newscorp paper

newscorp paper - Company Report Business 1000H Keith...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Company Report Business 1000H Keith Arora-Williams Nic Held Dmitry Kucher Rachel Vincent
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
News Corporation is a multinational entertainment company with divisions in eight main sectors of entertainment and media (television, film, cable broadcasting, direct satellite broadcasting, magazines/inserts, newspapers, book publishing and other businesses)(Annual Report). News Corp is headed by CEO Rupert Murdoch, president and COO Peter Chermin and CFO David DeVoe (Datamonitor). It began with Murdoch’s inheritance of his father’s newspaper (Adelaide News) in 1952 as a way to expand its business overseas. In 1964, Murdoch launched The Australian, which was the first national newspaper in Australia and began to expand into the United Kingdom. Murdoch bought The Sun in 1969 and began expansion into the United States. In 1976 he acquired The Times, The Sunday Times, The New York Post, New York Magazine, and the Village Voice. In 1980 News Corp was officially established, and by 1986 Fox Television, SKY, Star, and Vox were launched, and Harper Collins was acquired. Since then, US TV Guide magazine, William Morrow and Company and Avon Books from Hearst, Dow Jones and Company (including the Wall Street Journal), the New York Post, Myspace, and IGN Entertainment, have been acquired by News Corp, among many others. It’s major markets are in North America, the UK and Australia, but it also operates strongly in India, Italy, Brazil, Canada and Mexico (Datamonitor). Despite the fact that News Corp is one of the most powerful media corporations in the world, it has some major competitors. Its most major competitors are Bertelsmann AG, Gannett Co., Inc, Knight Ridder Inc., Tribune Company, Time Warner Inc., Belo Corp., CBS Corp., Lee Enterprises Incorporated, Media General, the Washington Post Company, Viacom Incorporated, The New York Times Company, and Hearst-Argyle
Background image of page 2
Television Company (Datamonitor). The subsidiaries of their competitors include the CBS television channel, Paramount Pictures film company, AOL, The New York Times, BMG Music Publishing, Warner Brothers, and the NBC television channel (Datamonitor). News Corp’s strengths lie in its increasing asset levels, the large amount of media attention it receives in its mergers and acquisitions due to its prominence, its large and stable size, the high quality of its goods and services, a large and consistent consumer base, its good level of solvency (46% debt to asset ratio, down 1% from last year), its strong and able leadership, and most importantly its high level of media diversification. This has helped News Corp to cope with downturns in some sectors and remain comfortable in profit. News Corp also has a strong balance sheet, with a debt to equity ratio at 0.38, as compared to an industry average of 0.51. To get a sense of the strength and growth of the company, over the past four years its growth rate is 13% and its Net Profit has grown 41% (Datamonitor). News Corporation is not without its weaknesses, however-- the company has a
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/07/2008 for the course BUS 1000H taught by Professor Omalley during the Fall '08 term at CUNY Baruch.

Page1 / 12

newscorp paper - Company Report Business 1000H Keith...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online