Media News

CoStar interested in NewsCorp’s Move

CoStar Group, which operates a real estate news service, express interest in investing or acquiring News Corp.’s stake in real estate business move, reports Lauren Fischer, Katie Robertson and Benjamin Mullin of The New York Times.

Fischer, Robertson and Mullin report, “The CoStar Group, a provider of data and marketing services to the commercial real estate industry, recently informed News Corp that it was interested in acquiring the company’s stake in the digital real estate business Move at a valuation of more than $3 billion, the people said. After the talks with CoStar got serious, News Corp and Fox decided to put the merger talks on pause to await the outcome of negotiations with CoStar.

“A spokesman for CoStar said the company continually evaluated opportunities for mergers and acquisitions, declining to comment on potential discussions with News Corp.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

Recent Posts

Financial Planning taps Burgess as a reporter

Financial Planning has hired Rob Burgess to cover technology and investment strategies. He previously was at Wealth…

1 hour ago

CNN hires Skores to cover transportation

Alexandra Skores has joined CNN as a reporter/writer covering transportation based in Washington. Skores joins CNN…

1 hour ago

Ledbetter: Insatiably curious and committed to journalism

Holly Sraeel of the FIN newsletter writes about its founder, James Ledbetter, who died earlier…

17 hours ago

WSJ’s Daldrup is departing for a new opportunity

Wall Street Journal project manager Till Daldrup is leaving for a new opportunity. He joined in 2019…

18 hours ago

Albuquerque Biz First hires March as a reporter

The Albuquerque Business First has hired Leah March as a reporter. March will expand the publication's coverage…

18 hours ago

NY Times’ “The Daily” hires WSJ’s Byrne

Maria Byrne has been hired as a senior editor for "The Daily," The New York Times…

21 hours ago