Media
News Corp. to Switch Listing to Nasdaq from NYSE
The Associated Press
12/16/08 - 05:06 PM EST
NEW YORK -- News Corp. (NWS Quote) said Tuesday it will switch its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market to benefit from updated trading technology.
The change is effective Dec. 29.
The company's nonvoting Class A stock will trade under the symbol NWSA, while the Class B voting stock will trade under NWS, unchanged from the current ticker symbol.
"Our move to Nasdaq will ensure that our stockholders have access to the most current trading technology possible," said News Corp.'s senior vice president of investor relations, Reed Nolte.
According to the most recent proxy statement, Chief Executive Rupert Murdoch, 77, controls 38.6% of the voting shares, most of which are held in a family trust.
News Corp. owns The Wall Street Journal publisher Dow Jones & Co., as well as movie studio 20th Century Fox, Fox News Channel, Sky Broadcasting and the online hangout, MySpace.