Edition:
United States

News Corp (NWSA.O)

NWSA.O on Nasdaq

13.42USD
26 May 2017
Change (% chg)

$0.21 (+1.59%)
Prev Close
$13.21
Open
$13.23
Day's High
$13.43
Day's Low
$13.17
Volume
1,871,521
Avg. Vol
2,035,858
52-wk High
$14.68
52-wk Low
$10.54

Latest Key Developments (Source: Significant Developments)

News Corp says Wireless Group offer becomes unconditional
Thursday, 18 Aug 2016 02:00am EDT 

News Corp (Uk & Ireland): Received valid acceptances of offer in respect of 63,279,001 wireless shares (representing approximately 92.17 per cent) .Offer has become unconditional as to acceptances.  Full Article

News Corp Q4 adjusted earnings per share $0.10
Monday, 8 Aug 2016 04:05pm EDT 

News Corp : News corporation reports fourth quarter and full year results for fiscal 2016 . Q4 revenue $2.2 billion versus i/b/e/s view $2.06 billion . Q4 earnings per share view $0.13 -- Thomson Reuters I/B/E/S . Q4 earnings per share $0.16 from continuing operations . News corp says q4 book publishing revenue $433 million versus $390 million . Q4 news and information services segment ebitda $160 million versus $169 million last year . Q4 news and information services revenue $1,417 million versus $ 1,404 million . Says declared a semi-annual cash dividend of $0.10 per share for class a common stock and class b common stock .Q4 adjusted earnings per share $0.10.  Full Article

Twenty-First Century Fox reports Q4 adj earnings per share $0.45
Wednesday, 3 Aug 2016 04:04pm EDT 

Twenty-first Century Fox Inc : Q4 earnings per share $0.30 from continuing operations . Q4 earnings per share view $0.37 -- Thomson Reuters I/B/E/S . 21St century fox reports full year income from continuing operations attributable to stockholders of $2.76 billion and total segment operating income before depreciation and amortization of $6.60 billion on total revenue of $27.33 billion . Q4 revenue $6.65 billion versus i/b/e/s view $6.68 billion . Q4 adjusted earnings per share $0.45 excluding items . Q4 cable network programming segment oibda $1,214 million versus $1,218 million last year . First century fox - $0.06 increase to annualized dividend resulting in a prospective annual dividend of $0.36 per share . First century fox inc - quarterly total segment oibda of $1.45 billion declined by $93 million from $1.54 billion reported in prior year quarter . Q4 television segment oibda $144 million versus $113 million last year . First century fox inc - incremental $3 billion buyback authorization .Q4 filmed entertainment segment oibda $164 million versus $269 million last year.  Full Article

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

More From Around the Web

Photo

Second U.S. buyout firm bids for Australia's Fairfax Media

SYDNEY Australia's oldest newspaper publisher Fairfax Media Ltd on Thursday said it has received a takeover bid worth as much as A$2.87 billion ($2.13 billion) from a second U.S. private equity firm, sending its shares sharply higher.