Myspace could have been what Facebook and YouTube are now if News Corp. hadn’t messed it up, according to Rupert Murdoch, who also believes that it will take a long time for HBO to succeed online.
Tabloid newspapers have long used their powerful cover to influence and intimidate. Their looming disappearance raises interesting questions about what counts as highbrow and lowbrow media these days.
News Corp shareholders formally approved a plan that will split the corporation and, for the entertainment assets, end the so-called “Rupert discount” on the share price.
At the Apple ebook trial on Monday, HarperCollins CEO Brian Murray and Macmillan CEO John Sargent offered testimony as witnesses for the government. Emails showed that News Corp CEO Rupert Murdoch expressed the desire to “screw Amazon.”
News Corp will officially split into two companies on June 28th. The corporation announced new details about the split, including provisions to prevent hostile takeovers.
Apple’s exposure in a closely-watched price-fixing case over ebooks looks more serious as the CEOs of major publishers — which have already settled with the government — will testify about Apple’s role in the case.
The NYT’s multimedia project Snow Fall was a huge success, attracting big audiences and lots of plaudits. But the paper can do even better — it can build a new business from this type of project, and change the definition of journalism in the new century.
With Netflix on a roll, its big European rival — Amazon-owned Lovefilm — seems more and more desperate to staunch the flow of subscribers quitting the service and moving elsewhere.
The Tribune Co. officially emerged from bankruptcy Monday with a new board including former Yahoo exec Ross Levinsohn and former Disney exec Peter Murphy. The company plans to sell off its 23 television stations, eight daily newspapers and stakes in websites like CareerBuilder.com.
News Corp has finally announced details about how it will split off its publishing operations from its richer entertainment divisions. A look at the numbers show the reborn company will be fine, at least for awhile, in part thanks to keeping an Australian sports business.