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News : Announces Private Offering of $750 million of Senior Notes due 2029


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News Corporation (“News Corp”) announced today that it is offering $750 million aggregate principal amount of Senior Notes due 2029 (the “Notes”) in a private offering, subject to market and other conditions.
News Corp plans to use the net proceeds from the offering for general corporate purposes, which may include acquisitions and working capital.
News Corp will make the offering pursuant to an exemption under the Securities Act of 1933, as amended (the “Securities Act”). The initial purchasers of the Notes will offer the Notes only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act or to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act. The Notes have not been and will not be registered under the Securities Act of 1933 or under any state securities laws. Therefore, News Corp may not offer or sell the Notes within ....

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News Corp reports best quarter since establishment in 2013


News Corp reports best quarter since establishment in 2013
February 5, 2021 10:35
News Corporation (News Corp) today released its financial results for the three months ended 31 December 2020.
Commenting on the results, chief executive Robert Thomson said the quarter was “the most profitable quarter since the new News Corp was launched more than seven years ago”, reflecting the ongoing digital transformation of the business.
News Corp reported total revenues of $2.41 billion for the quarter, which was 3% lower compared to $2.48 billion in the prior year equivalent period. According to the financial report, the decline was mainly due to “lower revenues at the News Media segment”, this was primarily driven by a $191 million, or 8%, negative impact from the divestiture of News America Marketing, weakness in the print advertising market, and a $34 million, or 1%, impact from the closure or transition to digital of regional and community newspapers in Australia ....

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