News Corp (NWS) will go ex dividend on 6/9/2012. The current dividend payment is 8.5 cents and it is 0% franked. The record date is 12/9/2012 and the dividend will be paid on 17/10/2012. Based on the full year payment the dividend yield is 0.7%.
*Current Yield: 0.4% Franking: 0% DRP Discount: Not Available
*Yield has been calculated on the closing price on the 24/8/2012. Current yield is based on the current dividend payment only.
REA Group Limited (REA) announced a national marketing alliance with News Limited, Australia’s largest media publisher. The alliance will see REA Group’s market-leading realestate.com.au brand integrated into the mastheads of 88 News Limited metropolitan, community and regional newspapers, the property sections of which will be rebranded as “Realestate”. These newspapers have a combined weekly circulation of 7,153,513. The agreement also includes a reciprocal content syndication agreement between REA Group’s realestate.com.au and realcommercial.com.au websites and News Limited’s national and state news websites. The branding integration and content syndication will commence in August 2012. As part of the alliance, a new digital and print advertising offer known as the Prestige Plus Package has been introduced, incorporating News Limited’s Wentworth Courier and a Premiere listing on realestate.com.au.
Paul Simos, REA Group’s General Manager Strategy and Corporate Development, said the marketing alliance is a natural fit between two market leaders. “This marketing alliance plays to the strengths of the realestate.com.au brand and News Limited’s media network. By joining forces, we can increase awareness of our brands Australia-wide and offer even greater value to property seekers and our real estate agent customers.”
Consolidated Media Holdings Limited (CMJ) announces that it has received a conditional and non‐binding proposal from News Limited to acquire CMH at a price of $3.50 cash per share by way of a scheme of arrangement on a CMH board – recommended basis. The Board proposes to engage constructively with News in relation to the Proposal, including as to the details of the terms and conditions.
The Executive Chairman of CMH’s largest shareholder Consolidated Press Holdings Limited, James Packer, said today: “CPH welcomes News’ proposal and looks forward to CMH and News working together to address the detailed terms and conditions. Subject to this CPH, considering the offer price of $3.50 per share to be fair will support the Proposal in the absence of a superior cash offer.”
News Corp (NWS) will go ex dividend on 9/3/2011. The current dividend payment is 7.5 cents and it is 0% franked. The record date is 16/3/2011 and the dividend will be paid on 20/4/2011. Based on the full year payment the dividend yield is 0.8%.
*Current Yield: 0.4% Franking: 0% DRP Discount: 10%
*Yield has been calculated on the closing price on the 27/2/2011. Current yield is based on the current dividend payment only.
News Corp (NWS) will go ex dividend on 2/9/2010. The current dividend payment is 7.5 cents and it is 0% franked. The record date is 8/9/2010 and the dividend will be paid on 13/10/2010. Based on the full year payment the dividend yield is 0.9%.
*Current Yield: 0.5% Franking: 0% DRP Discount: 10%
*Yield has been calculated on the closing price on the 19/8/2010. Current yield is based on the current dividend payment only.
A slump in advertising sales and discretionary spending is being blamed for a massive writedown in profits at News Corp. The economic downturn is more severe and likely longer lasting than Rupert Murdoch previously thought.
News Corp posted a first half net loss of $US5.9 billion ($A9.19 billion) for the first half, compared with a net profit of $US1.564 ($A2.43) billion a year ago.
The AFR has suggested that losses may put pressure on the company to break itself up into smaller divisions, however this has been played down by News Corp, and Mr Murdoch has announced plans to cut costs and jobs to deal with the downturn.
In other media news, Standard & Poors downgraded its long-term credit rating of Fairfax Media from stable to negative.
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