News Corp announced that it has completed the separation of its
businesses from 21st Century Fox (formerly called News Corporation),
effective today at 4:30 pm EDT. The new News Corp is a leading global
network of powerful, valuable and complementary brands in news and
information services, sports programming in Australia, digital real
estate services, book publishing, digital education, and pay-TV
distribution in Australia. News Corp’s global portfolio includes
Amplify, The Australian, The Courier Mail, Dow Jones, Fox Sports
Australia, Foxtel, HarperCollins, Herald Sun, The New York Post, News
America Marketing, REA, The Sun, The Sunday Telegraph, The Sunday Times
of London, The Times of London and The Wall Street Journal.
Robert Thomson, Chief Executive of News Corp, said, "We are continuing a
proud tradition and fashioning a prosperous future in the new News Corp.
We have a valuable collection of complementary companies and our task is
to make the new News more than the sum of these distinguished parts. We
have a robust balance sheet and a team of creative, energetic and
passionate employees who are determined to make the company a resounding
success and to make a positive difference in their communities."
As of the effective time above, all of the outstanding new News Corp
shares were distributed to 21st Century Fox stockholders based on a
distribution ratio of one share of new News Corp Class A or Class B
Common Stock for every four shares of 21st Century Fox Class A or Class
B Common Stock, respectively. As the distribution has now occurred, the
conditions for the conditional market for the trading of new News Corp
CDIs on ASX are satisfied, and CDI holding statements will be sent to
new News Corp CDI holders on July 1, 2013. New News Corp Class A and
Class B Common Stock will begin regular-way trading on NASDAQ under the
ticker symbols “NWSA” and “NWS,” respectively, on Monday, July 1,
2013, and new News Corp Class A and Class B CDIs will begin trading on
ASX under the temporary ticker symbols “NNCLV” and “NNC,” respectively,
on an unconditional but deferred settlement basis on Monday, July 1,
2013 and a normal settlement basis on Tuesday, July 2, 2013.
Trading under the temporary symbols is expected to continue for
approximately two months, at which time new News Corp Class A and Class
B Common Stock will begin trading under the permanent ticker symbols
“NWSLV” and “NWS,” respectively.
More information will be available in the Form 8-K that will be filed
with the U.S. Securities and Exchange Commission by the new News Corp.
The filing will be available on the SEC’s website at www.sec.gov
and on the Company’s web site at http://www.investors.newscorp.com.
About News Corp
News Corp is a global, diversified media and information services
company focused on creating and distributing authoritative and engaging
content to consumers throughout the world. The company comprises leading
businesses across a range of media, including: news and information
services, sports programming in Australia, digital real estate services,
book publishing, digital education, and pay-TV distribution in
Australia. Headquartered in New York, the activities of News Corp are
conducted primarily in the United States, Australia, and the United
Kingdom. More information: www.newscorp.com.
Copyright Business Wire 2013