Articles about "News Corp."


News Corp’s revenue falls

News Corp

Revenue at News Corp’s news and information division fell 6 percent in the last quarter of the corporation’s fiscal year, and 9 percent in the full year, when compared with the respective same periods the year before.

“The majority of the revenue decline reflects lower advertising revenues at the News and Information Services segment, the sale of LMG and foreign currency fluctuations, partially offset by strong performance in the Book Publishing and Digital Real Estate Services segments,” the company says in an earnings release. “LMG” refers to Dow Jones’ Local Media Group, which the company sold last September.

Overall revenue was down 3 percent in the fourth quarter and 4 percent for the year. Circulation and subscription revenues were down 5 percent in the year, the report says.… Read more

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NYT acknowledges Carol Vogel lifted from Wikipedia

Good morning. 10-ish, anyone?

  1. NYT acknowledges Carol Vogel lifted from Wikipedia: Part of a July 25 column “used specific language and details from a Wikipedia article without attribution; it should not have been published in that form,” a grisly editor’s note reads. (NYT) | Times spokesperson Eileen Murphy told Ravi Somaiya “editors have dealt with Carol on the issue.” (NYT) | “It seems to me that there can be little dispute about the claim,” Times Public Editor Margaret Sullivan wrote Wednesday. “Anyone can see the similarity.” (NYT)
  2. E.W. Scripps Co. and Journal Communications will combine broadcast properties, spin off newspapers: The companies “are so similar and share the deep commitment to public service through enterprise journalism,” Scripps Chairman Richard A.
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Polk Awards

Did the government throw shade on latest Greenwald scoop?

Good morning. Here are 10 media stories. Also, from Sam Kirkland, your digital morning stuff, and from Kristen Hare, a look at journalism outside the U.S.

  1. Did the government try to stink up Glenn Greenwald’s latest story? The American-Arab Anti-Discrimination Committee’s national president, Samer Khalaf, says “It wasn’t that they were saying it was false. They were saying they can’t respond to a story that wasn’t out yet.” (The Washington Post) | The Intercept “began hearing about Justice Department officials attempting to discredit our story long before that [ADC] meeting took place.” (The Intercept) | Related: Bart Gellman answers objections to his latest NSA story, which he wrote with Julie Tate and Ashkan Soltani. (The Washington Post)
  2. Remembering John Seigenthaler, who died Friday: The Tennessean’s package | Former Poynter President Karen Dunlap remembers Seigenthaler.
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Rupert Murdoch

News Corp. rumored to be putting together a new bid for Tribune newspapers

Rumor has it that News Corp — with a $2.5 billion cash kitty for acquisitions — may be mounting a new bid for the Los Angeles Times, the Chicago Tribune and the six other Tribune newspapers.

Rupert Murdoch and his company were first reported interested in the acquisition (in a story in the L.A. Times and elsewhere) when the papers were being shopped in late 2012 and early 2013.

No deal was struck, and last July Tribune announced that it would instead spin off the papers into a new publicly-traded company, Tribune Publishing. Tribune Publishing has recently hired a CEO and other staff, and the split is now scheduled to happen as soon as Aug. 4, but at least within the next several months.

I would not typically report a publishing rumor.… Read more

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Google protesters arrested; what @SavedYouAClick won’t do

Good morning. Here are 10 media stories.

  1. Net neutrality protesters reportedly arrested at Google HQ: Valleywag’s Nitasha Tiku and TechCrunch’s Natasha Lomas report that members of a group called Occupy Google were arrested outside Google’s Mountain View, California, headquarters early this morning. (Valleywag; TechCrunch)
  2. Source spot: New York Times Public Editor Margaret Sullivan draws a line between “serious and valid use of confidentiality” and anonymity granted for sources relaying “what is often, in essence, officially approved government communication, or for promoting their own political agenda.” (NYT)
  3. Phone-hacking stories you might actually want to read: The criminal case against several former News Corp employees “is not the final word on whether either editor, News Corp., or much of the British tabloid press has betrayed the principles of journalism,” Ken Auletta writes.
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News Corp calls Daily Mail Australia ‘copy snatchers and parasites’

Today’s MediaWireWorld roundup of journalism news from outside the U.S. Send tips to Kristen Hare: khare@poynter.org

Australia

News Corp Australia called reporters with Daily Mail Australia “copy snatchers and parasites,” Amanda Meade reported Monday in The Guardian. Meade reported that News Corp sent a letter to the recently rebranded organization (formerly known just as Mail Online) threatening a lawsuit if it doesn’t stop lifting copy.

One of the exclusive stories News has accused the Daily Mail of copying is a feature about “the best dress a woman can own”, which reportedly took six Daily Telegraph journalists, including a fashion editor with 20 years’ experience, to produce.

Daily Mail Australia sources called the whole thing “ludicrous.” Since it launched, Meade reported, the new site has 2.18 million unique visits a month “and it now ranks sixth in Australian news websites, according to Nielsen.”… Read more

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News Corp Split

PoynterVision: Why News Corp acquired Storyful

Raju Narisetti, senior vice president and deputy head of strategy at News Corp, explains the reasons behind News Corp’s $25 million acquisition of Storyful in December. Many newsrooms have adopted Storyful to help them verify social media and video content. Watch the video to hear how Narisetti, who came to Poynter for the Future of News Audiences conference Jan. 26-27, sees Storyful’s verification tools fit into News Corp’s larger strategy.


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Journalists offer different perspectives on what to do with audience data

Younger staff in The Atlantic newsroom have a knack for sourcing their stories through social media, and getting them read that way, too, J.J. Gould, executive editor at TheAtlantic.com, said Monday morning at the Poynter Institute.

Gould was part of a panel, moderated by Vivian Schiller, head of news at Twitter, at the Future of News Audiences conference (live blog here).

Those younger staff, Gould said, have a sense for “how to play this emerging understanding of what readers are looking for with mission of The Atlantic.”

But when you ask most newsrooms what they’re doing with information about their audiences, “the majority of them will tell you very little,” said Raju Narisetti, senior vice president of strategy at News Corp.… Read more

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Storyful homepage. (Storyful)

Video, verification, value: Why News Corp’s purchase of Storyful deserves your attention

I first met Storyful CEO Mark Little at the 2011 ONA Conference in Boston. We headed off to find a quiet corner so I could hear more about what exactly a “social news agency” was.

“Three words: it’s discovery, it’s verification, it’s delivery,” Little told me. “I think that’s essentially the three component parts of the new form of social news.”

I was amazed they were basically running an outsourced verification service for other news outlets.

“I see the need,” I wrote. “The question is, can verification form the basis of a viable business?”

On Friday, the News Corp announced it paid $25 million to acquire Storyful. Question answered.… Read more

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Storyful CEO: ‘We want to be in every newsroom in the world’

So what does a giant media corporation like News Corp get from a boutique social-media news agency like Storyful, which it bought Friday? Reached by phone, News Corp Senior VP of Strategy Raju Narisetti said that Storyful’s ability to verify news spreading over the social Web was only part of the draw.

“Storyful is not just a pioneer in verifying news video,” he said, but it’s very good at spotting and obtaining rights to news videos. “That gives us an opportunity to take viral video and not only use it in our global newsrooms but offer it to third parties as well,” a prospect Narisetti said has “significant revenue potential.”… Read more

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