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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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February 11, 2016
05:54 EDTNWSAStoryful's Aine Kerr to manage journalism partnerships at Facebook
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February 10, 2016
19:11 EDTNWSAYahoo layoffs begin, CEO Mayer not making sale process easy, Re/code says
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February 5, 2016
09:31 EDTNWSA, NWSANews Corp. upgraded to Buy from Outperform at CLSA
February 4, 2016
16:12 EDTNWSANews Corp. reports Q2 Digital Real Estate Services revenue up 35% to $208M
Reports "robust traffic" at realtor.com. Reports News and Information Services revenue down 8% to $1.4B. Reports Book Publishing revenue down 5% to $446M. Reports Cable Network Programming revenue down 5% to $106M.
16:10 EDTNWSANews Corp. says print advertising challenged, developing new ad products
"In our News and Information Services segment, print advertising remained challenged, but we are seeing growth in digital advertising and circulation revenues. We are particularly focused on cost reductions and sharing services around News Corp. to streamline operations at the newspapers in Australia and the U.K. Unruly, the viral digital advertising company acquired late last year, has been swiftly integrated into many of our companies, bringing cutting-edge metrics and a savvy social sensibility. We are developing advertising products for clients keen to benefit from the rise of video and mobile... Macro-economic conditions in most of our markets have not been auspicious," remarked News Corp.
16:08 EDTNWSANews Corp. reports Q2 adjusted EPS 20c, consensus 21c
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14:35 EDTNWSANotable companies reporting after market close
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06:28 EDTNWSANews Corp not interested in Yahoo acquisition, Business Insider says
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February 1, 2016
08:20 EDTNWSATwitter jumps after The Information breaks potential deal
Shares of Twitter (TWTR) are rising in pre-market trading after tech reporter Jessica Lessin said private equity firm Silver Lake and investor Marc Andreessen and have "considered some sort of deal" for the microblog service operator. WHAT'S NOTABLE: Lessin said in her report published on her site, The Information, that she did not know if deal considerations are "active" now with Andreessen and private equity firm Silver Lake. Silver Lake calls itself "the global leader in technology investing," stating that it has over $26B in combined assets under management. FREQUENT SPECULATION TARGET: Twitter has often been the subject of takeover rumors in the past year. Last April, Re/code's Kurt Wagner reported that Google (GOOG) and Facebook (FB) had looked at a potential acquisition of Twitter in the past, but noted at that time that neither tech giant was in discussions to acquire the social network owner. On January 20, News Corp. (NWSA) declined comment to CNBC regarding speculation about its potential interest in acquiring Twitter. Speculation also circulated the same day regarding an activist investor taking an interest in Twitter, trading sources told The Fly. PRICE ACTION: In pre-market trading near 8:15 am ET, Twitter rose 7% to $18 per share.
January 29, 2016
06:14 EDTNWSASky names James Murdoch chairman, WSJ reports
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