News Corp Renews Dividend, Extends Poison Pill

NEW YORK (TheStreet) -- News Corp (NWS) is trying to sweeten the pot for investors.

The publisher of The Wall Street Journal and The Times of London announced that it will begin a $.10 a share dividend to shareholders starting in the second quarter of fiscal year 2016, which begins on June 30. The company also announced an extension of its shareholders rights plan, also known as a "poison pill." 


The acquisition of Harlequin, a women's fiction publisher, in 2014 was also seen as a positive by Thomson. The publisher became a division of HarperCollins Publishers after being acquired. The two recent acquisitions helped boost revenue for News Corp.

"These investments are already starting to pay off and we expect will bring long-term benefits to all stockholders," Thomas said.

Separately, it was reported Thursday that News Corp would be undergoing a major reorganization at its Dow Jones news division. In a memo from Gerard Baker, editor-in-chief of The Wall Street Journal and Dow Jones, "well over 100" jobs could be cut in order to shift the company focus to digital media and core coverage areas, according to The Wall Street Journal.

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