logo
Plus   Neg
Share
Email

News Corp. To Review Its News America Marketing Business - Quick Facts

News Corp. (NWS) said, in order to simplify the structure of the company, it is evaluating strategic options for its News America Marketing business or NAM including a potential sale. The company has retained Allen & Company LLC as its financial advisor to assist in its review.

"We believe this strategic review will result in enhanced shareholder value, as we seek to streamline our company, with the aim of greater transparency and profitability," said Robert Thomson, Chief Executive of News Corp.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
DISH Network Corp. (DISH) Wednesday reported a profit for the fourth-quarter that increased about 15 percent from last year, but quarterly revenue decreased 2 percent. Both earnings per share and revenue top analysts' estimates. Net Pay-TV subscribers for the quarter decreased by about 194,000 from the prior quarter. Advanced Bionics LLC, the US unit of Swiss hearing aid maker Sonova Holding AG, has recalled certain un-implanted cochlear implant devices due to decreased hearing performance. The recall would incur costs in the range of 40 million Swiss francs to 50 million francs. In a statement, Sonova said that... Shares of Deutsche Telekom AG were gaining around 4 percent in the morning trading after the German telecom giant reported Wednesday a profit in its fourth quarter, compared to last year's loss. The company also projects higher results in fiscal 2020. For the new year, Deutsche Telekom expects another increase in revenue from fiscal 2019 revenue of 80.5 billion euros.
Follow RTT
>