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News Corporation
today announced that the
new News Corporation filed an amendment to its Form 10 Registration Statement
with the U.S. Securities and Exchange Commission (SEC). The filing is in
connection with the Company's previously-announced intention to separate its
businesses into two independent, publicly-traded companies. Today's filing
builds on the initial Form 10 Registration Statement, filed with the SEC on
December 21, 2012.
The Form 10 has been amended to provide additional financial information about
the new News Corporation, including its capital structure and pro-forma
combined financials. The new News Corporation will comprise a range of
market-leading brands in news and information services, integrated marketing
services, digital real estate services, book publishing, and digital
education, as well as sports programming and pay-TV distribution in Australia.
“The new News Corporation's strong balance sheet will provide the Company with
full financial flexibility to pursue its strategic agenda, which is to further
develop and expand the power of its market-leading brands over a myriad of
platforms,” said Rupert Murdoch, Chairman and CEO of News Corporation. “We
believe the new News Corporation's strong balance sheet, along with its
diversified revenue base, will be key competitive assets that will allow the
company to lead in innovation and the creation of long term shareholder
value.”
The Form 10 is available on the SEC's website at www.sec.gov and at
http://www.newscorp.com/investor. In addition, News Corporation filed today
with the SEC a revised preliminary proxy statement regarding a meeting of its
stockholders to consider amendments to the Company's charter which will enable
the consummation of the separation.
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Posted In: News
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