News Corp investors reading between headlines

Intelligent Investor

Independent Financial Research

News Corp investors reading between headlines. Since Intelligent Investor recommended News Corp at the height of the hacking scandal in 2011 the share price has more than doubled. This may not be as clear-cut an opportunity due to the niggling worries over management, but there's enough to warrant a closer look. News Corp has an enterprise value of $US7 billion, almost half of which is accounted for by the stake in REA. The company's book publishing division is worth $1.5 billion and we'd estimate Fox Sports and Foxtel are worth at least $4 billion. Even without ascribing a value to digital education business Amplify, these assets easily support the current share price. If management can bring itself to dump the Australian newspaper operations - Clive, forget the dinosaurs, here's your chance to own another Titanic! - before the losses get too large, the current price could look very attractive.(VIEW LINK)

1 topic

Intelligent Investor
Intelligent Investor
Independent Financial Research

Intelligent Investor is an independent financial research service with a 14-year history of beating the market. Our value investing approach empowers Australians to make more informed decisions to build their long-term wealth. We off structural...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment