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News Corp (NWSA.O)

NWSA.O on Nasdaq

11.92USD
8 Dec 2016
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$0.09 (+0.76%)
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Latest Key Developments (Source: Significant Developments)

News Corp says Ireland's competition regulator clears Wireless deal
Wednesday, 3 Aug 2016 11:09am EDT 

News Corporation : Recommended cash offer for Wireless Group .Announces that on Aug. 2 Ireland's Competition And Consumer Protection Commission issued clearance for acquisition of Wireless.  Full Article

News Corp, Wireless agree on terms of cash offer
Thursday, 30 Jun 2016 08:06am EDT 

News Corp : Offer values entire existing issued and to be issued share capital of Wireless at approximately £220.3 million . Offer represents a premium of approximately 70.3 percent over closing price of 185 pence per wireless share on 29 June 2016 . Wireless shareholders will receive, for each Wireless share held, 315 pence in cash . Has received irrevocable undertakings to accept offer from Jo Hambro, GVQ Investment Management in respect of a total of 7.7 million wireless shares . Received irrevocable undertakings to accept offer from Jo Hambro, GVQ Investment Management in respect of a total of 7.7 million wireless shares . Wireless directors, who have been so advised by Numis, consider financial terms of offer to be fair and reasonable . Wireless directors intend to recommend, agreed to do in respect of their own beneficial holdings of about 0.67 per cent .Offer values entire existing issued and to be issued share capital of Wireless at approximately £220.3 mln.  Full Article

APN News and Media divests Australian regional media division arm to News Corp
Monday, 20 Jun 2016 08:39pm EDT 

APN News & Media Ltd : APN divests its Australian regional media division, arm . Deal for $36.6 million . Entered into binding documentation to divest its Australian regional media division to News Corp Ltd .Net proceeds from the sale will predominantly be used to pay down existing APN debt.  Full Article

Fox Networks Group chief financial officer Del Mayberry to retire
Monday, 13 Jun 2016 03:31pm EDT 

Fox Networks Group : Ravi Ahuja, who currently serves as FNG executive vice president, business operations and development, has been named Mayberry's successor. .Longtime Fox Networks Group chief financial officer Del Mayberry to retire.  Full Article

News Corp's unit enters settlement agreement with Zillow
Monday, 6 Jun 2016 05:47pm EDT 

News Corp : Its unit Move Inc, National Association Of Realtors, certain related entities entered into a settlement agreement and release with Zillow Inc . Under terms of settlement agreement, Zillow will pay plaintiffs $130 million and pending litigation will be dismissed . Pursuant to agreement NAR is entitled to 10% of settlement proceeds after deduction of move's litigation-related costs and fees .Under terms of settlement agreement, Zillow will pay plaintiffs $130 million and pending litigation will be dismissed.  Full Article

News Corp broadens Google antitrust complaint - source - Reuters News
Monday, 18 Apr 2016 08:45am EDT 

News Corp:News Corp has expanded its complaint against Google to EU antitrust regulators investigating whether the Internet search engine abused its dominance, a person familiar with the matter said on Monday. - RTRS.News Corp, controlled by media mogul Rupert Murdoch and the owner of the Wall Street Journal and publisher HarperCollins, took its grievance to the European Commission two years ago.It said Google's practice of aggregating content on its home page and exploiting its dominance in online advertising undermines the business model of content providers such as News Corp."News Corp has broadened its existing complaint," the person said, declining to be named because of the sensitivity of the matter.The source said the new elements included Google's practice of copying or scraping content from other sites and also promoting its own news search results above rival sites.The move by News Corp came a month after its CEO Robert Thomson met European Competition Commissioner Margrethe Vestager to talk about Google.  Full Article

News Corp CEO to meet EU antitrust chief, Google in focus - Reuters News
Monday, 7 Mar 2016 05:30am EST 

