May 9- Wall Street Journal-owner News Corp reported a surprise quarterly profit on Thursday, driven by strong growth in earnings at its book publishing and subscription video services units. Revenue from book publishing rose about 6 percent to $421 million, and the segment's earnings before interest, tax, amortization and depreciation jumped 29 percent to...
Net income available to stockholders was $10 million, or 2 cents per share, in the three months ended March. 31, compared with a loss of $1.13 billion, or $1.94 per share, a year earlier. The company, controlled by media mogul Rupert Murdoch, said revenue rose to $2.46 billion from $2.09 billion. Thomson Reuters Inc, the parent of Reuters News, competes with News Corp's...
LOS ANGELES, May 7- Walt Disney Co on Tuesday pushed back the release of James Cameron's sequel to box-office champion "Avatar" by a year, to December 2021, and announced debut dates for new "Star Wars" films starting in December 2022. With the sequel now scheduled for December 2020, Disney moved "Avatar 3" to December 2023, "Avatar 4" to December 2025 and "Avatar 5" to December...
LOS ANGELES, May 7- Walt Disney Co on Tuesday pushed back the release of science-fiction sequel "Avatar 2" by a year to December 2021 and announced it will debut new "Star Wars" films in December 2022, 2024 and 2026.. "Avatar," the story of a blue, humanoid race on a lush moon known as Pandora, is the highest-grossing movie in history with $2.8 billion in global ticket sales,...
LOS ANGELES, May 7- Walt Disney Co pushed back the release of science-fiction sequel "Avatar 2" by a year to December 2021 and announced it will debut new "Star Wars" films in December 2022, 2024 and 2026..
BURBANK, Calif., April 11- Walt Disney Co on Thursday said its new family-friendly streaming service will cost $7 monthly or $70 annually with a slate of exclusive TV shows and movies from some of the world's most popular entertainment franchises in a bid to challenge the digital dominance of Netflix. Disney kicked off its presentation to Wall Street analysts at...
In addition to Disney films and TV shows, it will feature programming from the Marvel superhero universe, the "Star Wars" galaxy, "Toy Story" creator Pixar animation and the National Geographic channel. Disney kicked off its presentation to Wall Street analysts at its Burbank, California, headquarters on Thursday with a video that demonstrated the breadth of its...
BURBANK, Calif., April 11- Walt Disney Co on Thursday will unveil a family-friendly streaming service with TV shows and movies from some of the world's most popular entertainment franchises in a bid to challenge the digital dominance of Netflix. Disney is hosting Wall Street analysts at its Burbank, California, headquarters to showcase the Disney+ app and...
April 8- Daniel Loeb's hedge fund Third Point LLC is building a stake in Sony Corp to push for changes that include shedding some businesses, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Monday. Once a market leader in consumer electronics, Sony is now in the midst of a turnaround effort...
LONDON, March 25- World stocks hit a 12- day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany. The Ifo report cushioned some of the falls for European stocks with indexes in Frankfurt and Paris easing 0.2 percent. London's FTSE fell 0.5...
LONDON, March 25- World stocks hit a 12- day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany. The Ifo Institute's March business climate index unexpectedly rose, soothing nerves after Friday's dismal German manufacturing data, which...
*MSCI ex- Japan falls 1.5 pct, Nikkei hits 5- week trough. The gloomy mood was expected to spread across Europe and U.S. markets, Spreadbetters showed, with London's FTSE futures off 0.3 percent and E-minis for the S&P 500 skidding 0.5 percent. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.5 percent to a one-week trough in a broad equities...
SYDNEY, March 25- The Japanese yen hovered near a six-week high on Monday while Asian shares are expected to start lower as risk assets fell out of favour on growing worries about an impending U.S. recession, sending global bond yields plunging. In Asia, Nikkei futures pointed to a weak start for Japan. Investors also kept one eye on the details of a nearly two-year...
Apple's subscription news product will be missing major publications, like The New York Times.
NEW YORK, March 21- Apple Inc is expected to launch an ambitious new entertainment and paid digital news service on Monday, as the iPhone maker pushes back against streaming video leader Netflix Inc. But it likely will not feature the New York Times Co.. Thompson, who took over as New York Times CEO in 2012 and has overseen a massive expansion in its online...
*Markets look past mixed reports on U.S.- China trade talks. Wall Street's main indexes hit session lows after Bloomberg reported some U.S. officials were concerned that China was pushing back against American demands in trade talks. Meanwhile, the Wall Street Journal reported that the U.S.- China trade talks were in the final stages and U.S.
The new Fox Corp. begin trading publicly following the completion of Walt Disney's purchase of 21st Century Fox.
March 19- Fox Corp debuted on the Nasdaq on Tuesday, marking a new phase for billionaire Rupert Murdoch's media business after the $71 billion sale of Twenty-First Century Fox Inc's film and television assets to Walt Disney Co.. House Speaker Paul Ryan, Chief Executive Officer of Formula One Group Chase Carey and two others to its board. Meanwhile, Disney's deal...
March 19- Fox Corp on Tuesday appointed former U.S. House Speaker Paul Ryan, Chief Executive Officer of Formula One Group Chase Carey and two others to its board. The newly spun-off media company, which will mark a new phase for billionaire Rupert Murdoch's media business, will debut on the Nasdaq on Tuesday.
WASHINGTON, March 6- The Democratic National Committee on Wednesday said it will not allow Fox News to host any of its candidates' political debates through 2020, citing a report this week about the conservative channel's ties to U.S. "Recent reporting in the New Yorker on the inappropriate relationship between President Trump, his administration and Fox News...
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