Thursday, February 2, 2012

News Corp investors face risk of patriarch 'not being in charge'

11:10 AM | Posted by Free Game Zone | | Edit Post

Lex column in the Financial Times argues that the cost of News Corp., the phone hacking scandal is their "high consequence."

She has broken the company £ 7.5 billion to buy 61% of BSkyB has not, which means that News Corp. could not get hold of the annual income of £ 6.6 billion plus great "free cash flow."

Victoria, says Lex, "News Corp. would have given more weight in the battle for supremacy in the media industry, strengthening its operations and pay television content and makes it less dependent the United States. "

would have been nice also for the shareholders, who have the habit of wasting your money from Rupert Murdoch.

Watch economic sanctions incurred by investors. In 2005, News Corp. bought MySpace for $ 580 million, was sold a few months ago for $ 35 million.

  • Dow Jones, owner of the Wall Street Journal, a $ 5.7 billion in 2007, News Corp. has canceled $ 2.8 billion of that.
  • Lex said: ".. Sooner or later, these are beginning to accumulate from News Corp dragged the S & P 500 times in a period of five years and a time horizon of 15 years"
  • Of course, investors have been very conscious that his own actions in a family headed by a patriarch.
But, says Lex, the "new risk" is that "the patriarch gives the appearance of not being supported."


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