News Corp. Acquires Skiff E-Reading Platform From Hearst
Journalism Online's Press+TM e-commerce platform allows publishers to choose and continually adjust multiple options for paid access, with each publisher selecting its own business model, offerings, and pricing. This includes the "metered model" under which many readers will continue to access sites for free, while the most engaged readers will pay for full access. Press+ will give consumers the convenience of one account and password to access their favorite websites.
Mr. Housman has worked closely with News Corporation for the past several years as a strategic advisor, primarily directing projects at Fox Entertainment Group, Fox Interactive Media and NDM.
Earlier, he served as managing director and board member of The Wall Street Journal Europe SPRL, leading the Dow Jones European subsidiary which distributes in 35 countries across Europe, the Middle East and Africa. He also led a division formed by Dow Jones to build and grow the company's global online and classifieds business. He has led several acquisitions / investments and served on several boards on behalf of News Corporation. Previously, he was co-founder and chief executive of Jungle Media Group, a New York-based media company targeting the "young professional" marketplace with properties in digital, print, conferences and books. He also worked as a consultant with McKinsey & Co, specializing in strategy and technology for companies and private equity firms in the media and entertainment space.
About News Corporation
News Corporation had total assets as of March 31, 2010 of approximately US$55 billion and total annual revenues of approximately US$32 billion. News Corporation is a diversified global media company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; integrated marketing services; newspapers and information services; book 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.