news corp-cl a (NWSA) Details
News Corporation operates as a diversified media company worldwide. Its Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, and movie programming for distribution through cable television systems and direct broadcast satellite operators primarily in the United States, Latin America, Europe, and Asia. The company’s Filmed Entertainment segment produces and acquires live-action and animated motion pictures for distribution and licensing in entertainment media, as well as produces and licenses television programming worldwide. Its Television segment operates 27 broadcast television stations in the United States. The company’s Direct Broadcast Satellite Television segment distributes basic and premium programming services via satellite and broadband directly to subscribers in Italy. Its Publishing segment provides newspapers and information services, such as publishing national newspapers in the United Kingdom, approximately 146 newspapers in Australia, and a metropolitan and a national newspaper in the United States; book publishing services, including the publishing of English language books worldwide; and integrated marketing services comprising the publishing of free-standing inserts, which are marketing booklets containing coupons, rebates, and other consumer offers, as well as provides in-store marketing products and services, primarily to consumer packaged goods manufacturers in the United States and Canada. The company also provides data systems and professional services that enable teachers to use data to assess student progress and deliver individualized instructions. News Corporation was founded in 1922 and is headquartered in New York, New York.
Last Reported Date: 08/14/12
Founded in 1922
news corp-cl a (NWSA) Top Compensated Officers
President, Chief Operating Officer, Director,...
Total Annual Compensation: $12.4M
Co-Founder, Executive Chairman, Chairman of t...
Total Annual Compensation: $18.5M
Deputy Chief Operating Officer, Director, Cha...
Total Annual Compensation: $8.0M
Total Annual Compensation: $7.0M
Chief Compliance Officer, Senior Executive Vi...
Total Annual Compensation: $2.8M
Compensation as of Fiscal Year 2012.
News Corp. Appoints Antoinette Cook Bush as Executive Vice President and Global Head of Government Affairs for the New News Corporation
May 15 13
News Corp. announced the appointment of Antoinette Cook Bush as Executive Vice President and Global Head of Government Affairs for the new News Corporation, the proposed global publishing entity to be formed as part of the company's intended separation into two independent, publicly traded companies. In her new role, effective June 24, Ms. Bush will report to Robert Thomson, Chief Executive Officer of the new News Corporation, and be based in Washington, D.C. Ms. Bush joins the new News Corporation from Skadden, Arps, Meagher & Flom LLP, where, over her nearly 20-year tenure, she rose to become the Partner in charge of its Communications Group.
Two TV Operators Reportedly Eye Hulu
May 15 13
At least two pay TV operators, including Time Warner Cable Inc. (NYSE:TWC) are planning to invest in Hulu, LLC as Hulu considers a range of strategic options, according to people familiar with the matter. It isn't clear how much Time Warner Cable is willing to pay and whether it is considering purchasing a minority stake in the site or an all-out acquisition. Hulu's current owners including News Corp. (NasdaqGS:NWSA); Comcast Corporation (NasdaqGS:CMCS.A) and The Walt Disney Company (NYSE:DIS) don't see the cable operator as the most likely buyer at the valuation it has signaled it would do the transaction, one of the people familiar with the matter said. The identity of the other pay TV operator isn't known. For regulatory reasons, Comcast can't vote its stake. News Corp and Disney have been at odds about the strategic direction for Hulu, and more recently the companies have been considering selling the site. Another option is for News Corp. or Disney to buy the other out. Former News Corp. President Peter Chernin's investment group has made an offer for Hulu, people familiar with the matter say. In addition, Guggenheim Partners, LLC and Yahoo! Inc. (NasdaqGS:YHOO) has shown interest in the site., people familiar with the situation said.
News Corp. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2013
May 8 13
News Corp. reported consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net income attributable to the company's stockholders of $2,854 million or $1.22 per share on revenues of $9,538 million compared to net income attributable to the company's stockholders of $937 million or $0.38 per share on revenues of $8,402 million a year ago. Income from continuing operations before income tax expense was $3,650 million compared to $1,284 million a year ago. Net income was $2,909 million compared to $1,003 million a year ago. Adjusted net income attributable to company's stockholders was $834 million or $0.36 per share compared to $921 million or $0.37 per share a year ago. Total segment operating income was $1,362 million compared to $1,312 million a year ago. The three months ended March 31, 2013 and 2012 include $42 million and $63 million, respectively, of costs related to the ongoing investigations in the U.K. The three months ended March 31, 2013 include $25 million of costs related to the proposed separation of the Company's entertainment and publishing businesses. Excluding these charges, adjusted total segment operating income is $1,429 million and $1,375 million in the three months ended March 31, 2013 and 2012, respectively. Approximately 55% of the revenue increase reflects growth at the Cable Network Programming, Filmed Entertainment and Television segments, partially offset by lower revenues at the Publishing segment. The balance of the growth primarily relates to the inclusion of Sky Deutschland AG and Fox Sports Australia revenues. The quarter's pre-tax results included $2.43 billion of income in other, net, principally related to gains on the acquisition of an additional ownership stake in Sky Deutschland and the sale of the ownership stake in SKY Network Television in New Zealand, as well as a $11 million gain from the company's participation in British Sky Broadcasting's share repurchase program, which is reflected in equity earnings of affiliates.
For the nine months, the company reported net income attributable to the company's stockholders of $7,468 million or $3.18 per share on revenues of $27,099 million compared to net income attributable to the company's stockholders of $2,732 million or $1.08 per share on revenues of $25,336 million a year ago. Income from continuing operations before income tax expense was $9,065 million compared to $3,847 million a year ago. Net income was $7,663 million compared to $2,916 million a year ago. Total segment operating income was $4,320 million compared to $4,194 million a year ago. The nine months ended March 31, 2013 and 2012 include $165 million and $167 million, respectively, of costs related to the ongoing investigations in the U.K. The nine months ended March 31, 2013 include $53 million of costs related to the proposed separation of the Company's entertainment and publishing businesses. Excluding these charges, adjusted total segment operating income is $4,538 million and $4,361 million in the nine months ended March 31, 2013 and 2012, respectively. Net cash provided by operating activities was $2,763 million compared to $2,721 million a year ago. Property, plant and equipment, net of acquisitions was $627 million compared to $651 million a year ago.