News Corporation Reports Second Quarter Results for Fiscal 2021 2021/02/04 21:00:00 Business Wire
NEW YORK--(BUSINESS WIRE)--News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended December 31, 2020. Commenting on the results, Chief Executive Robert Thomson said: “The second quarter of fiscal 2021 was the most profitable quarter since the new News Corp was launched more than seven years ago, reflecting the ongoing digital transformation of the business. We reported the largest profits for Dow Jones sinc
'Privatisation by stealth': A new documentary claims the ABC is under attack from the government and News Corp 2021/02/04 01:29:43 Business Insider Australia
A new documentary from GetUp! alleges a ‘war’ waged against the Australian Broadcasting Corporation, claiming that government, right wing groups and Rupert Murdoch’s News Corp Australia have acted together to undermine the public broadcaster in the hope of driving it out of existence.
Breakingviews - Rupert Murdoch’s ESG flaws hurt more than ever 2021/02/03 22:25:35 Reuters
There’s a hole in the News Corp story. The company trades at a curiously deep discount to its collection of misfit parts. Despite justifiable investor concern about Chairman Rupert Murdoch, a second read is warranted.
Australia's auditor general asked to review $40m Foxtel grant after string of W-League glitches 2021/02/03 00:20:53 The Guardian
Greens say taxpayer funding for News Corp should be examined after viewers complain about poor quality broadcasts The Greens will ask the auditor-general to review Foxtel’s $40m grant for women’s sport after a series of technical glitches marred coverage of the W-League. The federal government gave another $10m to the Murdoch-controlled Foxtel last year to boost women’s and underrepresented sport, bringing to $40m the total taxpayer funding for the subscription TV service since 2017. Continue reading…
Housing.com launches new ad campaign ‘Yahaan Search Khatam Karo’ featuring Manoj Bajpayee, Rajkummar Rao 2021/01/29 09:31:31 The Tribune
New Delhi, January 29 News Corp-backed realty portal Housing.com on Friday said it will invest around Rs 40 crore over the next 15 months on advertising campaign. In a statement, Housing.com said it has launched a new TV and digital advertising campaign, starring Bollywood actors Manoj Bajpayee and Rajkummar Rao. "To be promoted across TV and digital media, the campaign will run for the next 15 months, and it will involve a total expense of nearly Rs 40 crore across varied platforms," it said. Dhruv Agarwala, Group Chief Executive Officer, Housing.com, Makaan.com and PropTiger.com said the adoption of technology in real estate, especially with the challenges posed by the pandemic, has made the process of finding homes for buying or renting much simpler. Housing.com is an online property classified, while the PropTiger is into brokerage of residential properties available in primary markets. In October last year, Australia-based REA Group Ltd increased its shareholding and acquired a controlling stake in Elara Technologies, which owns three leading realty portals Housing.com, PropTiger and Makaan.com, in a cash and equity deal estimated up to USD 70 million.
