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Last $15.54 USD
Change Today -0.09 / -0.58%
Volume 2.8M
NWSA On Other Exchanges
Symbol
Exchange
NASDAQ GS
NASDAQ GS
Stuttgart
Stuttgart
OTC US
Stuttgart
OTC US
Frankfurt
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As of 5:20 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

news corp - class a (NWSA) Key Developments

News Corp Denies Plans To Sell Brisbane Headquarters

It has been reported that News Limited plans to divest its Brisbane headquarters. Developers and investors are known to have been sounded out to acquire the Brisbane headquarters. The Australian Financial Review understands that PwC has been touting the three-hectare site as a residential apartment and retail development as well as maintaining a commercial lease. A News Corporation (NasdaqGS:NWSA) spokesman denied that the company had any plans to divest or redevelop the Brisbane headquarters.

News Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015; Reports Impairment Charges

News Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported that total revenues were $2,062 million compared to $2,078 million a year ago. Income before income tax was $52 million compared to $62 million a year ago. Net income attributable to company stockholders was $23 million or $0.04 per basic and diluted share compared to $48 million or $0.08 per basic and diluted share a year ago. Total adjusted revenue was $2,033 million compared to $2,075 million a year ago. Total adjusted segment EBITDA was $194 million compared to $196 million a year ago. Total segment EBITDA was $163 million compared to $175 million a year ago. Adjusted net income attributable to stockholders was $28 million or $0.05 per share compared to $66 million or $0.11 per share a year ago. The majority of the revenue decline reflects negative foreign currency fluctuations and lower advertising revenues at the News and Information Services segment, offset in large part by growth in the Book Publishing and Digital Real Estate Services segments as a result of the acquisition of Harlequin Enterprises Limited and Move Inc. respectively. For the nine months, the company reported that total revenues were $6,492 million compared to $6,388 million a year ago. Income before income tax was $392 million compared to loss before income tax of $421 million a year ago. Net income attributable to company stockholders was $231 million or $0.40 per basic and diluted share compared to $226 million or $0.39 per basic and diluted share a year ago. Net cash provided by operating activities was $702 million compared to $803 million a year ago. The decrease was primarily due to absence of the net receipts related to a foreign tax refund of $73 million and lease incentives of $35 million received during the nine months ended March 31, 2014, as well as higher net tax payments of $53 million and approximately $45 million of higher deferred compensation payments related to the acquisition of Wireless Generation in the nine months ended March 31, 2015. Capital expenditures were $268 million compared to $244 million a year ago. Total adjusted revenue was $6,312 million compared to $6,343 million a year ago. Total adjusted segment EBITDA was $737 million compared to $696 million a year ago. Total segment EBITDA was $661 million compared to $643 million a year ago. Adjusted net income attributable to stockholders was $234 million or $0.40 per share compared to $262 million or $0.45 per share a year ago. Free cash flow available to News Corporation decreased by $105 million in the nine months ended March 31, 2015 to $391 million, primarily as a result of certain one-time items. For the third quarter of 2015, the company reported impairment and restructuring charges was $10 million against $10 million a year ago.

Indian Express Not Being Sold

It's official the Indian Express Newspapers (Mumbai) Ltd. is not up for sale.Anant Goenka, wholetime Director of The Indian Express, head of new media and son of Viveck Goenka, clarified that the paper was not being sold either to News Corporation (NasdaqGS:NWSA) or to Reliance Industries Limited (BSE:500325), as rumours over the months have suggested.

Court Throws News Corp. Shareholder Rights Lawsuit

A Delaware judge dismissed a lawsuit against News Corp. over shareholder rights related to its split with 21st Century Fox Inc. The lawsuit, filed August 2014 by News Corp. shareholder Miramar Police Officers' Retirement Plan, claimed that the company and some of its officers, including Chairman Rupert Murdoch, breached contract and fiduciary duties by neglecting an old settlement agreement over shareholder rights when the company split. In the ruling, the judge ruled that the settlement agreement does not prevent the company from spinning off some of its assets to a new public corporation that will not be subject to that agreement.

News Corporation to Report Q3, 2015 Results on May 05, 2015

News Corporation announced that they will report Q3, 2015 results at 4:30 PM, Eastern Daylight on May 05, 2015

 

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NWSA

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Valuation NWSA Industry Range
Price/Earnings 38.2x
Price/Sales 1.1x
Price/Book 0.7x
Price/Cash Flow 7.3x
TEV/Sales 0.3x
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