News Corp:News Corp's chief executive will meet the EU antitrust chief this week, the company said on Monday, with the focus expected to be on the EU's investigation into whether Internet search engine Google abused its dominance - RTRS.CEO Robert Thomson will meet European Competition Commissioner Margrethe Vestager on Thursday for the third time, a News Corp spokesman said, without providing details. European Commission spokesman Ricardo Cardoso confirmed the meeting.The European Commission opened a case against Google in late 2010, but has yet to decide whether to penalise the company.News Corp, controlled by media mogul Rupert Murdoch and the owner of the Wall Street Journal and publisher HarperCollins, is one of more than a dozen companies that have urged the European Commission to act against Google.Google's practice of aggregating content on its home page and exploiting its dominance in online advertising undermines the business model of content providers such as News Corp, Thomson told the previous EU antitrust head two years ago.Google Chief Executive Sundar Pichai met Vestager last month but did not go into the substance of the EU charges laid against the company in April last year.Google has said the accusations do not have any economic, legal or factual basis.  Full Article

News Corp to settle in-store promotions litigation for $280 mln - Reuters
Monday, 29 Feb 2016 08:10pm EST 

News Corp:News Corp said on Monday that it had agreed to pay $280 million to resolve claims that it monopolized the market for in-store promotions at more than 50,000 retail stores across the United States. - RTRS.The settlement with Rupert Murdoch's company abruptly ended a trial that had begun earlier in the day, when jurors in Manhattan federal court heard opening arguments in what had been a $2 billion lawsuit.News Corp said that while it "had full confidence in our case, we believe this decision is in the best interests of our company and stockholders.".As part of the settlement with the plaintiffs, who consist of consumer packaged goods companies including Dial Corp and Kraft Heinz Co KHC.O, News Corp said it will pay $250 million to settle the case and another $30 million to resolve related claims.The plaintiffs had been seeking $674.6 million, a sum that could have been tripled to more than $2 billion under federal antitrust law.News Corp was accused of monopolizing the U.S. market for in-store promotion services, where it acts as a middleman to help companies promote goods through coupon dispensers, electronic signs, end-of-aisle displays and shopping cart ads.The plaintiffs said News Corp's News America Marketing division had dominated this market since 2004 by locking up exclusive long-term contracts with retailers, and by 2009 commanded a 90.5 percent market share.  Full Article

News Corp faces U.S. trial over monopoly of in-store ads - Reuters
Monday, 29 Feb 2016 10:41am EST 

News Corp:News Corp went to trial on Monday in a class action lawsuit that accuses the company of monopolizing the market for in-store promotions at some 52,500 retail stores across the United States - RTRS.Jury selection got underway in federal court in Manhattan in an antitrust lawsuit filed by consumer packaged goods companies including Dial Corp, Kraft Heinz Foods Co and Smithfield Foods Inc.The lawsuit claims News Corp has monopolized the U.S. market for in-store promotion services, where it acts as a middleman to help companies promote goods through coupon dispensers, electronic signs, end-of-aisle displays and shopping cart ads.The plaintiffs said News Corp, which is controlled by billionaire Rupert Murdoch, has dominated this market since 2004 by locking up exclusive long-term contracts with retailers.By 2009, the plaintiffs said News Corp controlled 90.5 percent of the market. In 2014, its sole remaining competitor, Valassis Communications Inc VCII.UL, abandoned the business, according to court papers.The plaintiffs said News Corp's anti-competitive conduct forced them to pay artificially high prices to promote such goods as Dial soap and Heinz ketchup. It's unclear from court records how much in damages News Corp could face.While the plaintiffs had until recently been seeking damages that could reach $2.5 billion if tripled by a federal judge under U.S. antitrust law, pre-trial rulings have recently limited News Corp's potential liability.  Full Article

News Corp declares semi-annual dividend
Wednesday, 10 Feb 2016 04:35pm EST 

News Corp:Declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock.Dividend is payable on April 13 to stockholders of record date as of March 9.  Full Article

News Corp CEO says drop in pound 'auspicious' for $295 million Wireless deal

LONDON The boss of Rupert Murdoch's News Corp said the timing of the U.S. group's offer for talkSPORT-owner Wireless after the post-Brexit drop in the pound was "auspicious", although the companies had been in talks for some time.