ASX Share rice
Tue 04 Aug 2020 - 11:49:pm (Sydney)

NWS Share Price

NEWS CORPORATION..NWSMedia & Entertainment

NWS Company Information

Name:

News Corporation

Sector:

Communication Services

Industry:

Broadcasting

Address:

1211 Avenue of the Americas New York NY United States 10036

Phone:

212-416-3400

Full Time Employees:

28000

Exec. Chairman:

Mr. Keith Rupert Murdoch AC

CEO & Director:

Mr. Robert J. Thomson

Chief Financial Officer:

Ms. Susan Lee Panuccio BBUS (Dist), B.Bus (Hons), ICCA

Exec. VP, Gen. Counsel & Chief Compliance Officer:

Mr. David B. Pitofsky

Principal Accounting Officer:

Mr. Kevin P. Halpin

Company Overview:

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Subscription Video Services, Book Publishing, Digital Real Estate Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, and MarketWatch through various media channels, such as newspapers, newswires, Websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts. It also owns and operates daily, Sunday, weekly, and bi-weekly newspapers comprising The Australian, The Weekend Australian, The Daily Telegraph, The Sunday Telegraph, Herald Sun, Sunday Herald Sun, The Courier Mail, The Sunday Mail, The Advertiser, Sunday Mail, The Sun, The Sun on Sunday, The Times, The Sunday Times, and New York Post, as well as digital mastheads and other Websites. In addition, the company offers in-store marketing products and services primarily to consumer packaged goods manufacturers; home-delivered shopper media, including free-standing inserts and direct mail products; digital marketing solutions; and in-store merchandising services. Further, it publishes general fiction, nonfiction, children's, and religious books; provides video sports, entertainment, and news services to pay-TV subscribers and other commercial licensees primarily through cable, satellite, and Internet distribution; and broadcasts rights to live sporting events. Additionally, the company offers property and property-related services on its Websites and mobile applications; online real estate services; and professional software and service products, which comprise Top Producer and ListHub. News Corporation was incorporated in 2012 and is headquartered in New York, New York.

NWS Share Price Information

Shares Issued:

588.49M

Market Capitalisation:

$10.75B

Dividend per Share:

$0.31

Ex Dividend Date:

2020-03-10

Dividend Yield:

1.70%

Revenue (TTM):

$9.55B

Revenue Per Share (TTM):

$16.27

Earnings per Share:

$0.26

Profit Margin:

-0.0966

Operating Margin (TTM):

$0.05

Return On Assets (TTM):

$0.02

Return On Equity (TTM):

$-0.12

Quarterly Revenue Growth (YOY):

-0.078

Gross Profit(TTM):

$4.45B

Diluted Earnings Per Share (TTM):

$-1.572

QuarterlyEarnings Growth(YOY):

-0.125

NWS CashFlow Statement

CashFlow Date:

2019-06-30

Investments:

$-677,000,000

Change To Liabilities:

$-147,000,000

Total Cashflow From Investing Activities:

$-677,000,000

Net Borrowings:

$-435,000,000

Net Income:

$155M

Total Cash From Operating Activities:

$0.93B

Depreciation:

$659M

Other Cashflow From Investing Activities:

$18M

Dividends Paid:

$-161,000,000

Change To Inventory:

$-58,000,000

Change To Account Receivables:

$134M

Capital Expenditures:

$572M

NWS Income Statement

Income Date:

2019-06-30

Income Before Tax:

$354M

Net Income:

$155M

Gross Profit:

$4.45B

Operating Income:

$585M

Interest Expense:

$59M

Income Tax Expense:

$126M

Total Revenue:

$10.07B

Total Operating Expenses:

$9.49B

Cost Of Revenue:

$5.62B

NWS Balance Sheet

Balance Sheet Date:

2019-06-30

Intangible Assets:

$2.43B

Total Liabilities:

$5.40B

Total Stockholder Equity:

$9.14B

Other Current Liabilities:

$299M

Total Assets:

$15.71B

Common Stock:

$6M

Other Current Assets:

$515M

Retained Earnings:

$-1,979,000,000

Other Liabilities:

