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“#News Corp. 3Q beats Wall Street expectations” News Corp. beat Wall Street’s expectations for the quarter ended in March as it moved toward its most profitable year since it split off its entertainment arm in 2013. The company posted third-quarter revenues of $2.34 billion, up 3 percent jump over last year — beatings analysts’ expectations…
“#News Corp to buy Houghton Mifflin consumer books for $349M” Publishing giant News Corp. is buying Houghton Mifflin’s consumer books division for $349 million as demand for printed reading material skyrockets. Houghton Mifflin’s HMH Books & Media book division — publisher of J.R.R. Tolkien and the Curious George series of children’s books — will be…
“#News Corp. to buy Investors Business Daily for $275M” News Corp. on Thursday said it has agreed to buy Investors Business Daily for $275 million, a deal that will beef up the company’s portfolio of financial news publications. IBD, which is being sold by O’Neil Capital Management, will continue with its 130 employees headquartered in…
“#News Corp. agrees to three-year deal with Facebook in Australia” News Corp. on Monday said it has reached a new three-year deal with Facebook in Australia — one of the first major deals announced since that country last month passed a law effectively forcing tech titans to pay for news content they link to on…
“#News Corp and Google reach global news sharing deal” News Corp., the parent company of the New York Post and the Wall Street Journal, said it has reached a three-year agreement to provide content from its news sites around the globe to Google in exchange for “significant payments” from the search giant. The deal appears…
“#Google to start paying UK news publishers for content” Google is rolling out a plan to pay for news to the UK. The web search giant, which has been under pressure to share digital ad revenue with web content providers that drive traffic to its services, said it has signed deals to pay licensing fees to…
“#News Corp reports record 2Q profits amid focus on digital” News Corp on Thursday recorded its most profitable quarter since it spun off its publishing assets into a separate company from its TV assets more than seven years ago — including record earnings at The New York Post. The Big Apple company touted growth across…
“#Keith Poole to take the helm at the New York Post Group” The deputy editor-in-chief of The Sun is crossing the Atlantic in March to head the New York Post Group as the paper grows its digital presence. Keith Poole is the first person to be tapped as editor-in-chief of the New York Post Group,…
“#Three suitors still in for Simon & Schuster” Bids for Simon & Schuster are due next week, and there are reportedly three suitors still in the race: News Corp, Bertelsmann and Vivendi. Meanwhile, News Corp CEO Robert Thomson is warning of antitrust concerns if Bertelsmann — already the world’s largest publisher thanks to ownership of…
“#News Corp stock surges on better-than-expected quarterly profits” Shares of News Corp. surged 10 percent on Friday after the publishing giant said it swung to profit with better-than-expected quarterly results. The parent of the New York Post and the Wall Street Journal posted a fiscal first-quarter profit of 8 cents a share on an adjusted…