News Corporation’s Veteran Chief Financial Officer David DeVoe to Retire after Company’s Separation

  News Corporation’s Veteran Chief Financial Officer David DeVoe to Retire
  after Company’s Separation

Company Deputy Chief Financial Officer John Nallen Elevated to Chief Financial
                         Officer of 21st Century Fox

Business Wire

NEW YORK -- June 13, 2013

News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today announced that its
veteran Chief Financial Officer David DeVoe will retire at the end of this
fiscal year. Mr. DeVoe will maintain his seat on the Company’s Board of
Directors, on which he has served since 1990, and remain a senior advisor to
the Company. John Nallen has been appointed Senior Executive Vice President
and Chief Financial Officer of the Company, which will be re-named 21st
Century Fox and hold News Corporation’s media and entertainment businesses
following its separation on June 28 into two independent, publicly traded
companies. Mr. Nallen’s appointment is effective July 1, 2013.

John P. Nallen (Photo: Business Wire)

John P. Nallen (Photo: Business Wire)

Mr. Murdoch, Chairman and CEO of News Corporation commented, “I would like to
express my profound gratitude to Dave for his enormous contributions to News
Corp. over nearly three decades in which he has played a pivotal role in
building the Company into a global leader. He is a world-class executive whose
stellar financial stewardship can be credited for the enviable financial
position we’re in at this exciting time in the Company’s evolution. Dave has
helped drive our businesses to new heights and position us for long-term and
sustainable growth. On behalf of the global News Corp. family, I want to thank
Dave for his remarkable service to the company. The Board and I look forward
to continuing to work with him in his capacity as both a director and a valued
senior advisor.”

Mr. DeVoe commented, “It’s been a privilege to serve as the Chief Financial
Officer for the world’s greatest media company for over 20 years. To work with
Rupert as he built News Corporation into one of the most dynamic companies of
all time was the opportunity of a lifetime. I am incredibly grateful to
Rupert, Chase Carey and the rest of the senior management team and directors
for their collective vision, support and friendship over the past two

Following the separation, Mr. Nallen will oversee all of the finance functions
for 21st Century Fox and report to Rupert Murdoch, the Company’s Chairman and
Chief Executive Officer, and to Chase Carey, its President and Chief Operating
Officer. Mr. Nallen has served as Deputy Chief Financial Officer and an
Executive Vice President of News Corporation since 2001, having joined the
company in 1995.

Mr. Murdoch commented, “John Nallen has been a valued member of News Corp.’s
executive management team for the past 18 years. Chase and I, and the entire
management team, recognize John as a uniquely talented executive whose
leadership, track record and discipline will help us unlock the benefits that
the separation will make possible for 21st Century Fox.”

Mr. Nallen said, “I am honored to be part of 21st Century Fox’s leadership
team as we embark on an exciting next chapter to drive long-term value for our
shareholders. I can’t imagine a more compelling opportunity than to work with
our executive team and Board to carry out and build on Rupert and Chase’s
vision for the new 21st Century Fox.”

About David DeVoe

David DeVoe has served as Chief Financial Officer and a director of News
Corporation since 1990, having joined the company in 1983 as a senior
financial executive. He has served as a Senior Executive Vice President of
News Corporation since January 1996. Mr. DeVoe has served as a director on a
number of boards, including British Sky Broadcasting Group, NDS Group Limited,
Shine Limited, Gemstar-TV Guide and DIRECTV.

About John Nallen

Mr. Nallen has served as Deputy Chief Financial Officer and an Executive Vice
President of News Corporation since 2001. In this role, he has focused on
capital market and merger and acquisition transactions and has overseen
various functional areas, including corporate finance, tax, corporate IT,
internal audit and planning and analysis.

Mr. Nallen joined News Corporation in 1995 after 16 years at Arthur Andersen,
where he became a CPA and a partner leading its Media Industry Practice.

News Corporation Separation

On June 28, 2012, News Corporation announced its intent to pursue the
separation of its business into two separate independent companies, one of
which will hold the Company’s global media and entertainment businesses and
the other which will hold the businesses comprising News Corporation’s
newspapers, information services and integrated marketing services, digital
real estate services, book publishing, digital education and sports
programming and pay-TV distribution in Australia.

About News Corporation

News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of
March 31, 2013 of approximately US$68 billion and total annual revenues of
approximately US$35 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.

For more information about News Corporation, please visit

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Julie Henderson, 310-369-0773
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