NWS Share Price History
12 May, 2021
(Bloomberg) -- Seven Islands Inc., backed by billionaire James Murdoch’s investment company Lupa Systems LLC, and a former Walt Disney Co. executive filed to raise about $300 million listing a blank-check company in the U.S.The special purpose acquisition company plans to hunt for targets in the media, entertainment, consumer technology, health care and education sectors, according to a filing Tuesday. While the blank-check company will focus on south and southeast Asia, India will be of a particular focus.Murdoch, who was previously chief executive officer of 21st Century Fox Inc., and Uday Shankar, the former president of Walt Disney Asia Pacific, are co-chairmen of the SPAC, the filing shows. The announcement confirmed a Bloomberg News report in February on the listing plans.Seven Islands plans to offer 30 million units at $10 apiece, with each unit comprised of one share and a fourth of a warrant. It is expected to list on Nasdaq under the symbol “SVNI.” Goldman Sachs Group Inc., JPMorgan Chase & Co. and PJT Partners Inc. are advising the offering.The 48-year-old son of media tycoon Rupert Murdoch resigned from the board of News Corp. in July last year, citing differences of opinion with the publishing company. Lupa entered India less than two years ago and has built a portfolio of technology investments, according to the filing.Murdoch and Shankar previously worked together at Star India, which became the country’s largest media company before Walt Disney took over a swath of 21st Century Fox’s assets, including Star, in 2019. Shankar worked for the Asia Pacific unit of Disney after the deal until his departure in December last year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
A Quarter Of Pandemic Home Buyers Will Choose Their New Home Over Their Job If Asked To Return To The Office, According To Realtor.com® Survey
When COVID-19 drove working professionals out of the office, it sparked a surge in home buying that is leading to some big decisions for homeowners as offices begin to reopen. After more than a year of working remotely, Americans have moved farther away from the office and are less willing to commute, according to new survey data from Realtor.com®. Those pandemic purchases are leaving some new homeowners and companies in conflict about what's next.
11 May, 2021
News Corporation (NWSA) acquires Houghton Mifflin Harcourt's Books & Media segment for $349 million in cash.
10 May, 2021
Learning technology leader Houghton Mifflin Harcourt ("HMH" or the "Company") (Nasdaq: HMHC) today completed its previously announced divestiture of its consumer publishing business, HMH Books & Media, to HarperCollins Publishers, a division of News Corp (Nasdaq: NWSA), a global, diversified media and information services company, for a cash purchase price of $349 million. Net proceeds to HMH were approximately $337 million after transaction fees.
News Corp announced today that it has completed its acquisition of the Books & Media segment of Houghton Mifflin Harcourt (HMH Books & Media).
Realtor.com® Celebrates the Individuality of Buyers with its New "Homes for Every Home Buyer" Campaign
During a time when the COVID-19 pandemic has created a seismic shift in the real estate industry, prompted a swirl of economic uncertainty, and pushed home buyers to the edge, realtor.com® unveiled its "Homes for Every Homebuyer" campaign and tagline "To each their home." Centered on empowering consumers with the options and expertise to make confident decisions, the campaign demonstrates the uniqueness of every home journey and how realtor.com® can help buyers find a home based on what's most important to them.
07 May, 2021
News Corporation's (NWSA) third-quarter results reflect revenue growth across all segments, except News Media.
NWSA earnings call for the period ending March 31, 2021.
06 May, 2021
News Corp reported 3% revenue growth for the quarter that ended in March, driven by positive foreign-exchange fluctuations, plus solid growth at the company’s digital real estate, book publishing and Dow Jones units.
News Corporation ("News Corp" or the "Company") (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended March 31, 2021. Commenting on the results, Chief Executive Robert Thomson said:
05 May, 2021
News Corp announced today that it has successfully completed its acquisition of Investor’s Business Daily (IBD) from O’Neil Capital Management.
