Andrew Beaujon
Feb. 27, 2013
12:10 pm
Center for Public Integrity |
OpenSecrets.org
News Corp's political action committee
gave 52 percent of its donations during the 2012 election cycle to Democratic candidates, reports Dave Levinthal. The donations provide "a notable, if not striking contrast with Fox News' conservative reputation," Levinthal writes.
In January, News America-FOXPAC gave money to five Democratic candidates and no money to Republicans, though it "contributed $15,000 in January to the National Republican Congressional Committee, which may by law accept significantly larger contributions than candidate committees," Levinthal writes.
Prominent Democrats receiving News America-FOXPAC cash last election cycle included Sens. Dianne Feinstein of California, Kirsten Gillibrand of New York and Amy Klobuchar of Minnesota, as well as House Minority Whip James Clyburn of South Carolina and Rep. Chris Van Hollen of Maryland.
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Andrew Beaujon
Feb. 25, 2013
5:09 pm
BusinessWire
Congratulations to Raju Narisetti, the Wall Street Journal digital muckety-muck who's
just been named senior vice president and deputy head of strategy for the New News Corporation.
Wait, the what?
In an email to Poynter, New News Corp SVP/Deputy Head of Communications Ashley Huston explains that the new name,
which the company used in an SEC filing in December, will vanish after News Corp's split into two companies: "it's just to differentiate it until the split," she writes. Then it will be News Corporation,
and the other company will reportedly be named Fox Group. Indeed, the company's been using the New News Corporation name in press releases
since at least the beginning of February.
That's too bad: In choosing this double-barreled name, the New News Corporation strikes a blow for precision and clarity rarely witnessed in corporate rebrandings -- just look at the
International New York Times, or the
Walter E. Washington Convention Center, which really should have been named the
Walter E. Washington Washington Convention Center.
Previously:
News Corp. announces split, ‘will wow the world’
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Andrew Beaujon
Feb. 6, 2013
4:30 pm
News Corp.
Revenue from News Corp.'s publishing businesses
rose in the second quarter of its 2013 fiscal year, the company said in an earnings release Wednesday.
Publishing reported quarterly segment operating income of $234 million, a $16 million improvement from the $218 million reported in the same period a year ago. Increased contributions from the U.K. newspapers which benefitted from the launch of the Sunday edition of The Sun in February 2012, integrated marketing services driven by higher custom publishing revenues, and book publishing businesses related to the acquisition of Thomas Nelson, Inc., a Christian book publisher, more than offset lower advertising revenues at the Australian newspapers.
Revenue from the company's cable-TV businesses was up 18 percent, the company said. The company spent $56 million on phone-hacking investigations, compared with $87 million during the same period the year before.
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Julie Moos
Dec. 31, 2012
4:17 am
Chicago Tribune | L.A. Times | Bloomberg | Reuters
As the Tribune company ends a four-year period of bankruptcy today, it plans to sell all of its media properties, according to a report by Robert Channick.
Tribune Co. owns 23 television stations, including WGN-Ch. 9, WGN America, eight daily newspapers and other media assets, all of which the reorganization plan valued at $4.5 billion after cash distributions and new financing. Eventually, all the assets are expected to be sold, according to the new owners.
A financial analysis this year estimated the broadcast assets are worth $2.85 billion; a stake in the Food Network and Internet companies including CareerBuilder is worth $2.26 billion; and the company's newspapers are worth $623 million.
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Jeff Sonderman
Dec. 3, 2012
9:57 am
The publisher of News Corp.’s The Daily said earlier this year that the iPad-only publication might need a few more years to be profitable. Today the company announced it won’t get that chance.
Although it has been one of the … Read more
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Caitlin Johnston and Julie Moos
Dec. 3, 2012
8:40 am
News Corp. announced details Monday describing how
it will split the company, while naming Robert Thomson the new CEO of its publishing division, while promoting Gerard Baker to lead Dow Jones and become managing editor of The Wall Street Journal.
The company announces in the press release:
In keeping with the company’s 60-year heritage of bringing news to the world, the publishing entity will retain the name News Corporation. The media and entertainment company, which began in earnest when Chairman and CEO Rupert Murdoch acquired 20th Century Fox and launched the Fox Network more than 25 years ago, will be named Fox Group.
As previously announced, Rupert Murdoch will serve as Chairman of the new News Corporation and Chairman and CEO of Fox Group. Chase Carey will serve as President and Chief Operating Officer of Fox Group, with James Murdoch continuing in his capacity as Deputy Chief Operating Officer.
As part of its realignment, News Corp. will fold iPad publication, The Daily, it says. "Technology and other assets from The Daily, including some staff, will be folded into The Post," and the publication's editor-in-chief, Jesse Angelo, will become publisher of the New York Post, where he has been executive editor. In the release, Rupert Murdoch said:
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Andrew Beaujon
Nov. 19, 2012
4:03 pm
The New York Times |
The Huffington Post
What besieged mogul wouldn't welcome a
story about getting his bounce back? "In the last several weeks," Amy Chozick writes, Rupert Murdoch "has exuded a satisfaction and sure-footedness that people close to the company said they had not seen since before Mr. Murdoch’s British newspaper unit became embroiled in a phone hacking scandal." In Chozick's story, Murdoch all but raises the Jolly Roger: A pair of scandals at News Corp. U.K. rival the BBC is dinging The New York Times, and the planned split of his company into two divisions is freeing him up to make acquisitions -- 49 percent of New York's Yes Network,
maybe even the Los Angeles Times.
But one tweet about the "Jewish-owned press," and suddenly the PR win feels a little hollow. Murdoch
apologized to the Anti-Defamation League for a tweet pondering why, in Murdoch's view...actually, I think I'll let him handle this one:
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Andrew Beaujon
Sep. 27, 2012
11:48 am
TechCrunch |
PaidContent
Articles in The Times of London and The Sunday Times will again appear in search engines, almost three years after their parent company News Corp. announced
it would yank them.
Visitors from search engines -- oh heck, let's just say Google and be done with it -- will see previews of articles and be invited to subscribe: "
not the most warm of welcomes," Ingrid Lunden writes in TechCrunch.
The change "does suggest that, having signed up 130,751 digital subscribers since mid-2010, the publisher is having to look in new places to maintain customer acquisition momentum," Robert Andrews writes in Paid Content. News Corp.
will still block NewsNow and Meltwater, Andrews writes.
When the change was announced, Jon Miller, News Corp.'s digital chief digital officer (he's
leaving his job at the end of this month, the company announced in August), told the U.K.'s Telegraph
search engine traffic wasn't valuable.
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Steve Myers
June 28, 2012
11:54 am
Rupert Murdoch told Neil Cavuto in an interview on Fox Business on Thursday morning that after years of advice, he finally came around to the idea that his companies would be better managed — and shareholders would benefit —
if News Corp. separated its entertainment and publishing businesses, which it announced Thursday morning.
He also said News Corp. no longer has any interest in acquiring the remainder of British Sky Broadcasting, which
it put on hold after the phone-hacking scandal exploded. "I think we've moved on in our own thinking from that," he said.
Referring to the billions of dollars that News Corp. was willing to invest, Murdoch said, "If Britain doesn't want them, we'll invest them here. I'm much more bullish about America than I am about England."
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