News Corp.

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News Corp. ices digital newsstand plan

Rupert Murdoch’s News Corp. has put on hold ambitious plans to create a subscription online newsstand, after failing to attract enough interest among other news organizations, a person familiar with the plan said.

The owner of the Times of London, Fox News and the Wall Street Journal will reassign the staff working on “Project Alesia,” which aimed to charge readers for a bundle of newspaper and magazine digital content.

The source said News Corp was unable to reach a “critical mass” of publishers to support the plan. Get the full story »

Murdoch: Political donations made in ‘best interest’ of his company

Rupert Murdoch, seen here with his wife Wendy Deng in 2007, was quizzed Friday over News Corp.'s political donations. (AP Photo/Douglas C. Pizac)

News Corp. shareholders on Friday quizzed Chief Executive Rupert Murdoch and his fellow directors over the process by which the company makes donations to political organizations.

The directors faced several questions at the company’s annual general meeting from individual shareholders and shareholder activists about a recent decision to donate $1 million each to the Republican Governors Association and U.S. Chamber of Commerce. The gifts are being made in the run-up to U.S. congressional mid-term elections on Nov 2.

Murdoch said he and the board believed the donation was made in the “best interest of the company.” Get the full story »

Chevy, Busch lead World Series advertisers

Fox Broadcasting has sold about 90 percent of the commercial time for Major League Baseball’s World Series, with automakers, phone companies and financial services firms buying advertising for postseason games. Get the full story »

Dish Network says Fox has blocked 19 TV channels

Dish Network Corp. said on Friday that News Corp.’s  Fox Networks has demanded a higher transmission fee and blocked its access to 19 regional sports networks and other programing.

Dish Network, the No. 2 U.S. satellite operator, said Fox was demanding a new contract with an “unprecedented rate increase of more than 50 percent.” Get the full story »

Diann Burns selling Lincoln Park mansion

ELITE STREET | By Bob Goldsborough | Eyeing a move to southern California for both professional and personal reasons, former TV anchor Diann Burns and her talent agent husband, Marc Watts, have placed their 13-room, 5,752-square-foot Lincoln Park mansion on the market for $4.825 million.

Burns, 54, was an anchor at top-rated WLS-Ch. 7 for close to two decades before jumping to WBBM-Ch. 2 in 2003. She left “CBS-2″ in 2008 when her contract was not renewed.

Since last spring, she has been hosting the Chicago Urban League’s “Next TV” program,  which airs Sunday mornings on Fox-owned WFLD-Ch. 32. Get the full story »

Wall Street Journal says print, digital revenue up

From The New York Times | The Wall Street Journal says its revenue climbed 17 percent in the period since June.

The news bucks the overall downward trend in the newspaper business. Even print advertising revenue, which has been in steep decline at most newspapers for the past few years, grew more than 21 percent at the Journal.

Get the full story »

MySpace expects to lose users in redesign

The MySpace redesign set to launch in mid-October may be so jarring that the social networking site could lose members at first. That’s according to Jon Miller, the chief digital officer of MySpace parent company News Corp. Get the full story »

MySpace users can now sync posts to Facebook

MySpace, which recently revamped itself to look more like Facebook, is now allowing users to sync their posts to Facebook, too. That means people on Facebook can see their friends’ MySpace items without leaving Facebook. Get the full story »

Apple in talks with media giants to rent TV shows

Apple is in talks with several media conglomerates to allow consumers to rent TV shows through iTunes according to a report in Bloomberg Tuesday, which cited three unnamed sources familiar with the situation.

Apple is in serious discussions with News Corp. to allow viewers to rent programming from its Fox network for 48 hours, the report said, adding that Walt Disney and CBS are in talks with Apple as well.

Representatives from Apple, Walt Disney, News Corp. and CBS declined to comment. Get the full story »

News Corp. developing daily newspaper for tablets

News Corp. Chief Executive Rupert Murdoch is embarking on an ambitious plan for a new national digital newspaper to be distributed exclusively as paid content for tablet computers such as Apple Inc.’s iPad and mobile phones.

The initiative, which would directly compete with the New York Times, USA Today and other national publications, is the latest attempt by a major media organization to harness sexy new devices to reach readers who increasingly consume their news on the go. The development underscores how the iPad is transforming reading habits much like the iPod changed how people listen to music.

British pay TV company takes next step in 3D

British Sky Broadcasting Group PLC Wednesday confirmed it plans to launch a 3D television channel for consumer subscribers Oct. 1.

BSkyB, the U.K.’s biggest pay-television provider, said customers who pay for its top-tier subscription package and have Sky + high-definition compatible set-top boxes  would get the 3D channel free of charge. The company may later allow  subscribers on lower-cost packages to obtain the service, a spokesman said. Get the full story »

Hulu in talks with CBS, others for paid TV shows

Free video website Hulu is in talks with CBS Corp, Viacom Inc and Time Warner Inc to add their television shows to its planned paid subscription service, Bloomberg reported, citing people with direct knowledge of the discussions. Get the full story »