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News Corp said it would take a charge of $1.2 billion to $1.4 billion in the current quarter to write down assets related to its publishing unit.
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May 24- News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment operations. Analysts were expecting News Corp to report a pretax profit of $1.4 billion, according to Thomson Reuters I/B/E/S.
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News Corp said it would take a charge of $1.2 billion to $1.4 billion in the current quarter to write down assets related to its publishing unit.
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Comcast Corp. rose$. 13 or. 3 percent, to $41.95. Walt Disney Co. rose$. 26 or. 4 percent, to $65.49. Gannett rose$. 02 or. 1 percent, to $21.16.
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Yahoo has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp. and Walt Disney.
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LOS ANGELES/ NEW YORK, May 24- Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday. Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr.
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LOS ANGELES, May 24- Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday. Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr.
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Comcast Corp. fell$. 13 or. 3 percent, to $41.69. Walt Disney Co. fell$. 42 or. 6 percent, to $64.81. Gannett fell$. 17 or. 8 percent, to $20.98.
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May 24- News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away. The board of the publishing business, which will retain the News Corp name, authorized a $500 million stock repurchase program, the company said on Friday.
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Comcast Corp. fell$. 37 or. 9 percent, to $41.46. Gannett fell$. 18 or. 9 percent, to $20.96. New York Times Co. fell$. 18 or 1.8 percent, to $10.03.
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May 24- News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away.
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NEW YORK-- CBS strengthened its dominance over the television industry this year at the same time that the unprecedented reign of "American Idol" came to a close. For the 10th time in 11 years, CBS was the nation's most-watched network, the Nielsen company said Thursday. In prime time through May 19, CBS averaged 11.85 million viewers this season.
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May 24- News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away. The board of the publishing business, which will retain the News Corp name, authorized a $500 million stock repurchase program, the company said on Friday.
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LOS ANGELES, May 23- Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of the matter told Reuters, triggering a tug-of-war for the online video service. Satellite operator DirecTV and cable operator Time Warner Cable Inc also put in bids, one of the people told Reuters.
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A federal judge expressed a tentative view that the U.S. Justice Department will be able to show evidence that Apple engaged in a conspiracy to increase e-book prices.
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LOS ANGELES, May 23- Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of the matter told Reuters, triggering a tug-of-war for the online video service. Satellite operator DirecTV also put in a bid, one of the people told Reuters.
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LOS ANGELES, May 23- Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of the matter told Reuters, triggering a tug-of-war for the online video service.
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Comcast Corp. rose$. 04 or. 1 percent, to $41.82. Walt Disney Co. fell$. 34 or. 5 percent, to $65.23. Gannett fell$. 01 or percent, to $21.14.
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Comcast Corp. fell$. 10 or. 2 percent, to $41.68. Walt Disney Co. fell$. 24 or. 4 percent, to $65.33. Gannett fell$. 04 or. 2 percent, to $21.11.
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Comcast Corp. fell$. 28 or. 7 percent, to $41.50. Walt Disney Co. fell $1.02 or 1.6 percent, to $64.55. Gannett fell$. 54 or 2.6 percent, to $20.61.
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Comcast Corp. fell$. 45 or 1.1 percent, to $41.78. Walt Disney Co. fell$. 26 or. 4 percent, to $65.57. Gannett fell$. 39 or 1.8 percent, to $21.15.