ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NWSA Stock Price » NWSA Stock News

News Share News

 News (mm) Stock Price
NWSA Stock Price
 News (mm) Stock Chart
NWSA Stock Chart
 News (mm) Stock News
NWSA Stock News
 News (mm) Company Information
NWSA Company Information
 News (mm) Stock Trades
NWSA Stock Trades

News Corp Lines Up Bankers to Advise on Breakup Plan -Source

By William Launder News Corp. (NWS, NWSA) has hired Centerview Partners LLC, Goldman Sachs Group Inc. (GS) and J.P. Morgan Chase & Co. (JPM) to advise the media conglomerate on the possible separation of the publishing and education businesses from its film and television assets, according to a person familiar with the matter. News Corp. already has a longstanding relationship with bankers affiliated with the firms. Centerview banker Blair Effron advised News Corp. on its takeover of Dow Jones & Co. in 2007, as did J.P. Morgan media banker Jimmy Lee. News Corp. owns Dow Jones, publisher of this newswire and The Wall Street Journal. The advisers will have responsibility for guiding News Corp. through a potentially complex separation process, which will include determining how to manage the company's current $10 billion share buyback program and how to divide its considerable balance sheet and other global assets. It wasn't clear if boutique investment bank Allen & Co., a long-time adviser to News Corp., would play a role in any separation. Allen & Co. banker Stanley Shuman is a director emeritus on the News Corp. board. Representatives for Goldman Sachs, J.P. Morgan, and Centerview didn't immediately respond to requests for comment. A spokeswoman for Allen & Co. declined to comment. --Brett Philbin contributed to this article. Write to William Launder at william.launder@dowjones.com

Stock News for News (NWSA)
DateTimeHeadline
04/28/201609:00:00Realtor.com® Operator Move, Inc. Names Vineet Singh Chief Data...
04/27/201606:40:00Getty Images Lodges Complaint Against Google With EU
04/26/201616:20:00FTC Extends Probe Into Google's Android
04/26/201611:09:00Rob Augustinos Named Executive Vice President Of Central Division...
04/26/201609:00:00Realtor.com® and HomeAdvisor Team Up to Provide Home Renovation...
04/22/201607:20:00Paramount Offers EU Concessions on Sky UK Licensing Deals
04/22/201606:52:00Paramount Pictures Offers EU Concessions on Sky UK Licensing...
04/20/201610:40:00U.S. Existing Home Sales Rose 5.1% in March
04/19/201610:00:00New Study Shows 75% Of Coupon Redemptions Result In Incremental...
04/18/201607:00:00News Corp Files Formal Complaint to European Commission over...
04/18/201607:00:00EU's Google Probe Homes In on Preloaded Apps
04/18/201606:00:00Realtor.com® Identifies America's Boom Towns
04/14/201609:17:00News Corp to Report Fiscal 2016 Third Quarter Earnings
04/06/201611:17:00Ajay Singh Named Chief Financial Officer At News America Marketing®
04/05/201612:29:00Heidi Gray Named Chief Human Resources Officer At News America...
04/04/201618:30:00EU Presses Inquiries Into Google Parent Alphabet
04/04/201616:21:45Statement of Changes in Beneficial Ownership (4)
04/04/201616:20:00Statement of Changes in Beneficial Ownership (4)
04/04/201616:19:34Statement of Changes in Beneficial Ownership (4)
04/04/201616:18:41Statement of Changes in Beneficial Ownership (4)

News and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad