Published already June 28 - so this is for the archives ...
Media Decoder | New York Times :: In a string of interviews and conference calls, Rupert Murdoch, the company’s chairman and chief executive, offered a full-throated defense of the newspaper business in an attempt to silence critics who have said the spinoff reflects a judgment that newspapers have become a liability to the reputation and balance sheets of News Corporation.
Incl. CNBC interview, watch here / report by Amy Chozick, mediadecoder.blogs.nytimes.com
New York Observer :: As News Corp. shores up its print and television properties leading up to the company’s highly publicized split, its scrappy and beloved internal newswire Newscore has quietly gone dark, with at least 20 positions eliminated—and possibly more than twice that if cuts hit bureaus in London and Sydney.
A report by Kat Stoeffel, observer.com
... obviously that won't happen twice: on the agenda for sure piracy again.
New York Times :: On Tuesday, the titans of both media and technology will convene in Sun Valley, Idaho, for an exclusive annual conference sponsored by the boutique investment firm Allen & Company. It will be the first time since the piracy debate went viral that top technology and entertainment executives will assemble en masse on neutral ground to discuss major issues affecting both industries.
The ongoing "piracy" debate - Continue to read Amy Chozick, www.nytimes.com
Guardian : Alice Macandrew, one of James Murdoch's closest advisers who quit News Corporation after a disagreement in the way the phone-hacking scandal was being handled, has re-emerged at BSkyB. Macandrew, who resigned from News Corporation at the height of the hacking crisis in July and formally left the media group at the end of the year, has taken the role of director of corporate communications at BSkyB.
Continue to read Mark Sweney, www.guardian.co.uk
Data Dispatch | SNL :: A number of media companies in recent years have pursued major spinoffs. At the end of 2005, for instance, CBS Corp. and Viacom Inc. separated into two publicly traded companies, with CBS keeping the broadcast network and TV and radio stations.
[Sarah Barry James:] Interestingly, despite Murdoch's positive remarks on how certain companies fared post-separation, not all of the spinoffs created higher shareholder value.
Continue to read Sarah Barry James, www.snl.com
Media Equation | New York Times :: The Times of London and The Sunday Times are buried in losses. Richard Greenfield, an analyst at BTIG Research, estimated that legal costs associated with the hacking scandal would be over $300 million this year and next. Others estimate that payouts to victims of the scandal could reach as much as $1 billion. Brett Harriss, an analyst with Gabelli & Company, told Bloomberg that he thinks The New York Post loses as much as $110 million a year. The Australian properties have already been publicly targeted for a big reorganization.
HT: Michael Calderone, here:
Media analyst "thinks the New York Post loses as much as $110 million a year." nyti.ms/LqT729— Michael Calderone (@mlcalderone) July 1, 2012
Guardian :: Will Rupert Murdoch really quit these shores as News Corp divides into two? It's hard to believe, but the national press will look a lot more ragged if he does
[Peter Preston:] For two years at least there's been a Fleet Street descant as the Murdoch empire has cracked and groaned: be careful what you wish for. Be sure that, if the old boy is driven out or takes his bat home, there's a viable newspaper business left behind.
Continue to read Peter Preston, www.guardian.co.uk
The Australian Financial Review :: Two decades ago Australian fund managers had a dictum about Rupert Murdoch. If you were travelling in a convoy with him, it was important to be sailing in the same ship. If the ship was torpedoed, you had to be in the same lifeboat. It’s a sobering context for News Corporation’s thousands of journalists around the world as they are shepherded to the emergency debarkation points before the empire splits in two.
Breaking news . . . Rupert’s not going to be in the boat.
Continue to read Neil Chenoweth, www.afr.com
Sydney Morning Herald :: News Corp's Australian newspapers and pay TV companies will stay together while worldwide the media group's publishing assets are split off from TV and film under a restructure announced by the company overnight.
Continue to read Peter Trute, news.smh.com.au
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