|Bid||13.67 x 70000|
|Ask||13.73 x 70000|
|Day's range||13.39 - 13.39|
|52-week range||10.96 - 14.50|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.16 (1.21%)|
|1y target est||N/A|
News Corp has struck a deal to combine its Fox Sports broadcasting operation in Australia with the Foxtel cable platform that it owns jointly with telecommunications operator Telstra Corp.
Fox Sports is owned by News Corp, which also owns Foxtel jointly with Australia's Telstra. Telstra expects to record a one-off accounting gain, estimated at A$263 million (147.44 million pounds), as a result of the deal, it said in a separate statement.
Fox Sports is owned by News Corp, which also owns Foxtel jointly with Australia's Telstra. Telstra expects to record a one-off accounting gain, estimated at A$263 million ($204 million), as a result of the deal, it said in a separate statement.
U.S. cable giant Comcast (CMCSA.O) has offered to buy Sky (SKYB.L) for $31 billion in a surprise move, posing another hurdle to tycoon Rupert Murdoch's attempts to buy the broadcaster. Murdoch's Fox (FOXA.O) has agreed to buy the 61 percent of Sky it does not already own, but the deal has become bogged down in regulatory investigations. In the meantime, Fox has agreed to sell assets to Disney in a follow-on deal, including Sky.
U.S. cable giant Comcast (CMCSA.O) has offered to buy Sky (SKYB.L) for $31 billion (22.30 billion pounds) in a surprise move, posing another hurdle to tycoon Rupert Murdoch's attempts to buy the broadcaster. Murdoch's Fox (FOXA.O) has agreed to buy the 61 percent of Sky it does not already own, but the deal has become bogged down in regulatory investigations. In the meantime, Fox has agreed to sell assets to Disney in a follow-on deal, including Sky.
U.S. cable giant Comcast (Swiss: CMCSA.SW - news) has offered to buy Sky (Frankfurt: 893517 - news) for $31 billion in a surprise move, posing another hurdle to tycoon Rupert Murdoch's attempts to buy the broadcaster. Murdoch's Fox has agreed to buy the 61 percent of Sky it does not already own, but the deal has become bogged down in regulatory investigations. In the meantime, Fox has agreed to sell assets to Disney in a follow-on deal, including Sky.
If scriptwriters at Universal Studios, Disney or Twentieth Century Fox were to come up with a storyline of the kind engulfing each of their parent companies just now, it would be dismissed as too far-fetched. The parents of the trio - Comcast (Swiss: CMCSA.SW - news) , Walt Disney Co and 21st Century Fox - find themselves embroiled in a multi-billion dollar tangle at the centre of which sits Sky plc (Frankfurt: 893517 - news) , the owner of Sky News. In December 2016, Fox said it wanted to buy the remaining 61% of Sky that it does not already own.
Media giant 21st Century Fox has strengthened its commitment to protect the independence of Sky News as it seeks to buy the channel's owner, Sky plc (Frankfurt: 893517 - news) . Fox, the world's fourth-biggest media company, promised that, if allowed to buy Sky, it will maintain a Sky-branded news service for 10 years. The company also guaranteed funding for Sky News for five years at a level "not materially different" from its current funding, with a further five years of investment to be determined in future.
21st Century Fox offered to bolster the editorial independence of Sky PLC’s news operations to meet concerns of British regulators and ease approval of its $16 billion bid for the portion of the pay TV ...
21st Century Fox (21CF) has offered to strengthen guarantees of Sky News' independence in an attempt to win regulators' backing for its takeover of Sky plc (Frankfurt: 893517 - news) , the UK's biggest pay-television broadcaster. The US-based media group has tabled a package of what it described as "firewall remedies" to the Competition and Markets Authority (CMA), including a pledge to establish an independent Sky News editorial board that would remain free of any influence by 21CF employees. 21CF would also guarantee the continued funding of Sky-branded news services for at least five years, and would have to disclose any effort to interfere with Sky News' editorial agenda by 21CF to the Secretary of State for Digital, Culture, Media and Sport.
News Corp (NWSA) reported solid second-quarter fiscal 2018 results, backed by robust growth across the company's Digital Real Estate Services and Cable Network Programming segments.
News Corp reported a 3% rise in revenue for the December quarter, led by continued growth in its digital real estate unit, while weakness in the advertising business weighed on the news and information ...
Sales in its news and information services business, which accounts for about two-thirds of total revenue, fell marginally to $1.30 billion in the second quarter. Advertising revenue fell 6 percent, but those declines were made up by a similar increase in circulation and subscription revenue. The company's Dow Jones unit helped drive most of those gains on the back of continued digital subscriber growth at the Wall Street Journal.
On a per-share basis, the New York-based company said it had a loss of 14 cents. Earnings, adjusted for pretax expenses and non-recurring costs, were 24 cents per share. The results surpassed Wall Street ...
News Corporation (NWSA) is diversifying its revenue streams through strategic buyouts and operational enhancement. However, advertising continues to be highly vulnerable to the economic conditions.
The news that July day in 2005 sent shockwaves through corridors of power around the world: the crown prince of the Murdoch empire was out.
The biggest takeover in the UK media industry was called into question today when the Competition and Markets Authority said 21st Century Fox's £18.5bn takeover of Sky plc (Frankfurt: 893517 - news) , the owner of Sky News, "may be expected" to act against the public interest. The competition regulator said, in its provisional findings, that the deal would not operate against the public interest in terms of either Fox or Sky having a genuine commitment to UK broadcasting standards. It said this is because the Murdoch Family Trust (MFT) - the vehicle through which Rupert Murdoch, the executive chairman of 21st Century Fox, owns shares in that business - is also a major shareholder in News Corporation (Frankfurt: A1W048 - news) , owner of The Sun, the UK's top-selling national newspaper, as well as The Times and The Sunday Times.
News Corp Executive Chairman Rupert Murdoch said if Facebook is serious about promoting “trusted content” and filtering fake news out of its news feed, it should pay publishers fees similar to those cable ...
"Facebook and Google have popularized scurrilous news sources through algorithms that are profitable for these platforms but inherently unreliable," Murdoch, who controls the Wall Street Journal as executive chairman of News Corp (NWSA.O), said in a statement. Facebook Inc (FB.O) Chief Executive Mark Zuckerberg said on Friday his company would fight misinformation and sensationalism on its platform by using member surveys to identify "trustworthy" outlets.
NEW YORK, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Last night, George Stamas, Partner at Kirkland & Ellis and Youth INC National Advisory Board member, welcomed over 150 guests to K&E for Youth INC’s Annual Town Hall for youth-championing organizations in New York City, featuring keynote speaker Noel Anderson, Clinical Professor & Director of Educational Leadership and Policy Studies Program at NYU’s Steinhardt School. Dr. ...
Rupert Murdoch’s News Corp. agreed to a last-minute settlement before the start of another phone-hacking trial in London that would have raked up incidents from more than a decade ago.
NEW YORK (AP) — Media mogul Rupert Murdoch hurt his back in a recent sailing accident, according to a note provided to The Associated Press.
Rupert Murdoch’s News Corp., publisher of the Wall Street Journal and New York Post, will keep an eye on Facebook Inc.’s news-feed changes “for any signs that the weighting of news sites is politically ...