Michael Florin Named Senior Vice President and Head of Investor Relations for New News Corporation

Fri Mar 8, 2013 12:15pm EST

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NEW YORK--(Business Wire)--
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today announced the
appointment of Michael Florin as Senior Vice President and Head of Investor
Relations for the new News Corporation, the proposed global publishing entity to
be formed as part of the Company`s intended separation into two independent,
publicly traded companies. In his new role, effective April 1, he will report to
Chief Financial Officer of the new News Corporation, Bedi Ajay Singh. 

Mr. Florin has over 20 years of investment and media industry experience, most
recently with Morgan Stanley, where he served as the Media-Telecom Sector
Specialist since 2008. 

"Michael brings to the new News Corp an ideal combination of deep media
knowledge along with unique experience working on both the buy and sell sides of
the business," said Mr. Singh. "His expertise at understanding and communicating
effectively about our industry has earned him respect in the investment
community and will make him an enormous asset for the Company. I am delighted
he`s joining our team." 

"We have a very good story to tell investors and, in Michael, we have an able,
articulate individual to be the no-nonsense narrator of our fortunes," said
Robert Thomson, Chief Executive Officer of the new News Corporation. 

While at Morgan Stanley, Mr. Florin received distinguished recognition in the
Institutional Investor Survey as a top sector salesperson for 2012. In addition
to his sell-side experience, he served as a buy-side analyst for TIAA-CREFF,
and, before that, for U.S. Trust. He began his financial services career in
equity research roles at CIBC Oppenheimer and Gerard Klauer Mattison. Mr. Florin
holds a BA from the University of Michigan and an MBA from Columbia Business
School, both with honors. 

News Corporation Separation

On June 28, 2012, News Corporation announced that it intends to pursue the
separation of its publishing and its media and entertainment businesses into two
distinct publicly traded companies. The global publishing company that would be
created through the proposed transaction would consist of the Company`s
publishing businesses, its education division and other Australian assets. The
global media and entertainment company would consist of the Company`s cable and
television assets, filmed entertainment, and direct satellite broadcasting
businesses. Following the separation, each company would maintain two classes of
common stock: Class A Common and Class B Common Voting Shares. The separation is
expected to be completed in approximately one year from the date of
announcement. In addition to final approval from the Board of Directors and
stockholder approval of certain amendments to the Company`s Restated Certificate
of Incorporation, the completion of the separation will be subject to receipt of
regulatory approvals, opinions from tax counsel and favorable rulings from
certain tax jurisdictions regarding the tax-free nature of the transaction to
the Company and to its stockholders, further due diligence as appropriate, the
execution of certain agreements relating to the distribution, and the filing and
effectiveness of appropriate filings with the SEC. On March 8, 2013, New
Newscorp LLC filed an amended Form 10 registration statement and News
Corporation filed a revised preliminary proxy statement with the Securities and
Exchange Commission in connection with the separation. The Company has also
applied for certain regulatory approvals and tax rulings required to enable the
separation to be completed as described. There can be no assurances given that
the separation of the Company's businesses as described will occur. 

About News Corporation

News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of
December 31, 2012 of approximately US$63 billion and total annual revenues of
approximately US$34 billion. News Corporation is a diversified global media
company with operations in six industry segments: cable network programming;
filmed entertainment; television; direct broadcast satellite television;
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.

News Corporation
Nathaniel Brown, 212-852-7746
nbrown@newscorp.com

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