News Corp

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Former Facebook Exec Named MySpace CEO

(Newser) - News Corp. has hired former Facebook executive Owen Van Natta to run MySpace, the Wall Street Journal reports. The expected move may be announced as early as today. The hiring comes fast for MySpace, which announced Wednesday that current CEO Chris DeWolfe was stepping down, along with fellow co-founder Tom...

MySpace Founders Leaving in News Corp Shakeup

CEO leaving, will be replaced by former Facebook exec

(Newser) - Big changes afoot at MySpace: Co-founder Chris DeWolfe is stepping down as CEO and fellow co-founder Tom Anderson is in talks with owner News Corp to end his run as president. MySpace has lost much of its mojo in recent years to Facebook, and it looks like  DeWolfe will be...

Google a 'Tapeworm:' WSJ Exec
 Google a 'Tapeworm:' WSJ Exec 
Apr 6, 2009 10:27 AM CDT

Google a 'Tapeworm:' WSJ Exec

(Newser) - Content aggregators like Google—and yes, the humble site you’re reading now—are “parasites or tech tapeworms in the intestines of the Internet,” Robert Thomson, editor of the Wall Street Journal, told fellow News Corp. paper the Australian last week. He warned that the “mistaken perception”...

Murdoch: Papers Need to Charge for Web Access

Journal subscription plan 'not a gold mine, but it's not bad'

(Newser) - The New York Times ought to be charging people to read its content, and so should every other newspaper that wants to survive, Rupert Murdoch said today. “People reading news for free on the Web, that’s got to change,” the News Corp chief said at a Washington...

For Its 1st Birthday, Hulu Gets Social Networking

Video site also vows to add more content

(Newser) - To mark its first anniversary, Hulu is launching friends lists, most popular rankings, and more content—including show archives and classic cartoons and movies, CNET reports. But staying innovative isn't easy for a new media outlet with old media bosses. The website, which is owned by NBC and News Corp....

Murdoch: I'm Not Cowed by Recession, Chernin Exit

MySpace co-founder denies rumors he's considering jumping ship

(Newser) - Rupert Murdoch is touting his own "contrarian" tendencies as what will see News Corp. through the current recession and the implosion of the print media business. “In the past, we have met downturns with vigor, often departing from the herd. We have emerged much stronger," he said...

Murdoch Sorry for Cartoon
 Murdoch Sorry for Cartoon 
Feb 24, 2009 8:22 AM CST

Murdoch Sorry for Cartoon

Says it was only intended to mock stimulus

(Newser) - Rupert Murdoch eats some crow today, with a short statement in the New York Post apologizing for the now-infamous chimpanzee cartoon. “I have spoken to a number of people and I now better understand the hurt this cartoon has caused,” Murdoch writes. “The only intent of that...

News Corp Prez Chernin to Quit in Summer

Murdoch bids adieu to top exec who ran Fox film and television

(Newser) - News Corp. President and COO Peter Chernin is parting ways with Rupert Murdoch when his contract runs out in June, the Wall Street Journal reports. The departure comes as the company's stock has plunged more than two thirds over the past year and the media business is in tatters. Chernin,...

NAACP Demands Firing of Post Cartoonist

Controversy continues as NAACP threatens News Corp. boycott

(Newser) - NAACP leaders demanded the firing of the artist and editor responsible for the New York Post's controversial cartoon, reports CNN. Black leaders say the image draws on historically racist imagery by comparing President Obama to a chimpanzee. The NAACP has threatened boycotts of the Post and other News Corp. affiliates...

Cramer Is Fun, Informative, and Mostly Wrong
Cramer Is Fun, Informative, and Mostly Wrong
Analysis
Feb 7, 2009 3:08 PM CST

Cramer Is Fun, Informative, and Mostly Wrong

(Newser) - With Wall Street in shambles, Jim Cramer’s ratings are higher than ever—which is fine as long as you ignore his stock picks, Bill Alpert writes in Barron’s. Cramer doles out thousands of buy/sell recommendations a year that consistently underperform the market. Alpert examined Cramer’s record from...

