Profile: News Corp (NWS.O)
News Corporation, incorporated on December 11, 2012, is a global diversified media and information services company focused on creating and distributing content to consumers and businesses throughout the world. The Company's operations are organized into five segments: News and Information Services; Book Publishing; Digital Real Estate Services; Cable Network Programming, and Other. The Company comprises businesses across a range of media, including news and information services, book publishing, digital real estate services, cable network programming in Australia and pay-television distribution in Australia, that are distributed under brands, including The Wall Street Journal, Dow Jones, The Australian, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia, realestate.com.au, realtor.com and Foxtel, among others. The Company also owns a stake in Foxtel, a pay-television provider in Australia, which is accounted for as an equity investment. The Company operates primarily in the United States, Australia and the United Kingdom, and its content is distributed and consumed across the world. The Company delivers its content to consumers across numerous distribution platforms consisting not only of traditional print and television, but also through an array of digital platforms, including Websites, applications for mobile devices and tablets, social media and e-book devices.
News and Information Services
The Company's News and Information Services segment consists primarily of Dow Jones, News Corp Australia (which includes News Limited and its subsidiaries), News UK, the New York Post and News America Marketing. This segment also includes Unruly Holdings Limited (Unruly), a global video advertising distribution platform, and Storyful Limited (Storyful), a social media content agency that enables the Company to source real-time video content through social media platforms. The News and Information Services segment generates revenue primarily through print and digital advertising sales and through circulation and subscriptions to its print and digital products. Dow Jones is a global provider of news and business information, which distributes its content and data through a variety of media channels, including newspapers, newswires, Websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, conferences and video. Dow Jones's products, which target individual consumer and enterprise customers, include The Wall Street Journal (WSJ), Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, Dow Jones PEVC and DJX.
Dow Jones's other products include WSJ, Dow Jones Media Group, The Wall Street Journal Digital Network (WSJDN), and Knowledge and Insight. WSJ, Dow Jones's product, is available in print, online and across multiple mobile, tablet and e-book devices. WSJ covers national and international news and provides analysis, commentary and opinions on a range of topics, including business developments and trends, economics, financial markets, investing, science and technology, lifestyle, culture and sports. Print and digital products under the WSJ brand include The Wall Street Journal (including its Asia and Europe editions), WSJ.Magazine, WSJ.com, WSJ Mobile and WSJ Video. The new Dow Jones Media Group focuses on Dow Jones consumer brands outside of The Wall Street Journal franchise, including Barron's and MarketWatch, among other properties. WSJDN offers advertisers the opportunity to reach Dow Jones's audience across a number of brands, including the WSJ.com, Barrons.com and MarketWatch.com Websites.
Dow Jones Knowledge and Insight products provide data and analysis from curated sources and include Factiva, Dow Jones PEVC and DJX. Factiva is a provider of global business content, built on an archive of original publishing sources. Dow Jones PEVC products provide news and deal data on venture capital and private equity-backed private companies and their investors to help venture capital and private equity professionals, financial services professionals and other service providers identify deal and partnership opportunities, perform due diligence and examine trends in venture capital and private equity investment, fund-raising and liquidity. Products include VentureSource, LP Source, VentureWire, Private Equity Analyst, LBO Wire, Private Equity News, Daily Bankruptcy Review (DBR), DBR Small Cap and DBR High Yield. DJX consists of a bundle of underlying products, including Factiva, Dow Jones Newswires, certain PEVC products, including Venture Source and LP Source, certain Risk & Compliance products, WSJ.com and Barrons.com.
Dow Jones Risk & Compliance products provide data solutions for customers focused on anti-corruption, anti-money laundering, monitoring embargo and sanction lists and other compliance requirements. Dow Jones Newswires distributes real-time business news, information, analysis, commentary and statistical data to financial professionals and investors. News Corp Australia is a news and information provider in Australia, owning newspapers, which cover a national, regional and suburban footprint. News Corp Australia's news portfolio includes The Australian and The Weekend Australian (National), The Daily Telegraph and The Sunday Telegraph (Sydney), Herald Sun and Sunday Herald Sun (Melbourne), The Courier-Mail and The Sunday Mail (Brisbane), and The Advertiser and Sunday Mail (Adelaide). News Corp Australia's portfolio of digital properties also includes news.com.au, a general interest site in Australia that provides breaking news, finance, entertainment, lifestyle, technology and sports news. In addition, News Corp Australia owns other properties, such as taste.com.au, a food and recipe site, and kidspot.com.au, a parenting Website, as well as various other digital media assets, including a stake in the Sports Technology Group, which supplies a scheduling tool for sports and other community organizations.
News UK publishes The Sun, The Sun on Sunday, The Times and The Sunday Times, which are newspapers in the United Kingdom. News UK also distributes content through its digital platforms, including its Websites, thesun.co.uk, thetimes.co.uk and thesundaytimes.co.uk, as well as mobile and tablet applications. News UK's online and mobile offerings include the rights to show English Premier League Football, English Premiership Rugby Union, Gaelic Athletic Association games and UEFA Champions League and Europa League match clips across its digital platforms. News UK's portfolio includes The Sun; The Times, and The Sunday Times. In addition, News UK has also assembled a portfolio of complementary ancillary product offerings, including Sun Bingo and Sun Bets, an online sports betting service. NYP Holdings is the publisher of the New York Post (the Post), NYPost.com, PageSix.com, Decider.com and related smartphone and tablet applications and social media channels. News America Marketing (NAM) is the marketing partner of various brands. NAM's marketing solutions are available through multiple distribution channels, including publications, in stores and online, primarily under the SmartSource brand name and through the Checkout 51 mobile application.
