Tue, May 5, 5:54 PM
- News Corp. (NASDAQ:NWSA) is up 1.1% after a fiscal Q3 earnings miss that showed declining revenues driven by dropping ad sales as well as currency-based challenges.
- Revenue by segment: News and Information Services, $1.353B (down 9%); Book Publishing, $402M (up 14%); Cable Network Programming, $116M (up 3%); Digital Real Estate Services, $170M (up 67%); Digital Education, $21M (flat).
- "News Corp is now a global leader in digital real estate, which we believe will underpin long-term expansion," said CEO Robert Thomson.
- Segment EBITDA dropped $23% in News and Information Services (to $113M) and dropped 21% in Digital Real Estate Services (to $42M), but gained 6% in Book Publishing (to $56M).
- In News and Information Services, ad revenues dropped 12% and circulation and subscription sales fell 6%.
- Press Release
Tue, May 5, 5:16 PM
Fri, Feb. 20, 9:37 PM
- Graham Holdings (NYSE:GHC) -- the former Washington Post Company -- was up 3.7% at the open and easily crested the $1,000/share mark again, following its Q4 earnings, before giving back all of the day's gains by midday.
- Education revenues from Kaplan operations ($551.4M, nearly flat) still made up the bulk of its $925.3M in revenues, but particularly strong were revenues in TV broadcasting, up 20% to $102.4M (aided by political ads in a midterm election year). Operating income in broadcast was up 24% to $54.4M.
- Revenue from "other businesses" (which includes digital-heavy publishing operations like Slate, Foreign Policy, The Root) more than doubled to $73.8M, from $30.7M.
- Seems like unloading The Washington Post to Jeff Bezos made the rest of the business great, Benjamin Freed says. He notes that now-GHC shares opened at $560.14 that summer 2013 day, headed to $584.97 that week and it's been a "robust trajectory" ever since. From the time of the sale, shares are up 83% vs. the S&P's +22%.
- Other companies are doing the same, he notes: See News Corp. (NASDAQ:NWSA) splitting off Twenty-First Century Fox (FOX, FOXA); Tribune Media (NYSE:TRCO) dropping publications into Tribune Publishing and thriving as a broadcast/real estate company; and Gannett (NYSE:GCI), which plans to spin off USA Today and its dailies.
- Q4 earnings; press release
Thu, Feb. 5, 5:07 PM
Nov. 5, 2014, 6:43 PM
Aug. 7, 2014, 4:58 PM
May 8, 2014, 4:36 PM
Sep. 23, 2013, 6:43 AM
Aug. 7, 2013, 2:05 AM
- Twenty-First Century Fox (FOX): FQ4 adjusted EPS of $0.31 misses by $0.03. Revenue of $7.21B (+16% Y/Y) beats by $70M.
- Losses narrow to $371M from $1.55B a year ago.
- Income from continuing operations +64% to $977M.
- Fox's pay TV channel revenues +16% to $2.95B, boosted by fee increases and a 10% rise in ad revenues.
- Revenue from local Fox broadcast TV stations flat at $1.1B.
- Movie studio revenue +3% to $2.04B
- Revenue from European satellite TV ops +45% to $1.38B
- Fox to spend $200M launching new TV channels, including a new national sports network next week, and $150M on Fox broadcast network.
- Operating loss from discontinued operations - ie News Corp. (NWS) - $1.35B vs $2.15B a year ago.
- Fox expects adjusted operating income to increase by a "high single- to low double-digit" percentage in FY 2014 from $6.26B in the year just completed. (PR)
May 8, 2013, 4:17 PM
May 8, 2013, 12:10 AMNotable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX | Comment!
May 7, 2013, 5:35 PMNotable earnings after Wednesday’s close: AHT, ALJ, ATLS, ATVI, AVNR, CF, CLNE, CLR, CTL, CTRP, CUZ, CXW, DEPO, DK, ERII, ETE, ETP, GMCR, GRPN, GSS, HALO, HEK, HNSN, JOE, LPSN, MBLX, MDR, MED, MIDD, MM, MNST, MNTX, MWE, NWSA, OSUR, PPO, PVA, QTM, RAX, RGP, RIG, RST, SGMO, SPRD, SSRI, STEC, SXL, SZYM, TCAP, TSLA, WR, XTEX | Comment!
Feb. 6, 2013, 5:40 PMMore on News Corp (NWSA): Q4 beats across the board as net earnings more-than doubled on one-time gains related to acquisitions and strength in its cable networks division. Net profit totaled $2.4B, compared with $1.1B a year earlier. Much of the increase was related to the acquisition of the 50% stakes in Fox Sports Australia and Fox Star Sports Asia that the company didn't already own. Publishing revenue was relatively flat. Shares -3% AH. | Comment!
Feb. 6, 2013, 4:06 PM
Feb. 6, 2013, 12:10 AM
Feb. 5, 2013, 5:35 PM
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