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News Corp Reports Q4 Loss Per Share Of $0.67
Telstra Corporation Sees Non-Cash Impairment And Write Down Of Carrying Value Of Stake In Foxtel
News Corporation Posts Quarterly Loss Per Share $1.24
News Corp is a media and information services company. The Company has businesses across a range of media, including news and information services, subscription video services in Australia, book publishing and digital real estate services. Its segments include News and Information Services, Subscription Video Services, Book Publishing and Digital Real Estate Services. The News and Information Services segment includes its global print, digital and broadcast radio media platforms. Subscription Video Services segment provides video sports, entertainment and news services to pay-tv subscribers and other commercial licensees. Book Publishing segment consists of HarperCollins, a consumer book publisher with operations in approximately 17 countries and particular strengths in general fiction, nonfiction, children’s and religious publishing. Digital Real Estate Services segment consists of the Company’s interest in REA Group and interest in Move.
Printing & Publishing
1211 Avenue of the Americas
NEW YORK, NY
Keith Rupert Murdoch
Executive Chairman of the Board
Lachlan Keith Murdoch
Non-Executive Co-Chairman of the Board
Robert J. Thomson
Chief Executive Officer, Director
Susan Lee Panuccio
Chief Financial Officer
David B. Pitofsky
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James Murdoch resigned from the board of News Corp on Friday, citing disagreements over editorial content at the company founded by his father, conservative media mogul Rupert Murdoch.
James Murdoch has resigned from News Corp's board, citing disagreements over certain editorial content published by the company's news outlets, the news publisher disclosed in a filing on Friday. (Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel)
The birthplace of Rupert Murdoch's media empire, News Corp's Australian business, is shaping up as a trouble spot for the global firm, following a billion dollar writedown and a move to stop printing more than 100 regional newspapers.
Rupert Murdoch's News Corp will need to cut jobs in its British newspaper and radio operations as part of a business review aimed at reducing costs, News UK Chief Executive Rebekah Brooks said in a letter to staff on Wednesday.
The Australian arm of Rupert Murdoch's News Corp said on Thursday it will stop printing more than 100 regional newspapers after the coronavirus shutdown gutted advertising revenue, accelerating a downturn in the country's media sector.
News Corp Australia said it would restructure its organisation to focus on digital publishing, a move that will also lead to job losses.
News Corp Executive Chairman Rupert Murdoch is forgoing his cash bonus for the year after the media company posted a $1 billion quarterly loss due to a write-down in the value of its Australian pay TV unit and the impact of the COVID-19 pandemic on its businesses.
News Corp Executive Chairman Rupert Murdoch will forgo his cash bonus for the current fiscal year due to the impact of COVID-19 pandemic on business, the company said on Thursday.
Australia's Telstra Corporation said on Friday it expects to recognise an impairment charge of about A$300 million ($195.12 million) against its investment in a 35% stake in the Foxtel joint venture with Rupert Murdoch's News Corp.
News Corp said on Monday it had appointed Almar Latour as Chief Executive Officer of Dow Jones.
David Rhodes, the former president of CBS News who started his career at Fox News, is returning to Rupert Murdoch's News Corp to help the company's News UK operations in the video business, a source familiar with the matter said.
Rupert Murdoch's News Corp said on Monday its newspaper advertising revenue would take a hit from widespread business closures caused by the coronavirus outbreak, although paid digital subscriptions for the Wall Street Journal are rising.
News Corp said on Monday that its newspaper advertising revenue would take a hit from economic disruptions caused by the spread of the coronavirus pandemic.
Dow Jones Chief Executive Officer Will Lewis is stepping down, parent company News Corp said on Wednesday.
* Tremor to issue 6.91% of its voting share capital to News Corp
Marketing firm Tremor International Ltd said on Monday it has agreed to buy video advertising firm Unruly from News Corp, looking to bolster video services by tapping into the Rupert Murdoch-owned firm's vast network of clients.
Marketing firm Tremor International Ltd said on Monday it agreed to buy video advertising firm Unruly from Rupert Murdoch's News Corp.
Facebook Inc's upcoming news tab will feature headlines from the Wall Street Journal and some other News Corp media properties when it launches in fall of 2019, the social network said on Friday.
News Corp is developing a news-aggregation service to compete with Alphabet Inc's Google News and could be launched later this year, the Wall Street Journal reported citing people familiar with the matter.
Wall Street Journal-owner News Corp said on Tuesday it was evaluating options for its News America Marketing (NAM) business, including a potential sale.
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