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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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March 2, 2015
07:51 EDTNWSANews Corp likely to rehire Rebekah Brooks to lead digital efforts, NY Times says
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February 26, 2015
14:06 EDTNWSANY Daily News hires Lazard to explore sale, Buzzfeed reports
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February 24, 2015
15:15 EDTNWSAZillow granted temporary order to keep ListHub listings on Trulia, Inman reports
Zillow Group (Z) has been granted a temporary restraining order to continue receiving listings from ListHub, which is owned by a News Corp. (NWSA) subsidiary, reported real estate industry publication Inman, citing a statement from Trulia president Paul Levine. In a statement, ListHub owner Move Inc. said, “We look forward to another ‘liberating moment’ for Zillow on March 12, when we will have the opportunity to make our full case in court. In the meantime, we are happy to continue supplying the industry’s best data.” Reference Link
February 20, 2015
14:36 EDTNWSAZillow sues to maintain ListHub listings on Trulia, GeekWire reports
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