A Los Angeles Dodgers bankruptcy court hearing on whether to dismiss the team's bankruptcy filing has been canceled without explanation, according to court documents. Fox Sports, which has a contract to broadcast the team's games through 2013, on Friday asked the bankruptcy court to consider dismissing the bankruptcy case, saying that the team's bankruptcy was not valid and just an attempt to invalidate Fox's TV-rights contract.The hearing was scheduled for tomorrow and no reason was given for its cancellation.Fox Sports, a part of News Corp , is trying to hold on to the right to broadcast the team's games, which it currently carries on Prime Ticket, a regional sports network. Under its current contract, Fox Sports has another year during which it has the exclusive right to negotiate a new contract.The Dodgers, meanwhile, have struck a deal with Major League Baseball in which it has agreed to sell the team -- including the media rights -- and it wants to begin those negotiations immediately rather than wait for the contract to expire.
News Corporation is a diversified global media company. Shares of NWSA fell by 0.18% or $-0.03/share to $16.29. In the past year, the shares have traded as low as $13.38 and as high as $18.35. On average, 26056200 shares of NWSA exchange hands on a given day and today's volume is recorded at 25538072.
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