Rupert Murdoch knows how to spin a story. To sell the idea of reuniting Fox and News Corp, the media mogul will have to marshal his strongest and most creative pitch yet. jgfarb explains.
is any guide. After subtracting some $2 billion of capitalized corporate costs, it all adds up to $18 billion, suggesting that News Corp’s market value is about 40% less than the sum of its parts.
Subtract these assets and factor in $2.3 billion of net debt, and the implication is that the main Fox broadcasting enterprise is worth around $12.4 billion, or less than 4 times expected EBITDA. Rival Paramount GlobalIf Murdoch’s two dissimilar media outlets are struggling to achieve full recognition from investors in their current form, it’s unclear why they would come into better focus under one corporate roof.
It’s true that a union might yield some small cost savings, greater negotiating power with advertisers and a stronger balance sheet, but such merits will be hard to impress upon News Corp shareholders. They back a company increasingly reliant on more durable subscription revenue, while Fox depends on volatile marketing budgets that happen to be shrinking as corporate bosses brace for a potential recession.
At least one investor wants News Corp to get smaller, not bigger. Irenic Capital, which owns about a $150 million stake, is urging the company led by Robert Thomson to
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
NASA's Artemis I Mission Takes Off in Return to the MoonNASA successfully launched its Artemis 1 mission early Wednesday morning, the first step in sending humans back to the Moon. See the potential bias and similarities in coverage from cnet, foxnews and nbcnews:
Baca lebih lajut »
Republicans Secure Slim Majority in House of RepresentativesThe Republican Party has secured a slim majority in the House of Representatives. See potential bias and similarities in coverage from BBCWorld, foxheadlines, and CNN:
Baca lebih lajut »
Fox News cuts away from Trump speech, promises to return when newsworthyFox News host Laura Ingraham cut away from the former president's rambling speech and promised to return 'when news warrants.'
Baca lebih lajut »
Midterm elections: Fox News’ weekday primetime coverage tops NBC, ABC, CBSFox News averaged 4.1 million weekday primetime viewers during ongoing elections coverage from Nov. 7-11, outdrawing NBC, ABC and CBS during week of midterm elections.
Baca lebih lajut »
Fox News Hilariously Reckons With the Popularity of Abortion RightsRepublicans 'would’ve been far better off' if the Supreme Court hadn't overturned Roe v. Wade, host Greg Gutfeld acknowledged on The Five Tuesday evening.
Baca lebih lajut »