Statement from News Corporation President and Chief Operating Officer Chase Carey Regarding Broadcast Television and Aereo
“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 signal.
“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.
