SON RISES

July 20, 2011 by · Leave a Comment 

The assured and astute performance of James Murdoch in fielding questions from the Culture, Media and Sport Committee of the House of Commons on Tuesday may have lifted his chances of running the media conglomerate when his father Rupert steps down, analysts observed today (Wednesday). The younger Murdoch, deputy COO of News Corp, repeatedly took […]

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