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Annual Report 2012
NEWS CORP. ANNU AL REPO RT 2012 NEWSANNUAL REPORT 2012 1211 Avenue of the Americas New York, NY 10036 www.newscorp.com C O RP. 425667.COVER.CX.CS5.indd 1 8/29/12 5:21 PM OUR AIM IS TO UNLOCK MORE VALUE FOR OUR STOCKHOLDERS 425667.COVER.CS5.indd 2 8/31/12 9:58 AM WE HAVE NO INTENTION OF RESTING ON OUR LAURELS WE ARE ALWAYS INVESTING IN THE NEXT GENERATION 425667.TEXT.CS5.indd 2 8/28/12 5:10 PM 425667.TEXT.CS5.indd 3 8/27/12 8:44 PM The World’s LEADER IN QUALITY JOURNALISM 425667.TEXT.CS5.indd 4 8/28/12 5:11 PM A LETTER FROM Rupert Murdoch It takes no special genius to post good earnings in a booming economy. It’s the special company that delivers in a bad economic environment. At a time when the U.S. has been weighed down by its slowest recovery since the Great Depression, when Europe’s currency threatens its union and, I might add when our critics flood the field with stories that refuse to move beyond the misdeeds at two of our papers in Britain, I am delighted to report something about News Corporation you Rupert Murdoch, Chairman and Chief Executive Officer might not know from the headlines: News Corporation In 2012, for the second year in a row, we have brought our stockholders double-digit growth in total segment operating income. FOR THE SECOND We accomplished this because we do not consider ourselves a conventional YEAR IN A ROW, company. -
Media Ownership Chart
In 1983, 50 corporations controlled the vast majority of all news media in the U.S. At the time, Ben Bagdikian was called "alarmist" for pointing this out in his book, The Media Monopoly . In his 4th edition, published in 1992, he wrote "in the U.S., fewer than two dozen of these extraordinary creatures own and operate 90% of the mass media" -- controlling almost all of America's newspapers, magazines, TV and radio stations, books, records, movies, videos, wire services and photo agencies. He predicted then that eventually this number would fall to about half a dozen companies. This was greeted with skepticism at the time. When the 6th edition of The Media Monopoly was published in 2000, the number had fallen to six. Since then, there have been more mergers and the scope has expanded to include new media like the Internet market. More than 1 in 4 Internet users in the U.S. now log in with AOL Time-Warner, the world's largest media corporation. In 2004, Bagdikian's revised and expanded book, The New Media Monopoly , shows that only 5 huge corporations -- Time Warner, Disney, Murdoch's News Corporation, Bertelsmann of Germany, and Viacom (formerly CBS) -- now control most of the media industry in the U.S. General Electric's NBC is a close sixth. Who Controls the Media? Parent General Electric Time Warner The Walt Viacom News Company Disney Co. Corporation $100.5 billion $26.8 billion $18.9 billion 1998 revenues 1998 revenues $23 billion 1998 revenues $13 billion 1998 revenues 1998 revenues Background GE/NBC's ranks No. -
Hacking Affair Is Not Over – but What Would a Second Leveson Inquiry Achieve?
7/10/2019 Hacking affair is not over – but what would a second Leveson inquiry achieve? Academic rigour, journalistic flair Hacking affair is not over – but what would a second Leveson inquiry achieve? July 25, 2014 3.57pm BST Author John Jewell Director of Undergraduate Studies, School of Journalism, Media and Cultural Studies, Cardiff University On we go. Ian Nicholson/PA In the latest episode in the long-running saga that is the phone hacking affair, Dan Evans, a former journalist at the News of the World and Sunday Mirror, has received a 10 month suspended sentence after being convicted of two counts of phone hacking, one of making illegal payments to officials, and one of perverting the course of justice. Coming so soon after the conviction of Andy Coulson and the acquittal of Rebekah Brooks and others, one could be forgiven for assuming that the whole phone hacking business is now done and dusted. Not a bit of it. As Julian Petley has written: “Eleven more trials are due to take place involving 20 current or former Sun and News of the World journalists, who are accused variously of making illegal payments to public officials, conspiring to intercept voicemail and accessing data on stolen mobile phones.” We also learned in June that Scotland Yard had officially told Rupert Murdoch of their intention to interview him as part of their inquiry into allegations of crime at his British newspapers. The Guardian revealed that Murdoch was first contacted in 2013, but the police ceded to his lawyers’ request that any interrogation should wait until the Coulson–Brooks trial had finished. -
The Puzzle of Media Power: Notes Toward a Materialist Approach
