Three big publishers that inked new pacts with Amazon to be able to set prices for their titles are now scratching their heads. The prices went up, but the sales went down. Lagardere SCA’s Hachette Book Group, News Corp’s HarperCollins Publishers and CBS Corporation’s Simon & Schuster all reported declining e-book revenues, despite the “win” of setting their own, considerably higher prices. Although the correlation between the two facts might seem obvious, some publishers insist lackluster books are to blame. Continue reading Publishers Raise Amazon Kindle E-Book Prices, Sales Plummet

YouTube announced that it is launching a new service called YouTube Newswire with social news agency Storyful. While the two companies have been working together in different capacities since the Tahrir Square protests in 2011 (and News Corp.-owned Storyful was contextualizing YouTube videos even before that), the new service plans to provide a curated and verified feed of newsworthy global events published on the video site. The goal is to help provide journalists with additional resources regarding breaking news, including first-hand eyewitness accounts. Continue reading YouTube and Storyful to Partner on Verified Eyewitness Videos

AllThingsD editors Walt Mossberg and Kara Swisher are leaving News Corp. at the end of the year, and have reportedly completed a deal with NBCUniversal for a news and conference business. Mossberg and Swisher will have majority control over the company while NBCUniversal and another unnamed investor will share one-third of the business, according to an unidentified source. Most of the current AllThingsD staff is expected to join the new holding company. Continue reading Mossberg and Swisher Leaving News Corp. for NBCUniversal

The bidding process for Hulu concluded on Friday and the Los Angeles-based streaming media company has reportedly narrowed down the list of suitors to DirecTV, The Chernin Group and Guggenheim Digital Media. Previous offers had reached at least $1 billion, people familiar with the dealings said in May. Some reports suggest that DirecTV may be the likely frontrunner, since the satellite TV provider could have the most to gain. Continue reading Hulu Bidding Concludes, Reportedly Down to Three Suitors

Reality series “Summer Break,” scheduled to premiere on Monday, is taking a nontraditional approach by distributing its content exclusively via social media sites such as Twitter, Tumblr and Instagram. Producer Peter Chernin of the Chernin Group sees the future of entertainment in social media and his new show will test this theory, targeting a younger audience he hopes will turn to their mobile devices to follow the unscripted stories. Continue reading Summer Break: Reality Series Exclusively for Social Media

Intel’s talks to purchase media content for a new TV service are moving forward, according to people familiar with the matter. Although Intel has yet to close any programming deals, the chip giant is reportedly offering to pay as much as 75 percent more for content than traditional cable rates. Sources indicate that Intel has moved substantially on subscriber fees it is willing to pay and has also suggested preventing viewers from skipping commercials for a show’s first run. Continue reading Sources Say Intel Advancing with TV Service Content Deals

News Corp. is planning a social networking expansion of its Wall Street Journal website, which will transform the site into a platform intended for more than simply delivering news. Lex Fenwick, CEO of Dow Jones, described the company’s plans during an investor day earlier this week. The focal point of the platform is a feature called WSJ Profile, which allows users to post what is essentially a digital resume and features social functions that could compete with LinkedIn. Continue reading News Corp. to Launch Social Network for Wall Street Journal

The number of potential bidders for Hulu grew late last week when it was reported that Time Warner Cable and DirecTV are both interested in the six-year-old online video site. Other firms that have expressed interest in Hulu include Guggenheim Partners, Yahoo and Peter Chernin’s investment group. The video site — jointly owned by Comcast, Disney and News Corp. — has reportedly been considering a range of strategic options, including a sale. Continue reading Pay TV Operators Time Warner Cable and DirecTV Eye Hulu

During a Q3 earnings call Wednesday, News Corp. COO Chase Carey discussed how Fox has experienced significant growth in home video due to digital downloads. Carey cited digital rentals and downloads via sites such as iTunes and Amazon as the primary contributing factor. He also suggested that in a few years “Hulu will look a bit different than it does today,” in order to compete with Netflix. Continue reading Exec Credits Digital Downloads for Fox Home Video Growth

Hulu announced yesterday that it has doubled its number of paid subscriptions to four million over the last year. The announcement was made Tuesday morning during the Digital Content NewFronts in New York. The company said it set a new revenue record in the first quarter, but did not specify the amount. Hulu also announced its third and most ambitious wave of original programming that will debut exclusively on the video site this year. Continue reading Hulu Doubles Paid Subscribers, Announces Original Shows

As broadcasters continue to battle the unauthorized distribution of their shows via Aereo, CBS announced that it has acquired a minority stake in Syncbak, a company that allows local TV stations to stream their content online. Syncbak’s technology enables the delivery of broadcast signals to smartphones and tablets. The service is currently being tested by more than 100 TV stations (including CBS, ABC, Fox and NBC affiliates) in 70 markets. Continue reading Potential Aereo Rival: CBS Invests in Streaming TV Startup

Aereo is really stirring the broadcast cable pot these days. In a radical announcement made during NAB in Las Vegas, News Corp. President Chase Carey said the company would consider converting its Fox broadcast network into a pay TV channel in response to the Aereo legal dispute. Broadcasters have taken Aereo to court over its service that basically enables users to rent small antennas to record free-to-air channels. Continue reading NAB 2013: Fox Could Turn to Pay TV if Aereo Ruled Legal

Broadcasters have been facing legal obstacles in their attempts to have TV startup Aereo shut down. Interestingly, there might be new hope for them in a legal case involving an aptly named company called Aereokiller LLC, which is a copycat company claiming to using similar technology to Aereo, streaming broadcast networks over the Web and possibly threatening Aereo’s future. Continue reading Aereo Future Could be Threatened by Copycat Aereokiller

Multiple sources suggest that Peter Chernin, former president and chief operating officer of News Corp., has formally bid around $500 million for Hulu through his Chernin Group holding company, reports Reuters. Chernin helped launch the online video streaming service in 2007, which is currently controlled by Disney and News Corp. (co-owner Comcast relinquished corporate control as a concession when purchasing NBCUniversal). Continue reading Insiders Say Peter Chernin Bidding $500 Million for Hulu

At the SXSWedu conference in Austin, Texas earlier this month, Joel I. Klein of News Corporation’s Amplify education division (and former chancellor of New York City schools), took the stage to make a surprising announcement: a 10-inch Android Amplify Tablet for K-12 schoolchildren. In addition, Amplify plans to provide schools with curriculum and infrastructure to store students’ data. Continue reading Amplify: News Corp. Offers Educational Tablet to Schools