$NWS (News Corporation)

$NWS {{ '2016-02-04T21:50:23+0000' | timeago}} • Announcement

$NWS $NWSA said 2Q16 revenue from News and Information Services segment slid 8% YoverY to $1.4Bil, while that from Book Publishing dropped 5% to $446MM. Digital Real Estate Services revenue grew 35% to $208MM and Cable Network Programming revenue fell 5% to $106MM.

$NWS {{ '2017-06-27T15:58:29+0000' | timeago}} • Announcement

$NWS $NWSA issued statement regarding the European Commission's decision to fine Google, a $GOOG $GOOGL company, for breaching EU antitrust rules. News Corp. said Google has profited from commodifying content and enabling the proliferation of flawed and fake news, to the detriment of journalism and of an informed society.

$NWS {{ '2017-06-27T15:57:41+0000' | timeago}} • Announcement

$NWS $NWSA issued statement regarding the European Commission's decision to fine Google, a $GOOG $GOOGL company, for breaching EU antitrust rules. News Corp. strongly believes that the abuse of algorithms by dominant digital platforms should be of concern to every country and company seeking a fair, competitive and creative society.

$NWS {{ '2017-05-10T14:04:19+0000' | timeago}} • Webcast

$NWS said in relation to News Australia and the ARM acquisition, it will have integration costs largely offsetting synergies in 2017 but benefits are expected to come through in the next financial year. So the benefits  are not included in its cost reduction target of $40MM. $NWS is on track to deliver the $40MM cost reduction target in 2017.

$NWS {{ '2017-05-09T21:41:07+0000' | timeago}} • Announcement

Revenue from News and Information Services, the largest segment of $NWS $NWSA, grew 3% to $1.26Bil in 3Q17. The Wall Street Journal average daily digital subscribers grew to 1,198,000 from 893,000 a year ago. Revenue of Book Publishing segment, Digital Real Estate Services and Cable Network Programming grew 4%, 13% and 14% respectively.

$NWS {{ '2017-05-09T21:34:13+0000' | timeago}} • Announcement

$NWS $NWSA cut down its loss in 3Q17, helped by the growth in Digital Real Estate Services. Net loss available to company stockholders shrunk to $5MM or $0.01 per share from $149MM or $0.26 per share in the year-ago quarter. Revenue increased 5% to $1.99Bil. Adjusted EPS stood at $0.07.

$NWS {{ '2017-04-27T15:21:23+0000' | timeago}} • Announcement

Move, Inc, a subsidiary of $NWS and operator of realtor.com, has expanded relationship with Terra Holdings, LLC, giving leading luxury residential firms Halstead and Brown Harris Stevens access to two of Move's professional real estate software products, FiveStreet and Top Producer CRM.

$NWS {{ '2017-04-06T17:44:00+0000' | timeago}} • Announcement

$NWS named Jesse Angelo as the chief of Digital Advertising Solutions. Meanwhile, he will continue serving as CEO and Publisher of the New York Post.

$NWS {{ '2017-04-06T14:48:39+0000' | timeago}} • Announcement

Realtor.com, which is operated by $NWS $NWSA subsidiary Move Inc., said it appointed Chung Meng Cheong as chief product officer and will steer the company's product development to help make every stage of the home journey simple, efficient and enjoyable. He will report to CEO Ryan O'Hara.

$NWS {{ '2017-04-03T13:53:34+0000' | timeago}} • Announcement

$NWS said Kelly Ayotte has been elected to its BoD, effective April 1, 2017. Senator Ayotte most recently served as a United States Senator for the State of New Hampshire from 2011 to 2017. Her appointment follows the departure of Elaine L. Chao, who resigned from the Board upon her confirmation as Secretary of the US Department of Transportation.

