Now for the bad News
Oct 28, 2020
4 minutes
STORY JAMES CARLISLE
The story of News Corp in recent years has been a struggle to evolve from old media to new – from print to digital. Most obviously, that’s been seen in the online property classifieds business REA Group, where News holds a 62% stake. When we first upgraded News in 2013, that stake had a market value of $2.5 billion – about a quarter of News’s then market capitalisation of $10 billon. Now it’s worth $9.3 billon – around $16 per News Corp share, or 80% of the company’s $11.5 billion market cap.
The evolution has also been seen in books, where the higher margins from digital books has
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