News Corporation
News Corporation (officially referred to and trading as News Corp) is
an American multinational mass media company, formed as a spin-off of
the former
News Corporation
News Corporation (as founded by
Rupert Murdoch
Rupert Murdoch in 1979)
focusing on newspapers and publishing.[2] It is one of two companies
which succeeded the former News Corporation, alongside 21st Century
Fox—which consists of the old News Corporation's broadcasting and
media properties, such as Fox Entertainment Group. The spin-out was
structured so that
21st Century Fox
21st Century Fox would be the legal successor and
continuation of the old News Corporation, with the new
News Corp
News Corp being
an entirely new company formed by a stock split.
Contents
1 History
1.1 Formation
1.2 After the split
2 Assets
3 See also
4 References
5 External links
History[edit]
Formation[edit]
On June 28, 2012,
Rupert Murdoch
Rupert Murdoch announced that News Corporation's
publishing operations would be spun off to form a new, publicly traded
company.[3][4] Murdoch stated that performing this split would "unlock
the true value of both companies and their distinct assets, enabling
investors to benefit from the separate strategic opportunities
resulting from more focused management of each division." The move
also came in the wake of a series of scandals that had damaged the
reputation of multiple News Corporation-owned properties.[3][5] Robert
James Thomson, editor of The Wall Street Journal, was announced as the
initial chief operating officer for the company; while Murdoch would
not serve as CEO, he remained chairman and a shareholder of the new
News Corp.[3][6] Thomson promised that the new company would
"cultivate a start-up sensibility even though we already work for the
world's most established and prestigious diversified media and
information services company", and would emphasize building new
business models around its properties and content.[7] The logo of the
new
News Corporation
News Corporation was unveiled at an investor presentation on May
28, 2013; the handwritten logo uses script based on Murdoch's own
handwriting.[7]
News Corp's board approved the split on May 24, 2013, while
shareholders approved the split on June 11;[5][8][9] Preliminary
trading on the
Australian Securities Exchange
Australian Securities Exchange of the new News Corp's
class B stock began on June 19, 2013, at around $15 per share; a value
slightly lower than expected by some analysts. The shares fell in
price by 3% to $14.55 per share, valuing the new company at around
$7.9 billion US.[10][11] The corporate split was finalized on June 28,
2013; during the stock splitting process, one share of the new News
Corp was given to shareholders for every four shares they owned in the
former News Corp.[11] The new
News Corp
News Corp began trading on the NASDAQ
stock exchange under the symbol "NWS" on July 1, 2013; at the same
time, the former
News Corporation
News Corporation (now consisting purely of media
properties, such as
Fox Entertainment Group
Fox Entertainment Group and 20th Century Fox) was
renamed 21st Century Fox.[12][13]
After the split[edit]
On September 4, 2013,
News Corp
News Corp announced that it would sell the Dow
Jones Local Media Group, a group of 33 local newspapers, to Newcastle
Investment Corp.—an affiliate of Fortress Investment Group, for $87
million. The newspapers will be operated by GateHouse Media, a
newspaper group owned by Fortress. Robert Thomson indicated that the
newspapers "were not strategically consistent with the emerging
portfolio" of the company.[14] GateHouse then filed for prepackaged
Chapter 11 bankruptcy on September 27, 2013, to restructure its debt
obligations in order to accommodate the acquisition.[15] then
GateHouse emerged from bankruptcy on November 26, 2013.
On December 20, 2013,
News Corp
News Corp announced its acquisition of Mark
Little's Storyful, a news agency specializing in verifying and
distributing user-generated content relating to news events from
social networking services, for $25 million, marking News Corp's first
acquisition since the split. Robert Thomson stated that the service
had "become the village square for valuable video, using journalistic
sensibility, integrity and creativity to find, authenticate and
commercialise user-generated content", and that with the purchase,
News Corp
News Corp would "define the opportunities that the digital landscape
presents, rather than simply adapt to them."[16][17]
On May 2, 2014,
News Corp
News Corp acquired romance novel publisher Harlequin
Enterprises from
Torstar
Torstar for $415 million.[18] The deal closed on
August 1; it is now operated as a subsidiary of News Corp's
HarperCollins.[19] On September 30, 2014,
News Corp
News Corp announced its
acquisition of Move, Inc., a real estate listings company and owner of
Realtor.com. A 20% stake is owned by REA Group, a publicly traded
subsidiary of
News Corp
News Corp Australia.[20]
News Corp
News Corp also began making multiple investments in India, such as a
$30 million investment in real estate site ProTiger in November
2014,[21] the December 2014 purchase of BigDecisions.com, a financial
planning website,[22] and the acquisition of Indian media firm
VCCircle
VCCircle in March 2015.[23]
In October 2015,
News Corp
News Corp sold its digital education brand Amplify
Education to a management team supported by a group of private
investors for an undisclosed sum.[24] On June 2016,
News Corp
News Corp acquired
UK radio station group,
Wireless Group
Wireless Group for $296 million[25][26]
In February of 2018, it was announced that
News Corp
News Corp would be spinning
off
21st Century Fox
21st Century Fox to merge with Disney, pending regulatory
approval[27].
Assets[edit]
Main article: List of assets owned by News Corp.
The company consists primarily of the former News Corp's newspaper and
book publishing assets, and includes:[10][28]
Dow Jones & Company, a New York City-based financial publisher,
and owners of the Wall Street Journal,
MarketWatch
MarketWatch and Barron's
News Corp
News Corp Australia, an Australian newspaper and magazine publisher,
and owners of Fox Sports Australia and a stake in pay-TV provider
Foxtel
Foxtel and classifieds company REA Group
News UK, a British newspaper publisher
New York Post, a daily newspaper in
New York City
New York City acquired by Rupert
Murdoch in 1976.
HarperCollins, a major book trade publisher
News America Marketing, a distributor of advertising and coupon
promotions
Wireless Group, a British radio station group
See also[edit]
21st Century Fox
References[edit]
^ a b "New Newscorp - Annual Report".
^ "
Rupert Murdoch
Rupert Murdoch Biography". Bio. Retrieved July 10, 2014.
^ a b c "
News Corp
News Corp confirms plan to split the media giant". BBC News.
June 28, 2012. Retrieved June 28, 2012.
^ "News Corp. Will Use Fox Name as Breakup Proceeds". Bloomberg L.P.
Retrieved December 3, 2012.
^ a b "News Corp. board approves company split, set for June 28". Los
Angeles Times. Tribune Company. Retrieved May 25, 2013.
^ "New News is good news, says mogul". Business Day. Fairfax Media.
Retrieved May 29, 2013.
^ a b Szalai, Georg (May 28, 2013). "News Corp. Unveils Post-Split
Logo Based on Rupert Murdoch's Handwriting". The Hollywood Reporter.
Prometheus Global Media. Retrieved May 29, 2013.
^ Wall, Matthew (June 11, 2013). "
News Corp
News Corp shareholders vote to split
company into two". BBC News. Retrieved June 11, 2013.
^ "News Corp. plans June 11 shareholder vote on company split". Los
Angeles Times. Retrieved May 14, 2013.
^ a b "New
News Corp
News Corp starts trading at $15 per share". The Australian.
Retrieved June 19, 2013.
^ a b "'New News Corp' makes muted stock market debut". Retrieved June
19, 2013.
^ "
News Corp
News Corp officially splits in two". BBC News. Retrieved June 29,
2013.
^ "
Rupert Murdoch
Rupert Murdoch splits empire but keeps faith in tomorrow's
newspapers". The Guardian. June 18, 2013. Retrieved June 18,
2013.
^ "News Corp. sells 33 papers to New York investors". New York
Business Journal. Retrieved September 4, 2013.
^ "GateHouse Files for Bankruptcy as Part of Fortress Plan".
Bloomberg.
^ "
News Corp
News Corp Makes Social-Media Push". Wall Street Journal. Retrieved
December 27, 2013.
^ "
News Corp
News Corp buys Storyful for £15m". The Guardian. Retrieved
December 27, 2013.
^ "News Corp. to Buy Harlequin for $415M". ABC News. May 2, 2014.
Retrieved May 2, 2014.
^ "
Torstar
Torstar Corporation Completes Sale of Harlequin Enterprises
Limited".
^ "News Corp. to Buy Move, a Real Estate Listings Site". The New York
Times. September 30, 2014. Retrieved September 30, 2014.
^ "
News Corp
News Corp Makes First Investment in India, Putting $30M into Real
Estate Site PropTiger". TechCrunch. AOL. Retrieved July 31,
2015.
^ "
News Corp
News Corp Buys India-Based Financial Planning Service
BigDecisions.com". TechCrunch. December 21, 2014. Retrieved December
21, 2014.
^ "
News Corp
News Corp acquires Indian media firm
VCCircle
VCCircle Network". Business
Standard. March 10, 2015. Retrieved March 10, 2015.
^ "
News Corp
News Corp sells digital education brand Amplify". Reuters.
September 30, 2015.
^ "
News Corp
News Corp Buys
Wireless Group
Wireless Group for $296 Million". Wall Street
Journal. June 25, 2016. Retrieved July 27, 2016.
^ "News Corp. Moves into Radio, Acquires U.K. Giant Wireless Group".
Variety. July 1, 2016. Retrieved July 27, 2016.
^ Sweney, Mark (December 14, 2017). "Disney-Fox deal: what it means
for the Murdochs and their media empire". the Guardian.
^ Sweney, Mark (December 21, 2012). "News Corp's head of demerged
newspaper arm may take home £2.5m". The Guardian. Retrieved December
26, 2012.
External links[edit]
Official website
Business data for News Corp: Google Finance
Yahoo! Finance
Reuters
SEC filings
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News Corp
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Dow Jones & Company
National consumer products
Barron's
Financial News
Heat Street
MarketWatch.com
BigCharts
VSE
Vedomosti
The Wall Street Journal
The Wall Street Journal
The Wall Street Journal Asia
The Wall Street Journal
The Wall Street Journal Europe
Wall Street Journal
Wall Street Journal Radio Network
WSJ.
Enterprise products
Factiva
S&P Dow Jones Indices (2.6%)
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HarperCollins
United States
Avon
Caedmon
Ecco
Harper
Harper Perennial
I Can Read!
William Morrow and Company
United Kingdom
William Collins, Sons
Collins Bartholomew
The Friday Project
Leckie & Leckie
Australia
Angus & Robertson
Christian
BibleGateway.com
Thomas Nelson
Women of Faith
Zondervan
Canada
Harlequin Enterprises
Love Inspired
Mira
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News Corp
News Corp Australia
Metropolitan
newspapers
The Australian
The Daily Telegraph (Sydney)
Herald Sun
The Courier-Mail
The Sunday Mail (Brisbane)
The Advertiser (Adelaide)
Sunday Mail (Adelaide)
The Sunday Times
The Sunday Times (Western Australia)
The Mercury (Hobart)
Northern Territory News
mX (newspaper)
Community
newspapers
Leader Community Newspapers
Leader Community Newspapers (Victoria)
NewsLocal (NSW)
Quest Community Newspapers (Queensland)
Messenger Newspapers
Messenger Newspapers (South Australia)
Community
Newspaper
Newspaper Group (Western Australia)
Regional
newspapers
Geelong Advertiser
Gold Coast Bulletin
The Cairns Post
Townsville Bulletin
Magazines
Big League
GQ Australia
Vogue Australia
Television
channels
Fox Sports Pty Limited
Fox Sports
Fox Footy
Fox League
Fox Sports News
Australian News Channel
Sky News Live
Sky News Business Channel
Sky News Weather Channel
A-PAC
Professional sports
Brisbane Broncos
Brisbane Broncos (68.87%)
Other properties
Australian Associated Press (45%)
Newspoll
Newspoll (polling brand)
Papua New Guinea Post-Courier
Papua New Guinea Post-Courier (63%)
REA Group (61.6%)
Foxtel
Foxtel (50%)
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News UK
The Times
The Sunday Times
The Sun
The Times
The Times Literary Supplement
Wireless Group
Other assets
Move
New York Post
News America Marketing
News Outdoor Group
Texture (partial)
See also List of assets owned by News Corp, 21st Century Fox, News
Corporation
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21st Century Fox
Corporate directors
Rupert Murdoch
Rupert Murdoch (Executive Co-Chairman)
Lachlan Murdoch
Lachlan Murdoch (Executive Co-Chairman)
James Murdoch
James Murdoch (CEO)
Chase Carey
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Fox Entertainment Group
20th Century Fox
20th Century Fox
20th Century Fox Animation
20th Century Fox
20th Century Fox Home Entertainment
Fox Star Studios
Blue Sky Studios
Fox Searchlight Pictures
Fox Studios Australia
Fox Music
Fox Television Group
20th Century Fox
20th Century Fox Television
20th Television
Fox 21 Television Studios
Fox Television Animation
Fox Broadcasting Company
Endemol
Endemol Shine GroupJV
Endemol
USA
Authentic Entertainment
True Entertainment
51 Minds Entertainment
UK
Tiger Aspect Productions
Zeppotron
Australia
India
Shine Group
Bossa Studios
ChannelFlip
Dragonfly
Friday TV
Kudos
Metronome
Princess Productions
Shine America
Shine TV
CORE
Media Group
19 Entertainment
Sharp Entertainment
Fox News
Fox News Group
Fox News
Fox News Channel
Fox Business Network
Fox News
Fox News Radio
Fox Nation
Fox Television Stations
Movies!JV
MyNetworkTV
Fox Television Stations
Fox Television Stations Productions
Fox
KDFW
KMSP
KRIV
KSAZ
KTBC
KTTV
KTVU
WAGA
WFLD
WJBK
WJZY
WNYW
WOFL
WOGX
WTTG
WTVT
WTXF
MyNetworkTV
KCOP
KDFI
KTXH
KUTP
WDCA
WFTC
WMYT
WPWR
WRBW
WWOR
Other
WPWR (CW)
KICU (Ind.)
Fox Networks
Group
FX Networks
FX
FXX
FX Movie Channel
Fox Sports
Big Ten NetworkJV
Fox Deportes
Fox Sports Networks
Fox Sports 1
Fox Sports 2
Fox Soccer Plus
Fox College Sports
YES Network
Fox Networks
Group
International
Fox
Asia
Bulgaria
Finland
Germany, Austria and Switzerland
Greece and Cyprus
India
Italy
Latin America
Arabia
Netherlands
Poland
Portugal
Balkans
Spain
Turkey
UK and Ireland
Hungary
Norway
Russia
Estonia
Lithuania
Latvia
Sweden
Belgium
Fox Life
Asia
Bulgaria
Croatia
Greece and Cyprus
Italy
India
Latin America
Portugal
Spain
Turkey
FX
Australia
Asia
CanadaJV
Latin America
Turkey
Fox Sports
Africa
Asia
Australia
Fox Sports and EntertainmentJV (Japan)
Brazil
Europe
Italy
Latin America
Middle East
NetherlandsJV
Fox Sports Eredivisie
Fox Sports International
Philippines
Fox Sports Racing (Canada and Caribbean)
Turkey
JTBC3 Fox SportsJV (South Korea)
Fox Sports News (Australia)
Fuel TV (Europe, Middle East and Africa)
Fox Footy
.svg/400px-Fox_Footy_logo_(2015).svg.png)
Fox Footy (Australia)
Fox League
Fox League (Australia)
National
Geographic
National Geographic
Africa
Asia
Australia and New Zealand
Brazil
CanadaJV
France
Germany
Greece
India
Latin America
Netherlands
Portugal
Scandinavia
South Korea
UK and Ireland
Turkey
Nat Geo WildJV
Canada
Europe
Latin America
Nat Geo Mundo
Nat Geo People
Nat Geo Music
Nat Geo Kids
Spanish Latin America
Brazil
FXX
CanadaJV
Fox Crime
Asia
Bulgaria
Italy
Portugal
Serbia
Turkey
Fox Comedy
Italy
Poland
Portugal
MENA
Fox Movies
MENA
Portugal
Balkans
Japan
Asia
24Kitchen
Netherlands
Portugal
Turkey
Fox Premium
Brazil
Latin America
Other
Channel V
Fox Action Movies
Fox Family Movies
TVNJV (Asia)
Fox Animation (Italy)
BabyTV
Fox Classics (Japan)
Fox Filipino
Fox Kids
Fox Kids (Finland)
FXM (Latin America)
Viajar
Viajar (Spain)
Voyage (France)
YourTV
YourTV (UK and Ireland)
STAR TV
Star World
Premiere
Star Movies
Action
Star Sports
China
India
Star Plus
UK and Ireland
Movies OK
Star Bharat
Star Utsav
Star Gold
Star Vijay
Star Vijay (81%)
Star Jalsha
Star Pravah
Jalsha Movies
Asianet
Asianet Communications
Asianet
Asianet
Asianet Plus
Asianet
Asianet Suvarna
Asianet
Asianet Movies
Star Chinese Movies
Star Chinese Channel
Star Entertainment Channel
Phoenix Television
Phoenix Television (17.6%)
Phoenix InfoNews Channel
Phoenix Movies Channel
Phoenix Hong Kong Channel
Phoenix Chinese News and Entertainment Channel
Phoenix North America Chinese Channel
Fox Sports
Digital Media
FoxSports.com
Investments
Fox Telecolombia
Fox Telecolombia (51%)
Other
Fox Digital Entertainment
Zero Day Fox
20th Century Fox
20th Century Fox World (Malaysia) (license to Resort World by Genting
Group)
20th Century Fox
20th Century Fox World (Dubai)
Defunct
20th Century Fox
20th Century Fox Records
20th Century Fox
20th Century Fox Video
Bem Simples
CBS/Fox Video
ESPN Asia
ESPN Philippines
ESPNews Asia
Fox Atomic
Fox Animation Studios
Foxstar Productions
Fox Faith
Fox Football Channel
Fox Footy
Fox Footy Channel
Fox Interactive
Fox Kids
Fox Life
Fox Life Netherlands
Fox Movie Channel
Fox Next
Fox Reality Channel
Fox Sports Houston
Fox Sports News Asia
Fox Sports Türkiye
Fox Sports World Canada
Fox Soccer
Fox 21 Television Studios
Fox Video
FSN Chicago
Fuel TV Australia
Fuel TV Portugal
FX Greece
FX India
GXT
Life OK
Metromedia
MTM Enterprises
MBC3
MTV
Nat Geo y Yo
New World Pictures
Prime Network
Regency Television
Speed
Speed Australia
Speed Latin America
Star One
SportsChannel America
Utilísima
Viva Cinema
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Star Group
China
Star Chinese Channel
Star Chinese Movies
Star Sports
Star Sports
Star Sports 2
Star Entertainment Channel
Xing Kong (47%)
Fortune Star
India
Channel [V] India
Star Bharat
Star Gold
Star Jalsha
Star Movies
Star Movies
Star Movies Action
Jalsha Movies
Life OK
Movies OK
Star Plus
UK
Star Pravah
Star Utsav
Star World
Star World Premiere
Star Sports
Star Suvarna
Asianet
Asianet Communications
Asianet
Asianet
Asianet Plus
Asianet
Asianet Movies
Asianet
Asianet Middle East
Hathway
Hathway (17%)
Star Vijay
Star Vijay (81%)
Star Utsav
Star Utsav Movies
MAA TV
Tata Sky (30%)
Star Select
Broadcast Middle East (50%)
Farsi1
Zemzemeh
Rotana (15%)
Investments and
joint ventures
Sky (39.1%)
STAR DEN (50%)
Hulu
Hulu (36%, Joint venture with NBCUniversal,
Time Warner
Time Warner and The Walt
Disney Company)
National Geographic Partners (73%, Joint venture with the National
Geographic Society)
See also: List of assets owned by 21st Century Fox, News Corp, News
Corporation, Proposed acq