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Scripps Networks Interactive has bought a majority stake in the Travel Channel in a deal that values the cable network at $975 million. That price tag is sure to raise eyebrows in the industry. When Travel Channel parent Cox Communications...
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A strong summer box office, a healthy cable business and strong book sales helped News Corp. report an 11% increase in net income, helping to offset decreases in the media conglomerate's broadcast television, newspaper and Internet businesses. The company reported...
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In the search for new revenue streams, the broadcast networks are going to their affiliates with their hands held out or their guns drawn, depending on one's viewpoint. Specifically, if their affiliates are getting money from cable and satellite operators...
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After jumping in the race to land the Travel Channel and no doubt driving up the price, News Corp. is now pulling out, people close to the situation say. To be sure, the bidding for Travel Channel has gotten out...
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Peter Chernin is not flying the News Corp. jet into Philly. But he probably could if he wanted to. The veteran movie and TV executive, who stepped down as president and chief operating officer of the News Corp. media empire...
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Apparently the cost of travel really is on the rise. News Corp. has emerged as the leading contender to buy the Travel Channel, the cable network that Cox Communications put on the block, according to a report in today's Financial...
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It just got a little sunnier in Philadelphia. No, we're not talking about the Phillies being on the verge of making the World Series for the second year in a row. News Corp.'s Twentieth Television has just sold reruns of...
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Reality as a genre may still be hot, but it's not enough to sustain a cable channel. News Corp. is shuttering its 4-year-old Fox Reality Channel (what, you mean you didn't know there was a Fox Reality Channel?). The channel,...
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Will rock and roll chef Anthony Bourdain come work in the commissary as part of a deal? That might be what some of the major media conglomerates kicking the tires of Cox Communications' Travel Channel are wondering. The auction for...
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In his post-News Corp. life, the entrepreneurial Peter Chernin is cooking up more than just movies and TV shows. The veteran media executive-turned-independent producer is quietly moonlighting as a restaurateur in Martha's Vineyard, where he and his wife, Megan, have...
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News Corp.'s struggling social networking site MySpace today announced it has a deal to acquire iLike, an application that helps users of social networks share music recommendations and playlists. The combination would bring together MySpace, a site emerging and established...
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News Corp. had a brutal quarter ending June 30, as the company swung from $1.1 billion in net income a year ago to a net loss of $203 million. The biggest contributor was the conglomerate's Fox Interactive Media division, whose...
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TV industry veteran Greg Meidel has been named president of News Corp.'s television syndication unit, Twentieth Television. He is succeeding Bob Cook. The move, which had been anticipated by Company Town, marks a return for Meidel, who used to run...
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MySpace Music has come in for criticism from the labels, whose executives have publicly (and privately) said it has been slow to find ways to make money on its massive community of music fans. Recently, through, MySpace Music is showing...
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If you're dining with Chase Carey, he can afford to pick up the tab. According to just filed documents with the Securities and Exchange Commission, Carey received a $10 million signing bonus to rejoin News Corp. as deputy chairman and...