News Corp

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MySpace Jumps Into Games Fray
MySpace Jumps Into Games Fray
Oct 23, 2007 2:42 PM CDT

MySpace Jumps Into Games Fray

(Newser) - There are tens of thousands of people in your extended network, and they might be playing Gem Quest come January. MySpace plans to host hundreds of easy-to-learn online games to, as one company VP put it, “enhance the fun factor”—and grab a slice of the game industry’...

Steroid Peddlers Want to Friend You
Steroid Peddlers Want
to Friend You
Sep 27, 2007 5:33 PM CDT

Steroid Peddlers Want to Friend You

MySpace users nabbed in nationwide drug sting

(Newser) - There were 120 alleged criminals pinched this week in a Connecticut steroids crackdown, but only five are accused of selling drugs on MySpace. Four are accused of purchasing raw Chinese steroid power, manufacturing the drugs in their homes and selling them through the social-networking site, the New York Times reports....

Murdoch May Eliminate WSJ Online Fees

Thinks added ad revenue will make up for losses

(Newser) - Rupert Murdoch said today he would probably eliminate the Wall Street Journal's online subscription fee when News Corp. completes its purchase of the paper in a few months. The media mogul believes that dropping the subscription fee will attract more readers to the site, thereby increasing advertising revenues, the LA ...

NBC Content Will Disappear From iTunes

Standoff over pricing, piracy leaves TV fans caught in the middle

(Newser) - In a move that could hurt both companies, NBC Universal has decided to pull its popular digital videos from Apple’s iTunes store. NBC, Apple’s top supplier of digital video, said it wanted more control over the pricing of its products and greater piracy protection, echoing complaints from other...

MySpace, MTV Team Up to Grill Candidates

Rivals unite to offer individual chats with presidential contenders

(Newser) - MySpace and MTV will team up to host a series of live discussions with individual presidential contenders, Reuters reports. Held on college campuses, the hour-long sessions will offer questions from the audience as well as those submitted during the event by IM or text message. John Edwards will be the...

Journal Ad Revenue Plunges
Journal Ad Revenue Plunges
Aug 13, 2007 11:26 PM CDT

Journal Ad Revenue Plunges

7.2% downturn emphasizes need for bigger push to internet

(Newser) - Ad volume in the print edition of the Wall Street Journal dropped nearly 21% and revenue fell 7.2% compared with last July, Reuters reports. The dip underscores the immediate need for Dow Jones to generate more revenue from online properties, analysts said. Ad revenue from Dow Jones' online news...

Murdoch May Take Journal Online Only

News Corp. could run a paper without paper, subscriptions

(Newser) - Rupert Murdoch’s grab for the Wall Street Journal could mark the demise of hard-copy newspapers and their online subscriptions, Bernhard Warner predicts in Murdoch’s own Times Online. Warner says turning the Journal’s subscription-based website into a free, ad-supported business will be among Murdoch’s top priorities as...

Murdoch Surveys New Empire
Murdoch Surveys New Empire
Aug 1, 2007 5:29 AM CDT

Murdoch Surveys New Empire

Mogul plans all-out global fight vs. NY Times, Financial Times

(Newser) - As Rupert Murdoch celebrates his acquisition of Dow Jones, articles in the new jewel in his crown, the Wall Street Journal, and one of its biggest rivals, the New York Times, speculate about the future. They agree Murdoch will direct a titanic battle for ads and readers against both the...

Murdoch Is 1 Bancroft Away from a Deal

News Corp.-Dow Jones agreement awaits decision by key holdout

(Newser) - Rupert Murdoch is within a Bancroft's breadth of owning Dow Jones, the company's flagship Wall Street Journal reports. A 5pm deadline came and went yesterday without a deal, but the bid has the support of Bancroft family members holding 29% of voting power. If either of two key holdout shareholders...

Murdoch May Cancel Deal Without Votes

News Corp. 'highly unlikely' to buy Dow Jones at current level of support

(Newser) - Rupert Murdoch's News Corp. may balk at a proposed $5B buyout of Wall Street Journal publisher Dow Jones unless more support emerges from the controlling Bancroft family, a spokesman said today. So far the family has promised about 28% of total Dow Jones votes to Murdoch's proposal, but News Corp....

