News Corp

News Corp. Countersues Heinz in Advertising Clash

Heinz and Rupert Murdoch's News Corp have sued each other in two different federal courts, a sign that an advertiser mutiny against News and its alleged monopolistic practices is spreading. Previously, News was sued by Dial Corp over similar allegations.

Market Minute: Time Warner Cable Wins Dodgers TV Deal

Time Warner Cable has won a contract to carry Los Angeles Dodgers games for at least the next two decades starting in 2014, snatching the games away from Fox Sports after this year's baseball season ends, according to a person familiar with the matter.

We're Watching Less Network TV: Guess What We're Doing Instead

Fresh data from ratings tracker Nielsen shows an alarming drop in television viewership. ABC, Fox, CBS and NBC have combined for a 9 percent drop in viewers in the coveted 18-to-49 age bracket since the fall season began. Media executives are worried, and rightfully so.

This Week's 5 Best Moves and Blunders in Business

Companies can do brilliant things, but there are also times where they fall flat on their faces. Sometimes CEOs can save the day, but at other times, they say and do the darndest things. There were plenty of winners and blunders this week: These were my favorites.

The Yankees Score Big with a $1.5 Billion TV Deal

The New York Yankees are a money-making machine and on Tuesday, the company's television subsidiary cashed in. The YES Network is selling 49 percent of its business in a deal that values the network at $3 billion. And the numbers get even bigger from there.

Newsweek to End Print Edition, Go All Digital

Newsweek plans to end its print publication after 80 years and will shift to an all-digital format aimed at online users starting in early 2013. Job cuts are expected. Newsweek's last U.S. print edition will be its Dec. 31 issue.

The New York Times Gets a British Accent

America's flagship newspaper reaches across the pond for a chief executive who can engineer its turnaround. Will the former head of the BBC be able to make the Timesturn a profit?

News Corp. Confirms Plans to Split Company in Two

Rupert Murdoch's News Corp. said Thursday that it plans to split into two companies, one holding its newspapers and the other its entertainment operations. The Murdoch family, which controls nearly 40% of News Corp.'s voting shares, is expected to maintain control of both.

SmartMoney Cashes Out: Popular Financial Magazine Bites the Dust

Say farewell to SmartMoney. The glossy yet insightful monthly magazine isn't dying for a lack of readers: It has more than 800,000 subscribers. But with ad sales floundering and expenses rising, Dow Jones has been forced to turn it into an online-only publication.

Did Warren Buffett Just Save the Newspaper Industry?

Last week, Warren Buffett moved to save Media General, paying $142 million to buy 63 of its struggling newspapers. The move helps backstop the newspaper industry, giving it breathing room to figure out a way to survive in the Internet age.