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News Breaks
May 2, 2014
07:01 EDTNWSA, NWSNews Corp. to acquire Harlequin Enterprises from Torstar for C$455M in cash
News Corp announced that it has agreed to acquire Harlequin Enterprises from Torstar Corporation. Harlequin will become a division of HarperCollins Publishers, a News Corp subsidiary. Harlequin publishes the work of more than 1,300 authors and releases more than 110 titles monthly. The purchase price of the acquisition is C$455M in cash. The acquisition is subject to customary closing conditions, including regulatory approvals and approval of Torstar's Class A shareholders. The closing is anticipated by the end of the third quarter of calendar year 2014. The deal is expected to be accretive to earnings and improve News Corp's free cash flow.
News For NWS;NWSA From The Last 14 Days
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June 23, 2015
13:09 EDTNWSAHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link
June 22, 2015
08:02 EDTNWSFirms fight News Corp in contingent-fee suit, Bloomberg reports
Companies such as HJ Heinz (HNZ) and Henkel (HENKY) subsidiary Dial are among the plaintiffs in a class action lawsuit against News Corp (NWS) that claims its advertising unit has monopolized the market for in-store design services, Bloomberg reports. The companies sued in 2013 originally, and the case was granted class action status last Thursday, the report says. Reference Link
June 18, 2015
11:45 EDTNWS, NWSADow Jones to begin round of job cuts today, NY Times reports
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08:07 EDTNWS, NWSANews Corp. announces plans to initiate dividend
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08:00 EDTNWS, NWSANews Corp. amends stockholder rights plan
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