Seeking Alpha

News Corporation (NWSA)

  • Jul. 3, 2013, 11:59 AM
    "Onerous demands" from Hulu owners News Corp. (NWSA -1.3%) and Disney (DIS +0.5%) could sabotage a potential sale of the online video service, according to industry watchers. Of the potential Hulu bidders, DirecTV (DTV +1.2%) might be in the best position due to its longstanding content agreements with the media companies.
    | Jul. 3, 2013, 11:59 AM | Comment!
  • Jul. 1, 2013, 12:45 PM
    Midday top 10 gainers: ONXX +51%. SPEX +24%. ACUR +19%. LVB +15%. DM +15%. ARIA +14%. HNR +13%. AXU +13%. TRT +11%. ATAI +11%.
    Midday top 10 Losers: NWSA -54%. INSM -15%. DSS -15%. IDCC -14%. TXMD -12%. HDY -13%. NTS -11%. PME -10%. ALVR -9%. COV -8%.
    | Jul. 1, 2013, 12:45 PM | 2 Comments
  • Jul. 1, 2013, 8:31 AM
    The split of News Corp. will test the theory that the sum of the parts is greater than the whole now that the companies will tend to themselves. The early buzz: 21st Century Fox (FOXA) is on the radar of media analysts with both Lazard Capital and Deutsche Bank initiating the company with a Buy rating. The general take from the Street is the growth potential and outlook for margins for the entertainment company look more appealing than those tied with the new News Corp. (NWSA), although the $2.6B in cash the publishing company will carry around keeps acquisitions and buybacks a viable option.
    | Jul. 1, 2013, 8:31 AM | Comment!
  • Jun. 28, 2013, 6:49 PM
    News Corp. (NWS, NWSA) has finished spinning off 21st Century Fox (studios, TV channels, pay-TV ops) from its publishing assets. On Monday, Fox will begin trading on the Nasdaq under the symbols FOX and FOXA, and the new News Corp. (i.e. the publishing business) will trade under the company's existing symbols. Shares are being distributed on a basis of one share of the new News Corp. for every four shares of Fox. (PRs: I, II)
    | Jun. 28, 2013, 6:49 PM | Comment!
  • Jun. 28, 2013, 7:13 AM
    News Corp. (NWS) officially splits its publishing business and entertainment business today with the new News Corp. (NWSA) and 21st Century Fox (FOXA) making their trading debuts. What to watch: Though shrinking newspaper sales are a concern for the new New Corp., the company is expected to start pursuing acquisitions using its $2.6B in cash. 21st Century Fox won't be saddled with the sluggish newspaper operations anymore, but valuation could quickly be a concern if shares fly.
    | Jun. 28, 2013, 7:13 AM | Comment!
  • Jun. 27, 2013, 8:10 AM
    A judge in Delaware approves a $139M settlement between News Corp. (NWS, NWSA) and shareholders over the purchase of an entertainment company run by Rupert Murdoch's daughter and damage emanating from the phone hacking scandal in England.
    | Jun. 27, 2013, 8:10 AM | Comment!
  • Jun. 20, 2013, 5:32 PM
    News Corp. (NWSA) will replace Apollo Group (APOL) in the S&P 500. APOL is replacing Forest Oil (FST)in the S&P MidCap 400, and FST will replace Enzo Biochem (ENZ) in the S&P SmallCap 600 after the close of trading on Friday, June 28.
    | Jun. 20, 2013, 5:32 PM | Comment!
  • Jun. 19, 2013, 2:03 PM
    Analysts weren't surprised by the when-issued trading in Australia of the new companies emerging from the split of News Corp. (NWS, NWSA). In their debut in Sydney, 21st Century Fox (Fox movie, pay TV and free TV busines, Sky Deutschland, Sky Italia, part of BskyB ) rose over 5% while the new News Corp. (Wall Street Journal, The Sun, Barron's, Australian media assets) dropped 3%.
    | Jun. 19, 2013, 2:03 PM | Comment!
  • Jun. 19, 2013, 11:27 AM
    BTIG downgrades News Corp. (NWS, NWSA) to Neutral from Buy after doing a fresh sum-of-the-parts analysis on the company. The math on the new News Corp. suggests a when-issued trading price of around $15 per share ($3.72 per current NWS/NWSA share) which could drift to $20 if the newspaper business performs better than expected. (full research report)
    | Jun. 19, 2013, 11:27 AM | Comment!
  • Jun. 14, 2013, 1:26 PM
    Stanley Druckenmiller took out a new 2.3M share position in News Corp. (NWS, NWSA) during Q1, according to SEC filings. The investor is far from the first billionaire to have loaded up on the media giant in front of its planned spinoff.
    | Jun. 14, 2013, 1:26 PM | Comment!
  • Jun. 14, 2013, 8:17 AM
    News Corp. (NWS, NWSA) trades 1.1% lower premarket after announcing longtime CFO David DeVoe will retire. It's a busy time for Rupert Murdoch these days, not only is his business splitting into two, he's also reported to be splitting up his marriage. Unlike the predicament Steve Wynn found himself in with shares of Wynn Resorts and a divorce situation, Wendi Murdoch doesn't have a sizable stake in the media company.
    | Jun. 14, 2013, 8:17 AM | 2 Comments
  • Jun. 13, 2013, 4:17 PM
    News Corp. (NWS, NWSA) CFO David DeVoe will retire at the end of FY13 (ends this month), and is being replaced by deputy CFO John Nallen. DeVoe, 65, has been News Corp.'s CFO since 1990. He'll remain on the media giant's board, and serve as a "senior advisor." Nallen will oversee Fox's finance functions after News Corp.'s breakup. (PR)
    | Jun. 13, 2013, 4:17 PM | Comment!
  • Jun. 13, 2013, 5:57 AM
    Fox's ad commitments for the upcoming season starting in September have reportedly fallen about 10% on year to $1.75B even though rates have risen 5-7%. The reason for the drop in commitments at the News Corp (NWS) unit is a 21% decline in ratings in the season that's just ended. The amount Fox attracted is far less than the $2.7B that CBS achieved.
    | Jun. 13, 2013, 5:57 AM | Comment!
  • Jun. 11, 2013, 11:31 AM
    Shareholders at News Corp (NWS, NWSA) officially approve the planned split of the company into separate businesses at its annual meeting. Voting details aren't in, but Rupert Murdoch says the measure was approved by an "overwhelming majority" of proxy voters. With the Murdoch family controlling close to 40% of the votes, tallying up the results was only a formality.
    | Jun. 11, 2013, 11:31 AM | Comment!
  • Jun. 6, 2013, 11:13 AM
    AT&T (T) has reportedly joined the ranks of companies weighing bids for Hulu (DIS, CMCSA, NWS): sources tell Kara Swisher Ma Bell is in talks with a company run by former News Corp. COO Peter Chermin to make a joint offer for the online video site. But before investors start mulling the potential U-verse and mobile implications, it should be noted Yahoo, DirecTV, Time Warner Cable, and Guggenheim Partners have also been named as interested parties in recent weeks. (previous)
    | Jun. 6, 2013, 11:13 AM | 1 Comment
  • Jun. 4, 2013, 6:38 AM
    Fox Broadcasting (NWS, NWSA) seeks to stop Dish Network's (DISH) AutoHop ad-skipping service by asking a federal judge to overturn a ruling from a district judge on the issue. In its filing, Fox contends that AutoHop is an "unprecedented threat" to the ad-supported TV model.
    | Jun. 4, 2013, 6:38 AM | 1 Comment
Company Description
News Corp is a diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers and businesses.