News Corp profits fall short of Wall Street estimates

News Corp reported first-quarter revenue and profit that fell short of Wall Street estimates, even though the company recorded an increase in advertising and subscription sales. Shares fell 2.5 percent in after-market trading, total revenue decreased 1 percent to $2.48 billion in the quarter ending Sept. 30. Net income plunged 75 percent to $66 million. […]

ABC News hires Parkes-Hupton as digital reporter/producer

Heath Parkes-Hupton has joined ABC News as a digital reporter/producer. He was recently with News Corp, where he was a court reporter. He has previously also served as a digital reporter and urban affairs reporter. He has also reported for Fairfax Media and was a journalist at WD News in Camperdown, Victoria. Parkes-Hupton graduated from […]

News Corp completes acquisition of Investor’s Business Daily

News Corp. has completed its acquisition of Investor’s Business Daily from O’Neil Capital Management. The business will be operated by Dow Jones, a News Corp. subsidiary. Also, Investor’s Business Daily will continue to be based at its headquarters in Los Angeles, and will operate as a stand-alone brand as part of Dow Jones. Robert Thomson, […]

Bellotti joins Mirror Online as news features writer

Alex Bellotti has joined Mirror Online, Reach plc as a news features writer. Previously, he was at News Corp where he recently held the post of deputy digital features editor, The Sun. Before that, he was digital production editor, Sun Online. He has also worked as a production assistant at The Telegraph. He was also […]

News Corp to acquire Houghton Mifflin Harcourt Books and Media

News Corp is planning on buying the Books and Media division of Houghton Mifflin Harcourt for $349 million in cash. The news comes just four days after News Corp shared its plans to acquire Investor’s Business Daily, which will operate as a standalone brand under Dow Jones. The HMH Books and Media and News Corp […]

Murdoch partners with ex-Disney executive on new Indian venture

Six months after leaving News Corp, James Murdoch is teaming up with ex-Disney Asia Pacific chief Uday Shankar to launch a new media and tech venture in India. The new venture is yet to be named and is backed by Murdoch’s Lupa Systems. As per him, the venture will “tap into an explosion in connectivity […]

Fox News plans to launch own imprint through HarperCollins

Fox News hosts and anchors have long leveraged their roles to write best-selling books. Now, the company is launching its own book label through News Corp.’s HarperCollins. A three-book deal has been signed with the publisher, with the first book, “Modern Warriors: Real Stories From Real Heroes” written by “Fox & Friends Weekend” host Pete […]

James Murdoch resigns from News Corp. board

James Murdoch, once considered a potential successor to Rupert Murdoch, has resigned from the board of the newspaper publisher News Corp., reports The New York Times. He says: “My resignation is due to disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions.” Previously, Murdoch had already left Fox […]

News Corp set to launch more than 50 digital-only titles in Australia

After ceasing publication of more than 100 regional and community titles and moving them to digital-only, News Corp is now planning on launching more than 50 new digital-only regional titles across Australia. The first 15 titles are expected to launch in September while the rest will debut across a three-year plan. News editor for the […]

News Corp., ABC to slash more jobs as part of restructuring

News Corp. announced on Tuesday that it will be cutting under 100 jobs across several of its mastheads, including The Daily Telegraph, The Herald Sun and The Australian. The redundancies at New Corp. put greater focus on the company’s plan to “go-digital” as it also announced two weeks ago that it would cease publication of […]