The Company's Book Publishing segment consists of HarperCollins Publishers (together with its subsidiaries and affiliates, HarperCollins), which is a consumer book publisher. HarperCollins publishes and distributes consumer books globally through print, digital and audio formats. Its digital formats include e-books for devices, such as tablets and e-book readers, as well as audio downloads for smartphones and Moving Picture Experts Group Layer-3 Audio (MP3) players. As of June 30, 2016, HarperCollins owned approximately 120 branded imprints, including Avon, Harper, HarperCollins Children's Books, William Morrow, Harlequin and Christian publishers Zondervan and Thomas Nelson. HarperCollins publishes works by authors, such as Harper Lee, Mitch Albom, Veronica Roth, Rick Warren, Sarah Young and Agatha Christie and titles, such as The Hobbit, Goodnight Moon, To Kill a Mockingbird, Jesus Calling and the Divergent series. As of June 30, 2016, its print and digital global catalog included approximately 200,000 publications in different formats, in 17 languages, and it licensed rights for its authors' works to be published in over 50 languages around the world.
Digital Real Estate Services
The Company's Digital Real Estate Services segment consists primarily of its interest in REA Group Limited (REA Group), and its interest in Move, Inc. (Move). This segment also includes DIAKRIT International Limited (DIAKRIT), a digital visualization solutions company that enables homeowners to see the potential in their future living environment. REA Group advertises property and property-related services on Websites and mobile applications across Australia, Europe and Asia. REA Group's Australian operations include realestate.com.au and realcommercial.com.au, which are residential and commercial property Websites, as well as its media and property-related services businesses, serving the display media market and markets adjacent to property, respectively. The media business offers advertising opportunities on both realestate.com.au and realcommercial.com.au, as well as native advertisement placements. REA Group's international operations include property sites in Asia and Europe.
REA Group also operates a Chinese site, myfun.com, which supports REA Group's businesses in other geographical markets by showcasing residential property listings to Chinese buyers and investors, and delivers leads to agents. In Europe, REA Group operates sites in Italy (casa.it) and in Luxembourg and regions of France (atHome.lu, atHome.de, immoRegion.fr and atOffice.lu). Move is a provider of online real estate services in the United States. Move primarily operates realtor.com, a real estate information and services marketplace, under a perpetual agreement and trademark license with the National Association of Realtors (NAR). Realtor.com and its related mobile applications display multiple listing services (MLS)-listed, for-sale properties in the United States, which are primarily sourced directly from relationships with MLSs across the country. Realtor.com generates the majority of its revenues through the sale of listing advertisement products, including Connection for Co-Brokerage, Showcase Listing Enhancements and Featured Homes, which allow real estate agents, brokers and franchises to prioritize and connect with consumers on for-sale property listings within the realtor.com Website and mobile applications.
The Company's Media products include sponsorships, display advertisements, text links, directories, and Digital Advertising Package. Non-listing advertisement pricing models include cost per thousand, cost per click, cost per unique user and subscription-based sponsorships of specific content areas or targeted geographies. In addition to realtor.com, Move also offers various professional software and services products. These include the Top Producer and TigerLead productivity and lead management tools and services, which are tailored to real estate agents and sold on a subscription basis, as well as the ListHub service, which syndicates for-sale listing information from MLSs and other data sources, such as real estate brokerages, and distributes that content to an array of Websites.
Cable Network Programming
The Company's Cable Network Programming segment consists of FOX SPORTS Australia, a sports programming provider in Australia. FOX SPORTS Australia is focused on live national and international sports events and provides featured original and licensed sports content tailored to the Australian market, including live sports, such as National Rugby League, the domestic football league, international cricket, as well as the Australian Rugby Union. As of June 30, 2016, FOX SPORTS Australia offered seven high definition television channels distributed through cable, satellite and Internet Protocol (IP), and various interactive viewing applications. As of June 30, 2016, its channels consisted of FOX SPORTS 1, FOX SPORTS 2, FOX SPORTS 3, FOX SPORTS 4, FOX SPORTS 5, FOX FOOTY and FOX SPORTS NEWS that broadcasted 12,000 hours of live sports programming per year reaching FOXTEL, Telstra and Optus subscription television customers. FOX SPORTS Australia also operates foxsports.com.au, a general sports Website in Australia, and offers several interactive mobile and tablet applications that extend the reach of its content across multiple platforms. FOX SPORTS Australia is distributed through longstanding carriage agreements with pay-television providers in Australia and generates revenue primarily through affiliate fees payable under these carriage agreements, as well as advertising sales.
The Company competes with Thomson Reuters, Bloomberg L.P., LexisNexis, Penguin Random House, Simon & Schuster, Hachette Livre, domain.com.au, zillow.com, trulia.com, ESPN, beIN SPORTS, Fetch TV, Netflix and Stan.
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