International Journal of Communication 8 (2014), 319–334 1932–8036/20140005 The Puzzle of Media Power: Notes Toward a Materialist Approach DES FREEDMAN Goldsmiths, University of London In any consideration of the relationship between communication and global power shifts and of the ways in which the media are implicated in new dynamics of power, the concept of media power is frequently invoked as a vital agent of social and communicative change. This article sets out to develop a materialist approach to media power that acknowledges its role in social reproduction through the circulation of symbolic goods but suggests that we also need an understanding of media power that focuses on the relationships between actors, institutions, and contexts that organize the allocation of material resources concentrated in the media. It is hardly controversial to suggest that the media are powerful social actors, but what is the nature of this power? Does it refer to people, institutions, processes, or capacities? If we are to understand the role of communication as it relates to contemporary circumstances of neoliberalism, globalization, cosmopolitanism, and digitalization (which this special section sets out to consider), then we need a definition of media power that is sufficiently complex and robust to evaluate its channels, networks, participants, and implications. This article suggests that, just as power is not a tangible property visible only in its exercise, media power is best conceived as a relationship between different interests engaged in struggles for a range of objectives that include legitimation, influence, control, status, and, increasingly, profit. Strangely, one of the clearest metaphors for media power in recent years involves a horse. -
A Better Death in a Digital Age: Post
Publishing Office Aims and scope Abramis Academic ASK House Communication ethics is a discipline that supports communication Northgate Avenue practitioners by offering tools and analyses for the understanding of Bury St. Edmunds ethical issues. Moreover, the speed of change in the dynamic information Suffolk environment presents new challenges, especially for communication IP32 6BB practitioners. UK Tel: +44 (0)1284 700321 Ethics used to be a specialist subject situated within schools of philosophy. Fax: +44 (0)1284 717889 Today it is viewed as a language and systematic thought process available Email: [email protected] to everyone. It encompasses issues of care and trust, social responsibility and Web: www.abramis.co.uk environmental concern and identifies the values necessary to balance the demands of performance today with responsibilities tomorrow. Copyright All rights reserved. No part For busy professionals, CE is a powerful learning and teaching approach that of this publication may be reproduced in any mate- encourages analysis and engagement with many constituencies, enhancing rial form (including pho- relationships through open-thinking. It can be used to improve organization tocopying or storing it in performance as well as to protect individual well-being. any medium by electronic means, and whether or not transiently or incidentally Submissions to some other use of this Papers should be submitted to the Editor via email. Full details on submission – publication) without the along with detailed notes for authors – are available online in PDF format: written permission of the www.communication-ethics.net copyright owner, except in accordance with the provisions of the Copyright, Subscription Information Designs and Patents Act Each volume contains 4 issues, issued quarterly. -
Fp174:Free Press Template Changed Fonts.Qxd.Qxd
fp174:Free Press template changed fonts.qxd 17/02/2010 20:02 Page 1 FREE Press No 174 January-February 2010 £1 Journal of the Campaign for Press and Broadcasting Freedom Press will HERE COMES set terms THE MEDIA of debate by Nicholas Jones Online participation in this year’s general election is certain to set a new benchmark for the web’s influence on ELECTION political debate but the British blogosphere will be hard pressed to ● lot will hang for media policy in match the impact achieved in the Can the UK keep the public the coming UK general election. campaigning for and against President service broadcasting that These questions (left) are just the Obama. biggest: there are uncertainties Unlike the US, where television and people want? Will the BBC too around cross-platform publi- radio are dominant news providers Acation as the Digital Economy Bill strug- along with the internet, Britain has a licence fee be safe and its gles through parliament, before the elec- powerful national press which regularly digital services be free to tion even starts. calls the shots and commands the news There is also the growing intimacy agenda. expand? Or will they be cut between the Conservative leadership Much of the traffic generated by back to benefit commercial and the still-powerful Murdoch cross- blogs and social networking sites is a media group, the biggest in Europe. response to the storylines of the daily competitors? To determine campaigning priorities papers and it still tends to be the press and the questions to put to the parties, rather than the internet which retains the CPBF is preparing a Media the clout to transform online chatter ● Can local and regional Manifesto, for circulation in both print into mainstream news. -
