Cybersecurity
Yacktman Unimpressed by News Corp. Spinoff’s Results
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News Corp.’s fifth-largest shareholder Donald Yacktman said he was underwhelmed by the financial results of the company’s publishing spinoff, which is poised to become a publicly traded business next year.
“The publishing unit is less than stellar,” Yacktman, founder of Austin, Texas-based Yacktman Asset Management Co., said in an interview. The attractiveness of the company will depend on “how they price the shares when it comes out.”