04 May, 2021
(Bloomberg) -- Twitter Inc. acquired Scroll, an ad-free news reader product, and said it expects to pull the service into a new subscription offering being planned.Scroll works with a handful of publishers, including BuzzFeed News, the Atlantic and USA Today, and offers stories from those publishers to paying customers. The stories don’t have ads, and Scroll shares some of the revenue from its subscriptions with the publishers.Scroll will temporarily halt new subscribers while its 13-person team joins the social media company, Twitter said Tuesday in a blog post. Deal terms weren’t disclosed. Scroll, which has offices in New York City and Portland, is backed by investors including Union Square Ventures.Twitter has spoken publicly about its interest in selling a subscription product, and is considering a number of options. The San Francisco-based company also recently acquired Revue, a newsletter startup, with plans to make money from subscriptions. Twitter envisions the two products working together, and saids users may one day pay to read newsletters or stories from certain publishers directly on Twitter without any ads.“For every other platform, journalism is dispensable,” wrote Scroll Chief Executive Officer Tony Haile in a blog post. “If journalism were to disappear tomorrow their business would carry on much as before. Twitter is the only large platform whose success is deeply intertwined with a sustainable journalism ecosystem.”The social media company is looking for ways to expand business outside of digital advertising, which makes up the bulk of revenue. Advertising can be inconsistent and Twitter said last week that ad sales got off to a slow start in 2021 thanks in part to civil unrest in the U.S. and delayed public events, like Hollywood’s Academy Awards presentation. A subscription business would offer a more steady and predictable revenue stream.Scroll is Twitter’s sixth deal in the past six months. The news reader startup was first announced in late 2016, and raised money from a number of publishers, including Axel Springer SE, News Corp. and the New York Times.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
30 Apr, 2021
Steel City Capital LP, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 7.6% was delivered by the fund for the Q1 of 2021, above the S&P 500 and MSCI All World Index that delivered a 5.8% and 4.8% returns respectively, […]
The Paley Center for Media Announces: Pop Culture and the Power of Reality TV with Andy Cohen, Presented In Association With The New York Post
The Paley Center for Media announced today its next Paley Front Row presented by Citi, Pop Culture and the Power of Reality TV with Andy Cohen, presented in association with The New York Post. During this entertaining and insightful program, panelists will examine the phenomenon of unscripted television and explore reality TV's impact on our culture and the medium of television itself. Laurie Ouellette, Professor of Media and Cultural Studies, University of Minnesota, will also join Cohen, along with Leah McSweeney, Sonja Morgan, and Eboni K. Williams from Bravo's The Real Housewives of New York City, and moderator Oli Coleman, New York Post, Page Six Journalist, to discuss the franchise's role in unscripted TV's success. This Paley Front Row presented by Citi program, and sponsored by Verizon, will be released on the Paley Center's dedicated channel on Verizon Media's Yahoo Entertainment on Monday, May 3 at 10:00 am ET/7:00 am PT.
29 Apr, 2021
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.
The number of new sellers surged in April compared to last year when most cities had shelter-in-place orders in effect. However, with the number of new listings still nearly 26% below pre-pandemic levels, buyers saw little relief as the median U.S. home listing price soared 17.2% year-over-year to a new high of $375,000 and homes sold lightning fast in a record low 43 days, according to the realtor.com® Monthly Housing Trends Report released today.
27 Apr, 2021
Rupert Murdoch's News Corp has abandoned plans to launch a traditional TV news channel in Britain after deciding it was not commercially viable, an emailed memo to staff shows. News Corp had been exploring opportunities in the TV market for content from News UK, its British newspaper publisher, over the past 18 months News UK Chief Executive Rebekah Brooks said in the memo.
26 Apr, 2021
News Corp will release its third quarter Fiscal 2021 results on Thursday, May 6, 2021. 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 5:00 p.m. EDT (Sydney: Friday, May 7, at 7:00 a.m. AEST). Reporters are invited to join the call on a listen-only basis.
The lack of homes for sale has hit a crisis-level in recent months, igniting fierce competition, bidding wars and driving prices to an all-time high -- but there's hope on the horizon for weary buyers, according to new survey data from realtor.com®. Findings show 10% of homeowners are planning to put their home on the market this year and an additional 16% are planning to list in 2-3 years.
23 Apr, 2021
World Wrestling's (WWE) first-quarter performance is hurt by the absence of live ticketed events.