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Every Studio & Network Boosted Earnings; So Why Isn't Hollywood Working More?
UPDATE: The Walt Disney Co was the last major studio and network to report quarterly earnings, and its fiscal 3rd quarter profit rose 40% on the strong box office grosses from Pixar’s Toy Story 3,...
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BBC Boss Warns Of ‘Abuse Of Power’ If Rupert Murdoch Takes Control of BSkyB
Mark Thompson has called on the British government to intervene in News Corp's bid to take full control of BSkyB. Speaking on PBS's Charlie Rose Show in New York, he agreed there was potential for an...
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News Corp Profit Rises On Ad Rebound
A more robust advertising climate helped power the conglomerate to a net income of $775 million for its fiscal 1st quarter, up from $571 million same quarter last year. Operating income at the “filmed...
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Murdoch BSkyB Probe Thrown Into Chaos
Jeremy Hunt, the UK culture secretary – and a man known to be sympathetic to the Murdoch media empire – will now decide whether News Corp's £7.8 billion ($12.5 billion) takeover of BSkyB gets referred...
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UPDATE: News Corp Exec Calls Premium VOD 'A Test' But Hedges About Plans
UPDATE, 3:15 PM: Add NewsCorp COO Chase Carey to the list of executives of studio owners who characterize Premium VOD as merely a test that shouldn’t hurt theater owners. In a quarterly earnings...
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News Corp Launches $5B Stock Buyback
This could provide some pop for News Corp shares, which have declined more than 12% over the last five days as the News Of The World phone-hacking scandal mushroomed. The company says this morning that...
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Will Murdoch Buy Something Else Now That He Has Given Up On BSkyB?
It’s Official: News Corp Withdraws BSkyB Bid Will U.S. Officials Now Investigate Murdoch? So what now for Rupert Murdoch? Well, he’ll have a lot more cash to play with now that he has decided to scrap...
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Will Rupert Murdoch's Scandal Create A Buying Opportunity For News Corp Shares?
Cowen & Co’s Doug Creutz shouldn’t expect Rupert Murdoch to call today and thank him for upgrading News Corp stock to the equivalent of “buy.” The analyst is optimistic because he sees a 25% chance...
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UPDATE: News Corp Still Has “Great Confidence” In James Murdoch, But No Plan...
UPDATE, 2:35 PM: The comment about James came from News Corp president Chase Carey, filling in for Rupert Murdoch, who wasn’t on the quarterly conference call with analysts and reporters. Despite...
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News Corp Prices $1B Debt Sale
Senior Notes due 2022 from a subsidiary, News America Incorporated, will offer buyers 3.00% interest — and result in gross proceeds to the company of $992.9M. News Corp says the cash will be used for...
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News Corp Reports $1.4B Writedown As Newspaper Valuations Slide
It’s hard to say that the write-down hurt the publishing operation for the fiscal year that ended in June. The noncash charge, disclosed today in the company’s first annual report since being separated...
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