分析新闻集团：默多克亲自动手——英文

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1、BreakingupNewsCorpMurdochdoesthesplitsInvestorsliketheideaofhivingoffthegroup’snewspaperarmJun30th2012

2、fromtheprinteditionSHAKESPEAREmusedthat“Itisbeyondthepowerofmantobringloveandwisdomtoanunion.”NewsCorporation’sshareholdershavelongagreed,arguingthatRupertMurdoch’sabidinglovefornewsprinthasclo

3、udedhisjudgmentandtaintedhismediaempire.ThesluggishgrowthandthelegalcasesbesettingNewsCorp’spublishingarmsetitinsharpcontrasttothegroup’srobustfilmandtelevisionassets,whichaccountforthree-quartersofrevenuesandalmostalloperatingprofit.Aftermonthsofhintingthatitmayheedinvestorsandseparatethetwopar

4、ts,NewsCorp’sboardmetonJune27thtoapproveasplit,andwassettoconfirmitsdecisionasTheEconomistwenttopress.(Update:Thefirmhassinceannounceditsplansforasplit.) NewsthatasplitwasunderconsiderationsentNewsCorp’ssharepriceupbyaround10%.Atover$22,itisnowatitshighestsince2007.Thisbolsteredtheviewthatdividi

5、ngthegroupwillboostbothcompaniesandrewardshareholders.Afterthephone-hackingscandalatNewsCorp’sBritishnewspaperarm—whichisstillbeinginvestigatedbyLordJusticeLeveson,aseniorjudge—thegrouphadtodropitsbidforfullownershipofBSkyB,aprofitablesatellitebroadcaster;italreadyowns39%.Separatingthepublishing

6、divisionandgivingitanewbossmaynotbeenoughtoovercomeregulatoryobstaclestoNewsCorptakingfullownershipofBSkyB.Butitshouldhelpprotecttheentertainmentbusinessesfromthescandal’srisinglegalcosts,andatleastwardoffpressureforNewsCorptosellitsexistingstake.BesidesclosingtheNewsoftheWorldinthewakeofthehack

7、ingscandal,NewsCorphasrecentlyriditselfofanothersourasset,MySpace(anailingsocial-mediasite),andinitiateda$10billionsharebuy-back(whichwillhavetheside-effectofenlargingtheMurdochs’40%stake).Suchmoveshavesupportedthegroup’ssharepriceandpleasedshareholders.Butsplittingthecompanyintwoisthe“ultimated

8、ream”ofinvestors,saysMichaelNathansonofNomura,astockbroker.AnalystsworrythatNewsCorpisstilljugglingtoomanyminoritystakesinsmallercompanies,suchasHulu(onlinevideo)andTataSky(Indiansatellitetelevision).ToddJuengerofSanfordC.Be