Tuesday, 9 July, 2013 - 06:58
Divesting assets pays dividends
The success of the demerger process at two Australian businesses – News Corp and Brambles – has led to calls for more of them, with fingers again being pointed at Wesfarmers.
News Corporation (NWS) is a global diversified media and information services company focused on creating and distributing content to consumers and businesses.
The company comprises businesses across a range of media, including: news and information services, book publishing, digital real estate services, cable network programming in Australia, digital education and pay-TV distribution in Australia, that are distributed under brands, including The Wall Street Journal, Dow Jones, etc.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
345th | Quickstep Holdings | 40.87% | -21.81% |
346th | Image Resources | 40.61% | -15.38% |
347th | News Corporation | 40.44% | 20.65% |
348th | Shaver Shop Group | 40.43% | 25.31% |
349th | Wesfarmers | 40.37% | 15.89% |
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The success of the demerger process at two Australian businesses – News Corp and Brambles – has led to calls for more of them, with fingers again being pointed at Wesfarmers.
Investor interest in base metals stocks is rising, as iron ore process continue to slide south.
Digital media is growing its presence in WA's mass market as familiar names fight to stay relevant.
It’s the end of an era at Business News, with long-running columnist Joseph Poprzeczny calling time on his well-read column, State Scene.
The prospects of a Perth consumer newspaper monopoly are firming, with the Australian Competition and Consumer Commission preparing to review a tie-up between The West Australian and The Sunday Times.
Seven West Media has this morning confirmed plans to buy Perth’s The Sunday Times newspaper and the Perth Now website from Rupert Murdoch’s News Corporation.
The West Australian newspaper has announced staff cuts as parent group Seven West Media progresses its plans to buy The Sunday Times newspaper and Perth Now website from News Corporation.
Fairfax Media will record almost $1 billion of impairments when it reports its full-year results next week, with half the hit coming from the unit containing its Australian masthead newspapers.
Premier Colin Barnett has voiced his opposition to The West Australian’s proposed purchase of The Sunday Times as the competition watchdog raised concerns of its own.
News Corporation's full-year earnings have dropped about 28 per cent as growth in its real estate classifieds businesses fails to offset declines in news and book publishing.
The Australian share market has closed slightly higher, with the big banks holding up the bourse in light trading following a weak lead from US markets
Seven West Media can push ahead with its acquisition of News Corp's The Sunday Times and perthnow.com.au after the competition watchdog declared it won't hurt competition for consumers or advertisers.
Today’s news that the Australian Competition and Consumer Commission will allow Seven West Media to merge The West Australian with News Corporation’s The Sunday Times newspaper should come as no surprise – consumers have been losing interest in both for some time.
Netflix rival Presto will close at the end of January after Seven West Media agreed to sell its 50 per cent stake in the streaming service to co-owner Foxtel.
The competition watchdog is examining whether a Lachlan Murdoch-Bruce Gordon takeover of Ten Network Holdings will impact the television programming, sports broadcasting and advertising industries.
A decline in print advertising and foreign exchange fluctuations have contributed to a 2 per cent decline in media giant News Corp's full-year revenue.
The local share market has opened lower following negative sentiment in the US overnight where falls in technology stocks weighed on Wall Street.At 1030 AEDT on Friday, the benchmark S&P/ASX200 stock index was down 21.1 points, 0.4 per cent at 6,028.3 points.
Tech firm Servtech Global Holdings has announced the resignation of chief executive Brett Quinn, while appointing company secretary Derek Hall as a non-executive director and Simon Ingleson as general manager.
News Corporation and Telstra have struck a deal that will see Foxtel and Fox Sports will merge into a single company by the end of June, with current Foxtel chief executive Patrick Delaney at its head.
Foxtel and Fox Sports have merged into a single company two months earlier than expected.
ANALYSIS: A recent rise in share prices for listed retailers reflects some positive signs across the economy.
Telstra will take a $300 million impairment charge on its 35 per cent stake in Foxtel after the majority owner of the pay TV network, News Corp, wrote down its value.
Nine Entertainment and Seven West Media have stepped up their calls for the federal government to regulate social media giants Facebook and Google.
Decision time is looming as iron ore majors seek to lift export capacity.
Facebook is expected to follow Google in striking lucrative lump sum deals with Australian media companies to avoid being stung under world-first laws.
Treasurer Josh Frydenberg has lashed Facebook for its heavy-handed censorship of Australian news and information.
Treasurer Josh Frydenberg says Facebook's ban on Australian news and information should be a wake-up call for the rest of the world.
Australia's world-first news media bargaining code will soon be in force after legislation cleared federal parliament.
News has returned to Australian Facebook feeds with the social media behemoth dropping its ban after reaching a deal with the federal government.
Facebook has struck content deals with Australia's two largest media companies, News Corp and Nine Entertainment, following the recent introduction of bargaining laws.
The NBL has made its biggest media deal in history after striking partnerships with ESPN, Foxtel and News Corp.
Labor dominated Facebook and Instagram feeds across WA last week, trumping the Liberal Party's social media advertising outlay in the state by a nearly two-to-one margin.
Profits at Rupert Murdoch's publishing and media giant, News Corp, topped $A1 billion for the 2021/22 financial year.
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