news corp - class a (NWSA) Key Developments
News Corp Mulls Acquisitions
Mar 3 14
News Corporation (NasdaqGS:NWSA) is seeking acquistions. Bedi Singh, Chief Financial Officer of News Corp, said, "think part of the rationale for the spinoff in terms of getting more focus on these assets was really to figure out the sort of long-term shareholder value enhancement play with this set of assets. So, I think the team is focused on increasing value per share in the long term, and I kind of like to think of it as whatever we're building is sort of built to last. So, it's going to be sustainable, it's going to be profitable, and so that requires for us to take certain steps immediately. Things like transforming the news and information services businesses, figuring out the growth prospects for engines like Foxtel. And that will require some capital, and I think having cash where we can do opportunistic acquisitions would be very helpful, where we can do internal investments, where we can -- so I think there's a lot of stuff we need to do to strengthen the business for the long term, but definitely return to shareholders, shareholder value, remains kind of the guiding principle for us."
News Corporation Presents at Morgan Stanley Technology, Media and Telecom Conference, Mar-03-2014 01:20 PM
Feb 11 14
News Corporation Presents at Morgan Stanley Technology, Media and Telecom Conference, Mar-03-2014 01:20 PM. Venue: The Palace Hotel, 2 New Montgomery Street, San Francisco, CA 94105, United States. Speakers: Bedi Ajay Singh, Chief Financial Officer.
News Corporation Reports Financial Results for the Second Quarter Ended December 31, 2013
Feb 6 14
News Corporation reported financial results for the second quarter ended December 31, 2013. The company reported fiscal 2014 second quarter total revenues of $2.24 billion, a 4% decrease as compared to the prior year second quarter revenues of $2.32 billion. The majority of the revenue decline reflects lower advertising revenues at the News and Information Services segment, foreign exchange fluctuations and the sale of the Dow Jones Local Media Group, partially offset by the inclusion of FOX SPORTS Australia, which News Corp. began consolidating following the Consolidated Media Holdings acquisition in November 2012, and strength in the Digital Real Estate Services and Book Publishing segments. The company reported second quarter Total Segment EBITDA of $327 million, a 9% increase as compared to $300 million in the prior year. This improvement was mainly due to the consolidation of FOX SPORTS Australia, stronger performances in the Digital Real Estate and Book Publishing segments, and lower costs for the claims and investigations arising out of certain conduct at The News of the World.
News Corporation Presents at Deutsche Bank 22nd Annual Media, Internet and Telecom Conference, Mar-10-2014 01:30 PM
Jan 22 14
News Corporation Presents at Deutsche Bank 22nd Annual Media, Internet and Telecom Conference, Mar-10-2014 01:30 PM. Venue: The Breakers Hotel, One South County Road, Palm Beach, Florida, United States. Speakers: Robert J. Thomson, Chief Executive Officer and Director.
News Corporation to Report Q2, 2014 Results on Feb 06, 2014
Jan 17 14
News Corporation announced that they will report Q2, 2014 results on Feb 06, 2014