Corporate Headquarters
1211 Avenue of the Americas, 8th Floor
New York, New York 10036
212-852-7000
Corporate Website
http://www.newscorp.com/index.html
NYSE Ticker
NWS
Introduction:
News Corporation is an international media and entertainment company, ranked third in the world. Rupert Murdoch created News Corporation or News Corp, as it is most commonly referred to, was created by Rupert Murdoch. News Corporation was formed from assets Rupert Murdoch inherited from his father, Sir Keith Murdoch after his death. News Corp was originally a holding company for News Limited. News Corporation is a diversified international media and entertainment company with operations in eight industry segments, including filmed entertainment, television, cable network programming, direct broadcast satellite television, magazines and inserts, newspapers and information services, book publishing and other assets.
I. Current Situation
A. Current Performance
As of March 31, 2008, News Corporation reported third quarter operating income of $1.4 billion, a growth of 16% over third quarter a year ago. Revenues increased 16% to $8.75 billion and Net Income increased $1.8 billion to $2.7 billion. News Corporation had total assets as of March 31, 2008 of approximately US $62 billion and total annual revenues of approximately US $32 billion.
B. Strategic Posture
News Corporation’s mission statement has stayed unchanged after half a century of expansion and improvement: the creation and distribution of top-quality news, sports and entertainment around the world. A glimpse of News Corporation’s objectives ...