March 4, 2011 |
News Corp. has received the backing of a key British official, moving one step closer to taking control of British Sky Broadcasting. Culture Secretary Jeremy Hunt said Thursday that he was inclined to accept News Corp.'s proposal to spin off Sky News into a separate company to address concerns about the editorial independence of the 24-hour news operation. A final favorable decision, pending a 15-day public comment period, would avoid a lengthy and costly regulatory review by Britain's Competition Commission, analysts said.
May 29, 2013 |
Roku Inc., which makes devices to stream online content on television sets, said Wednesday it has received $60 million from investors including New York publishing giant Hearst Corp. The Saratoga, Calif., company said the Series F round was led by a "leading institutional investor," which the company did not name. The round included participation by BSkyB and News Corp., in addition to Hearst. The Apple TV competitor said the new funding will help it build its streaming software and services businesses.
July 5, 2011 |
For months, Britain's scandal over scoop-hungry reporters hacking into the cellphones of celebrities and politicians drew shrugs from the general public, which viewed the affair as a rarified dispute between the rich and famous and those who write about them. Not anymore. Revulsion swept the nation Tuesday amid allegations that a sensationalist tabloid owned by media baron Rupert Murdoch also intercepted and tampered with voicemails left for a kidnapped 13-year-old girl whose body was later found dumped in the woods.
November 29, 2012 |
LONDON - Britain should set up an independent regulator to monitor its freewheeling news media and prevent abuses such as the phone-hacking scandal that exposed unethical and sometimes illegal news-gathering practices, a senior judge said Thursday after a yearlong investigation. The new regulating body should be established by law and exclude politicians and editors to guarantee its independence from government and industry pressure, Lord Justice Brian Leveson said in a much-anticipated report that blasted the aggressive tactics often associated with British tabloids and paparazzi.
March 19, 2013 |
Rupert Murdoch's News Corp. is get past more than two years of bruising scandals and a U.S. government investigation into alleged corruption as the company seeks to split into two publicly traded companies this summer. The Wall Street Journal reported this week that the Department of Justice is nearing the end of a broad investigation into alleged corruption at News Corp. in the wake of the damaging phone hacking scandal at the company's British publishing unit. The Journal said that DOJ investigators received information that Journal reporters provided gifts to officials in China in exchange for information for news articles.
June 14, 2012 |
LONDON - He'd already admitted that relations were too tight between politicians and Rupert Murdoch's media empire. But on Thursday, British Prime Minister David Cameron sat under oath, on the witness stand, answering questions and listening poker-faced as embarrassing evidence of his own coziness was read out loud in court. The grilling, in which a judge and the investigating lawyer often addressed him as "Mr. Cameron" and not "Prime Minister," was the latest chapter in a judicial inquiry on media ethics that he himself had initiated in light ofBritain'sshocking phone-hacking scandal.
May 1, 2012 |
LONDON — Over 60 years, Rupert Murdoch built a media empire using his properties and their profits not just to break down the doors to the British establishment, but also to control it. So Tuesday's scathing declaration by a British parliamentary committee that Murdoch is "not a fit person to exercise the stewardship of a major international company" may mark the moment when the once-tamed establishment lost its fear of the country's most powerful...
August 5, 2004 |
British Sky Broadcasting Group, the British pay-TV operator controlled by Rupert Murdoch's News Corp., reported a 49% drop in quarterly profit and warned that future earnings would be hurt by an $819-million investment program designed to increase long-term growth. The news sent the company's shares tumbling. BSkyB's U.S.-traded shares dropped $7.75, or 17%, to $36.85 on the NYSE. The investment is part of a new long-term growth plan.
February 28, 2006 |
Walt Disney Co. reached an agreement to increase the amount of programming it supplies to Britain's BSkyB pay-TV service, adding a new channel featuring animated films and another with historic sporting events. Financial terms and the duration of the contract were not disclosed. A British newspaper put the value of the deal at 130 million pounds ($226 million) a year. The transaction gives BSkyB, which is facing tough competition, additional fare with which to lure new customers.
July 26, 2001 |
British Sky Broadcasting Group's fiscal fourth-quarter loss widened as Europe's second-biggest pay-television company spent more on films, sports and services to draw viewers. The London-based company's loss for the quarter ended June 30 was $244 million from a loss of $180.9 million a year earlier, the company said. BSkyB added about 150,000 subscribers in the period.