Seeking Alpha
 

News Corporation (NWS)

- NASDAQ
  • Jul. 1, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: TRP +8%. XRTX +6%. ZNGA +6%. TSPT +4%. NWS +3%.
    After-hours top losers: ACHN -22%. FMS -7%. GSE -2%. THO -2%. TEO -1%.
    | 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)
    | Comment!
  • Jun. 28, 2013, 9:09 AM
    More on Hulu (DIS, NWS, CMCSA): Bidders (DTV) doing their due diligence on acquiring the company found a bit of a landmine as language in programming contracts with major networks prevents Hulu from airing new episodes for up to month. The development complicates the value of Hulu to several potential acquirers because they may have thought the required window was much shorter. (Previous: Hulu bidding heats up)
    | Comment!
  • Jun. 28, 2013, 9:01 AM
    Hulu (DIS, NWS, CMCSA) extends the deadline for the second round of bidding to acquire the company in order to give DirecTV (DTV) time to line up financing, according to The New York Post. DirecTV is expected to offer close to $1B for the streaming service in a move that may close out Yahoo and several P-E firms which are believed to have come in with low-ball offers.
    | 1 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.
    | 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.
    | Comment!
  • Jun. 24, 2013, 12:42 PM
    Magazine publishers (TWX, Hearst, Conde Nast, MDP, MSLO, NWS) saw a 23.6% gain in ad units for their iPad versions in Q1 to easily beat the flattish growth in ad pages of print editions. One clear advantage of the digital format is that ad-performance data and consumer engagement metrics can be tracked to a more refined level.
    | 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%.
    | 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)
    | Comment!
  • Jun. 19, 2013, 5:05 AM
    Shares in new News Corp. (NWS), which will hold the company's publishing assets when it splits on June 28, fell 3% to $14.55 on their trading debut in Sydney after opening at a lower-than-expected $15. The non-voting stock slumped over 8% to $14.30. Due to the split, shares in 21st Century Fox, the entertainment business that comprises the other half of News Corp and is still trading under the parent company's name for now, dropped 6.9% to $30.53.
    | 1 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.
    | 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.
    | 2 Comments
  • Jun. 14, 2013, 4:47 AM
    Intel (INTC) is reportedly encountering difficulty in signing up programming deals for its upcoming online TV service, with major media companies such as Disney (DIS), Time Warner (TWX), Viacom (VIA), News Corp (NWS) and Comcast (CMCSA) yet to sign on. Pressure from cable TV providers such as Time Warner (TWC) is one reason, as is a fear of damaging the current lucrative ecosystem that the content and service providers enjoy.
    | 24 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)
    | Comment!
  • Jun. 13, 2013, 12:02 PM
    A deal which will see DirecTV (DTV +0.1%) purchase Hulu (CMCSA, DIS, NWS) by the end of the month is imminent, sources tell PandoDaily. The acquisition would fill a large void in DirecTV's offerings which would be difficult to build from ground up and also allow it to play some defense against Hulu falling into a rival's hands.
    | 3 Comments
  • 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.
    | Comment!
Visit Seeking Alpha's
NWS vs. ETF Alternatives
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.