News Corporation Statement on Agreement to Settle Delaware Litigation
NEW YORK--(BUSINESS WIRE)-- News Corporation (NWS) today issued the following statement regarding its agreement to settle the pending derivative litigation in Delaware:
We are pleased to have resolved this matter. The agreement reflects the important steps News Corporation has taken over the last year to strengthen our corporate governance and compliance structure and we have committed to building on those efforts going forward.
About News Corporation
News Corporation 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.
Nathaniel Brown, 212-852-7746
Source: News CorporationCopyright Business Wire 2013