Battling Bancrofts Take Journal Deal Down to Wire

Deadline today on Murdoch's offer

(Newser) - The Bancroft family, which controls the majority of shares in Dow Jones, is so deeply divided over the proposed sale of the Wall Street Journal to Rupert Murdoch that the deal is still too close to call, the Journal reports. A decision on the $5 billion bid is set for...

Major Bancroft Branch to Nix Murdoch Offer

Family trust may force mogul to raise price for Journal

(Newser) - An important faction within the Bancroft family will vote against Rupert Murdoch’s controversial $5 billion deal for Dow Jones, instead demanding a significant increase of his offer. The Denver branch of the family, which owns a crucial 9.1% of Dow Jones voting stock, wants an extra $120 to...

Bancrofts Mull Murdoch Buyout
Bancrofts Mull Murdoch Buyout
Jul 24, 2007 6:20 AM CDT

Bancrofts Mull Murdoch Buyout

Final decision on offer expected by end of week

(Newser) - The Bancroft family met yesterday in Boston to consider Rupert Murdoch's $5B offer for Dow Jones, but is expected to take at least until Friday to vote on the deal, Reuters reports. Christopher Bancroft, who opposes the sale, showed up sporting a baseball cap with the words "Bite me"...

Low-Key Lawyer to Moderate Dow Buyout

Attorney will mediate Bancrofts sit-down, then tally the votes

(Newser) - One man stands between News Corp. chief Rupert Murdoch and the Dow Jones-controlling Bancroft Family: a reserved, unassuming Boston lawyer named Michael B. Elefante, who has managed most of the Bancrofts' trust accounts for decades. Next week, beginning with Monday's strictly informational meeting, Elefante will mediate the $5B transaction.

Dow Jones Approves $5B Murdoch Deal
Dow Jones Approves $5B Murdoch Deal
Jul 18, 2007 5:12 AM CDT

Dow Jones Approves $5B Murdoch Deal

Journal takeover could still hit a wall with Bancroft famiy

(Newser) - Publisher Rupert Murdoch took a critical step towards control of the Wall Street Journal last night, as the Dow Jones board voted to approve a $5 billion sale of the company to the media magnate. Whether the majority-owning Bancroft family will also approve the deal is too close to call,...

Bancrofts Seek to Stymie Murdoch
Bancrofts Seek to Stymie Murdoch
Jul 16, 2007 7:37 AM CDT

Bancrofts Seek to Stymie Murdoch

Two family members try to thwart sale of Dow Jones to tycoon

(Newser) - Two members of the Dow Jones-controlling Bancrofts are making last-ditch efforts to block Rupert Murdoch from buying the Wall Street Journal publisher. Christopher Bancroft is frantically trying to gather the $2.55 billion he'd need to buy 51% of voting shares and block the sale on his own, while his...

Fox Business Sets a Date
Fox Business Sets a Date
Jul 12, 2007 2:10 PM CDT

Fox Business Sets a Date

Dow Jones deal uncertainty won't keep upstart network from October launch

(Newser) - With 30 million potential viewers already lined up, News Corp. will launch its new Fox Business Network on October 15. The cable channel will make its debut whether or not the pending Dow Jones deal is done, the Motley Fool reports, with Neil Cavuto at the helm and the onetime...

Rivals Team Up on 11th-Hour Dow Offer

Greenspan, Burkle hatch partial buyout option for W SJ owner

(Newser) - Supermarket billionaire Ron Burkle and former MySpace CEO Brad Greenspan may join forces to make at least a partial bid for the Wall Street Journal's parent company, say sources close to the discussions. The pair met yesterday with members of the Dow Jones board to craft an alternative to Rupert...

Panel to Shield Journal Editors
Panel to Shield Journal Editors
Jun 29, 2007 5:38 AM CDT

Panel to Shield Journal Editors

In latest deal, hybrid board would hire and fire key staffers

(Newser) - A watchdog committee, not would-be owner Rupert Murdoch, would hire and fire editors under a tentative pact to protect the editorial independence of the Wall Street Journal,  a source familiar with details of the deal tells MarketWatch. Members of the panel would be chosen by Murdoch's News Corp., Dow...

Journal Employees Stage Anti-Murdoch Protest

Union action relates to pending deal, labor talks

(Newser) - Wall Street Journal employees around the country were intentionally late for work today in a job action to protest News Corp.'s impending purchase of Dow Jones. The union representing reporters coordinated the demonstration, Forbes reports, to give a collective thumbs-down to Rupert Murdoch and to protest recent developments in...

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