$1.02B

Good Will:

$5.15B

Other Assets:

$1.10B

Cash:

$1.64B

Total Current Liabilities:

$3.34B

Short-Term Debt:

$449M

Property - Plant & Equipment:

$2.04B

Net Tangible Assets:

$1.06B

Long-Term Investments:

$335M

Total Current Assets:

$4.05B

Long-Term Debt:

$1B

Net Receivables:

$1.54B

Short-Term Investments:

$11.66B

Inventory:

$348M

Accounts Payable:

$411M

Non Currrent Assets (Other):

$470M

Short-Term Investments:

$11.66

Non Current Liabilities (Other):

$495M

Non Current Liabilities Total:

$2.06B

NWS Share Price History

NWS News

01 Aug, 2020
The departure of the son of media tycoon Rupert Murdoch would leave the News Corp board with 10 directors. The Wall Street Journal owner in May had posted a $1 billion quarterly loss due to a writedown in the value of its Australian pay TV unit and the impact of the COVID-19 pandemic on its businesses.
He resigns from the influential media company's board, citing "disagreements over editorial content".
31 Jul, 2020
(Bloomberg Opinion) -- It looks like the TikTok spinout scenario is fully in play.For weeks, White House officials – including Secretary of State Mike Pompeo and President Donald Trump – have raised the prospect of a ban of ByteDance Ltd.’s TikTok app in the U.S., citing national security concerns. But now it seems the government could be amenable to a middle ground. On Friday, Bloomberg News reported Trump plans to order ByteDance Ltd. to divest its ownership of TikTok. Then later in the afternoon, several media outlets reported Microsoft Corp. is in talks to purchase TikTok’s U.S. operations.To be clear, if ByteDance is forced to sell TikTok under the administration’s pressure, the story won’t be over. TikTok is only one front in a wider campaign of rising political and economic tensions between the U.S. and China. China may retaliate by targeting American business interests on its soil or taking other measures that further inflame the situation. But putting all that aside and in the meantime, let’s consider the merits of a TikTok sale. There seem to be two active bidders for the app. One is Microsoft. As for the other, Reuters reported earlier this week that some of Bytedance’s U.S investors have proposed a bid for a majority stake of TikTok, valuing the company’s non-China operations at $50 billion. The offer would be about 50 times TikTok’s forecast sales of $1 billion this year, Reuters reported.On a personal level, an independent TikTok owned by American venture capital firms is the preferable option. By staying separate, the social media app can hire and retain the best engineers with tantalizing pre-IPO stock compensation. Top-tier technical talent is needed to keep the company on the bleeding edge. And history is littered with examples of upstarts that were acquired by larger companies and subsequently lost their ability to nimbly react to competitors. Examples of  M&A debacles include Yahoo’s acquisition of Tumblr and News Corp.’s Myspace purchase.In this instance, though, Microsoft may be the best suitor. On the surface, it may seem strange to contemplate such a large deal in an environment of greater regulator scrutiny over the technology industry’s acquisitions. In fact, we are just days removed from CEOs of four other Big Tech companies getting grilled over their anticompetitive practices before a House subcommittee. However, counter-intuitively this merger can make sense in terms of antitrust principles. A Microsoft-TikTok combination would create a much more competitive U.S. digital advertising market by establishing a powerful third player against the two dominant internet ad goliaths, Google parent Alphabet Inc. and Facebook Inc. And let’s face it, the administration may prefer a sale of TikTok — even to a giant like Microsoft —  over banning an app that’s wildly popular with millions of Americans. Microsoft’s businesses would benefit as well by adding scale to its burgeoning digital advertising operation, anchored by its Bing search engine. The company could also cross-promote TikTok’s social media video features across its Xbox gaming console and cloud services. And finally, ByteDance may appreciate a deal with Microsoft for a purely expedient purpose. The software giant valued at roughly $1.6 trillion can quickly and easily pay the Chinese company the tens of billions TikTok is worth without the complications of dealing with multiple smaller investment firms.So at the end if the day, a Microsoft-TikTok combination may be the best and most elegant solution for all parties involved. The happiest may actually be the apps users, celebrating their favorite service’s survival.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
30 Jul, 2020
News Corp. (NWSA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
29 Jul, 2020
