News Corp Builds Its Investment in APN News and Media Limited to a 14.99% Stake (Subject to Regulatory Approval)
March 18 2015 - 10:47PM
Business Wire
News Corp (NASDAQ:NWS)(NASDAQ:NWSA)(ASX:NWS)(ASX:NWSLV)
announced today that News Corp Australia will build its investment
in APN News and Media Limited (“APN”) to a 14.99% stake subject to
regulatory approval.
APN has a high quality portfolio of Australian and New Zealand
radio and outdoor media assets and small regional print interests.
It is led by a quality management team that has successfully driven
improvements in the performance of the business.
About News Corp
News Corp (NASDAQ:NWS)(NASDAQ:NWSA)(ASX:NWS)(ASX: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 Corp
are conducted primarily in the United States, Australia, and the
United Kingdom. More information: http://www.newscorp.com.
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.
News CorpJim Kennedy, 212-416-4064Corporate
Communicationsjkennedy@newscorp.comorMike Florin,
212-416-3363Investor Relationsmflorin@newscorp.com
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