News Corp. Split Official

News Corp.’s long-awaited split is official. Rupert Murdoch’s media behemoth Friday completed the separation of its entertainment from its news and information businesses into two publicly traded companies. The new News Corp (spelled with no period, differentiating it from the previous conglomerate) is comprised of Murdoch’s newspapers worldwide, including The Wall Street Journal, New York Post and The Times of London, as well as couponing, book publishing, digital education and other businesses. Post-separation, News Corp, split off so as not to be a drag on the faster-growing entertainment side, will emerge the biggest U.S. newspaper publisher, bigger than Gannett Co. and the New York Times Co. put together. The old News Corp. had an uneven track record when it came to digital. Robert Thomson, News Corp's new CEO, defended the newspapers' brands while distancing the company from its reliance on print, saying the newspapers would now be known as "platforms" and that the new spinoff would be a launchpad for new digital products. As for the cost cutting that's been widely expected now that the newspapers will have to stand on their own, Thomson told the Financial Times that there would be a "year or two" of transformation that would include "acute" cost cuts as well as new product development. The other company emerging from the split, 21st Century Fox, spans a global portfolio of cable and broadcasting properties including Fox and Fox News Channel and film and TV... Continue reading at 'AdWeek'

[ AdWeek | 2013-06-29 00:00:00 UTC ]
News tagged with: #york post #book publishing #robert thomson #cost cutting #cost cuts #product development

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Rupert Murdoch Wants Facebook to Pay Publishers a Fee for ‘Trusted’ News Content

News Corp. executive chairman and 21st Century Fox executive co-chairman Rupert Murdoch is taking on Silicon Valley. The media mogul released a statement today noting that if Facebook is going to revamp its news feed to ensure it's publishing the most legitimate, "trusted" news content on its... Continue reading at AdWeek

[ AdWeek | 2018-01-23 00:00:00 UTC ]
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Rupert Murdoch suggests Facebook should pay 'trusted' publishers for news content

Facebook has been fighting something of a losing battle against the problem of fake news, but media mogul Rupert Murdoch thinks he has come up with a solution. He says that the social network should pay "trusted" publishers for the provision of news content. Facebook recently said that it wants... Continue reading at Betanews

[ Betanews | 2018-01-23 00:00:00 UTC ]
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Facebook should pay 'trusted' news outlets, Rupert Murdoch says

Rupert Murdoch, the media billionaire who controls the Wall Street Journal, called on Facebook Inc. to begin paying publishers fees to carry the news that its users post and share online. His move is a sign of the print industry’s growing frustration with social media. “If Facebook wants to... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-01-23 00:00:00 UTC ]
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Facebook news-feed changes will cut into publishers’ branded-content revenue

Publishers were able to make decent money on Facebook by making and selling custom videos for advertisers, but that could soon change. The post Facebook news-feed changes will cut into publishers’ branded-content revenue appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2018-01-22 00:00:00 UTC ]
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Facebook to start ranking news sources on trustworthiness

Facebook Inc., which is cutting the amount of news in its news feed, will prioritize information from the publishers that remain on the social network based on how trustworthy they are, the company said. Trustworthiness is based on a recent survey of U.S. Facebook users that gauged their... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-01-20 00:00:00 UTC ]
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Facebook touts small biz benefits as News Feed changes spark fear

African-American- and Hispanic-owned small businesses get the most benefit out of Facebook, a new study concludes, even as the company’s recent changes to News Feed seem likely to make it harder for such operations to drum up customers. According to a study published today by the U.S. Chamber of... Continue reading at Fast Company

[ Fast Company | 2018-01-18 00:00:00 UTC ]
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Facebook’s News Feed Bombshell Shouldn’t Have Caught Anyone Off Guard

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[ AdWeek | 2018-01-17 00:00:00 UTC ]
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Apple News shows promise delivering traffic but won’t make up for Facebook shortfalls

Apple News has been a nice traffic booster for news publishers, but lifestyle pubs feel left out. The post Apple News shows promise delivering traffic but won’t make up for Facebook shortfalls appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2018-01-16 00:00:00 UTC ]
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Facebook’s news feed change won’t help social media addiction | Eleni Stefanou

Mark Zuckerberg says he wants to ensure Facebook is good for people’s wellbeing – but its business model remains unalteredWhen Facebook announced it was tuning out publishers and brands to focus on friends, family and “meaningful interactions”, my immediate response was relief. I desperately... Continue reading at The Guardian

[ The Guardian | 2018-01-15 00:00:00 UTC ]
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Publishers, already shifting dependence from Facebook, are expected to accelerate that in wake of news feed change

Before Facebook announced its news feed changes, many publishers were working to minimize their dependence on the platform's referral traffic. The post Publishers, already shifting dependence from Facebook, are expected to accelerate that in wake of news feed change appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2018-01-14 00:00:00 UTC ]
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Books: An editor with a vision, the late Denis Johnson and more book news

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[ Los Angeles Times | 2018-01-13 00:00:00 UTC ]
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Facebook shares tumble after changes to its News Feed that could shrink ad revenue

Facebook shares were down more than 4% early Friday to $180.10 after the social network announced it was making major changes to its signature News Feed. Facebook said it would begin prioritizing posts from users’ friends and families that spark the most interaction over posts from brands and... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-01-12 00:00:00 UTC ]
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Facebook will focus on friends over publishers in the News Feed

Facebook just announced that it will make sweeping changes to the News Feed, the primary place where users find content on the social network. Over the next few months, users will see "more from your friends, family and groups" and " less public cont... Continue reading at Engadget

[ Engadget | 2018-01-12 00:00:00 UTC ]
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‘We’re losing hope’: Facebook tells publishers big change is coming to News Feed

Publishers that have been briefed by Facebook believe this latest move would be a dramatic step in the direction of reducing publishers’ presence in the news feed. The post ‘We’re losing hope’: Facebook tells publishers big change is coming to News Feed appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2018-01-12 00:00:00 UTC ]
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Facebook Is Testing a Separate Destination for Local News in Its Mobile Apps

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[ AdWeek | 2018-01-11 00:00:00 UTC ]
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Books: The new Trump book, plus book reviews and news

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[ Los Angeles Times | 2018-01-06 00:00:00 UTC ]
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ALA Announces First Members of New 'Policy Corps'

The initiative seeks to develop expertise within the library community on key national and public policies that are important to libraries. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-01-04 00:00:00 UTC ]
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Local digital news publishers are ignoring display revenue

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[ Digiday | 2018-01-03 00:00:00 UTC ]
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2018 could be the year Facebook banishes news from its feed

Some Facebook observers think the platform could remove publisher content from its news feed to improve the user experience and drive more revenue. The post 2018 could be the year Facebook banishes news from its feed appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2018-01-02 00:00:00 UTC ]
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