From the Crikey grapevine, the latest tips and rumours …

Shaken and stirred at News Corp. Word is emerging in TV and newspaper circles about an impending reorganisation of Foxtel/Fox Sports and News Corp Australia later this year. TV industry sources say Foxtel has stopped spending money on new programming ideas (it's keeping existing ones going) because of the impending revamp. The structure of the various pay TV offerings will change, with the top-tier channel offerings to be shaken up and weak-performing channels dropped. Fox Sports is likely to be shaken up as well because of its weak performance in the past year. There's talk of job cuts, right the way to the top of some parts of Fox Sports, News Corp Australia and Foxtel itself. Pay TV ad revenues are down 12% or more so far this year. There may be hints of the changes in the annual results of Telstra (owner of 50% of Foxtel) in early August, and in the News Corp results next Thursday in New York.