Tag Archives: News Corporation

Next Issue Media Is The “Netflix For Digital Magazines”

Posted on April 4, 2012 by Amit Chowdhry

Next Issue Logo
Even though the iPad has been around for two years, it has not made much of an impact on the digital magazine market. Digital magazines make up only 1% of the industry circulation total and the publishers know that this could be a problem. This is why Next Issue Media has announced an Android app, which encourages users to read more publications on their tablet. Next Issue is a joint venture between five magazine publishers: Conde Nast, Hearst, Meredeth, News Corp. and Time Inc.
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Hulu Planning To Raise Additional Funding For Expansion Into Original Programming

Posted on January 15, 2012 by Amit Chowdhry


Online TV service Hulu.com, the company that is owned by ABC, NBC, and Fox is intensifying their competition against Nextflix and they are planning to raise money to expand into more original programming. Hulu is releasing their first scripted show “Battleground” on February 14th and is weighing an option to raise cash this year according to chief content officer Andy Forssell.
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Hulu Makes $420 Million In 2011 Revenues

Posted on January 12, 2012 by Amit Chowdhry


Hulu.com, the joint venture video streaming company of NBCUniversal, Fox Entertainment Group, and Disney, has reported their 2011 numbers and they are BIG! Hulu has grown 60% from 2010 to $420 million in revenues despite the slow economy, which directly affects the advertising market. Hulu’s ad business grew aggressively and Hulu Plus helped their revenues shoot up from between $200-$300 million in 2010.
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News Corp Chairman and CEO Rupert Murdoch Joins Twitter

Posted on January 1, 2012 by Amit Chowdhry


Rupert Murdoch, chairman and CEO of News Corporation, has decided to share his thoughts by joining Twitter (@rupertmurdoch). The account has been confirmed and he has already sent out tweets about his trip in St. Barths and what he thinks about the Steve Jobs biography. Below are some additional tweets:
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News Corporation Lost $254 Million On MySpace Acquisition

Posted on August 15, 2011 by Amit Chowdhry


News Corporation (NASDAQ:NWSA) had lost $254 million on their acquisition of MySpace said News Corp. This pushed News Corp.’s Q4 net income down 22% to $683 million.
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LulzSec Hacks The Sun Newspaper Website

Posted on July 18, 2011 by Amit Chowdhry


Hacker group Lulzsec had successfully broke into the The Sun UK’s website and redirected it to their Twitter account. “We have owned Sun/News of the World,” wrote LulzSec on their Twitter account.
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Hulu Close To Extending Content Deal

Posted on May 13, 2011 by Amit Chowdhry


Hulu is currently in negotiations to extend the right to stream TV programs on their website provided by NBC, Fox, and ABC. This would be an extension to a deal that News Corp., Disney, and NBCUniversal signed two years ago.
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Warner Bros. Acquires Flixster, Gaining Ownership Of Rotten Tomatoes In The Process

Posted on May 4, 2011 by Amit Chowdhry


Time Warner subsidiary Warner Bros. Entertainment, Inc. has acquired Flixster. Flixster is a social network that is centered around movies. Through the acquisition, Warner Bros. also gains possession of the valuable Rotten Tomatoes brand. News Corp. sold Rotten Tomatoes to Flixster in exchange for cash and equity last year.
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News Corp. Sells Off Honk.com To TrueCar

Posted on May 3, 2011 by Amit Chowdhry


It’s no secret that News Corporation (NASDAQ:NWSA) wants to start consolidating some of their web properties and selling off ones that don’t have anything to do with their core competencies. News Corp. is spinning off IGN and wants to sell off MySpace. News Corporation has recently sold off Honk.com to TrueCar.
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News Corp. In Talks To Acquire UGO From Hearst

Posted on May 2, 2011 by Amit Chowdhry


News Corporation (NASDAQ:NWSA) is in talks to acquire UGO.com from Hearst. News Corp. is planning to spin off IGN.com and sell off MySpace. News Corp. and Hearst have been discussing the deal through the weekend and an official announcement could be coming soon. Roy Bahat, the head of IGN.com, will most likely end up running UGO.com after IGN is spun off. IGN is expected to make $10 million this year on revenues of $100 million. News Corp. acquired IGN for $650 million in 2005. [AllThingsD]

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