Hulu Solves Online Video Puzzle, Cashes In
Hulu Solves Online Video Puzzle, Cashes In
ANALYSIS
Feb 6, 2009 2:45 PM CST

Hulu Solves Online Video Puzzle, Cashes In

Site has settled many questions of what works in online video

(Newser) - YouTube established online video as a phenomenon almost instantly. But its user-generated content and lack of quality control made advertisers reluctant to embrace it. How then, to monetize online video? Do users want to stream or download, view through web browsers or special applications? Hulu, the video site run by...

News Corp. Posts $6.4B Loss
 News Corp. Posts $6.4B Loss 
Feb 5, 2009 5:23 PM CST

News Corp. Posts $6.4B Loss

(Newser) - News Corp., the global media giant controlled by Rupert Murdoch, said today it lost $6.4 billion in its most recent quarter because of a massive write-down in the value of its assets. The company, which owns the Wall Street Journal and Fox, also forecast a 30% drop in operating...

Hollywood Reeling From DVD Slump

Disappearing profits threaten movies, star deals

(Newser) - Hollywood studios are faced with huge losses because of a 21% slump in DVD sales and the fallout from the crisis on Wall Street, reports the Financial Times. Studio heads have been forced to cut back on the number of new movies in production and are preparing to trim the...

Idol Ratings Slip, but Still Strong at 30M

Smallest audience since '04 as Fox sees 10% dip

(Newser) - American Idol’s eighth-season opener drew 10% fewer viewers than the previous installment’s premiere, Bloomberg reports. But with 30 million viewers, it still tripled the ratings of nearest rival CBS among viewers aged 18-49. Idol, Fox’s highest-rated show, raised $750 million in ad revenue last year. The judges...

Black Berates Newser Founder From Jail
Black Berates Newser Founder From Jail
OPINION
Dec 17, 2008 1:40 PM CST

Black Berates Newser Founder From Jail

News mogul attacks biography's depiction of rival Murdoch

(Newser) - Convicted felon Conrad Black has skipped time in the exercise yard to pen a review from prison of the new biography of his old rival Rupert Murdoch. Black complains that biographer Michael Wolff is at once too deferential and takes "extreme psychological liberties" in The Man Who Owns the ...

One Year On: Murdoch Dances, News Corp Mourns

Purchase of Dow Jones came at worst possible time

(Newser) - Those hesitant Bancrofts who sold the Wall Street Journal to Rupert Murdoch last year have something to smile about this Christmas. Murdoch may be delighted with his new toy, but News Corp.'s share price has plunged 61%, farther than even perennial underperformer Time Warner. One year after its acquisition...

Murdoch Sees Opportunity in NYT's Troubles

Bio says he'd love to acquire it, make Sulzberger his 'puppet'

(Newser) - First the Journal and next the New York Times? The Economist takes a look at Rupert Murdoch's "ever-stronger" ambition to acquire the Times, as laid out in a new biography, The Man Who Owns the News, by Newser founder Michael Wolff. Murdoch views the Times as his "favorite...

Murdoch Relies More on Impulse Than Vision
Murdoch Relies More
on Impulse Than Vision
analysis
Nov 29, 2008 3:13 PM CST

Murdoch Relies More on Impulse Than Vision

(Newser) - Rupert Murdoch may be a titan of the media world, but don't look too deeply to figure out what motivates him. In fact, the "most radical idea" in a new biography of Murdoch by Newser founder Michael Wolff is "that there was never a vision or a broad...

Has Obama Tipped Murdoch Left?
 Has Obama 
 Tipped Murdoch Left? 
analysis
Nov 17, 2008 9:35 AM CST

Has Obama Tipped Murdoch Left?

NY Post coverage trumpets president-elect

(Newser) - Media watchers have been tracking the post-election New York Post with particular interest: Instead of being dyspeptic over the Democratic presidential win, Rupert Murdoch's gleefully right-wing tabloid has treated Barack Obama to coverage ranging, as the New York Times puts it, "from warm and fuzzy to downright heroic."...

Asian Stocks Dive
 Asian Stocks Dive 
Nov 6, 2008 3:56 AM CST

Asian Stocks Dive

Gains of recent days wiped out as investors switch focus back to slumping economy

(Newser) - Dismal earnings predictions from major companies snapped a three-day gain in Asian markets, Bloomberg reports. Japan's Nikkei index skidded 6.5% after Hyundai, Panasonic, and Isuzu warned that the US slowdown would hit earnings. Hong Kong's Hang Seng dropped 6.4%, while News Corp's Australian shares took a 21% hit—...

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