- My Exclusive Interview With Bob Iger
- Activision Blizzard's "Modern Warfare 2" Sales Break Records
- Disney's CFO-Theme Park Chairman Executive Swap
- What to Expect From Disney Earnings?
- Ahead of Earnings Disney Restructures Studio
- Murdoch Lashes Out At Google
- Why Google is Paying $750 Million for Ad Mob
- Modern Warfare 2's Record-Breaking Launch
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
- Disney's 'Carol' Tests Widest 3-D Release Ever
More Videos
- My Exclusive Interview With Bob Iger
- Activision Blizzard's "Modern Warfare 2" Sales Break Records
- Disney's CFO-Theme Park Chairman Executive Swap
- What to Expect From Disney Earnings?
- Ahead of Earnings Disney Restructures Studio
- Murdoch Lashes Out At Google
- Why Google is Paying $750 Million for Ad Mob
- Modern Warfare 2's Record-Breaking Launch
- Food Network, HGTV Drive Scripps Networks' Upside Surprise
- Disney's 'Carol' Tests Widest 3-D Release Ever
RSS FEED
MOST SHARED
- Today's Market Action
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- Seeking Innovation in Health Care
- Warren Buffett and Bill Gates: Keeping America Great
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- Israel: Leader of Business Innovation
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- Week Ahead: Investors Go for Quality, Assess Recovery
- Low Interest Rate Investing
- Herbalife Vs. Hedge Funds
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- First Time Buyers Rescue Housing: Realtors
- Dollar General Trades Higher After Its IPO
- Fed Reform? Not So Fast.
- White House Plans to Freeze Spending to Cut Deficit
- Week Ahead: Investors Go for Quality, Assess Recovery
- Hedge Fund Billionaire Paulson Reports New Citi Stake
- Cramer: 5 Earnings Reports to Watch Next Week
- Court Rejects 'Clawbacks' for Alleged Stanford Victims
- Cities With the Most Home Price Reductions
- Tax Credit Sparking First-Time Home Sales: Realtors
- Investors Cut Back US Stocks for Bigger Growth Abroad
- This Year's Biggest Thanksgiving Leftover: Cash
Media Money
Text Size 
 |
Mark Lennihan / AP News Corp.'s headquarters in New York. |
The day after its earnings announcement, NWS [NWS
Loading...
()
] is trading up (at this posting). The company announced its profit more than tripled thanks to its sale of DirecTV and stock exchange with Liberty Media [LCAPA
Loading...
()
] . Meanwhile NWS revenue was up 16 percent to $8.75 million, beating analyst estimates (according to Bloomberg).
The big winner is Fox TV. Thanks to the most-watched Super Bowl ever and the success of "American Idol" growing thanks to the writers' strike, profit of Fox TV grew 54 percent (oof!). Meanwhile Fox Interactive (which includes MySpace) narrowed its loss to $7 million from $104 million as sales increased 17 percent.
CEO Rupert Murdoch faces lots of questions about what he's planning for MySpace, especially now that Yahoo [YHOO
Loading...
()
] is again in play since Microsoft [MSFT
Loading...
()
] dropped its bid. COO Peter Chernin said on the post-earnings conference call that the company is "open to strategic talks about MySpace" and is also open to keeping it as a standalone unit. As to whether the company's in talks with Yahoo, Microsoft, or AOL, Chernin said NO.
Murdoch also faces questions about his plans to purchase Newsday, a plan that's challenged by New York Daily News owner Mort Zuckerman. Murdoch says he plans to wrap up a deal for Newsday in the next week. He justified the potential investment by saying it would bring $100 million to his company's cash flow each year, while giving economies of scale with his other NewYork-based newspapers.
Between plans for MySpace and for Newsday, we're looking for lots of news from Murdoch in the near future.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes