Newscorp - Final Thoughts

Ticker Symbol: NWS

Final Thoughts

Media outlets are battling a climate of declining advertising spending. News Corp’s further move into print media with its acquisition of Down Jones and its Wall Street Journal left most investors scratching their heads.

Murdoch blamed declining ad revenue and weak consumer demand for DVDs and books for its dire Q2 results. News Corp announced it will cut 800 positions at its Fox divisions to save $400 million this year.

Questions remain for the multinational media outlet. The company still has a significant portion of overhanging stock (Which could be solved via a share buyback using available cash on hand), the question of extending COO Peter Chernin’s contract, and the ongoing experiment with some of its newspapers and media sources that are losing money hand over fist.

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