How to buy HD stocks in 2018
News.tv source News Australia title How HD stocks are becoming the next gold source News Corp Australia title News Corp to sell off its stake in HD stocks – News Corp report article News Corp News Corp has announced it will sell its stake into HD stocks, with its shares falling by nearly 40 per cent over the next three years.
In a statement, the Australian arm of News Corp said the sale would allow it to focus on its core business and “to maximise shareholder value”.
News Corp News is one of the biggest media companies in the world.
It is Australia’s largest private company, with assets of more than $US5.9 trillion ($6.9tn) and its market capitalisation is more than twice that of its biggest competitor, News Corp (NWS).
In a note to shareholders, News said it was “delighted” to be able to sell its shareholding in HD stock.
“The HD market has undergone significant change in recent years, and we look forward to being able to deliver a new offering to our shareholders, and the broader Australian community,” it said.
“Our goal is to remain focused on the business of delivering high quality and compelling content for our shareholders and the Australian public, which is why we continue to invest in our own infrastructure, including new content and technologies.”
News Corp also announced it would sell a minority stake in a new television network, iView, which it says has been designed to serve “a diverse audience across a broad range of demographics, and to ensure that our content is widely shared.”
Key points:News Corp said it would invest $US1 billion in new media in 2018-19In a joint statement with News Corp and News Corp Network, it said it is “delighting” to sell HD stock, and is “working to deliver new content” for its shareholders and Australian community “The company said it had “an opportunity to build upon its existing content pipeline, and strengthen its portfolio of local news and information, as well as expand into new areas”.”
This investment will ensure the company has a robust local news portfolio, and will enable the company to continue delivering its key products, services and events,” the statement said.
The announcement comes ahead of a number of big new releases in the coming months.
He said the deal was designed to enable the news organisation to “build upon its current content pipeline and strengthen our portfolio of Australian content, including the news, arts, sport and entertainment.””
In 2017, we completed the acquisition of News TV, which was acquired by News Corp’s new Australian TV network, the iView,” News Corp CEO Craig Scott said.
He said the deal was designed to enable the news organisation to “build upon its current content pipeline and strengthen our portfolio of Australian content, including the news, arts, sport and entertainment.”
The company has also been investing heavily in its local content.
Last year, it paid $US2.3 billion ($2.5bn) to buy its local media business, Australian Media Holdings, for $US6.4 billion ($7.5 billion) and announced a $US100 million fund to build an Australian network of local content and apps.
The new $US500 million fund will also provide $US50 million a year to local organisations, and $US60 million a month to local broadcasters, for local news, sports and other content.
The sale of the News.
TV stake will also see News Corp cut a deal with the Australian Competition and Consumer Commission to be the only company that sells HD TV and broadband internet access in Australia.
In a move that will see the company take on a more central role in delivering local content, it is also planning to open its first-ever online TV platform.
This will allow local broadcasters to “stream local news in an interactive, immersive and mobile manner” on its HD service.
While it is still a minority player in the Australian TV market, it will have an edge over rivals, including Telstra, which already offers the capability to stream local news through its fibre broadband network.
Topics:industry,broadcasting-media,australia,internet-technology,technology,internet,corporate-governance,business-economics-and-finance,aussies-government-and,business,business/media,media,technology-and_innovation,technology/broadband,communications,aesthetics,businesses-and-“other”,”internet-culture,businessaustrial-monthly,technologyNOW,media-services,aotearoa,melbourne-3000,vicNews,aurna-2450First posted March 06, 2020 20:26:23Contact John BowersMore stories from New South Wales
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