New York - News Corporation has announced that it intends to pursue the separation of its publishing and media and entertainment businesses into two distinct publicly traded companies. Upon the closing of this transaction, shareholders will hold interests in both newly-formed companies. The proposed transaction will create a global media and entertainment company, encompassing News Corporation's broadcast and worldwide cable networks, leading film and television production studios, … [Read more...] about News Corporation to separate entertainment and publishing businesses
Rupert Murdoch
News Corp to buy Consolidated Media Holdings
Sydney - Consolidated Media Holdings Limited (CMH) has announced that it has received a conditional and nonâ€binding proposal from News Limited (News) to acquire CMH at a price of US $3.50 cash per share by way of a scheme of arrangement on a CMH board – recommended basis (the Proposal). If the acquisition goes through, the Rupert Murdoch-owned News Corp will own 50% of Foxtel, Australia’s largest Pay-TV business. The proposal is subject to a number of conditions. These … [Read more...] about News Corp to buy Consolidated Media Holdings
Big Brother connects with Facebook
First American Idol, now Germany’s Big Brother. Endemol has launched a voting platform on Facebook in Germany for the reality television series, Big Brother. For the first time ever, fans will be able to vote online for the contestant that they would like to see leave the “Big Brother” house. Up until now viewers have only been able to place their votes by calling in or sending text messages. Endemol in cooperation with plazz entertainment AG, has developed one of the first … [Read more...] about Big Brother connects with Facebook
