News Corp (STU:NC0E)

€ 29.6 0.8 (2.78%) Market Cap: 16.83 Bil Enterprise Value: 19.68 Bil PE Ratio: 63.39 PB Ratio: 2.01 GF Score: 72/100

News Corp at Bank of America Merrill Lynch Media, Communications & Entertainment Conference Transcript

Sep 11, 2019 / 07:00PM GMT

Release Date Price: €13.22 (+0.92%)

Transcript

Jessica Jean Reif Ehrlich

BofA Merrill Lynch, Research Division - MD in Equity Research

(technical difficulty)

Anyway thank you so much for joining. I was so happy to have Susan Panuccio, CFO of News Corp back with us. We are thrilled to see you. So let's get right into it.

Questions & Answers

Jessica Jean Reif Ehrlich

BofA Merrill Lynch, Research Division - MD in Equity Research

Let's start with simplification. Ever since News Corp spun off 21st Century Fox, the company's been very focused positioning itself for long-term growth both managing the cost structure but also exploring new top line opportunities. More recently you've embarked upon a path towards simplification, what led you to pivot in this manner?

Susan Lee Panuccio

News Corporation - CFO

Look, I think in roles like mine and I guess Robert Thomson, who is our CEO, we have the benefit of speaking to the analyst meeting and our investor base a lot. And one of the common themes that kept coming through was simplification. And we're a

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