Disney recently said it expects the growth rate for its cable networks unit to drop from nearly 10% to the mid-single digits, because the number of subscribers is shrinking.
The service would have about 25 channels, anchored by broadcasters such
as ABC, CBS and Fox, and would be available across all devices powered
by iOS operating system.
Some branding experts say the absent alphabet may signify the Watch's positioning for now - as an accessory and companion to the iPhone, which it requires in order to work.
Murdoch, who is Fox's chairman and CEO, cited Time Warner's management
and its board's refusal to come to the table to discuss a takeover as
one reason for the stunning turnabout.
Rupert Murdoch's News Corp on Friday said it would purchase Harlequin from Torstar Corp, owner of the Toronto Star, Canada's largest daily newspaper by circulation.