New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 6, 2013
12:55 EDTNWSAEarnings Preview: News Corp. trades higher ahead of publishing spin-off
News Corp. (NWSA) is scheduled to report Q2 earnings after the market closes on Wednesday, February 6, with a conference call scheduled for 4:30 pm ET. News Corp. is a global media company that operates the Fox News and Fox Sports channels, Fox Filmed Entertainment which includes Twentieth Century Fox, and publishes the Wall Street Journal, among other media, entertainment, and publishing interests... EXPECTATIONS: Analysts are looking for EPS of 42c on revenues of $9.27B, according to First Call. The consensus range for EPS is 40c-45c on revenue of $9.15B-$9.5B... LAST QUARTER: News Corp. reported Q1 adjusted EPS of 43c against estimates for 38c on revenue of $8.14B against estimates for $8.26B. On its Q1 conference call, News Corp. said results continue to be driven by its cable channels business. The company also said it is targeting $3B-$4B per year in stock repurchases. In December, News Corp. announced its intention to split into two publicly traded companies, with Robert Thomson to be named CEO of News Corporation, which will include the company's publishing interests, while Rupert Murdoch will serve as CEO of Fox Group, which will include the company's media and entertainment interests... STREET RESEARCH: Analyst commentary since News Corp.'s Q1 earnings has been positive, with shares most recently upgraded on January 28 to Overweight from Equal Weight at Morgan Stanley with a $32 price target. Morgan Stanley also added News Corp. to its Best Ideas list, citing opportunities for growth following the publishing spin-off, which is expected by the middle of this year. Earlier in January, Bernstein upgraded shares to Market Perform from Outperform. The day after its Q1 report, CLSA upgraded shares to Buy from Outperform... PRICE ACTION: Shares of News Corp. are up over 16%, since the first day of trading following its Q1 report, but are down 0.4% in midday trading ahead of this afternoon's Q2 report.
News For NWSA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 30, 2015
09:59 EDTNWSATribune Publishing disputes Murdoch tweet, says not in talks to sell
Shares of multi-platform media and marketing solutions company Tribune Publishing (TPUB) are surging in morning trading after Rupert Murdoch said that the company would likely be sold, However, Tribune has come out in response to state that it is not in discussions to sell the company. WHAT'S NEW: On Friday, Rupert Murdoch, the chairman and chief executive officer of News Corp (NWSA, NWS), said in a tweet that there was "strong word" that Tribune would be sold and that the LA Times would be spun off to a local group involving philanthropist Eli Broad. In an e-mailed message to employees on Monday, Tribune said it wanted to address the rumor regarding a potential purchase of the company, and said that "While our policy is not to comment on rumors, given the source of this speculation and the fact that it has received considerable public attention, the company believes a statement to employees is warranted." Tribune reaffirmed that it is committed to its strategy and transformation plan and that it is not engaged in talks or a process to sell the company. WHAT'S NOTABLE: Newsonomics' Ken Doctor reported that private equity firm Apollo Global Management (APO) approached Tribune "about a month ago," telling Tribune's Chairman Eddy Hartenstein about its interest in buying the company. Doctor notes that Tribune was "non-responsive" to requests for talks, and was "unwilling to schedule meetings or provide deeper-than-public financials." Doctor believes that, given Tribune's market capitalization and debt, a purchase price could be in the $650M-$750M range. Tribune has reportedly engaged a small group of newspaper veterans to "plot its next strategy, should an acquisition be finalized." PRICE ACTION: Tribune Publishing is up 9.2% to $10.14 in morning trading. OTHERS TO WATCH: Shares of other newspaper publishers, including McClatchy (MNI) and Gannett (GCI), are also higher this morning.
November 29, 2015
19:31 EDTNWSAMurdoch says Tribune newspaper group likely to be acquired
Subscribe for More Information
November 20, 2015
13:00 EDTNWSADow Jones, Pearson to sell stakes in Vedomosti
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use