News Corp

News Corp to swap JV for stake in Moby

News Corp is to take a minority stake in Dubai-based media group Moby, which is active in Afghanistan and other parts of central Asia and the Middle East. News Corp will fold its 50% shareholding in Broadcast Middle East, its Farsi broadcasting joint venture with Moby, into the group in exchange for a minority shareholding […]

Murdoch accuses Google of piracy

Rupert Murdoch has accused Google of being a “piracy leader” for allowing illegal video content to be found via its search engine. Murdoch used Twitter to claim that Google “streams movies free” and sells adverts around them, while blocking “many other undesirable things”. He claimed to have used Google to search for the Mission Impossible […]

Hedge Fund becomes top ten News Corp shareholder

Regulatory filings have revealed that the Children’s Investment Fund (CIF), run by British hedge fund manager Chris Hohn, has bought 53.8 million shares in News Corp in the quarter to end September. CIF’s US$834 million (€614 million) investment in News makes the fund one of the top ten investors in the company’s Class A shares. […]

Sky Italia passes five million subs

News Corp reported an earnings surge in its fiscal first quarter financial results, helped by growth at the company’s international pay TV networks. The company saw its revenue grow by 7% to US$7.96 billion (€5.8 billion) and reported an earnings rise of 45% in its direct broadcast division, which houses the company’s Italian pay TV […]

Sky Italia tops five million

News Corp-backed pay TV platform Sky Italia has exceeded the five million subscriber mark and said that it expects the customer growth to continue.
 CEO Andrea Zappia, who replaced Tom Mockridge in August, said: “In a challenging market, I feel confident that we can continue to grow by continuing to invest in creativity and innovation. […]

Investors accuse News Corp of ignoring misconduct and shareholders interests

A group of US union and pension fund investors in News Corp, led by New York-based Amalgamated Bank, has lodged a legal complaint against the media giant’s board, including Rupert Murdoch, accusing it of ignoring misconduct by subsidiaries, including conditional access provider NDS. Linking the phone hacking scandal in the UK to other News Corp […]

News Corp rejigs board, James Murdoch rejects bonus

Media giant News Corp is shaking up the composition of its board and has announced that deputy COO and international CEO James Murdoch will not be taking the bonus offered to him this year. The company has been rocked by phone-hacking allegations, the fallout from which effectively derailed its bid for full control of BSkyB. […]

BBC’s Thompson on defensive against Murdoch and Cameron

The BBC’s director general Mark Thompson has taken a sideswipe at News Corp’s James Murdoch, arguing that his 2009 MacTaggart lecture during the Edinburgh International 2009 Television Festival should be reassessed in light of recent events involving the media giant. Writing in the Guardian ahead of the 2011 Television Festival, Thompson said the only way […]

US authorities extend News Corp investigation

Authorities in the US have reportedly widened the scope of their investigation into the activities of the newspaper division of media giant News Corp. The initial focus was whether journalists at News International hacked into the phones of victims of the 9/11 attacks on the US. The News Corp-owned Wall Street Journal now claims that […]

News Corp looking for new acquisitions

Having ditched its bid for the chunk of BSkyB it does not own, News Corp chairman and CEO Rupert Murdoch and COO Chase Carey both said last night that the company will actively pursue other acquisitions. Analysts estimated that the media giant would, at its current rate of growth, have a war chest of US$20 […]