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|Bid||13.40 x 800|
|Ask||14.00 x 1300|
|Day's Range||13.69 - 14.12|
|52 Week Range||7.88 - 15.70|
|Beta (5Y Monthly)||1.56|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.20 (1.45%)|
|Ex-Dividend Date||Sep 15, 2020|
|1y Target Est||N/A|
(Bloomberg) -- Google said it’s within reach of negotiating a compromise on legislation that would force it to pay for Australian news, as the U.S. giant continues a public campaign to get the proposed law watered down.The Australian government has drafted a world-first code to make Google and Facebook Inc. compensate publishers for the value their stories generate for the platforms. The law is designed to support a local media industry, including Rupert Murdoch’s News Corp., that has struggled to adapt to the digital economy.Google argues the proposed law doesn’t reflect the value that the platforms themselves provide by redirecting readers to news websites. The U.S. company, owned by Alphabet Inc., said Tuesday that discussions with Australian authorities to get certain elements of the draft code changed in its favor look set to succeed.Google isn’t asking for the code to be scrapped, “we’re asking for it to be fair,” Mel Silva, managing director for Australia and New Zealand, said in an interview. “We really do think we can get there.”Facebook ThreatThe proposed legislation has made Australia a test case as watchdogs worldwide attempt to rein in the vast advertising power of the digital giants. Google’s push for a negotiated compromise contrasts with the response from Facebook, which has threatened to block Australians from sharing any news on its sites if the law is passed, an unprecedented step.Facebook Sends World a Warning With Threat to Australian NewsSilva declined to say what actions Google might take if its campaign fails. “We’re going to continue to engage” with Australia’s antitrust watchdog “and do everything possible to make this a workable code,” she said.A representative for the Australian Competition & Consumer Commission declined to comment.ACCC Chairman Rod Sims this month flagged changes to the code in light of Google’s opposition. He said the ACCC was “engaging strongly” with Google and Facebook, and was “thinking through” the value that publishers and platforms exchange with one another. “The code will change,” Sims said. “It’s a draft.”Silva said the Australian code, in its current form, will compromise popular Google services like Search and YouTube and isn’t acceptable.Google wants the proposed law changed in three main areas: Negotiations should take into account the value both sides bring to the table; Google shouldn’t have to share any data beyond what publishers are already entitled to see; and requirements for platforms to share algorithm changes with publishers should be less onerous.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the second quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
Driven by a desire for more space, affordable homes, and a new-found freedom to work remotely, a deurbanization trend has emerged among homebuyers, according to new data released today by realtor.com®. While housing markets in both suburban and urban areas recovered rapidly post-COVID shut down, suburban markets have experienced more interest from home shoppers, stronger improvement of price growth, and quicker home sales than urban areas this summer.
Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory, according to realtor.com®'s Weekly Housing Report for the week ending Sept. 19. As a result, home prices are accelerating at double last year's pace while homes sell 12 days faster than last year, on average.
Working-class Americans in states like California are more likely to see their homes go up in flames, but choosing a safer place to live isn’t necessarily straightforward in the age of climate change.
News Corp will host a virtual Dow Jones Investor Day on September 21, 2020. For the benefit of investors globally, News Corp will host two sessions of the event. The first session will be webcast from 10:00 a.m. to 11:30 a.m. EDT (Sydney: Tuesday, September 22, from 12:00 a.m. to 1:30 a.m.), and the second from 6:00 p.m. to 7:30 p.m. EDT (Sydney: Tuesday, September 22, from 8:00 a.m. to 9:30 a.m.). At the event, News Corp Chief Executive Robert Thomson will be joined by Dow Jones Chief Executive Almar Latour and other members of the Dow Jones executive team.
The already difficult task of buying a home became even more challenging this week as home price growth hit a two-year high and natural disasters drove the number of homes for sale even lower, according to realtor.com's® Weekly Housing Report for the week ending Sept. 12. Overall, the housing market remains strong but saw a slight tempering last week as wildfires and hurricanes prevented potential sellers across the West and South from listing their homes.
News Corp announced today that it plans to shift the printing of several of its publications in New York to a different facility in the city, a move which will help cut costs and secure production of print editions of The Wall Street Journal, Barron’s and the New York Post for years to come.
News Corp announced today that Chief Executive Robert Thomson will participate in the Goldman Sachs 29th Annual Communacopia Conference on Thursday, September 17, 2020. The virtual session will begin at 2:05pm EDT.
Readers hoping to buy News Corporation (NASDAQ:NWSA) for its dividend will need to make their move shortly, as the...
|Upgrade||Citigroup: Neutral to Buy||7/26/2017|
|Downgrade||Bank of America: Neutral to Underperform||10/27/2016|
|Maintains||Jefferies: to Buy||11/6/2014|
|Upgrade||Shaw Stockbroking: Hold to Buy||11/12/2012|
Sector(s): Communication Services
Full Time Employees: 23,500
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, and MarketWatch through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts. It also owns and operates daily, Sunday, weekly, and bi-weekly newspapers comprising The Australian, The Weekend Australian, The Daily Telegraph, The Sunday Telegraph, Herald Sun, Sunday Herald Sun, The Courier Mail, The Sunday Mail, The Advertiser, Sunday Mail, The Sun, The Sun on Sunday, The Times, The Sunday Times, and New York Post, as well as digital mastheads and other websites. In addition, the company publishes general fiction, nonfiction, children's, and religious books; provides video sports, entertainment, and news services to pay-TV subscribers and other commercial licensees primarily through cable, satellite, and Internet distribution; and broadcasts rights to live sporting events. Further, it offers property and property-related services on its Websites and mobile applications; online real estate services; and professional software and service products, which comprise Top Producer and ListHub. News Corporation is headquartered in New York, New York.