Feral Beast": Cautionary Lessons from British Press Reform Lili Levi University of Miami School of Law, [email protected]
University of Miami Law School University of Miami School of Law Institutional Repository Articles Faculty and Deans 2015 Taming the "Feral Beast": Cautionary Lessons From British Press Reform Lili Levi University of Miami School of Law, [email protected] Follow this and additional works at: https://repository.law.miami.edu/fac_articles Part of the Communications Law Commons, and the Comparative and Foreign Law Commons Recommended Citation Lili Levi, Taming the "Feral Beast": Cautionary Lessons From British Press Reform, 55 Santa Clara L. Rev. 323 (2015). This Article is brought to you for free and open access by the Faculty and Deans at University of Miami School of Law Institutional Repository. It has been accepted for inclusion in Articles by an authorized administrator of University of Miami School of Law Institutional Repository. For more information, please contact [email protected]. TAMING THE "FERAL BEAST"1 : CAUTIONARY LESSONS FROM BRITISH PRESS REFORM Lili Levi* TABLE OF CONTENTS Introdu ction ............................................................................ 324 I. British Press Reform, in Context ....................................... 328 A. Overview of the British Press Sector .................... 328 B. The British Approach to Newspaper Regulation.. 330 C. Phone-Hacking and the Leveson Inquiry Into the Culture, Practices and Ethics of the Press ..... 331 D. Where Things Stand Now ...................................... 337 1. The Royal Charter ............................................. 339 2. IPSO and IM -
How Bias Is Your News Source? Source/: Just a Few of Rupert Murdoch's News Corporation Brands
23 views 0 0 RELATED TITLES How Bias is Your News Source? source/: Just a few of Rupert Murdoch's News Corporation Brands Original Title: How Bias is Your News Source? BENSON Unleaded Hidden Costs of Loudest Climate Mapping Field Gasoline Prices Pump Prices Change Skeptic Uploaded by Kenneth Burridge 100s if not 1000s of incorrect and slanted news reports relating to: climate change, alternative energy, and electric cars appear to be coming from the same source! Full description Save Embed Share Print How Bias is Your News Source? http://theev.biz/ev-info/how-bias-is-your-news- source/ 23 views 0 0 RELATED TITLES How Bias is Your News Source? source/: Just a few of Rupert Murdoch's News Corporation Brands Original Title: How Bias is Your News Source? BENSON Unleaded Hidden Costs of Loudest Climate Mapping Field Gasoline Prices Pump Prices Change Skeptic Uploaded by Kenneth Burridge 100s if not 1000s of incorrect and slanted news reports relating to: climate change, alternative energy, and electric cars appear to be coming from the same source! Full description Save Embed Share Print Each in their own right taking part in a chorus that repeats the same very right-wing conservative agenda. The big picture view is that the news they report on clearly supports and favors keeping and preserving the status quo and thus the wealth and power of the largest companies and industries on the planet…not the common man. The TV networks, websites, newspapers, magazines owned by Rupert Murdoch have been at best been reluctant to publish or report on anything that doesn’t support the various big businesses that continue to fund their media empire with advertising dollars. -
News Corporation 1 News Corporation
News Corporation 1 News Corporation News Corporation Type Public [1] [2] [3] [4] Traded as ASX: NWS ASX: NWSLV NASDAQ: NWS NASDAQ: NWSA Industry Media conglomerate [5] [6] Founded Adelaide, Australia (1979) Founder(s) Rupert Murdoch Headquarters 1211 Avenue of the Americas New York City, New York 10036 U.S Area served Worldwide Key people Rupert Murdoch (Chairman & CEO) Chase Carey (President & COO) Products Films, Television, Cable Programming, Satellite Television, Magazines, Newspapers, Books, Sporting Events, Websites [7] Revenue US$ 32.778 billion (2010) [7] Operating income US$ 3.703 billion (2010) [7] Net income US$ 2.539 billion (2010) [7] Total assets US$ 54.384 billion (2010) [7] Total equity US$ 25.113 billion (2010) [8] Employees 51,000 (2010) Subsidiaries List of acquisitions [9] Website www.newscorp.com News Corporation 2 News Corporation (NASDAQ: NWS [3], NASDAQ: NWSA [4], ASX: NWS [1], ASX: NWSLV [2]), often abbreviated to News Corp., is the world's third-largest media conglomerate (behind The Walt Disney Company and Time Warner) as of 2008, and the world's third largest in entertainment as of 2009.[10] [11] [12] [13] The company's Chairman & Chief Executive Officer is Rupert Murdoch. News Corporation is a publicly traded company listed on the NASDAQ, with secondary listings on the Australian Securities Exchange. Formerly incorporated in South Australia, the company was re-incorporated under Delaware General Corporation Law after a majority of shareholders approved the move on November 12, 2004. At present, News Corporation is headquartered at 1211 Avenue of the Americas (Sixth Ave.), in New York City, in the newer 1960s-1970s corridor of the Rockefeller Center complex. -
