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7/19/2005

 
News Corporation Forms New Internet Unit

Fox Interactive Media To Consolidate News Corps US Web Properties

LOS ANGELES, CA, July 15, 2005 - News Corporation today announced the formation of Fox Interactive Media (FIM), a new unit that will leverage the strength of Foxs distinctive entertainment, news and sports brands across the Internet to offer a richer online experience to its millions of users. Veteran media and interactive executive Ross Levinsohn will become President of FIM, which will be based in Los Angeles. Additionally, veteran Fox News executive Bert Solivan will join as Executive Vice President.

FIM will manage the growing stable of interactive assets from all Fox divisions - including the highly trafficked foxsports.com, foxnews.com and fox.com, as well as coordinate the owned-and-operated television station web properties. FIM will immediately focus on creating a robust broadband experience leveraging the vast current and archive video assets, while also building an integrated hub of dynamic content with multiple points of entry, seamless navigation and the ability to customize and personalize. It will provide the ultimate home base for users news, information, entertainment and community needs. The new division will also pursue strategic investments to further enhance the Internet experience for Fox users.

FIM executives will work closely with Foxs wireless entertainment and digital media groups as well as with management of all Fox units to ensure that each operating division continues to shape its unique voice on the web.

Were launching this new unit after months of internal study and discussion among News Corp. senior management from all key divisions, said News Corporation Chairman and Chief Executive Officer, Rupert Murdoch. Across the board, we believe no other media company has been as successful at creating distinctive content and finding ways to distribute it over every conceivable platform to mass audiences around the world. Were confident this success will translate to the Internet. We believe the time is right for the launch of FIM and were committed to devoting the resources to make it one of the premier companies on the web.

Im thrilled with the opportunity to lead this exciting new venture, said FIM President Ross Levinsohn. Rupert Murdoch and Peter Chernin are committed to making FIM a key player in the new media landscape and our operating divisions are excited to have a stake in this new business. We have all the building blocks for success and were convinced that by combining our internet assets under one banner and making a few shrewd investments, we can quickly become one of the most exciting and innovative destinations on the web.

Levinsohn, 42, an experienced media and internet executive, was Senior Vice President and General Manager of Fox Sports Interactive Media before being named President of Fox Interactive Media. In that role, he was responsible for the overall interactive media businesses of Fox Sports including internet, wireless, broadband and interactive television. Under Levinsohns leadership, foxsports.com grew from less than 800,000 unique users a month to averaging more than 10 million users per month, topping espn.com's stand-alone user base for the past two months. He also served as VP and GM of the AltaVista Network, a leading provider of internet search and portal services, and served as VP, Executive Producer of CBS Sportsline from 1996-1999. Previously, Levinsohn spent seven years at HBO in New York.

Solivan, 37, joined FOX News in 1996 and was Vice President of News Information and General Manager of Foxnews.com until joining Fox Interactive Media. Solivan's other responsibilities included overseeing FOX News' 24-hour news research department and its on-air fact writing operations. Prior to joining FOX News, Solivan was a principal at JI, a research consulting firm specializing in financial, executive compensation, and legal research.

Also joining Fox Interactive Media is Ed McKenna, who was Senior Vice President of Finance at Fox Entertainment Group, and Mike Angus, who was senior vice president of business and legal affairs at Fox Cable Networks Group. McKenna, 47, will be EVP and CFO of Fox Interactive, while Angus, 37, will be EVP and General Counsel.

News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV) had total assets as of March 31, 2005 of approximately US$56 billion and total annual revenues of approximately US$23 billion. News Corporation is a diversified international media and entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin.

For more information about News Corporation, please visit www.newscorp.com.

Contacts:
Andrew Butcher 212-852-7070
Teri Everett 310-369-2929




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