News Corp. files Form 10 Registration Statement detailing new News Corp. relating to intention to separate business
Kendall Sinclair
NEW YORK
,
December 21, 2012
(press release)
–
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today filed an initial 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 Form 10 filing initiates a process of providing details about the new News Corporation and the manner in which the separation will occur. The new News Corporation will comprise a range of market-leading brands in newspapers, information services and integrated marketing services, digital real estate services, book publishing, digital education, as well as sports programming and pay-TV distribution in Australia.
"The filing of the Form 10 is another important step forward in the evolution of our company and in the establishment of two independent global leaders in Fox Group and the new News Corporation," said Rupert Murdoch, Chairman and CEO of News Corporation. “Today we are pleased to provide further details on the new News Corporation – a global diversified media and information services company uniquely positioned to take advantage of exciting growth opportunities and new business models.”
The Form 10 is available on the SEC's website at www.sec.gov and at http://www.newscorp.com/investor. News Corporation also filed today with the SEC a 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 September 30, 2012 of approximately US$60 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.
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