Twenty-First Century Fox said its 14 pounds per share bid for Sky will remain open for acceptances until October 6.
Sept 7- Verizon Communications Inc's head of media and advertising business Tim Armstrong is in talks to leave the U.S. wireless carrier, the Wall Street Journal reported on Friday, citing people familiar with the matter. Armstrong, who came to Verizon in 2015 from AOL after the company bought the online service provider for $4.4 billion, served as chief...
Sept 2- Pay-TV group Sky plans to step up investments in tech start-ups in Europe and the Middle East by opening a new office in Germany and investing $4 million in an Israeli venture capital fund. Europe's biggest pay-TV group has built one of the most technically-advanced platforms in Europe, helped in part by investments and partnerships it has made with more...
LONDON, Aug 23- Europe's new data privacy law has put a small army of tech firms that track people online in jeopardy and is strengthening the hand of giants such as Google and Facebook in the $200 billion global digital advertising industry. The General Data Protection Regulation brought in by the European Union in May is designed to protect personal...
Executives are permitted to disclose market-moving information on social media. But Musk has provided regulators with ample opportunity to re-examine the policy.
News Corp topped Wall Street profit targets, as it benefited from gains at its newly acquired TV network and recorded double-digit growth in its real-estate listings and book publishing businesses.
Aug 9- News Corp topped Wall Street profit targets on Thursday, as it benefited from gains at its newly acquired TV network and recorded double-digit growth in its real-estate listings and book publishing businesses. Australian pay TV company Foxtel, which Rupert Murdoch- controlled News Corp acquired earlier this year, contributed $610 million to News...
Aug 9- News Corp's quarterly revenue rose nearly 30 percent as the newspaper and book publisher benefited from growth at its newly acquired TV network business and online real-estate listings unit. News Corp, home to the Wall Street Journal, said on Thursday net loss attributable to shareholders narrowed to $372 million or 64 cents per share in the fourth...
Aug 8- Twenty-First Century Fox Inc's quarterly profit and revenue topped Wall Street targets on Wednesday, thanks to the popularity of edgy superhero movie "Deadpool 2" and as the company's cable unit earned higher fees from distributors. The cash-and-stock transaction has already won approval from U.S. regulators, but awaits the green light from more than a...
The cash and stock transaction has already received approval from U.S. regulators, but awaits approval from more than a dozen countries, including China and Russia and regulators from the European Union. Revenue from Fox's cable division, home to the Fox News and FX channels, rose 13.8 percent to $4.93 billion in the fourth quarter ended June 30, accounting for...
Aug 8- Twenty-First Century Fox Inc's quarterly revenue jumped 17.7 percent as the Rupert Murdoch-controlled media company received higher fees from cable distributors. Fox said on Wednesday net income attributable to shareholders increased to $920 million or 49 cents per share in the fourth quarter ended June 30, from $476 million or 26 cents per share a...
Twenty-First Century Fox reported fiscal fourth-quarter earnings that beat analysts' expectations for both earnings per share and revenue on Wednesday.
Aug 7- Walt Disney Co missed Wall Street profit targets on Tuesday as it lost more subscribers at its cable sports network ESPN and invested in technology and programming to try and capture audiences migrating to streaming television. Disney reported earnings of $1.87 per share excluding certain items, an increase from a year earlier but below Wall Street's...
Aug 7- Walt Disney Co missed Wall Street estimates for quarterly profit on Tuesday due to higher programming costs and another drop in subscribers at ESPN. As a counter, Disney is buying the film and television assets of Rupert Murdoch's Twenty-First Century Fox Inc for $71 billion and said in August 2017 it would develop its own streaming services to grab...
NEW YORK, July 27- Twenty-First Century Fox Inc and Walt Disney Co said on Friday their shareholders voted to approve Disney's $71 billion purchase of Fox's film and television assets. Shares of Fox were down slightly, by 0.3 percent to $45.25 in afternoon trading, while Disney shares were down 0.7 percent to $112.70. Disney still needs deal approval from more...
NEW YORK, July 27- Twenty-First Century Fox Inc said on Friday its shareholders voted to approve Walt Disney Co's $71 billion purchase of its film and television assets. Shares of Fox were down slightly by 0.3 percent to $45.25 in morning trading, while Disney shares were down 0.5 percent to $112.93. Fox will separate the Fox Broadcasting network and stations, Fox...
NEW YORK, July 27- Twenty-First Century Fox Inc said on Friday its shareholders voted to approve Walt Disney Co's $71 billion purchase of its film and television assets. In an agreement with the U.S. Department of Justice, Disney, which owns sports network ESPN, said it would divest 22 of Fox's regional sports networks. Fox will separate the Fox Broadcasting...
LONDON, July 26- Sky, the pay-TV group at the centre of a bidding war between Rupert Murdoch's Fox and Comcast, reported a 9 percent rise in full-year core earnings on Thursday after it added more than 500,000 customers across its European operations. Chief executive Jeremy Darroch said it had been an "exceptional year" for the UK- based broadcaster and it was...
LONDON, July 26- Sky, the pay-TV group at the centre of a bidding war between Rupert Murdoch's Fox and Comcast, reported a 9 percent rise in full-year core earnings on Thursday after it added more than 500,000 customers across its European operations. Comcast is leading the race to buy Sky after it offered 14.75 pounds a share offer, valuing the group at $34 billion,...
Comcast is ratcheting up the pressure on Disney over its pursuit of Sky, analysts told CNBC on Friday, shortly after it dropped out of the race to acquire Twenty-First Century Fox.
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