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News Corp. Isn’t Talking To NBC Or About Travel; Online Fee Plans Delayed; Kindle Still Not Enough

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Rupert Murdoch knocked down at least one acquisition rumor—one he helped give life to at the News Corp annual meeting—and left one standing during the company’s fiscal Q1 earnings call. Speaking from Sydney, the chairman and CEO of News Corp (NYSE: NWS). said:  “We’re not interested in NBC as such ... We’re not in talks with anybody at the moment.” A few minutes later, COO Chase Carey gave a much murkier answer when asked whether News Corp. was still in the running for the Travel Channel, saying first, “We’re not going to comment on any specific properties we haven’t commented on.” After some prodding, he said he couldn’t answer because they had a non-disclosure agreement. Cox is selling a majority interest in the Travel Channel; the latest reports have News Corp. pulling out because the price was headed too far north, leaving Scripps Networks (NYSE: SNI) as the most likely buyer. I would not be surprised if that deal is announced Thursday morning along with Scripps earnings.

Online fee timeline moved back?: Murdoch has said News Corp.‘s news sites all would start charging for content this fiscal year but he pulled back on that in today’s call. Asked by a reporter from the Daily Telegraph for an update, he replied: “No. We are working very, very hard at this but I wouldn’t promise that we’re going to meet that date. I’m not prepared to comment on that all. It’s a work in progress. There’s a huge amount of work going on, not just with our sites, but with other people like your company.”

E-reader update: The un-love affair with Kindle continues. WSJ.com has doubled its take from Amazon (NSDQ: AMZN) - subscriptions were $10 with the paper getting $3.00; “we’ve lifted that to $15 of which we get $6.50, I think.”  Murdoch also dismisses it as a newspaper e-reader: “Kindle is a fantastic invention for reading books but not much of an experience for reading newspapers.”  As for the competition due for the holidays, “they’re all very early stage black-and-white efforts. We’ll certainly make ourselves available on them all provided that we get a fair share of the revenue.” Murdoch didn’t mention that Barron’s is now on the Kindle for $10.99 a month, about $131 annually. That compares to $5 for the print edition on the newsstand; he replica e-edition for $11 a month or $3.99 an issue; and an online-only subscription to Barrons.com for $79 a year.

Nov 4, 2009 7:33 PM ET

Chase Carey Photo: Corbis


Posted In: Media & Publishing, Books, e-readers, Newspapers, TV, Cable & Telecom, Companies, Amazon, Kindle, NBC Universal, News Corp., Scripps, chase carey, rupert murdoch, travel channel

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