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Business Description: News Corporation Limited (NWS) is a diversified global media company engaged in the publication of newspapers, magazines and books; production and distribution of movies and TV series; TV broadcasting; cable and satellite subscriber TV; and owns and develops internet properties. NWS operates primarily in Europe, Australia, Asia and America.
Strategy Analysis: NWS seeks to create unique content and control its delivery. News Corp. generates cash from its 'old media´ properties, including newspapers, book publishing, and filmed entertainment. The firm reallocates most of this cash to its faster-growing assets like its cable television networks. The company is not afraid to make acquisitions to enter new businesses or bolster existing ones. An example is the bid made for the 61% of British Sky Broadcasting that it does not own, even though this bid collapsed under the repercussions of the phone tapping scandal.
News Corporation reported NPAT of US$4.61bn for the half-year ended 31 December 2012. Revenues from ordinary activities were US$17.56bn, up 3.7% from the same period last year. Basic and Diluted EPS was US$1.96 compared to 70.0 US cents last year. Net operating cash flow was US$971m compared to US$596m last year. The interim dividend declared was 8.5 US cents, in line with 8.5 US cents last year.
A property trust allows you to buy 'units' in an investment operated by a professional investment manager. This Guide will help you understand the risks and decide whether to invest your money.
The Age 20/05/2013 |
It is getting virtually impossible to find an expert who believes global equity markets are a risky place to invest. As markets on all continents grind higher and higher, the bears are in danger of becoming extinct and the Winston Churchill "voice in the wilderness" warning us of the troubles ahead seems to have departed the scene. When everyone is in agreement, we should start to get a little worried.
The Age 20/05/2013 |
Tiger Australia has continued to narrow its losses due to stronger returns from fares and is operating without restrictions from air-safety authorities.
The Age 20/05/2013 |
When it comes to forecasting the economy - and thereby the budget balance - the econocrats of the Reserve Bank and Treasury are on a hiding to nothing.
The Age 20/05/2013 |
Markets ought to be about competition. To quote historian Niall Ferguson, they should ensure the survival of the fittest, not the fattest.
The Age 20/05/2013 |
Investment bank Morgan Stanley Smith Barney is being sued after losing more than $5 million from the super accounts of two private clients with a series of "aggressive, highly speculative and high-risk" trades using derivatives and share options.
Sydney Morning Herald 20/05/2013 |
It is getting virtually impossible to find an expert who believes global equity markets are a risky place to invest. As markets on all continents grind higher and higher, the bears are in danger of becoming extinct and the Winston Churchill "voice in the wilderness" warning us of the troubles ahead seems to have departed the scene. When everyone is in agreement, we should start to get a little worried.
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