News Corp value down 50pc since spin-off four years ago

Original article by Aaron Patrick
The Australian Financial Review – Page: 24 : 2-Nov-17

Morgan Stanley estimates that News Corporation is now valued at $US3.7bn, compared with $US7.3bn in 2013 when Rupert Murdoch’s media empire was demerged. News Corp shares have shed 17 per cent since the demerger, although the loss would have been much greater if it did not hold a 62 per cent stake in the strongly-performing Australian property listings group REA. Morgan Stanley also notes that News Corp shares are trading at a 15 per cent discount to the combined value of its businesses.

CORPORATES
NEWS CORPORATION – ASX NWS, MORGAN STANLEY AND COMPANY INCORPORATED, REA GROUP LIMITED – ASX REA, 21ST CENTURY FOX INCORPORATED, FOXTEL MANAGEMENT PTY LTD, FOX SPORTS, HARPERCOLLINS, STANDARD AND POOR’S 500 INDEX, FAIRFAX MEDIA LIMITED – ASX FXJ

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