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
12/02/201612:00:00FCC Raises Fresh Concerns Over 'Zero-Rating' by AT&T, Verizon
12/01/201622:30:00Theranos Investor Riley Bechtel Steps Down From Board
12/01/201617:00:00CBS All Access Secures Rights to Stream NFL Games
11/30/201614:30:00AppNexus Files Confidentially for IPO
11/30/201610:40:00U.S. Pending Home Sales Edged Higher in October
11/30/201600:01:00Realtor.com® Forecasts Post-Election Economy to Result in Higher...
11/29/201619:10:00Trump Plans to Name Steven Mnuchin as Treasury Secretary
11/29/201611:02:00News Corp to Participate in UBS 44th Annual Global Media and...
11/27/201620:10:00Moana' Makes Splash at Box Office
11/23/201614:00:00Memoirs of Megyn Kelly, Bernie Sanders Selling Briskly
11/22/201612:40:00Pearson Learns Painful Lessons as Common Core Fails to Pay Off
11/22/201610:50:00U.S. Existing-Home Sales Highest Since February 2007
11/18/201610:20:00DraftKings and FanDuel Agree to Merge
11/17/201609:00:00Preeminent Design Site Remodelista Announces Holiday Markets...
11/15/201613:20:00News Corp's Dow Jones Reaches Contract With Union
11/15/201609:00:00Realtor.com® unveils new and expanded experience for consumers...
11/14/201606:12:31Current Report Filing (8-k)
11/13/201621:50:00Messaging Startup Slack Braces for Competition
11/08/201611:20:00Bloomberg Chat Suffers Outage
11/08/201607:19:29Quarterly Report (10-q)

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US