News Corp Amends Stockholder Rights Plan
NEW YORK -- June 18, 2014
News Corp today announced that its Board of Directors has approved an
amendment to the Company's stockholder rights plan (the "Rights Plan"), which
was scheduled to expire on June 28, 2014. The amendment extends the expiration
date of the Rights Plan until June 18, 2015, unless redeemed earlier by the
Company as provided for in the Rights Plan.
The Rights Plan allows the Board of Directors additional time to evaluate all
available alternatives and preserves the Company’s ability to implement
management's strategic plan in order to maximize the long-term value of the
Company for all stockholders.
The full text of the Rights Plan will be filed on a Current Report on Form 8-K
with the Securities and Exchange Commission.
Cautionary Statement Concerning Forward-Looking Statements
This document contains certain “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995. These statements are
based on management’s views and assumptions regarding future events and
business performance as of the time the statements are made. Actual results
may differ materially from these expectations due to changes in global
economic, business, competitive market and regulatory factors. More detailed
information about these and other factors that could affect future results is
contained in our filings with the Securities and Exchange Commission. The
“forward-looking statements” included in this document are made only as of the
date of this document and we do not have any obligation to publicly update any
“forward-looking statements” to reflect subsequent events or circumstances,
except as required by law.
About News Corporation
News Corporation (NASDAQ:NWS)(NASDAQ:NWSA)(ASX:NWS)(ASX:NWSLV) is a global,
diversified media and information services company focused on creating and
distributing authoritative and engaging content to consumers throughout the
world. The company comprises businesses across a range of media, including:
news and information services, cable network programming in Australia, digital
real estate services, book publishing, digital education, and pay-TV
distribution in Australia. Headquartered in New York, the activities of News
Corporation are conducted primarily in the United States, Australia, and the
United Kingdom. More information is available at: www.newscorp.com.
News Corp Investor Relations
Michael Florin, 212-416-3363
News Corp Corporate Communications
Jim Kennedy, 212-416-4064
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