Gabelli & Company
One Corporate Center July 18, 2013 Rye, NY 10580-1422 Tel (914) 921-5015 www.gabelli.com Gabelli & Company News Corp. (NWSA/NWS - $15.89/$16.02 - NASDAQ) Print For “Free” - Buy FYE: 6/30 EBITDA EV/EBITDA PMV 2015P $935 m. 3.9x $29 Dividend: None Current Return: Nil 2014P 875 4.2 27 Shares O/S: 379 mil. Cl. A non voting 2013E 855 4.2 25 200 “ “ B voting 2012A 1,124 --- --- 52-Week Range: $16.37 - $14.39 COMPANY OVERVIEW New York-based News Corp. operates in five segments: 1) News and information services – U.S., U.K. and Australian publishing businesses, including The Wall Street Journal, the Times of London and the New York Post, along with News America Marketing Corp., a leading provider of free-standing inserts (FSIs, or cents-off coupons); 2) Cable network programming – Fox Sports Australia; 3) Digital real estate services – a 62% interest in publicly traded REA Group Ltd. (Australia); 4) Book publishing – HarperCollins, one of the largest English language publishers in the world with imprints such as Avon, Harper, William Morrow and Christian publishers Zondervan and Thomas Nelson; and 5) Other – primarily the company’s nascent K-12 education business, Amplify. On June 28, 2013, “old News” Corp. (now 21st Century Fox) spun off most of its non-entertainment assets (“new News”) to holders on a one-for-four basis, i.e. investors received one share of “new” News Corp. for each four shares of “old” News. On a pro forma basis, News generated an estimated $855 million of pro forma EBITDA on roughly $9.0 billion of revenues for the year ended June 30, 2013. -
News Corporation Reports Second Quarter Results for Fiscal 2021
NEWS CORPORATION REPORTS SECOND QUARTER RESULTS FOR FISCAL 2021 FISCAL 2021 SECOND QUARTER KEY FINANCIAL HIGHLIGHTS • Revenues were $2.41 billion, a 3% decline compared to $2.48 billion in the prior year – Adjusted Revenues increased 2% compared to the prior year • Net income of $261 million compared to $103 million in the prior year • Total Segment EBITDA was $497 million compared to $355 million in the prior year • Reported diluted EPS were $0.39 compared to $0.14 in the prior year – Adjusted EPS were $0.34 compared to $0.18 in the prior year • Book Publishing Segment EBITDA increased 65% compared to the prior year, driven by strong revenue growth across every category • Move, operator of realtor.com®, reported 28% revenue growth and was a key driver of Segment EBITDA growth at the Digital Real Estate Services segment • Dow Jones reported 43% Segment EBITDA growth, driven by record digital advertising revenues and continued growth in digital subscriptions • Subscription Video Services Segment EBITDA grew 77% as Foxtel benefited from lower costs while reaching a record of more than 1.3 million paying OTT subscribers as of the quarter end NEW YORK, NY – February 4, 2021 – News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended December 31, 2020. Commenting on the results, Chief Executive Robert Thomson said: “The second quarter of fiscal 2021 was the most profitable quarter since the new News Corp was launched more than seven years ago, reflecting the ongoing digital transformation of the business. -
The Fox/Sky Takeover
THE FOX/SKY TAKEOVER WHY A PHASE TWO REFERRAL ON BROADCASTING STANDARDS IS NEEDED TO PROTECT THE PUBLIC INTEREST 14 JULY 2017 1 Introduction The Secretary of State’s minded-to decision not to refer the 21st Century Fox bid for Sky on Broadcasting Standards relies on an Ofcom assessment which is incomplete and seriously flawed. This submission exposes these limitations and flaws, including that: ● Ofcom was willing to ignore significant evidence and accept assurances from Fox and the Murdoch Family Trust at face value ● Ofcom accepted a new compliance process as evidence that Fox is committed to Broadcasting Standards, but has failed to proactively ensure it is effective. Fox is currently broadcasting materials that break the Standard. ● Ofcom has failed to fully investigate a range of material concerns, including Fox’s UK broadcasts, the experience of Sky Australia after it was taken over by Fox, and a corporate governance failure at News America Marketing that resulted in financial settlements significantly higher than those paid for phone hacking. This submission additionally presents new evidence on the issues reviewed by Ofcom, including: ● Continued breaches of UK Broadcasting Standards by Fox News since it implemented its new compliance policy on 15th May 2017 ● Biased and inflammatory coverage at Sky Australia, which Fox took over fully last December ● The pervasive effects of slanted coverage by Fox which Ofcom should have considered, particularly in light of their statement that “Sky News is a trusted voice for those who use it”1 ● The News America Marketing scandal which sheds significant light on the Murdoch Family Trust’s approach to corporate governance.