|Bid||13.48 x 70000|
|Ask||13.54 x 70000|
|Day's range||13.27 - 13.59|
|52-week range||10.96 - 14.50|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.16 (1.23%)|
|1y target est||N/A|
The government has given the green light to a takeover of Sky plc (Frankfurt: 893517 - news) , owner of Sky News, by US entertainment giant 21st Century Fox following 19 months of regulatory enquiries. The decision comes as the bidding war for Sky between Fox and the US cable giant Comcast (Swiss: CMCSA.SW - news) intensifies. The new culture secretary, Jeremy Wright, confirmed the decision of his predecessor, Matt Hancock, to allow the takeover to proceed on the basis that Sky News is sold to Disney - which is trying to buy Fox's entertainment assets, including Sky (Amsterdam: BK8.AS - news) - or an "alternative suitable buyer" following a 15-day public consultation.
US media giant Comcast (Swiss: CMCSA.SW - news) has raised its offer to buy Sky (Frankfurt: 893517 - news) to £14.75 per share - just hours after 21st Century Fox increased its own offer to £14. Comcast said its latest offer - up from the £12.50 per share it offered in April - had been recommended by Sky's independent committee of directors. Brian Roberts, chief executive of Comcast, said: "We have long admired Sky, which we believe is an outstanding company and a great fit with Comcast.
Sky plc (Frankfurt: 893517 - news) , the owner of Sky News, today agreed to a takeover by 21st Century Fox, the US entertainment giant, valuing it at £24.5bn. Fox, which is already Sky's biggest shareholder with a 39.1% stake, agreed to buy out other shareholders at a price of £14 a share. The latest offer is also a substantial improvement on the £10.75 Fox offered when it first sought to buy out Sky's other shareholders in December 2016.
Sam Chisholm, former chief executive of BSkyB - now Sky (Amsterdam: BK8.AS - news) - and the man who led the company's stock market flotation, has died at the age of 78. Mr Chisholm, a New Zealander, was one of the key figures responsible for building Sky (Frankfurt: 893517 - news) into Britain's most profitable broadcasting company. Mr Chisholm, who arrived with a pugnacious reputation, was appointed chief executive of the then Sky Television by its founder, Rupert Murdoch, in August 1990.
How far off is News Corporation (NASDAQ:NWSA) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock is fairlyRead More...
The UK government cleared Twenty-First Century Fox (FOX)(FOXA) to proceed with its bid to take over the country’s satellite broadcast group Sky. The regulatory clearance sets the stage for a duel between Fox and Walt Disney (DIS) on one hand and Comcast (CMCSA) on the other.
News Corp (NWSA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Wall Street Journal named newsroom veteran Matt Murray as its new editor in chief, succeeding Gerard Baker, who oversaw broad changes to the news organization in his 5½-year tenure as it dealt with a fading print-advertising business and the rise of digital journalism. Mr. Baker, 56 years old, will take on the position of editor at large, which will involve hosting conferences and events, writing and television presenting. Mr. Murray, currently the Journal’s executive editor, will assume his new role on June 11.
NEW YORK (AP) — News Corp. says it has named Matt Murray as editor-in-chief of its flagship newspaper, The Wall Street Journal, and the Dow Jones Newswires. He succeeds Gerard Baker, who is staying on as the Journal's editor-at-large, a new position.
The government has said 21st Century Fox would be allowed to buy Sky plc (Frankfurt: 893517 - news) , the owner of Sky News, but only if it agreed in advance to sell the news provider. Matt Hancock, the Secretary of State for Digital, Culture, Media & Sport, said any buyer would have to guarantee that Sky News remained financially viable, continued to operate as a major UK-based news provider and was able to make editorial decisions independently and free from any potential outside influence. Mr Hancock, who was acting on the advice of the Competition & Markets Authority (CMA), also said he would raise no objection to a rival £22.1bn takeover bid for Sky from Comcast (Swiss: CMCSA.SW - news) , the US cable giant.
Matt Murray was named editor-in-chief of the Wall Street Journal and Dow Jones Newswires, succeeding Gerard Baker, who is moving to a new position after 5 1/2 years atop the widely read business newspaper. Baker will become editor at large and host a television program on Fox Business Network, Journal owner News Corp. said Tuesday in a statement. Murray, an executive editor at the Journal, takes over a newspaper that remains required reading for investors and business people.
The culture secretary is to make a statement to MPs (BSE: MPSLTD.BO - news) today on the proposed takeover of Sky (Frankfurt: 893517 - news) by 21st Century Fox, according to Sky News sources. It is understood Matt Hancock will rule on the status of the Fox bid for Sky, the owner of Sky News, which has been delayed by a regulatory process to determine if a deal would give the US company too much influence over UK media. Fox has since offered a series of remedies to address the watchdog's concerns - including the immediate sale of Sky News to Disney on completion of a takeover of Sky.
US cable giant Comcast (Swiss: CMCSA.SW - news) is unlikely to face a regulatory review of its £22bn takeover bid for Sky (Frankfurt: 893517 - news) , the owner of Sky News. Culture Secretary Matt Hancock said he was "not minded" to refer the bid to the Competition and Markets Authority (CMA) for deeper scrutiny on public interest grounds. The news will come as a disappointment to 21st Century Fox, Sky's biggest single shareholder, which is also trying to buy the company.
News Corp posted a 6% gain in revenue for the March quarter, driven by strong results at its digital-real-estate and book-publishing units and the positive impact of foreign-currency fluctuations. At the company’s news and information-services business, which accounts for just under two-thirds of its top line, revenue rose 2% compared with the year-earlier quarter. Total revenue in the latest period was $2.1 billion.
News Corporation (NWSA) delivered sixth straight quarter of positive earnings surprise. However, sluggish print advertising demand still remains a concern.
News Corp and Telstra in March agreed to combine Foxtel and FOX SPORTS Australia, with the U.S. company holding a 65 percent stake in the combined entity. "The Foxtel-Fox Sports Australia consolidation is also expected to make circulation and subscription revenues the biggest revenue stream for News Corp for the first time," Chief Executive Officer Robert Thomson said on the call.
On a per-share basis, the New York-based company said it had a loss of $1.94. Earnings, adjusted for one-time gains and costs, were 6 cents per share. The publishing company whose flagship is The Wall ...
Although various micro and macro issues have overshadowed the current reporting cycle to an extent, it is on track to record one of the best quarterly performance.
News Corp (NWSA) diversifies revenue streams through strategic buyouts and operational enhancement. Soft print advertising remains a deterrent.
US cable operator Comcast (Swiss: CMCSA.SW - news) has made a formal £22bn bid for Sky (Frankfurt: 893517 - news) , the owner of Sky News, in a move likely to stoke a bidding war for the UK company. Comcast, whose interests include the NBC TV network and the Universal Pictures movie studio, followed through on interest it registered back in February with an offer of £12.50 per share on Wednesday morning. The value of its bid put it ahead of the proposed deal Sky had with 21st Century Fox, which wants to clinch the 61% of Sky that it does not already own but is being held up by regulatory clearances.
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.