|Bid||13.18 x 70000|
|Ask||13.24 x 70000|
|Day's range||13.12 - 13.12|
|52-week range||10.96 - 14.50|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.16 (1.26%)|
|1y target est||N/A|
Cricket Australia has signed a new six-year broadcast agreement worth A$1.2 billion ($935 million), the board said on Friday, allaying fears of a financial blow in the wake of last month's ball-tampering scandal in South Africa. Broadcaster Seven West Media and pay television company Foxtel, which is jointly owned by News Corp and Telstra Corp, secured the media rights, taking over from long-term cricket broadcaster Nine Entertainment . The deal was negotiated amid the fallout from the test match in South Africa during which Australia's players hatched a plan to tamper with the ball, only to be caught by cameras.
Britain's Takeover Panel has ruled that Disney must offer to buy all of Sky (Frankfurt: 893517 - news) if it succeeds in its planned purchase of the majority of 21st Century Fox. It means that even if Fox's plans to take over Sky are blocked as a result of an investigation by competition regulators, Disney would still have to offer Sky's shareholders a deal at the same price of 1075p per share. The decision from the Takeover Panel, which applies City rules on takeovers and mergers under a code designed to ensure shareholders are treated fairly, disagreed with Disney's argument that it should not have to do so.
21st Century Fox has offered to sell Sky News to Disney as it seeks to obtain regulatory clearance for its proposed takeover of the news channel's parent company Sky plc (Frankfurt: 893517 - news) . The proposal is one of two possible remedies offered by the US media giant to overcome objections to the takeover by the Competition and Markets Authority. The regulator said at the end of January that it was minded to block the proposed £17.5bn takeover on the grounds that it would give the Murdoch Family Trust - a major shareholder in both Fox and News Corporation (Frankfurt: A1W048 - news) , owner of The Sun, The Times and The Sunday Times - too much influence over the UK media.
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.
"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.