Raju Narisetti Named Senior Vice President & Deputy Head of Strategy for New
NEW YORK -- February 25, 2013
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today announced the
appointment of Raju Narisetti as Senior Vice President and Deputy Head of
Strategy 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. Mr. Narisetti is currently a Deputy
Managing Editor with The Wall Street Journal and Managing Editor of The Wall
Street Journal Digital Network.
Mr. Narisetti will begin his new role on March 11 and will report to Anoushka
Healy, who was recently named Chief Strategy Officer for the New News
Corporation. Mr. Narisetti will work with Ms. Healy to oversee and implement
new projects while helping fashion the strategic direction of the new company,
which comprises leading print and digital publishing businesses, an education
division and other Australian assets.
He will be involved in new digital projects and continue to guide the digital
growth of the existing companies in the new News Corporation as they seek to
further expand the distribution of their content across digital products and
"Raju's experiences around the world and across platforms make him the ideal
person to drive our strategy during a period of increasingly intense
globalization and digitization,” said Robert Thomson, Chief Executive Officer
of the New News Corporation. “He knows how to transform newsrooms, to start a
startup and to finish a project - all of these rare qualities will be crucial
for the success of the new News."
About Mr. Narisetti
Mr. Narisetti has served as a Deputy Managing Editor of The Wall Street
Journal and Managing Editor of The Wall Street Journal Digital Network since
February 2012. In this role, he heads editorial teams and content strategy for
The Wall Street Journal Digital Network, which includes WSJ.com,
MarketWatch.com, WSJ Live video platforms, and Wall Street Journal and
MarketWatch Radio Networks.
Previously, Mr. Narisetti served as Managing Editor of Washington Post Co.
since January 2009, overseeing digital content, news products and new
businesses, as well as its editing, design, photo, video, engagement and
social media teams. Prior to joining the Post, Mr. Narisetti served as
Founding Editor of India's Mint newspaper, which has an exclusive agreement to
publish Journal-branded content in India and is now India's second-largest
business newspaper by circulation.
During his previous tenure with the Journal, starting as a Summer Intern in
1991, Mr. Narisetti held multiple roles, most recently as a Deputy Managing
Editor as well as Editor of The Wall Street Journal Europe in 2006, and led
the re-launch of the European and Asian editions of the Journal.
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
December 31, 2012 of approximately US$63 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.
New News Corporation
Ashley Huston, 212-416-2025
Nathaniel Brown, 212-852-7746
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