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 Deutsche Bank Virtual Media, Internet & Telecom Conference Transcript

Mar 10, 2021 / 04:00PM GMT

Release Date Price: €19.7 (+2.07%)

Transcript

Gavin Deane

Deutsche Bank Aktiengesellschaft - Global Co-Head of Technology, Media & Telecom Investment Banking

Good morning, everybody. My name is Gavin Deane from Deutsche Bank. I'm joined today by Tracey Fellows and David Doctorow. So I'm pleased to say our conversation today will focus on the very strong portfolio of digital real estate assets that are controlled by News Corp.

As you all recall, News Corp owns a 61.4% stake in REA Group, which is a leading digital real estate business in Australia and has a very strong presence in Asia. News Corp also owns 80% of Move, the operator of realtor.com here in the U.S. with REA owning the remaining 20%. Tracey is News Corp's President of Global Digital Real Estate, a role that she assumed just over a year ago, having previously served as CEO of REA. Tracey has also served as Move's interim CEO. And David is the CEO of Move, having joined just over a year ago from eBay, where he served as Head of Global Growth, eBay Marketplaces. And Dave also worked at Expedia as Chief Marketing and Strategy Officer. So Tracey, David, welcome to you both.

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