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CNN, NYT, Fox News & Others Slapped With Patent Infringement Suits

By DOMINIC PATTEN | Thursday December 6, 2012 @ 10:17am PSTTags: CNN, Dow Jones, Fox News Channel, Reuters

Some of the nation’s largest media companies were simultaneously hit with patent lawsuits over cloud technology this week. In virtually identically worded complaints against Time Warner’s CNN Interactive and Time, News Corp’s Fox News and Dow Jones — plus The New York Times, Reuters, USA Today owners Gannett and AOL’s the Huffington Post (read CNN complaint here) — patent owner Clouding claims the organizations are infringing two of their patents on mobile phone apps and websites.
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Robert Thomson To Run News Corp’s Publishing Spinoff: WSJ

By DAVID LIEBERMAN, Executive Editor | Saturday December 1, 2012 @ 7:15am PSTTags: Dow Jones, News Corp, Robert Thomson, Wall Street Journal

This is a story that the Wall Street Journal had better have right: The paper reports this morning that its managing editor, Robert Thomson, will become CEO of the still-unnamed publishing company that News Corp will create next year in a spin off. Next week the company plans to announce Thomson’s appointment and the elevation of his deputy, Gerard Baker, to replace him as managing editor of the Journal, the paper says citing “people familiar with the matter.” The company also may announce other senior appointments and board members, as well as a name for the publishing company, but final decisions haven’t been made. CEO Rupert Murdoch said in October that he would announce the leadership plans by year-end. Read More »

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News Corp Taps Bloomberg’s Lex Fenwick To Run Dow Jones

By DAVID LIEBERMAN, Executive Editor | Thursday February 2, 2012 @ 11:45am PSTTags: Bloomberg, Dow Jones, News Corp

NEW YORK, NEW YORK – February 2, 2012 – News Corporation today named Lex Fenwick  Chief Executive Officer of Dow Jones & Company. Mr. Fenwick joins Dow Jones from  Bloomberg LP, where he spent 25 years, most recently as CEO of Bloomberg Ventures. He  will be based in New York and report to Chase Carey, President and COO of News  Corporation. His appointment is effective February 13, 2012.  He succeeds Les Hinton, who left the Company in July.

“Lex has been a driving force in the financial news and information industry for more than two decades,” commented Mr. Carey. “His aggressive and bold leadership will be invaluable to Dow Jones at a time when digital technologies are making information ever more important. We have a great opportunity to build enormous value around Dow Jones’ unique expertise and franchises.

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UPDATE: Media Stocks End Day -7.3% As Markets Grapple With S&P’s Debt Downgrade

By DAVID LIEBERMAN, Executive Editor | Monday August 8, 2011 @ 11:22am PDTTags: AMC Networks, Barnes & Noble, Cablevision, CBS, Coinstar, Comcast, Dow Jones, DreamWorks Animation, Entercom, Liberty Media, LIN TV, McClatchy, McGraw-Hill, News Corp, Pandora Media, Rovi, Sinclair Broadcasting, Sirius XM, Sony, Time Warner, TiVo, Viacom, Westwood One

UPDATE, 2 PM: The market deteriorated as the day wore on, continuing the worst market slump since 2008. The Dow Jones U.S. Broadcasting and Entertainment Index closed down 7.3% — exceeding the 5.6% decline in the Dow Jones Industrial Average, 6.7% drop in the Standard & Poor’s 500, and 6.9% fall at NASDAQ.  CBS’ -10.3% slide made it the leading loser among media’s Big Guns. It was followed by News Corp (-7.7%), Viacom (-7.1%), Comcast (-6.6%), Sony (-6.4%), Disney (-6.1%), and Time Warner (-5.8%).

Double-digit losers include AMC Networks (-12.8%), LIN TV (-12.7%), Sirius XM (-12.7%), RealD (-12.6%), Cumulus Media (-11.9%), TiVo (-11.4%), Entercom (-10.9%), Westwood One (-10.8%), and E.W. Scripps (-10.3%). Those losing at least 9% include National CineMedia, Dish Network, Arbitron, Sinclair Broadcasting, Rovi, Outdoor Channel, Crown Media, Electronic Arts, Cablevision, and Coinstar. Read More »

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Another Sign Western Civilization Might Be Coming To An End…

By NELLIE ANDREEVA | Tuesday July 27, 2010 @ 2:20pm PDTTags: Dow Jones, Jersey Shore, MTV, MTV Jersey Shore, New York Stock Exchange, TV, Wall Street
Nellie Andreeva

The cast of MTV’s Jersey Shore rang the opening bell at the New York Stock Exchange this morning… Dow Jones ended the day up .1%, while the stock of MTV parent company Viacom was down 1.8%.

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