|Bid||19.50 x 0|
|Ask||19.92 x 0|
|Day's Range||19.62 - 19.91|
|52 Week Range||16.60 - 22.62|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Rupert Murdoch’s News Corp. fell the most in more than five years after the company said it will invest more in its Australian cable network. On an earnings call Thursday, Chief Financial Officer Susan Panuccio said there will be “some short-term reinvestment required” at the business, called Foxtel, to attract subscribers, as well as added costs associated with a new streaming service and cricket broadcast rights. News Corp. shares sank almost 11 percent to $13.63 in New York, their biggest drop since the company split from Murdoch’s 21st Century Fox Inc. in June 2013, after being down 5.9 percent this year through Thursday.
News Corp. reported adjusted quarterly profit of 8 cents per share , two cents above estimates. The Wall Street Journal publisher also saw revenue top forecasts, thanks to growth in real estate listings, book publishing, and subscription video services. Tesla TSLA – Tesla's board of directors will meet with financial advisors next week to discuss CEO Elon Musk's proposal to take the company private, according to sources.
News Corp’s stock plunged to $13.20 for its biggest intraday loss in five years. Rupert Murdoch’s media group, which owns the Wall Street Journal, revealed on Thursday that it had booked a $1.4bn loss for its fiscal year ending in June, more than double the $643 from a year earlier. The loss was mostly due to writedowns of News Corp’s investment in Australian pay TV operator Foxtel.
The consolidation of Australian television assets helped News Corp boost revenue substantially in the June quarter, but also led to a write-off that weighed on the company’s bottom line. News Corp in April completed the merger of Foxtel and Fox Sports Australia, and wound up with a controlling stake in the resulting entity, which is now one of the largest pay-TV, sports and entertainment outlets in Australia. At the company’s news and information-services business, the largest unit that houses publications such as The Wall Street Journal, Times of London and New York Post, revenue increased 1% compared with the year-earlier quarter.
News Corp topped Wall Street profit targets on Thursday, as it benefited from gains at its newly acquired TV network and recorded double-digit growth in its real-estate listings and book publishing businesses. ...
News Corp. (NWSA) delivered earnings and revenue surprises of 33.33% and 16.52%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
The New York-based company said it had a loss of 64 cents per share. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 8 cents per share. The results surpassed Wall Street ...
News Corp's quarterly revenue rose nearly 30 percent as the newspaper and book publisher benefited from growth at its newly acquired TV network business and online real-estate listings unit. News Corp, ...
said on Thursday that quarterly revenue grew nearly a third thanks to “robust performance” across its portfolio, including Australian pay-TV operator Foxtel, book publishing and its digital real estate segment.
Steadily declining print readership poses a threat to News Corporation's (NWSA) top line. However, the company's greater emphasis on real estate services is likely to offset the above-mentioned woe.
SYDNEY—The owner of Australia’s oldest newspaper, the 187-year-old Sydney Morning Herald, plans to sell itself to a television network less than a year after the country relaxed its media-ownership laws, a deal that underscores the difficulties confronting global newspaper companies in the digital era. Ltd. said Thursday it had agreed to be taken over by Nine Entertainment Co. in a cash-and-stock transaction valued at US$1.61 billion. News Corp also owns The Wall Street Journal.
Newspaper publisher Fairfax Media Ltd said on Thursday it had agreed to a A$2.16 billion ($1.6 billion) buyout from television network Nine Entertainment Co Holdings Ltd, in one of the biggest shake-ups in Australian media for decades. The deal marks the end of an era for the 177-year-old publisher of the Sydney Morning Herald and Australian Financial Review, which will give up the name of founder John Fairfax under the arrangement with the free-to-air broadcaster. It would make Nine the biggest media company in the country, ahead of News Corp's Australian arm, although some shareholders were not impressed and the company's stock fell 10 percent to an eight-week low after the announcement.
Rupert Murdoch's News Corp and Fairfax Media Ltd, Australia's two top newspaper companies, agreed to share printing presses as shrinking advertising sales prompt a once-unthinkable alliance between the arch rivals. Fairfax shares rose to a seven-year high on Wednesday as the company that once raced News Corp's delivery trucks to newsagents prepares for its rival to print its titles.
The publisher of the Sydney Morning Herald and Australian Financial Review newspapers said the move would result in the closures of its print centers in Beresfield, New South Wales, and Ormiston in Queensland state. The agreement was expected to result in an annualized benefit of about A$15 million ($11.1 million), Fairfax said in a statement. The companies publish Australia's two national papers and the major metropolitan dailies in nearly every state capital.
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...