12.89 0.00 (0.00%)
After hours: 4:12PM EDT
|Bid||12.85 x 800|
|Ask||13.19 x 40000|
|Day's Range||12.25 - 13.02|
|52 Week Range||10.65 - 16.11|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 7, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||0.20 (1.61%)|
|1y Target Est||14.04|
were rising nearly 6% Tuesday to $12.97 after the company announced that it was looking to sell its News America Marketing business as part of an effort to simplify its structure. Thomson also noted that NAM has extensive access to first-party shopper data and close relationships with companies that have placements in thousands of retail stores.
Robert Thomson became the CEO of News Corporation (NASDAQ:NWSA) in 2013. This report will, first, examine the CEO...
(Bloomberg) -- News Corp. said it is evaluating options for its News America Marketing business that could include a sale, which would leave the publisher of the Wall Street Journal and New York Post more purely focused on media while removing what’s been a troubled unit.The review of News America, which offers in-store marketing and shopper circulars, “will result in enhanced shareholder value, as we seek to streamline our company, with the aim of greater transparency and profitability,” News Corp. Chief Executive Officer Robert Thomson said in a statement. Media-focused investment bank Allen & Co. is advising on the process. Key InsightsNews America has been something of an albatross for News Corp. in recent years. The company recognized noncash impairment charges totaling $165 million related to News America in the quarter ended March 2018, and the unit was the subject of a lawsuit by consumer brands that led to a $250 million settlement in 2016.The marketing unit is also suffering from a version of the same ailment afflicting News Corp.’s print-media properties: declining circulation. Revenue at News America dropped 7% in the nine months ended March 31, with the company mainly citing lower home-delivered revenue amid a drop in volume.Market ReactionNews Corp. shares rose as much as 2.7% to $12.57 in New York trading Tuesday. The stock is up more than 10% so far this year, though down 22% in the past 12 months.Get MoreSee more details.Read the statement.(Updates with shares in Market Reaction.)To contact the reporter on this story: John J. Edwards III in Geneva at firstname.lastname@example.orgTo contact the editors responsible for this story: Nick Turner at email@example.com, Crayton HarrisonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
News Corp announced today that to optimize its portfolio and simplify the structure of the Company, it is actively evaluating strategic options for its News America Marketing business (NAM). The review of NAM, one of the most valued partners in the marketing services industry for brands, retailers and technology innovators, includes exploring a potential sale. This process is being undertaken in order to allow greater focus on News Corp’s primary pillars, including the creation and distribution of premium content and global digital real estate services.
Opcity raised tens of millions of dollars in venture capital before it was acquired by a subsidiary of News Corp. in 2018. Now it's adding more employees and opening a research hub in East Austin to improve its real estate technology platform that connects consumers to agents.
AUSTIN, Texas, June 13, 2019 /PRNewswire/ -- Realtor.com®, operated by Move, Inc., today announced plans to open a second office in Austin. Its new downtown location will serve as a product and engineering hub for its Opcity business, the real estate technology platform that improves the home buying and selling experience by quickly connecting consumers to a real estate professional who meets their specific needs. Named a Best Place to Work in 2019 by the Austin Business Journal and by both Inc. Magazine and the Austin American-Statesman in 2018, Opcity expects to move into its second location at 901 E. 6th St. – a 129,444-square-foot creative office building currently under construction, of which it will rent approximately 29,000 square feet – in the fall. It expects to house nearly 200 product, engineering, data science and analytics employees at the new site.
Give up unnecessary expenses and save more: Saving cash for a down payment takes time. Work with a local real estate agent who has the experience, negotiating chops, a large network and local knowledge to help get you through the process to close on the right home for you. Interview several real estate agents: It's wise to connect with several agents before deciding who you'll work with in your home buying journey.
Australia’s prime minister chastised a top civil servant on Tuesday over allegations that he sought to intimidate a senator for criticising the security department over police raids at the country’s two ...
News Corp NASDAQ/NGS:NWSAView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for NWSA with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding NWSA totaled $7.50 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
News Corp. (NWSA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
News Corp announced today that Mr. Ryan O’Hara will be departing as Chief Executive Officer of Move, Inc., effective June 18. Mr. O’Hara is taking on a new chief executive position in another industry. Ms. Tracey Fellows has been named Acting CEO of Move, operator of realtor.com®, while a search for a new chief executive is underway.
National median listing price sets new record at $315,000 ; 74 of nation's 100 largest metros become more affordable than last year SANTA CLARA, Calif. , June 6, 2019 /PRNewswire/ -- Nearly three-quarters ...
Australian police raided the offices of the national broadcaster on Wednesday over allegations it had published classified material, the second raid on a media outlet in two days, prompting complaints of assaults on press freedom. The Australian Federal Police said its officers carried out a search warrant at the head office of the government-funded Australian Broadcasting Corp. (ABC) in Sydney. Police raided the home of a News Corp editor a day earlier, although they said the raids were unrelated.
Police raided the offices of Australia's national broadcaster on Wednesday over allegations it had published classified material, the second raid on a media outlet in two days, prompting complaints that the "outrageous" raids hindered media freedom. The Australian Federal Police (AFP) said its officers carried out a search warrant at the head office of the government-funded Australian Broadcasting Corp. (ABC) in Sydney on Wednesday. The AFP said the ABC raid was in relation to allegations it had published classified material and followed a referral from the chief of the Australian Defence Force and a former acting defence secretary in 2017.
New York Sen. Kirsten Gillibrand called out Fox News during a town hall on Sunday night for the network’s coverage of “infanticide,” a right-wing framing of third-trimester abortions that she says is nothing more than “red herring debate.”
News Corp announced today that News Corp Chief Financial Officer Susan Panuccio will participate in the Credit Suisse 21st Annual Communications Conference on Wednesday, June 5th, 2019, to be held in New York, NY.
News Corp is marking success at publications across three continents, with record-breaking numbers in membership, subscriptions and digital audiences. In the UK, The Sun’s loyalty program for readers called “Sun Savers” has reached the milestone of one million sign ups. Sun Savers was launched in 2017 and helps build a close connection between the Sun and its print readers, using promotions, competitions and cash rewards to increase engagement.
Arlington, Va. housing market continues to surge while Manhattan has cooled off SANTA CLARA, Calif. , May 23, 2019 /PRNewswire/ -- Being named an Amazon HQ2 winner has resulted in dramatically different ...
Today we will run through one way of estimating the intrinsic value of News Corporation (NASDAQ:NWSA) by estimating...