Many families quickly adjusted their current living space to accommodate working from home, but those who expect the change to be permanent are likely to pull the trigger on a new home purchase in the next six months, according to a realtor.com® HarrisX survey of active home shoppers released today.
27 Jul, 2020
News Corp will release its fourth quarter and full year Fiscal 2020 results on Thursday, August 6, 2020. News Corp Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio will host a call with analysts and media to discuss the results at 5:30 p.m. EDT (Sydney: Friday, August 7, at 7:30 a.m. AEST). Reporters are invited to join the call on a listen-only basis.
23 Jul, 2020
With more home selling options available than ever before, knowing where to start can be a challenge. Realtor.com®'s new Seller's Marketplace empowers homeowners to sell their home their way and allows them to compare information side-by-side and choose the option that works best for their situation. At launch, consumers can determine availability and be connected with Opendoor, EasyKnock, HomeGo and WeBuyHouses.com, with more options coming soon.
The U.S. Housing Market has recovered from the immediate disruption caused by the COVID pandemic and returned to January 2020 growth levels, according to realtor.com® data for the week ending July 18. Despite this significant milestone, another few months of sustained growth and a significant increase in new listings are needed to make up for lost ground in the first half of the year.
22 Jul, 2020
At a time when things seem to be changing more rapidly than ever before, a realtor.com® HarrisX survey of active home shoppers released today shows that homebuyers are largely looking for the same characteristics in a new home, before and after COVID. However, after months of quarantine and economic uncertainty, many are shifting the ways they approach the buying process.
16 Jul, 2020
Summer 2020 is shaping up to be a very competitive market for buyers thanks to record-low interest rates and scarce inventory, according to realtor.com®'s Weekly Recovery Report for the week ending July 11. Moreover, the U.S. housing market continues to get closer and closer to pre-COVID levels with the realtor.com® Housing Market Recovery Index reaching 98.5 this week.
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. It's an emotional challenge, given 89-year-old Murdoch's ties to his native country where he turned a single newspaper inherited from his father in 1952 into one of the world's most influential companies. The Australian arm faces a double incursion: the broadcast business, Foxtel, is fast losing subscribers to streaming giants like Netflix Inc, while the print arm, like its rivals, is ceding advertisers to Facebook and Google.
15 Jul, 2020
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. It's an emotional challenge, given 89-year-old Murdoch's ties to his native country where he turned a single newspaper inherited from his father in 1952 into one of the world's most influential companies. The Australian arm faces a double incursion: the broadcast business, Foxtel, is fast losing subscribers to streaming giants like Netflix Inc, while the print arm, like its rivals, is ceding advertisers to Facebook and Google.
CB Insights, which helps the world's leading companies make smarter technology decisions, has acquired the data assets of VentureSource, a comprehensive portfolio relating to venture capital markets, from Dow Jones.
The New York Times will shift part of its Hong Kong office to Seoul, in an ominous move as worries grow that the new national security law China imposed on the financial hub two weeks ago would curb media and other freedoms in the city. The Times said its employees have faced challenges securing work permits and it would move its digital team of journalists, roughly a third of its Hong Kong staff, to the South Korean capital over the next year. The move delivers a blow to the city's status as a hub for journalism in Asia, and comes as China and the United States have clashed over journalists working in each other's countries.
13 Jul, 2020
(Bloomberg) -- Facebook and Google have for years operated like shop windows for news stories, plying their billions of visitors with free snippets and information from articles across the web. An antitrust tussle that’s coming to a head in Australia is set to change that.Australia’s competition regulator will this month publish draft rules forcing the two U.S. tech giants to share revenue generated from news with the original publishers, including Rupert Murdoch’s News Corp. A final version of the code, the first of its kind in the world, is due to follow soon after.Between them, Facebook Inc. and Alphabet Inc.’s Google have a dominant position in the online advertising market and that has been under intensifying regulatory and political assault in the U.S. and Europe, with Australia now adding another front of attack.Investors are sitting up, too. Should watchdogs in other markets follow Australia, it would chip away at two of the most wildly successful business models of the 21st century, built largely on content free-for-alls. Facebook and Alphabet have combined market values in New York of about $1.7 trillion.Read more: Europe’s Failure to Tame Google’s Dominance Is a Lesson for U.S.