$NWS {{ '2017-02-24T13:09:23+0000' | timeago}} • Announcement

$NWS $NWSA said Bedi Singh will be departing as CFO effective March 1, 2017. Susan Panuccio, currently CFO of News Corp Australia, will become new CFO of the company. Singh has agreed to serve as senior advisor to News Corp on its digital property interests in India, and will also join the advisory board of Move Inc., which operates realtor.com.

$NWS {{ '2017-02-09T23:50:52+0000' | timeago}} • Webcast

For 3Q17, $NWS $NWSA expects further cost saving initiatives across its news mastheads, as the global print trends remain uncertain at newspaper operations. The company also expects to see growth at its News America Marketing led by installed promotions.

$NWS {{ '2017-02-09T23:43:41+0000' | timeago}} • Webcast

$NWS $NWSA said advertising revenue at News Australia remains challenged. For 2Q17, advertising revenue declined 12%, or approx. 15% in local currency. The company said it continues to seek additional cost reduction in 2017, as it is on track for an additional A$40MM in cost savings in the second half of FY17.

$NWS {{ '2017-02-09T22:24:51+0000' | timeago}} • Announcement

Media company $NWS $NWSA reported 2Q17 net loss attributable to company stockholders of $289MM, or $0.50 per share, compared to net earnings of $62MM, or $0.15 per share. Revenue decreased during the quarter to $2.12Bil from $2.16Bil. Excluding items, the company earned $0.19 per share.

$NWS {{ '2016-11-07T23:32:12+0000' | timeago}} • Webcast

$NWS $NWSA said that in its acquired company Move, margins are growing and excluding stock based compensation, EBITDA was higher than before. The company added that it expects Move to be meaningfully profitable from 2Q17 onwards.

$NWS {{ '2016-11-07T23:21:47+0000' | timeago}} • Webcast

On earnings from affiliates, $NWS $NWSA's Foxtel ended 1Q17 with about 2.9MM total subscribers, with closing cable and satellite subscribers increasing about 1% YoverY. Foxtel recorded a $21MM loss, driven by he decision to cease Presto operations and consequently, equity income fell $11MM.

$NWS {{ '2016-11-07T23:03:59+0000' | timeago}} • Webcast

In News Australia, $NWS $NWSA's advertising revenue fell 7%, while circulation revenue was up modestly, as a result of cover price increases. In 2017, the company expects an additional AUD40MM in cost savings. In News UK, ad revenue was down mid teens in local currency, while circulation revenue fell mid teens sequentially.

$NWS {{ '2016-11-07T22:54:10+0000' | timeago}} • Webcast

$NWS $NWSA said that by the end of FY18, the company is targeting about 8% or $100MM reduction of the cost structure on an annualized basis. The implementation of the restructuring program will begin in 2Q17 and is expected to continue into 3Q17, with an expected restructuring charge of $50-60MM pre-tax during FY17.

$NWS {{ '2016-11-07T21:51:21+0000' | timeago}} • Announcement

$NWS $NWSA's 1Q17 News and Information Services revenue fell 5% YoverY, while adjusted revenues fell 4%. In Book Publishing, revenues fell 5% compared to the year ago, hurt by the absence of revenues from Go Set a Watchman by Harper Lee. Digital Real Estate Services revenue rose 18% YoverY, driven by continued growth at REA Group and Move.

$NWS {{ '2016-11-07T21:45:51+0000' | timeago}} • Announcement

Media company $NWS $NWSA posted a net loss for 1Q17, hurt by lower segment revenue and foreign currency fluctuations. The company reported a net loss available to NWSA stockholders of $15MM or $0.03 per share for the quarter compared to net income of $175MM or $0.30 per share a year ago. Total revenue fell 2.43% to $1.96Bil.

$NWS {{ '2016-09-30T22:31:31+0000' | timeago}} • Announcement

$NWS $NWSA said that John Elkann will step down from its BoD, effective immediately. Elkann is leaving the Board due to the increased demands of his role as CEO of EXOR S.p.A. and at EXOR's largest investments including FCA Group and the newly acquired Partner Re.

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