Seeking Alpha

News Corporation (NWSA)

  • 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
  • May 24, 2013, 6:25 PM
    News Corp. (NWS, NWSA) expects to write down the value of its soon-to-be-independent publishing business by $1.2B-$1.4B this quarter, according to an SEC filing. The media company says "certain of its goodwill and intangible assets were potentially impaired” at the publishing business, which includes newspapers such as the NY Post and WSJ.
    | May 24, 2013, 6:25 PM | 1 Comment
  • May 24, 2013, 3:12 PM
    Yahoo (YHOO +1.7%) throws its name into the Hulu hat to join a number of P-E firms as well as DirecTV and Time Warner Cable in the hunt. Owners Disney (DIS +0.1%), Comcast (CMCSA +0.2%), and News Corp (NWS, NWSA) will weigh the best offer, but will also want to position themselves on the content side to be protected. (Previous on Hulu-mania)
    | May 24, 2013, 3:12 PM | 16 Comments
  • May 24, 2013, 8:58 AM
    News Corp. (NWS, NWSA) says its board of directors formally approved the split of the company into two entities to be called 21st Century Fox and the new News Corporation. After the separation, the new News Corp. will be have an authorization to buy back $500M in stock in its back pocket. A rights agreement was also adopted to protect shareholder interests. NWS +0.6% premarket. (PR)
    | May 24, 2013, 8:58 AM | Comment!
  • May 22, 2013, 11:07 AM
    AIG remains at the top Goldman's list of hedge fund hotels (the 50 stocks appearing most frequently among hedge fund top 10 holdings). Google (GOOG) retains its #2 position. Apple (APPL) - in the top spot for 3 years until February - remains at #3. Goldman notes the basket has outperformed the S&P a bit this year and the top 20 has done better by more than 1000 basis points. We smell an ETF offering. The rest of the top 20: C, GM, PCLN, VMED, NWSA, MSFT, HTZ, JPM, APC, PFE, QCOM, CHTR, HES, CBS, EBAY, DAL, EQIX.
    | May 22, 2013, 11:07 AM | 4 Comments
  • May 21, 2013, 12:31 PM
    News Corp (NWS, NWSA) continues to be one of the most popular consumer service stock picks of hedge funds, according to Insider Monkey. The inside take is that despite a decent YTD 26% runup in share price, valuation is still reasonable with a pending split of the company looking promising. The latest hedgie to take a bite is Lone Pine Capital with an increased in its position to 22M shares. (13F)
    | May 21, 2013, 12:31 PM | Comment!
  • May 17, 2013, 4:11 PM
    DirecTV (DTV) has joined the ranks of companies weighing a bid for Hulu (DIS, NWS, CMCSA), with an eye towards expanding its arsenal of TV Everywhere content, the WSJ reports. The scoop shortly follows a report Time Warner Cable and other MSOs are talking about a possible bid.
    | May 17, 2013, 4:11 PM | Comment!
NWSA 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.