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News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) 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.
About News Corporation
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of December 31, 2012 of approximately US$63 billion and total annual revenues of approximately US$34 billion. News Corporation is a diversified global media company with operations in six industry segments: cable network programming; filmed entertainment; television; direct broadcast satellite television; publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and Latin America.