Profile: News Corp (NWS.O)
News Corporation, incorporated on December 11, 2012, is a diversified media and information services company. The Company is focused on creating and distributing content to consumers and businesses throughout the world. The Company operates through six segments: News and Information Services; Book Publishing; Digital Real Estate Services; Cable Network Programming; Digital Education, 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, digital education 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. The Company also owns interest in Foxtel, the pay-television provider in Australia, which is accounted for as an equity investment.
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 and electronic readers. The Company operates primarily in the United States, Australia and the United Kingdom, and its content is distributed and consumed across the world.
News and Information Services
The Company's News and Information Services segment consists of Dow Jones, News Corp Australia (which includes News Limited and its subsidiaries), News UK (formerly known as News International), the New York Post and News America Marketing. This segment also includes Storyful Limited (Storyful), a social media news agency. 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 range of media channels, including newspapers, newswires, Websites, applications for mobile devices, tablets and electronic readers, newsletters, magazines, databases, conferences and video. Dow Jones's products, which target individual consumer and enterprise customers, include the Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, Dow Jones Private Markets and DJX.
News Corp Australia is a news and information provider in Australia, owning over 120 newspapers covering a national, regional and suburban footprint. News Corp Australia's news portfolio includes the Australian and the Weekend Australian, the Daily Telegraph and the Sunday Telegraph, Herald Sun and Sunday Herald Sun, the Courier Mail and the Sunday Mail, the Advertiser and Sunday Mail, among others. News Corp Australia's portfolio of digital properties also includes news.com.au, the 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 stake in FOX SPORTS Pulse (which supplies a scheduling tool for sports organizations) and Business Spectator and Eureka Report (online business and investment news and commentary services). As of June 30, 2015, News Corp Australia's other assets included interest in APN News and Media Limited, which operates a portfolio of Australian and New Zealand radio and outdoor media assets and small regional print interests, and interest in SEEKAsia Limited, which operates online employment marketplaces throughout Southeast Asia.
News UK publishes the Sun, the Sun on Sunday, the Times and the Sunday Times, which are newspapers in the United Kingdom. In addition to revenue from the sale of advertising, circulation and subscriptions to its print and digital products, News UK generates revenue by providing third-party printing services through these facilities and a contract printer. 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, English Cricket, 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, Sun Play, an online free and paid-for gaming platform, Sunmotors.co.uk and Driving.co.uk, digital classified offerings, and the Handpicked Collection, a shopping Website.
The New York Post (the Post) is a continuously published daily newspaper in the United States, with a focus on coverage of the New York metropolitan area. The Post provides a range of general interest content ranging from breaking news to business analysis, and is known in particular for its comprehensive sports coverage, famous headlines and its iconic Page Six section, an authority on celebrity news. News America Marketing (NAM) is a provider of coupon promotions, advertising programs, special offers and other direct consumer marketing solutions through a network of more than 1,900 publications, 56,000 retail stores and 300 partner sites, including SmartSource.com. NAM offers direct consumer marketing solutions for companies that include consumer packaged goods manufacturers, financial services, pharmaceutical manufacturers, quick-service and casual restaurants, retailers and other marketers in the United States and Canada. NAM's marketing solutions are available via multiple distribution channels, including publications, in stores and online, primarily under the SmartSource brand name.
The Company's Book Publishing segment consists of HarperCollins Publishers (together with its subsidiaries and affiliates, HarperCollins), a consumer book publisher with operations in around 18 countries. HarperCollins publishes and distributes consumer books globally through print, digital and audio formats. Its digital formats include electronic books, also referred to as e-books, for devices, such as tablets and electronic readers, as well as audio download for smartphones. HarperCollins owns over 120 branded imprints, including Avon, Harper, HarperCollins Children's Books, William Morrow and Christian publishers Zondervan and Thomas Nelson. HarperCollins publishes works by authors, such as Harper Lee, Mitch Albom, Veronica Roth, Rick Warren and Agatha Christie and titles, such as the Hobbit, Goodnight Moon, To Kill a Mockingbird and the Divergent series. Its print and digital global catalog includes more than 200,000 publications in different formats and in over 30 languages. HarperCollins publishes fiction and nonfiction, with a focus on general, children's and religious content.
Digital Real Estate Services
The Company's Digital Real Estate Services segment consists of its interest in REA Group Limited (REA Group) and its interest in Move, Inc. (Move). The remaining interest in Move is held by REA Group. REA Group is a multinational digital advertising business specializing in property. REA Group operates residential and commercial property Websites, realestate.com.au and realcommercial.com.au, as well as European property sites and Chinese property site myfun.com. REA Group's Australian operations include realestate.com.au and realcommercial.com.au, as well as its media and property related services business, serving the display media market and markets adjacent to property. Realestate.com.au offers a product hierarchy which enables real estate agents to upgrade listing advertisements, as well as a range of targeted products, including media display advertising products for real estate agents, commercial developers and other advertisers, such as financial institutions.
REA Group's international operations include property sites in Europe and Asia. REA Group also operates sites in Luxembourg and regions of France, including atHome.lu, atOffice.lu and immoRegion.fr. REA Group operates a Chinese site, myfun.com, which showcases Australian property listings to Chinese property seekers. As of June 30, 2015, REA Group's other assets included interest in Asia's iProperty Group Limited, which has operations primarily in Malaysia, Indonesia, Hong Kong, Thailand, Macau and Singapore. 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). Through realtor.com, consumers have access to over 3.3 million properties across the United States, including the collection of homes and properties listed with Multiple Listing Services (MLS) and displayed for sale among the competing national online portals.
Realtor.com generates 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 enhance, prioritize and connect with consumers of for-sale property listings within the realtor.com Website and mobile applications. Its media products include sponsorships, display advertisements, text links, directories, Featured Community and Featured CMATM. In addition to realtor.com, Move also offers a number of professional software and services products. These include the Top Producer and TigerLead productivity and 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 reliable 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, English Premier League, international cricket, as well as the Australian Rugby Union. FOX SPORTS Australia offers seven high definition television channels distributed via cable, satellite and Internet Protocol (IP), and several interactive viewing applications. Its channels consist of FOX SPORTS 1, FOX SPORTS 2, FOX SPORTS 3, FOX SPORTS 4, FOX SPORTS 5, FOX FOOTY and FOX SPORTS NEWS that broadcast over 10,000 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 new platforms.
The Company's Digital Education segment consists of Amplify, the brand for its digital education business. Amplify Insight provides assessment products and services to support teachers and school districts, including student assessment tools and analytic technologies, intervention programs, enterprise education information systems, and professional development and consulting services. Amplify's curriculum business is developing digital content for K-12 English Language Arts, Math and Science, including software that combines interactive, game-like experiences, media and analytics. Amplify also operates Amplify Access, a platform business that delivers a tablet-based distribution system, which includes a tablet designed for the K-12 market, instructional software and curated third-party content. The Company also markets and sells some supplemental print-based materials, as well as instructional and information technology-related services.
The Company competes with Thomson Reuters, Bloomberg L.P., LexisNexis, Amazon, Apple, Google, Barnes & Noble, Penguin Random House, Simon & Schuster, Hachette Livre, zillow.com, trulia.com, ESPN, beIN SPORTS, Pearson plc, McGraw-Hill Education, Houghton Mifflin Harcourt, Fetch TV, Netflix and Stan.
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