|Bid||0.00 x 3200|
|Ask||0.00 x 2900|
|Day's Range||15.19 - 15.34|
|52 Week Range||11.38 - 15.36|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.20 (1.31%)|
|Ex-Dividend Date||Sep 08, 2019|
|1y Target Est||N/A|
(Bloomberg) -- The U.S. Justice Department is organizing meetings with large publishing companies to seek information about how Alphabet Inc.’s Google operates in the digital advertising market, according to people familiar with the matterIn a sign the government is advancing its antitrust investigation, the agency has contacted News Corp., Conde Nast and The New York Times Co. within the last two months. At least one of the meetings, with Conde Nast representatives, already occurred, two people said.The meetings come about five months into the Justice Department’s broad investigation into whether technology platforms, including Google, are using their dominance to thwart competition in digital markets. The Google probe focuses on digital advertising, search operations and conduct in the shopping-comparison market.News organizations have long harbored grievances about Google’s control over the digital advertising market. Media companies have struggled to win enough digital advertising dollars to make up for the shortfall in print advertising as more readers seek content online and digital marketers become increasingly focused on targeting individuals instead of publications’ audiences.While the Justice Department met with publishers early in the Google probe, the recent outreach was initiated by the department and questions are more in-depth, said two of the people. The information gathered by investigators could be used to build an antitrust case against the company. The people familiar declined to be named because they weren’t authorized to speak publicly.A Google spokeswoman pointed to a blog post in which the company argues that it competes with many others in the digital advertising industry, including Amazon.com Inc., Facebook Inc., Oracle Corp. and Verizon Communications Inc.News Corp., The New York Times, Conde Nast and the Justice Department declined to comment.Google’s advertising practices have an outsized impact on the news business. Google and Facebook take in about 60% of all U.S. digital advertising revenue, according to eMarketer, a research firm. News Corp., which publishes The Wall Street Journal and owns HarperCollins Publishers, has complained publicly to regulators about Google’s dominance in the technology ecosystem that delivers ads across the internet. News Corp. has invested in digital advertising companies that compete with Google.Google maintains that it passes on 70% of revenue generated by digital advertising to publishers and has invested in new programs to help news organizations drum up subscriptions and adapt to the digital age. Some publishers have said the figure is lower.Publishers and advertisers have long complained that Google’s vast and complex digital advertising system is a “black box” that leaves them in the dark about how ad placements are fulfilled and how prices are set.The process of showing a single ad to a person visiting a web page often involves an assembly line of different companies for buyers and sellers, many of which are controlled by Google. For instance, an advertiser might use Google Campaign Manager and Google Display & Video 360 to store its digital advertisements and manage its bidding for advertisement placements. On the other end of the process, publishers depend on Google Ad Manager to conduct auctions between marketers for ad space on their websites.For more: How Google’s Ad Ecosystem WorksGoogle’s recent decision to stop supporting third-party cookies over the next two years may have caught the government’s eye. Cookies are a key tool used by marketers to track would-be customers as they move around the internet -- an essential part of the digital advertising ecosystem.Google’s move, announced in a blog, may offer users more privacy but also gives the company more power by cutting off marketers’ use of valuable information about their customers. The company has previously warned that publishers could see a drop in revenue after the elimination of cookies.Publishers note that any changes Google makes to its search engine can have an outsized impact on how their readers find and see their content.Deputy Attorney General Jeffrey Rosen said in an interview last year that the department plans to move quickly and keep the probe from dragging on.The review coincides with other federal and congressional inquiries into the online platforms. The Federal Trade Commission, which shares antitrust jurisdiction, is also probing the technology sector. Texas Attorney General Ken Paxton is leading a multi-state probe into Google, focused on its power in the advertising market.Rhode Island Democrat David Cicilline, chair of the House Judiciary Committee’s antitrust panel, is also examining the tech sector, including how Google and Facebook treat the news business.\--With assistance from Gerrit De Vynck.To contact the reporters on this story: Naomi Nix in Washington at firstname.lastname@example.org;David McLaughlin in Washington at email@example.com;Mark Bergen in San Francisco at firstname.lastname@example.org;Gerry Smith in New York at email@example.comTo contact the editors responsible for this story: Sara Forden at firstname.lastname@example.org;Nick Turner at email@example.com;Jillian Ward at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
James Murdoch, the youngest son of News Corp founder Rupert Murdoch, and his activist wife Kathryn, have been critical of what they believe is man-made climate change denial within fire coverage and commentary in the Australian newspapers and global outlets owned by the media empire.
In a pointed joint statement aiming to highlight their deep unhappiness with the coverage, James and his wife Kathryn took aim at conservative News Corp outlets in Australia for their “ongoing denial” of global warming.
Rupert Murdoch’s Australian outlets have committed all manner of sins in their coverage of the country’s devastating bushfires, critics say. Falsely peddled the argument that arson is a major contributor to the crisis, including publishing misleading information about the number of arson-related bushfire arrests, and downplayed the role of climate change. This week, a senior News Corp employee sent an all-staff email calling for the falsehoods to stop.
