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Stock Market & Financial Investment News

News Breaks
May 24, 2013
17:26 EDTNWSANews Corp. to take $1.2B-$1.4B charge in Q4 related to publishing segment
On May 24, News Corporation disclosed in a regulatory filing that it concluded that certain of its goodwill and intangible assets were potentially impaired and that it expects to record a pre-tax non-cash impairment charge in the range of $1.2B-$1.4B in Q4 related to its publishing segment. The company tests goodwill for impairment on an annual basis in Q4 and at other times if a significant event or change in circumstances indicates that it is more likely than not that the fair value of these assets has been reduced. During Q4, the Company adjusted its future outlook and related strategy principally with respect to the Australian publishing business and secondarily with respect to the U.S. publishing businesses which resulted in a reduction in expected future cash flows. As a result, the company determined that the fair value of these reporting units declined below their respective carrying values and expects to record an impairment charge in the quarter. Additionally, goodwill and intangible assets in the publishing segment continue to be at risk for future impairment.
News For NWSA From The Last 14 Days
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August 30, 2015
19:40 EDTNWSAU.K. newspaper groups to launch GBP3M joint ad campaign, Guardian says
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19:30 EDTNWSAU.K. weighs phone hacking charges against News Corp., AP says
England's Crown Prosecution Service has received a "full file of evidence for consideration of corporate liability charges" from British police related to the 2011 phone hack scandal at News Corp.'s News of the World, reports the Associated Press. Reference Link
18:39 EDTNWSARebekah Brooks to return as News Corp. U.K. CEO, FT says
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August 28, 2015
06:28 EDTNWSAProsecutor wants to summon Murdoch, others in Deutsche Bank case, Reuters says
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August 23, 2015
15:40 EDTNWSANews Corp. eyeing advertising technology start-up, Telegraph says
Former News International CEO Rebekah Brooks has returned to News Corp. and is working on a deal to acquire a U.K.-based advertising technology start-up, reports the Telegraph, citing finance sources. Reference Link
August 17, 2015
10:10 EDTNWSAHigh option volume stocks
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