Alan Gould News
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Walt Disney Co. Chief Executive Officer Robert Iger’s franchise-focused movie strategy will survive the downfall of the company’s movie chief even after “John Carter” lost $200 million, analysts said.
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Walt Disney Co., the world’s largest entertainment company, said the box-office disappointment “John Carter” will post a loss of about $200 million, possibly the biggest ever for a single film.
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News Corp.’s involvement in the U.K. phone-hacking and bribery scandal has drawn attention from regulators, who are examining the company’s fitness to hold a broadcasting license through its stake in British Sky Broadcasting Group Plc.
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News Corp., owner of Fox Broadcasting, reported a 65 percent increase in second-quarter profit, driven by higher fees from pay TV operators. The company also said a hacking scandal has cost $195 million.
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Walt Disney Co. and its state-owned China partner will invest about $4.4 billion building a resort in Shanghai, the entertainment company’s second amusement park in the world’s most- populous nation.
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News Corp. Chief Operating Officer Chase Carey , brought in as Rupert Murdoch ’s No. 2 less than a year ago, has emerged to lead negotiations on the biggest acquisition in the company’s history.
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James Murdoch, News Corp.’s deputy chief operating officer, is cutting some of his ties to London ahead of a move to New York that was delayed amid a phone- hacking scandal that engulfed the U.K. business.
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Rupert Murdoch ’s bid for the rest of British Sky Broadcasting Group Plc has become $700 million more expensive after the pound’s 6 percent gain against the dollar.
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Viacom Inc., owner of the MTV network and Paramount Pictures, gained the most in more than two years after posting profit and revenue that rose more than analysts estimated and adding $6 billion for stock buybacks.
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News Corp. , CBS Corp. and Viacom Inc. are weighing dividend increases or share buybacks as an advertising rebound spurs cash flow, after media companies cut back during the U.S. recession.
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