News Corporation Announces Additional Senior Appointments for Proposed Publishing Company

  News Corporation Announces Additional Senior Appointments for Proposed
  Publishing Company

Business Wire

NEW YORK -- February 1, 2013

News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today announced two
senior management appointments 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.

Anoushka Healy, currently Group Managing Editor of The Times and Sunday Times
in London, has been named Chief Strategy Officer and will help shape the new
News Corporation and fashion its strategic direction. She will also be
responsible for sharing best practices across the organization, implementing
new projects and supporting talent around the company’s businesses.

William Lewis has been appointed Chief Creative Officer. He will be
responsible for the new company’s creative strategy and will have a central
role in developing new commercial opportunities, including product launches,
digital initiatives and acquisitions. Mr. Lewis joined News Corporation as
Group General Manager of News International in London in September 2010 and
became an executive member of News Corporation’s Management and Standards
Committee in July 2011.

Both Ms. Healy and Mr. Lewis will be based in New York and report to Robert
Thomson, Chief Executive Officer of New News Corporation.

“Will and Anoushka will be at the very heart of the new company, expanding our
digital and global reach and building new businesses,” said Mr. Thomson.
“Anoushka is a fully certified organizational genius and master of motivation.
Will has an innate understanding of audiences and how their needs are
changing. He is as diligent as he is digital.”

About Ms. Healy

Anoushka Healy currently serves as Group Managing Editor of The Times and
Sunday Times in London, a role she has held since May 2011. Prior to this
role, she was Managing Editor for The Times, and has previously served as
Assistant Editor for Strategy & Development, working on new product launches
and redesigns for the newspaper.Ms. Healy joined The Times in November 2002
as the Editorial Communications Director.

Prior to joining The Times, she was Head of Corporate Communications at the
Financial Times for seven years where, among other projects, she worked on the
launch of the Weekend FT, the launch of the FT's US edition and the launch
ofFT.com.

About Mr. Lewis

Since July 2011, Mr. Lewis has been an executive member of News Corporation’s
Management and Standards Committee, and he will remain a member of the MSC. He
joined News International as Group General Manager in September 2010.

Mr. Lewis was previously Editor-in-Chief of Telegraph Media Group, which he
joined in 2005. Under his editorship, the Daily Telegraph was named Newspaper
of the Year, and Mr. Lewis named Journalist of the Year, in the British Press
Awards following the paper’s role in exposing the parliamentary expenses
scandal. Mr. Lewis led the team that designed and created the Daily
Telegraph’s acclaimed newsroom, organising the paper’s move from its previous
premises.

From 2002 until his move to the Daily Telegraph, Mr. Lewis was business editor
of the Sunday Times. He previously worked at the Financial Times in a number
of senior roles, including news editor and New York-based mergers and
acquisitions correspondent.

News Corporation Separation

On June 28, 2012, News Corporation announced that it intends to pursue the
separation of its publishing and its media and entertainment businesses into
two distinct publicly traded companies. The global publishing company that
would be created through the proposed transaction would consist of the
Company’s publishing businesses, its education division and other Australian
assets. The global media and entertainment company would consist of the
Company’s cable and television assets, filmed entertainment, and direct
satellite broadcasting businesses. Following the separation, each company
would maintain two classes of common stock: Class A Common and Class B Common
Voting Shares. The separation is expected to be completed in approximately one
year from the date of announcement. In addition to final approval from the
Board of Directors and stockholder approval of certain amendments to the
Company’s Restated Certificate of Incorporation, the completion of the
separation will be subject to receipt of regulatory approvals, opinions from
tax counsel and favorable rulings from certain tax jurisdictions regarding the
tax-free nature of the transaction to the Company and to its stockholders,
further due diligence as appropriate, the execution of certain agreements
relating to the distribution, and the filing and effectiveness of appropriate
filings with the SEC. On December 21, 2012, New Newscorp LLC filed an initial
Form 10 registration statement and News Corporation filed a preliminary proxy
statement with the Securities and Exchange Commission in connection with the
separation. The Company has also applied for certain regulatory approvals and
tax rulings required to enable the separation to be completed as described.
There can be no assurances given that the separation of the Company's
businesses as described will occur.

About News Corporation

News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of
September 30, 2012 of approximately US$60 billion and total annual revenues of
approximately US$34 billion. News Corporation is a diversified global media
company with operations in six industry segments: cable network programming;
filmed entertainment; television; direct broadcast satellite television;
publishing; and other. The activities of News Corporation are conducted
principally in the United States, Continental Europe, the United Kingdom,
Australia, Asia and Latin America.

Contact:

New News Corporation
Ashley Huston, 212-416-2025
ahuston@newscorp.com
or
News Corporation
Nathaniel Brown, 212-852-7746
nbrown@newscorp.com
 
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