Tag - News Corp
Four parties have allegedly placed bids to purchase streaming service Hulu, with the first round of bidding apparently due to end this week. Guggenheim Digital Media, DirecTV, and Time Warner Cable are said to be interested in the company, following a bid from former News Corp president Peter Chernin for a reported $500 million.
US Department of Justice filings in the e-book price-fixing case against Apple reveal an exchange between former Apple CEO Steve Jobs and News Corporation/HarperCollins' James Murdoch, notes AllThingsD. In the course of a Jobs-penned email, which dates back to January 2010, the CEO explains why Apple is proposing to tie e-book prices to hardcover ones. "We simply donít think the e-book market can be successful with pricing higher than $12.99 or $14.99," Jobs writes.
Vodafone is to launch its 4G services to Australian customers in June. The initial rollout will see Sydney, Perth, Melbourne, Brisbane, Adelaide, Wollongong, Newcastle, and the Gold Coast covered with 4G service, according to ZDNet. Tests on the 4G signal shows it as having a download speed of 80Mbps and an upload of 20Mbps, with a claimed maximum of 150Mbps possible for some customers. Like its competitors, national carriers Telstra and Optus, Vodafone will be keeping its 4G service charges the same as its 3G access, and hopes to have 1,000 4G sites operational by the end of 2013.
Former News Corp president Peter Chernin has reportedly submitted a $500 million bid to buy Hulu, several unnamed sources have told Reuters. Aside from noting the value of the alleged offer, the report does not shed light on the seriousness of the buyout talks. The company has been wooing potential buyers for several years, aiming in 2011 to fetch $2 billion for the streaming TV service.
Hulu could come under new ownership, if rumors about its potential sale is true. News Corp and Disney are said to be considering selling the streaming service to one of a number of potential suitors, though they are also considering the option of buying each other out in order to take full control of the company.
News Corp. has used the SXSWedu conference in Austin, Texas to reveal the Amplify 10-inch Android tablet for students in K-12, reports The New York Times. The device is a product of News Corpís new education division, which is using the tablet to gain a physical foothold in educational curriculum market. The Amplify tablets will ship with News Corp curriculum materials preinstalled, and will be supplemented by servers to help manage and store studentís data to further sweeten the deal.
News Corporation is shuttering its digital-only newspaper, The Daily, as part of the company's organizational changes. The date of its last publication, December 15th, will be just two months before the second anniversary of the iPad-only publication's creation. The primary motivation behind the closure has been revealed to be its unprofitability, caused through consistently low readership numbers.
News Corp's Chief Digital Officer Jon Miller has announced his intention to depart News Corp. Miller will remain as adviser to CEO Rupert Murdoch, COO Chase Carey, and deputy COO James Murdoch until September 2013. The departure precedes a set of business transactions that will split the company into an entertainment company, and a publishing arm that includes the Wall Street Journal in both print and digital form, a very different scenario than when Miller was hired to drive its technology and online initiatives.
News Corporation publication The Daily is laying off almost a full third of its workers, according to sources for AllThingsD, which is owned by the same parent company. That translates into about 50 people, who are expected to get their job loss notices today. The editorial and sports departments are said to be taking the biggest hits, although "skeletal" coverage in those areas will remain. Other affected departments are said to include the design and production teams.
Roku has secured funding from BSkyB and News Corp. A third partner that declined to be named, along with previous investors Menlo Ventures and Globespan Capital Partners, join the funding round and bring the strategic investment total to $45 million. Roku has already earmarked most of the new capital for specific purposes, with generous portions going toward advertising, expanding into new international markets, and increasing manufacturing for existing product lines.
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Remote S for Tesla Apple Watch app drives car out
Seagate 3TB unreliability suit expands
The Seagate 3TB class-action hard drive lawsuit has been expanded to more devices. The expanded suit, filed today, now includes Seagate's Barracuda 3TB Hard Disk Drive,¬†Desktop HDD 3TB, Backup Plus 3TB External Hard Disk¬†Drive,¬†GoFlex 3TB External Hard Disk Drive, or any other Seagate hard drive with model number ST3000DM001. The law firm, Hagens Berman, is seeking information from consumers such as time in service, purchase price, and the nature of any drive received in return from Seagate as a replacement for a failed unit. http://bit.ly/1Pc34Cq