Kara Swisher, Re/code co-executive editor, weighs in on Rupert Murdoch's rant on Twitter about piracy and hypocrisy at Google. Murdoch claimed privacy at Google was worse than the NSA.» Read More
*Equities have come under pressure because of the problems between Russia and Ukraine, with the S&P 500 at one point down about 4 percent from a record closing high in late July. *The gain implied by futures came despite ongoing concerns about the region, with Ukraine reporting that Russia had massed 45,000 troops on its border.
Aug 11- Hedge fund ValueAct Capital LLC said it had taken a $1 billion stake in Rupert Murdoch- controlled film and TV company Twenty-First Century Fox Inc.. Fox withdrew its $80 billion bid to buy Time Warner Inc last week after being rebuffed by the owner of CNN, HBO and Warner Bros studios.
Aug 11- Hedge fund ValueAct Capital LLC has taken a $1 billion stake in Rupert Murdoch- controlled film and TV company Twenty-First Century Fox Inc, CNBC reported. ValueAct built its position when Fox was seeking to buy Time Warner Inc, CNBC's David Faber said.
Aug 7- News Corp, publisher of the Wall Street Journal, reported better-than-expected quarterly revenue as growth in its book publishing business helped to make up for a decline in revenue in its bigger news and information division.
NEW YORK— Media company News Corp. said Thursday its fiscal fourth-quarter net income swung to a profit as the company completed its first full year as a stand-alone print-focused business.
Aug 7- News Corp, publisher of the Wall Street Journal, reported a 3 percent decline in quarterly revenue as advertising sales remained weak and subscription income fell.
21st Century Fox beat the Street's estimates, and CNBC's Jim Cramer says the conference call was really well done.
While “neutral” on the potential deal, Mario Gabelli did say on “Squawk Box” that he expects to continue to benefit from owning both stocks.
Michael Wolf, Activate co-founder, and Mario Gabelli, GAMCO Investors chairman & CEO, discuss Rupert Murdoch's next move after withdrawing its bid for Time Warner, and weigh in on mergers and acquisitions in the media space.
Mario Gabelli, GAMCO Investors chairman & CEO, weighs in on the tax inversion debate.
Mario Gabelli, GAMCO Investors chairman & CEO, provides his take on Rupert Murdoch withdrawing his $80 billion offer for Time Warner.
BRUSSELS, Aug 7- European Union antitrust regulators will decide by Sept. 11 whether to clear British broadcaster BSkyB's planned $9 billion takeover of Rupert Murdoch's pay-TV companies in Germany and Italy, the European Commission said on Thursday.
Aug 6- Twenty-First Century Fox Inc, the film and TV company controlled by Rupert Murdoch, reported a quarterly profit that beat Wall Street's expectations as executives stressed that they would not make a new bid for Time Warner Inc.. Fox on Tuesday withdrew the $80 billion offer that Time Warner had rejected.
*Time Warner posts higher-than-expected profit, sets buyback. Aug 6- Time Warner Inc will not have to worry about any overtures from Twenty-First Century Fox for the foreseeable future. We have no plans to pursue any other third party content company as an alternative to Time Warner. "
Aug 6- Twenty-First Century Fox Inc, the film and TV company controlled by Rupert Murdoch, reported quarterly revenue and profit that exceeded analysts' expectations, helped by the box-office success of films such as "X-Men: Days of Future Past".
Time Warner's Jeff Bewkes unveiled a vision for unlocking potential across Time Warner's business, and particularly that crown jewel of HBO.
Aug 6- Twenty-First Century Fox Inc, the film and TV company controlled by Rupert Murdoch, reported a 16.8 percent rise in quarterly revenue, helped by the box office success of films such as "X-Men: Days of Future Past" and growth in its cable network business.
*Russia has 20,000 troops on Ukraine border- NATO. NEW YORK, Aug 6- U.S. stocks rose on Wednesday after buyers stepped in as the S&P 500 hit a more than two-month low, but concern about an escalation of the Russia- Ukraine conflict and two nixed deals weighed on sentiment.
Aug 6- Time Warner Inc Chief Executive Jeff Bewkes opened his remarks during the company's second quarter earnings call on Wednesday vowing he would not discuss Twenty-First Century Fox's stunning turnabout to pull its offer to buy Time Warner.
Time Warner beat quarterly profit estimates, but the news failed to prevent its shares from tumbling more than 10 percent.