NEW YORK--(Business Wire)--
"News Corporation has a long-standing commitment to the broadcast television
business, and to delivering the highest-quality entertainment, sports and news
programming to our viewers on a localized basis. We are committed to
broadcasting under a business model where programmers receive fair compensation
from parties that want to redistribute our product while continuing to make our
product available for free to individual consumers that want to access our
"We believe that Aereo is pirating our broadcast signal. We will continue to
aggressively pursue our rights in the courts, as well as pursue all relevant
political avenues, and we believe we will prevail.
"That said, we won`t just sit idle and allow our content to be actively stolen.
It is clear that the broadcast business needs a dual revenue stream from both ad
and subscription to be viable. We simply cannot provide the type of quality
sports, news, and entertainment content that we do from an ad supported only
business model. We have no choice but to develop business solutions that ensure
we continue to remain in the driver`s seat of our own destiny. One option could
be converting the FOX broadcast network to a pay channel, which we would do in
collaboration with both our content partners and affiliates."
About News Corporation
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of
December 31, 2012 of approximately US$63 billion and total annual revenues of
approximately US$34 billion. News Corporation is a diversified global media
company with operations in six industry segments: cable network programming;
filmed entertainment; television; direct broadcast satellite television;
publishing; and other. The activities of News Corporation are conducted
principally in the United States, Continental Europe, the United Kingdom,
Australia, Asia and Latin America.
For News Corporation
Scott Grogin, 310-369-4733
Dan Berger, 310-369-1274
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