NWSA

News Corp

TMT


Presented:06/22/2017
Price:$13.45
Cap:$7.82B
Current Price:$26.47
Cap:$15.07B

Presented

Date06/22/2017
Price$13.45
Market Cap$7.82B
Ent Value$6.38B
P/E Ratio1.48x
Book Value$19.15
Div Yield0.02%
Shares O/S581.60M
Ave Daily Vol1,847,848
Short Int1.55%

Current

Price$26.47
Market Cap$15.07B
News Corp. engages in the creation and distribution of media, news, education, and information services. It operates through the following segments: News and Information Services, Book Publishing, Digital Real Estate Services, Cable Network Programming, and Other. The News and Information Services segment consists of Dow Jones, News Corp Australia, News UK, the New York Post, and News America Marketing. The Book Publishing segment publishes and distributed consumer books in print, digital, and audio formats through HarperCollins Publishers. The Digital Real Estate Services segment consists of REA Group Limited; Move, Inc.; and DIAKRIT International Limited. The Cable Network Programming segment provides sports programming through FOX SPORTS Australia. The Other segment comprises of general corporate overhead expenses, corporate strategy and creative group, and costs related to the U.K. Newspaper Matters. The company was founded on December 11, 2012 and is headquartered in New York, NY.,00F8BV-E

Publicly traded companies mentioned herein: New York Times Co (NYT), News Corp (NWSA NWS AU), REA Group Ltd (REA AU)

Highlights

The presenter is long shares of News Corp (NWSA), seeing a good risk/reward set-up due to improving organic trends, particularly in print, and better capital deployment opportunities under new leadership. The presenter expects a meaningful earnings beat next time NWSA reports, and thinks the stock can trade above $15 at that time, with a $17+ year-end price target.

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Idea Discussion

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