News Corp today announced that its Board of Directors has approved an
amendment to the Company's stockholder rights plan (the "Rights Plan"),
which was scheduled to expire on June 18, 2015. The amendment extends
the expiration date of the Rights Plan until June 18, 2018, unless
redeemed earlier by the Company as provided for in the Rights Plan.
The Rights Plan allows the Board of Directors to preserve the Company’s
ability to implement management's strategic plan in order to maximize
the long-term value of the Company for all stockholders.
The full text of the Rights Plan will be filed on a Current Report on
Form 8-K with the Securities and Exchange Commission.
Forward-Looking Statements
This document contains certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management's views and assumptions regarding
future events and business performance as of the time the statements are
made. Actual results may differ materially from these expectations due
to changes in global economic, business, competitive market and
regulatory and other factors. More detailed information about these and
other factors that could affect future results is contained in News
Corp's filings with the Securities and Exchange Commission. The
"forward-looking statements" included in this document are made only as
of the date of this document and we do not have any obligation to
publicly update any "forward-looking statements" to reflect subsequent
events or circumstances, except as required by law.
About News Corp
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) 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 businesses across a range of
media, including: news and information services, book publishing, cable
network programming in Australia, digital real estate services, digital
education, and pay-TV distribution in Australia. Headquartered in New
York, the activities of News Corporation are conducted primarily in the
United States, Australia, and the United Kingdom. More information is
available at: www.newscorp.com.
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