News Corporation Posts

News Corp. is acquiring romance publisher Harlequin

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News Corp. is acquiring Harlequin Enterprises for C$455 million ($415 million) in cash. Harlequin is known for publishing novels like “Destiny’s Last Bachelor?” and “The Heartbreaker Prince.” News Corp. is acquiring Harlequin from Canada’s Torstar Corp. It will be folded into News Corp.’s HarperCollins books unit. HarperCollins already has a romance division called Avon Romance.
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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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Hulu Is Close To Naming Mike Hopkins As CEO

Hulu Logo Hulu is close to naming Fox executive Mike Hopkins as the CEO of the company, according to sources with Bloomberg.  Hopkins’ position is currently the president of distribution at Fox Networks.  He will be replacing Hulu acting CEO Andy Forssell.  Hopkins is experienced in negotiating with pay TV services.

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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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