(Bloomberg) -- Senate Majority Leader Mitch McConnell is cosponsoring a bipartisan bill that would help news publishers jointly negotiate with internet platforms such as Facebook Inc. and Alphabet Inc.’s Google.The Kentucky Republican added his support to the bill on Monday, according to Congress’s website. The legislation would grant publishers a four-year exemption from antitrust laws so they could negotiate financial terms with the tech giants that often serve as a gateway for readers and online advertisers.McConnell’s support arrives as the companies increasingly come under fire in Washington on issues ranging from privacy to election interference. They have also been accused of controlling too much of the advertising market, to the detriment of news outlets who rely on the companies to reach advertisers and their audiences.The bill, which has seven Senate supporters in total, was introduced by Senators John Kennedy, a Louisiana Republican, and Amy Klobuchar, a Minnesota Democrat. A companion measure in the House was introduced by the chairman of the antitrust subcommittee, Democratic Representative David Cicilline of Rhode Island, and the Judiciary Committee’s top Republican, Representative Doug Collins of Georgia.Last month, two additional senators, Cory Booker, a New Jersey Democrat, and Rand Paul, a Kentucky Republican also signed onto the legislation.David Chavern, president of the News Media Alliance, a trade group for publishers that supports the bill, said the latest sponsorships suggest the proposal is gaining momentum.“There is bipartisan concern about the future of local news,” said Chavern, whose group counts the New York Times, the Washington Post and News Corp. as members. “Local news in particular needs to find its way to a new economic model and that economical model runs through Google and Facebook.”Bloomberg News does not belong to the publishers’ group.In response to criticism in recent years, tech companies have been making changes to the way they handle news content. Last year, Facebook introduced a separate news section in its flagship app, offering users more control over articles they see and providing money to the publishers whose stories are featured. Google has said it drives readers to publishers’ websites and has created new programs to improve advertising and technology practices of media companies.Representatives for Google and Facebook did not immediately comment on McConnell’s move. Both companies have lobbied on the measure, as has News Corp., according to disclosures with Congress.Carl Szabo, vice president of the tech trade group NetChoice, which counts Facebook and Google as members, said the measure would be “absurd” and urged lawmakers to reject it.“If passed, an antitrust exemption would likely only cement media cartels dominated by the likes of Rupert Murdoch, not local journalists,” said Szabo, referring to the founder of News Corp.To contact the reporters on this story: Ben Brody in Washington, D.C. at email@example.com;Naomi Nix in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Sara Forden at email@example.com, Elizabeth Wasserman, Jon MorganFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
December saw the largest year-over-year decline of housing inventory in almost three years with a dramatic 12 percent decline, pushing the number of homes for sale in the U.S. to the lowest level since January 2018 according to the December 2019 Housing Trends report released today by realtor.com®.
The HBO series Succession took home the Golden Globe for Best Television Series in the drama category last night. It’s a tale of greed and corruption set against a backdrop of obscene wealth and privilege that, advisors say, all too often mirrors reality.
The London-listed firm said as part of the deal, it would issue about 6.91% of its voting share capital to News Corp, the owner of the Wall Street Journal and The Times. As more people switch to online services, ad dollars are also moving to digital platforms like Facebook and Google, making video advertising a lucrative market. News Corp will be subject to a lock-up period of 18 months and both parties have agreed to spending 30 million pounds ($39.25 million) in ads over three years.
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
Historically, April launched the kickoff of the home shopping season as buyers would come out of their winter hibernation looking for their new home. However, the spring shopping season now starts in January for many of the nation's largest markets, according to new research released today by realtor.com®.
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]
The "Chartwell" mansion has 11 bedrooms, 18 bathrooms, a five-bedroom guest house, a 12,000-bottle wine cellar, as well as a 40-car parking garage.
While the U.S. housing market is expected to cool in 2020, certain markets will remain steadfast, fueled by strong local economies, job creation, and available inventory, especially at the entry-level price point. Topping next year's housing markets list are Boise, Idaho, McAllen, Texas, and Tucson, Ariz., according to realtor.com®'s analysis of the 100 largest metros released today.
What a difference a year makes. In November 2018, higher mortgage rates and increasing inventory characterized the U.S. housing market. This November, the number of homes for sale fell nearly 10 percent year-over-year in a market where low interest rates are spurring increased demand, according to the November 2019 Housing Trends report released today by realtor.com®.
News Corp announced today that Senior Vice President and Head of Investor Relations Michael Florin will participate in the UBS Global TMT Conference on Tuesday, December 10, 2019, to be held in New York, NY.
At a time when millennials are reaching key life milestones, the U.S. housing market will continue to slow in 2020 as inventory reaches historic lows and economic uncertainty prompts consumers to pull back on their spending, according to the realtor.com® 2020 housing forecast released today.
Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 26% in 2019 (through November 22nd). Conversely, hedge […]
News Corp announced today that David Kline will become Chief Technology Officer, beginning in January. He will succeed Marc Frons, who has held the post since 2016.
Tucker Carlson stirred up plenty of buzz Monday when he suggested Michelle Obama could ultimately join the 2020 presidential race. But one Fox News guest, who was brought on to talk about the prediction, didn’t play along.
SANTA CLARA, Calif. , Nov. 19, 2019 /PRNewswire/ -- Realtor.com®, the Home of Home Search℠, recently held Hack-it-Forward, a three-day event in which employees across its seven offices in the U.S. and ...
SANTA CLARA, Calif., Nov. 13, 2019 /PRNewswire/ -- One year after Amazon selected Arlington, Va., as the site of its new HQ2, the impact on the housing market has been pronounced. Massive inventory shortages, sky-high price spikes and a blistering pace of sales are now the norm in the metro surrounding Amazon's second headquarters, propelling it to one of the nation's hottest housing markets, according to research by realtor.com®.