PRH owner Bertelsmann to buy Simon & Schuster in $2bn deal 2020/11/25 16:55:32 The Guardian
German media firm, already owner of the giant Penguin Random House, says acquisition of another major publisher is ‘approvable’ within monopoly rules German media group Bertelsmann is set to acquire publisher Simon & Schuster for $2.17bn, less than a year after it took control of Penguin Random House (PRH). Bertelsmann outbid Rupert Murdoch’s News Corp, which owns publisher HarperCollins, in a contest for the company that is home to Dan Brown, Hillary Clinton and Stephen King. ViacomCBS put the company up for sale this year in order to refocus on its online and advertising operations. Continue reading…
Statement of Robert Thomson, Chief Executive of News Corp, Regarding the Sale of Simon & Schuster to Bertelsmann 2020/11/25 15:16:00 Business Wire
NEW YORK--(BUSINESS WIRE)--News Corp Chief Executive Robert Thomson has commented on ViacomCBS’s announcement regarding the sale of Simon & Schuster to Bertelsmann: “There is clearly no market logic to a bid of that size - only anti-market logic. Bertelsmann is not just buying a book publisher, but buying market dominance as a book behemoth. Distributors, retailers, authors and readers would be paying for this proposed deal for a very long time to come. This literary leviathan would have 70
Ex-PMs unite in Australia in bid to curb power of Murdoch empire 2020/11/22 07:30:15 The Guardian
Former rivals to star in Leveson-style inquiry into mogul’s near-monopoly of the country’s media In high public office, both men lived and died at the word of the world’s most influential media mogul, Rupert Murdoch. But now two former Australian prime ministers are at the vanguard of a campaign to redress the balance of power. It is a movement that Kevin Rudd and Malcolm Turnbull, the respective former Labor and Liberal leaders of Australia, hope will go on to undermine all of Murdoch’s international enterprises. The two former PMs were once rivals but are to appear as joint star witnesses at an upcoming Australian parliamentary inquiry into Murdoch’s dominance of the Australian political debate. Both are to argue that News Corp Australia has become the propaganda arm of the rightwing Liberal government. Continue reading…
Three suitors still in for Simon & Schuster 2020/11/20 02:39:50 New York Post
Bids for Simon & Schuster are due next week, and there are reportedly three suitors still in the race: News Corp, Bertelsmann and Vivendi. Meanwhile, News Corp CEO Robert Thomson is warning of antitrust concerns if Bertelsmann — already the world’s largest publisher thanks to ownership of Penguin Random House in the US — were…
Rupert Murdoch tries to weather News Corp's climate crisis at AGM | The Weekly Beast 2020/11/20 00:31:56 The Guardian
News Corp executive chairman says ‘we do not deny climate change’. Plus: ABC rejects Media Watch segment While News Corp’s Australian outlets were waging war against two former prime ministers at home, the New York-based company was holding its first virtual annual general meeting to update its shareholders on what has been a bad year for business. At just 26 minutes long, it was a rushed affair beset by technical hiccups. Kevin Rudd – and Malcolm Turnbull, to a lesser extent – has been targeted by the Murdoch press because of the success of his petition for a royal commission into News Corp which sparked a Senate inquiry into media diversity. Continue reading…
After years harshly criticizing Big Tech's impact on the publishing industry, News Corp now has partnerships with Facebook, Apple, Amazon, Snapchat, and others (Sara Fischer/Axios) 2020/10/06 17:05:03 Techmeme
Sara Fischer / Axios : After years harshly criticizing Big Tech's impact on the publishing industry, News Corp now has partnerships with Facebook, Apple, Amazon, Snapchat, and others — One of the biggest news publishing companies in the world has slowly backed away from its harsh public criticism of Big Tech platforms …
News Corp. changes its tune on Big Tech 2020/10/06 12:57:25 Axios
Today, "the terms of trade truly have changed."
Activist investor pushes for News Corp voting changes 2020/10/06 00:03:17 The Australian Financial Review
A small shareholder is once again looking to take on News Corp in hopes to eliminate supermajority requirements on some company votes.
News Corp backs push for ABC and SBS to receive payments from Google and Facebook 2020/10/02 06:40:25 The Guardian
Greens and Labor have said they will not support proposed mandatory news code legislation unless public broadcasters are included News Corp Australia is backing a push by the Greens and Labor for the ABC and SBS to receive payments from Google and Facebook under the proposed mandatory news code. The public broadcasters were not included in the Australian Competition and Consumer Commission’s draft code but during the consultation phase the Greens and Labor have said they won’t support the legislation without them. Continue reading…
Statement of Robert Thomson, Chief Executive of News Corp, On Google’s Announcement Regarding Partnerships With News Publishers 2020/10/01 13:35:00 Business Wire
NEW YORK--(BUSINESS WIRE)--News Corp Chief Executive Robert Thomson has commented on Google's announcement today regarding partnerships with news publishers: “We applaud Google’s recognition of a premium for premium journalism and the understanding that the editorial eco-system has been dysfunctional, verging on dystopian. There are complex negotiations ahead but the principle and the precedent are now established.” About News Corp News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, div