News Corp Posts

Report: Roku is considering an IPO in the U.S. this year

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Roku is a video streaming service that may be going public later this year, according to sources with Bloomberg. Roku makes set top boxes that connect TVs to the Internet.
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New Corp acquires Storyful for $25 million

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News Corporation has acquired social news agency company Storyful for $25 million. Storyful will run as a stand-alone business within News Corp independently. The company will maintain their existing customers including The Wall Street Journal.
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News Corporation Is Launching Professional Social Network WSJ Profile

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News Corporation is preparing to launch a professional social network called WSJ Profile.  During News Corp’s investor day in New York, Dow Jones CEO Lex Fenwick revealed that they are going to turn the Wall Street Journal into a platform so that users can do more than just reading the news.

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TV Device Company Roku Raises $60 Million

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Roku is a digital TV entertainment company that has raised $60 million in funding led by Fidelity.  Hearst Corporation also participated in this round of funding.  Previous investors that participated in this round include BSkyB, News Corporation, and Dish Network.  Roku has raised a total of $130 million thus far.

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CBS and FOX May Switch To Subscription-Only Model To Fight Against Aereo

Executives at CBS Corporation and News Corporation are planning on making their TV networks a paid subscription because of a court decision that upholds Aereo’s right to stream broadcast TV without having to pay retransmission fees.  FOX and CBS are looking for alternative ways to monetize their TV content including cutting off broadcast signals for a subscription-only model.

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Hulu Is Not For Sale, But They Are Receiving Offers

The high-quality video streaming content website Hulu is not for sale, but they are still receiving offers.  AllThingsD is reporting that several potential acquirers have reached out to Hulu’s corporate parent companies, but they have not made a formal offer yet.

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News Corp Introduces $299 Amplify Android Tablet For Schools

Last summer, News Corp unveiled its new education division called Amplify. Today, Amplify introduced a $299 Android powered tablet designed for K-12 students. The division, which is headed by former New York City schools chief Joel Klein, hopes to revolutionize classroom learning.

The Amplify tablet comes preloaded with educational content. Each tablet requires a $99 annual content subscription. A higher-end tablet, the Amplify Plus, is also available for $349. The Plus tablet requires a $179 annual subscription and includes access to AT&T’s 4G LTE network.

The device is available now.

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“The Daily” Staff Sings Farewell In A Music Video

News Corporation is shutting down The Daily.  This is why their staff members put together this music video to the tune of the song “So Long, Farewell.”  The Daily started as an iPad-only publication in February 2011 and they hit around 100,000 subscribers in their first year.  The subscription was $0.99 per week, but it costed News Corporation around $53 million per year to produce the publication.  A lot of the workers are being laid off and some of them will work for The Post.  Around 50 of the 170 staff members of The Daily was laid off in July.  Check out the music video below:
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