news corp

U.K. Approves Murdoch's Takeover of BSkyB

Rupert Murdoch's global media empire is poised to grow ever bigger after the British government approved plans by News Corp. to buy full control of satellite TV operator British Sky Broadcasting Group PLC.

Can Social Media Be Used to Incite Corporate Revolutions?

Social media played a key role in the successful revolutions in Tunisia and Egypt, and more dictatorial regimes are facing protesters who use the Internet as a weapon. But could the power of social networking create similar revolutionary changes in the corporate world?

Apple Expands Subscription-Billing Service

Apple is broadening the content subscription-billing service it started earlier the month with News Corp.'s The Daily electronic newspaper to other magazines, newspapers, video providers and other content sources, as the company looks to further benefit from the growing contingent of people getting their news on portable devices.

iPad 2 Prototype Pops Up at Launch of The Daily

News Corp's launch of The Daily, its highly-touted online newspaper designed for the iPad, apparently featured more than just the latest stories out of Egypt. The publication's debut was shown on an unreleased version of Apple's iPad featuring dual front- and rear-facing cameras.

Can Al Jazeera Capitalize on Its Newfound Popularity?

The Qatar-based network is getting international kudos for its coverage of the growing Middle East crisis. But acclaim and a growing audience don't yet equal profits and market share for Al Jazeera, which has almost certainly been losing money since its launch in 1996.

Is News Corp About to Unfriend Money-Losing MySpace?

Social networking pioneer MySpace could find itself going solo again soon. Its owner, News Corp, is considering a potential sale or spin-off of the social network as it looks for a way to stem the tens of millions of dollars in losses it's taking from the unit, according to a Bloomberg report.

News Corp. to Launch Digital Newspaper on Jan. 19

News Corp. (NWS) will launch its much-anticipated digital newspaper for tablet computers on January 19. Rupert Murdoch, chairman of News Corp., and Apple (AAPL) CEO Steve Jobs will both attend the launch, Reuters reported without naming its sources.

Disney and Yahoo Eye an Internet TV Deal

Disney is considering lending some of the keys to its television kingdom to Yahoo for its Yahoo Connected TV. If Yahoo is successful in inking such a deal, it would bolster its Internet TV efforts and put on better footing to compete against rival products such as Google TV and Apple TV.

Hulu Reportedly Puts IPO Plans on Hold

Video website Hulu LLC has put its IPO plans on hold and is considering other options to raise cash, The Wall Street Journal reported. The site may look to existing owners for more cash, The Wall Street Journal reported without naming its sources. Media companies including News Corp. (NWS) and Walt Disney (DIS) are investors in Hulu. News Corp. also owns The Wall Street Journal.

Twitter May Raise Money as Web 2.0 Values Soar

Twitter is mulling a new round of funding that could value the company at over $3 billion. This news comes just as Google is in negotiations to buy Groupon for as much as $6 billion. Other large web 2.0 companies have also been given lofty valuations as well.

News Corp. Would Consider Selling MySpace

News Corp. (NWS) would consider selling MySpace after reworking the social network into an entertainment website. News Corp. would consider a sale or partnership of the site, Chief Operating Officer Chase Carey told Reuters.

Richard Branson Latest Mogul to Launch an iPad Magazine

Richard Branson is pushing beyond the revenue curve with a new iPad magazine he plans to show to the public next week. The British mogul bills it as a as a paperless "revolutionary multimedia" publication. First word of the project -- dubbed, simply, Project -- leaked out in July, but the effort has been kept under tight wraps.

Church of England Opposes Murdoch Bid for BSkyB

Rupert Murdoch may face opposition from a higher power in his bid to take full control of British satellite TV provider BSkyB. The Church of England said that it opposes News Corp.%u2019s (NWS) plans for BSkyB, saying that such a deal would allow News Corp. to "dominate" the country%u2019s media, The New York Times reported.

Gawker Is on Shaky Legal Ground Over Sarah Palin Book Excerpts

When Sarah Palin protested after gossip site Gawker posted pages from her upcoming book America By Heart, Gawker taunted her for her lack of knowledge about copyright law. But a federal judge has ordered Gawker to take the pages down temporarily.

MySpace Launches 'Mashup' Feature With Facebook

In the "If you can't beat 'em, join 'em" department, MySpace launched a feature that lets users import interests from their Facebook profiles to give MySpace pages a broader stream of entertainment content.

Hulu Drops Price on Subscriptions After Traffic Dips

Hulu lowered the price of its newly launched Hulu Plus subscription service by $2 to $7.99 Wednesday, just days after the online streaming video service saw its rank decline on a closely watched Internet ranking service for the month of October.