News Corporation

Wall Street Journal to Charge for iPhone, Blackberry Access

Authored by Mark Hefflinger on September 15, 2009 - 11:38am.
New York - News Corporation (NYSE: NWS) plans to begin charging users for mobile access to The Wall Street Journal on Blackberry (NASD: RIMM) and iPhone (NASD: AAPL) smartphones, CEO and chairman Rupert Murdoch said at an event today, PaidContent reported. The move is expected to come in a few months. Hulu, the online video joint venture between News Corp., NBC Universal and Disney, is also expected to introduce a pay-per-view or subscription model.

McGraw-Hill Exploring Sale of BusinessWeek Magazine

Authored by Mark Hefflinger on July 13, 2009 - 10:28am.
New York - McGraw-Hill (NYSE: MHP), the publisher of BusinessWeek magazine, has hired the investment bank Evercore Partners to help it explore strategic options, including a possible sale of the 80-year-old publication.

News Corp. Moving Shares From NYSE to Nasdaq

Authored by Mark Hefflinger on December 16, 2008 - 1:48pm.

New York - Rupert Murdoch's News Corporation (NYSE: NWS) announced on Tuesday that it will move its shares from The New York Stock Exchange to the Nasdaq, effective Dec. 29. "Our move to NASDAQ will ensure that our stockholders have access to the most current trading technology possible. We are confident that NASDAQ's broad offerings and exceptional service, coupled with a cost-effective structure, will provide more value for our stockholders," said Reed Nolte, SVP of Investor Relations for News Corp.

News Corp. Launches Incubator SlingShot Labs with $15 Million

Authored by Mark Hefflinger on February 14, 2008 - 7:39am.

Santa Monica, Calif. - News Corporation (NYSE: NWS) has created a business incubator, SlingShot Labs, and provided it with an initial $15 million in financing to help nurture start-up companies that could contribute to the company's Web properties, BusinessWeek reports.

Dow Jones Shareholders Approve News Corp. Deal

Authored by Mark Hefflinger on December 13, 2007 - 9:53am.

New York - Dow Jones & Company (NYSE: DJ), publisher of The Wall Street Journal, announced on Thursday that its shareholders have approved a $5.6 billion sale of the company to News Corporation (NYSE: NWS), with 60.27% of shares voting in favor of the deal. The Journal reported that about 78% of outstanding common shares voted in favor of the deal, compared with 54% of supervoting shares -- most of which is held by the Bancroft family, which has long controlled Dow Jones.

MySpace Contest Seeks Users' Opinions on "State of the Union"

Authored by Mark Hefflinger on January 10, 2007 - 1:43pm.

Los Angeles - News Corp.'s MySpace online social network on Wednesday announced the launch of a contest that asks users to submit videos expressing their views on where America is, and where it should be going. Judges choosing finalist videos will include former Senate Majority Leader Dr. Bill Frist, former White House Chief of Staff John Podesta, and political bloggers Markos Moulitsas Zúniga of DailyKos and Jonah Goldberg of National Review Online. MySpace users then will vote on a winner, to be announced on Jan. 22 -- the day before President Bush delivers his State of the Union address.