News and Media

News Corp. board approves poison pill, $500 million stock buyback before split

24 May 2013

LOS ANGELES, Calif. - News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the volatile trading period after the split is complete.

News Corp. OKs poison pill, buyback before split

24 May 2013

LOS ANGELES (AP) — News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the volatile trading period after the split is complete.

Yahoo joins growing list of bidders for Hulu - sources

24 May 2013

LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge ...