Wednesday, September 26th 2018

NWS - News Corp

News Corporation (usually abbreviated to simply ‘News Corp’) (ASX: NWS)(NASDAQ: NWS)(NYSE: NWS)(LSE: NCRA) is an originally Australian, now North American and multinational, media conglomerate. It is the second-largest such company in the world, and it is also the third-largest entertainment company in the world.

News Corp was originally created in 1980 by current chairman and CEO Rupert Murdoch as a holding company for News Limited, which owned a string of highly profitable Australian newspapers as well as newspapers and magazines in London and New York and other media holdings. Since 1980 the company has continued to expand, with some setbacks, and is now a global media behemoth.

The industry segments that News Corp operates in are filmed entertainment, TV, cable network programming, direct broadcast satellite TV, integrated marketing services, newspapers and information services, and book publishing.

News Corps’ holdings include the following: HarperCollins book publishing; Australian newspapers including The Australian, The Daily Telegraph and the Herald Sun; the United Kingdom newspapers The Times and News of the World; the United States newspapers the New York Post and The Wall Street Journal; many Australian magazines; film production company 20th Century Fox; United States television network Fox; 39.1% of the United Kingdom satellite television provider BSkyB, and much, much more. Current total assets (2010) are approximately US$56 billion.

Currently, almost 70% of New Corp’s sales come from its businesses in the United States.

Headquarters for News Corp are in New York City, United States.

Revenue for the year ended 30 June 2009 was US$30.423 billion
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