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MarketScreener Homepage  >  Equities  >  Nasdaq  >  News Corporation    NWSA

NEWS CORPORATION

(NWSA)
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Delayed Quote. Delayed Nasdaq - 02/27 04:00:00 pm
11.93 USD   -3.24%
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News Corp : Pledges AUD$5 Million to Australian Bushfire Relief

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01/13/2020 | 05:00pm EST

Contribution to Benefit Firefighters and Provide Immediate and Long-Term Relief for Local Communities

News Corp announced today that it will make an initial AUD$5 million contribution to Australian bushfire relief.

The funds will be directed to charitable organizations in Australia benefiting local firefighters, providing emergency services to communities affected by the fires, and participating in the long-term revival of those communities.

“It is clear that confronting the bushfire disaster in Australia requires both an immediate response and an ongoing investment in rebuilding the lives and livelihoods of those most affected by the fires across the country,” said Rupert Murdoch, Executive Chairman. “As a company with roots in Australia and an abiding commitment to its people and communities, we are determined to help, both in this time of great need, and well into the future, as the hard work of restoration continues.”

“Our journalists and editors around Australia have done an extraordinary job of tracking the tragic fires and their profound impact on individuals, communities and the environment,” said Robert Thomson, Chief Executive. “Our company also has an important role to play in supporting our firefighters and the long-term renewal of communities hardest hit by the tragedy. The funds allocated will be targeted at ensuring those communities and their people have material support as they begin the task of rebuilding after suffering unfathomable losses.”

News Corp’s AUD$5 million pledge is in addition to other commitments being made by the company, its businesses and people, including:

  • Rupert and Jerry Murdoch have pledged AUD$2 million to Australian bushfire relief;
  • Lachlan and Sarah Murdoch last week pledged AUD$2 million to rural relief and recovery efforts;
  • On January 21, News Corp Australia will dedicate proceeds from the sale of every metro newspaper and advertisements placed in them that day (and on January 22 for The Weekly Times) to bushfire appeals, with a goal of raising in excess of AUD$1 million. News Corp Australia has also previously donated AUD$50,000 to the Salvation Army and the Red Cross;
  • Foxtel, majority owned by News Corp, will donate the proceeds from special advertising packages for its broadcast of bushfire charity events held by Cricket Australia, the AFL and NRL to assist people and communities affected by the bushfires. This will include advertising associated with the Fire Fight concert in February. This effort is expected to raise up to AUD$500,000. Foxtel has also made an AUD$100,000 donation to the Red Cross;
  • REA Group, majority owned by News Corp, has donated to the Red Cross Bushfire Appeal, and announced a Bushfire Relief Support Package for REA Group customers; and
  • News Corp is contributing USD$50,000 to the American Australian Association’s Bushfire Relief Fund in conjunction with its 2020 Arts Awards on January 30 in New York.

About News Corp

News Corp (NASDAQ:NWS) (NASDAQ:NWSA) (ASX:NWS) (ASX:NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: news and information services, subscription video services in Australia, book publishing and digital real estate services. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://www.newscorp.com.


© Business Wire 2020
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Financials (USD)
Sales 2020 9 726 M
EBIT 2020 462 M
Net income 2020 -58,8 M
Finance 2020 424 M
Yield 2020 1,59%
P/E ratio 2020 -106x
P/E ratio 2021 28,1x
EV / Sales2020 0,69x
EV / Sales2021 0,61x
Capitalization 7 091 M
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Technical analysis trends NEWS CORPORATION
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 9
Average target price 14,88  $
Last Close Price 11,93  $
Spread / Highest target 50,9%
Spread / Average Target 24,7%
Spread / Lowest Target 0,59%
EPS Revisions
Managers
NameTitle
Robert James Thomson Chief Executive Officer & Director
Lachlan Keith Murdoch Co-Chairman
Keith Rupert Murdoch Executive Co-Chairman
Susan Lee Panuccio Chief Financial Officer
David Kline Chief Technology Officer & Executive VP
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