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Stock Market & Financial Investment News

News Breaks
November 26, 2012
06:09 EDTNWSANews Corp. expected to sign $6B-$7B TV deal with LA Dodgers, Bloomberg reports
News Corp.'s (NWSA) Fox Sports is expected to sign a TV deal with the Los Angeles Dodgers valued at $6B- $7B over 25 years, the richest broadcast contract in sports history, according to Deadline Hollywood, reports Bloomberg. Reference Link
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September 17, 2014
17:48 EDTNWSANews Corp opposed Google EC settlement offer
Early last week, in a letter to European Commissioner for Competition Joaquín Almunia, News Corp (NWS, NWSA) CEO Robert Thomson opposed Google’s (GOOG) settlement offer with the European Commission, or EC, saying the internet giant is “willing to exploit its dominant market position to stifle competition.” Thomson said News Corp also opposed the proposed five year term of a settlement, noting that “five years is an eternity in internet time.” Citing Google’s “egregious aggregation” of content, Mr. Thomson said that, along with serious commercial damage, there is a “profound social cost” to Google’s actions. “The internet should be a canvas for freedom of expression and for high quality content of enduring value. Undermining the basic business model of professional content creators will lead to a less informed, more vexatious level of dialogue in our society.” "Your decision to reconsider Google's settlement offer comes at a crucial moment in the history of the free flow of information and of a healthy media in Europe and beyond," Mr. Thomson wrote.
September 10, 2014
11:04 EDTNWSANews Corp says can not predict future of advertising in U.S., UK
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