“This would be a major shot across the bow from a regulatory perspective,” said Dan Ives, an analyst at Wedbush Securities in New York. “It could open up a Pandora’s box around monetization and sharing of data.”‘This One Matters’In an interview, Australian Competition & Consumer Commission Chairman Rod Sims said he knows of several counterparts overseas who are considering taking similar steps. With traditional media hemorrhaging jobs and facing an assault from populist politicians alleging fake news, the 69-year-old is swinging the pendulum back in the publishers’ favor. To Sims, it’s about more than simply forcing businesses on his beat to play fair.“This one matters because journalism matters,” he said. “The fourth estate is such a fundamental part of what makes our societies work.”Traditional media companies have long complained their content is being exploited by digital platforms without due compensation. But that’s only part of the picture.While platforms and publishers all compete for web clicks and eyeballs that can be turned into advertising revenue, they’re also allies of sorts. News stories, or even just links to them, are part of the appeal of Facebook and Google, helping them keep visitors engaged and vacuum up more data. The tech giants, in turn, direct traffic back to the publishers’ websites.‘Fundamentally Incorrect’The nature of this relationship is central to the crackdown by Australia’s competition watchdog. “There’s no doubt the net value flow is to the platforms,” said Sims. Facebook has called such an assumption “fundamentally incorrect.”In a 58-page submission to the ACCC last month, Facebook described news as “highly substitutable” content. Even a complete purge of stories in Australia, Facebook said, would make little difference. “News does not drive significant long-term commercial value for our business,” it said.Australian news organizations, meanwhile, garnered 2.3 billion clicks from Facebook’s news feed between January and May 2020, Facebook said.At Google, only a “very small” direct and indirect economic value comes from news in Google Search, Australia Managing Director Mel Silva said in a May blog post. Meanwhile, Google Search accounted for 3.44 billion visits to Australian news publishers for free in 2018, she wrote.Amid the dispute, it’s not clear what the code will cost the tech giants in Australia. That’s partly because in between the baby pictures and community group posts on Facebook, it’s almost impossible to quantify the subjective appeal of news. “I would say goodluckregulators,” Rich Greenfield, an analyst at New York-based research firm LightShed Partners, said in an email. “I have no idea how they will determine the value.”Turning TideEven Sims warns it will be “extremely hard,” but says “there are always ways to put numbers around things.” And in recent months, publishers appear to have gained ground in the argument.In April, France’s antitrust regulator ordered Google to pay media companies to display snippets of articles. Then in June, Google said it would pay certain media outlets it will feature in a yet-to-be-released news service in Germany, Australia and Brazil. Terms weren’t disclosed.Perhaps most significantly, Facebook late last year introduced a separate news section, paying the publishers whose stories were featured. Some 200 publishers were involved in the Facebook News service, some of them receiving between $1 million and $3 million a year to put articles in the section.The ACCC’s mandatory code goes further: the watchdog’s concepts paper raised the possibility of collective media boycotts of Facebook and Google in the absence of “appropriate remuneration.”In a statement, Google said it has “worked closely and constructively with news media businesses, the ACCC and the government as part of this process and will continue to do so.”Facebook “will continue to work closely with news organisations, the ACCC and the Australian government to sustain a strong news ecosystem,” said Mia Garlick, the company’s director of policy for Australia and New Zealand. But she said: “A regulatory approach that lumps two tech companies together and benefits only the most powerful publishers does not do that.”Sims says he’s skeptical of Facebook’s argument that news delivers little economic value, and expects his code to start balancing the equation.“I’m not contemplating failure,” Sims said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
12 Jul, 2020
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NWS Dividend Payments

EX-Date Dividend Amount
2019-03-11$0.1000
2019-09-10$0.1000
2020-03-09$0.1000