Morgan BellNews Corp: James Murdoch Succeeds
January 23rd 2007 11:02
Rupert Murdoch once said: “monopolies are a pretty awful thing to consider until you realise you’ve got one.” Stay with me for more.
The news today, 23 January 2007, is that “two years ago, James Murdoch was the younger brother of the heir apparent to the world's biggest media company.”
“These days, financial markets follow his every move. The latest speculation suggests he will quit the job as BSkyB's boss mid-year to take up a position at News Corp's New York headquarters, working alongside his father.”
“A report in London's The Mail on Sunday said Sky Italia boss Tom Mockridge would replace James Murdoch, 34. News Corp owns Sky Italia and is BSkyB's major shareholder.”
“According to the report, Rupert Murdoch wanted his son to return to the US at the end of last year, but James was keen to stay at BSkyB for another six months to see through the introduction of broadband and high-definition television at the British pay TV operator. BSkyB refused to comment.”
“Lachlan Murdoch, who is in Tamworth this week to support his wife Sarah as she hosts the Today program, opted out of the succession planning in July 2005, quitting his executive roles at the company.”
“Rupert Murdoch suggested last October that Lachlan might one day return to a senior post at News Corp. However, a month later he was guest of honour at the opening of Lachlan's Surry Hills office.”
This news was published in the online version of The Age under the title “All eyes are on younger Murdoch” and was written by Lisa Murray.
A look into News Corp (ASX: NWS) last six financial years reveals a company whose Revenues grew from $25,578 million in 06/2001 to $34,334.7 million in 2006.
It had a Loss year of $989 million in 2001 million and a Net Profit of $3,113.1 million in 2006. Current NPAT Margin is 11 per cent.
Its Earnings grew to 117.2 cents in 2006 from 46 cents in 2001, an annual compound growth rate of 20.1 per cent.
NWS has a Long Term Debt of $15,316.8 million and Cash Assets are $7,780.17 million. Interest is $733.217 million.
NWS’s Book Value per share is $7.49.
Return on Equity is 9.4 per cent, somewhat unimpressive. NWS’s share price is $30.40.
End
The news today, 23 January 2007, is that “two years ago, James Murdoch was the younger brother of the heir apparent to the world's biggest media company.”
“These days, financial markets follow his every move. The latest speculation suggests he will quit the job as BSkyB's boss mid-year to take up a position at News Corp's New York headquarters, working alongside his father.”
“A report in London's The Mail on Sunday said Sky Italia boss Tom Mockridge would replace James Murdoch, 34. News Corp owns Sky Italia and is BSkyB's major shareholder.”
“According to the report, Rupert Murdoch wanted his son to return to the US at the end of last year, but James was keen to stay at BSkyB for another six months to see through the introduction of broadband and high-definition television at the British pay TV operator. BSkyB refused to comment.”
“Lachlan Murdoch, who is in Tamworth this week to support his wife Sarah as she hosts the Today program, opted out of the succession planning in July 2005, quitting his executive roles at the company.”
“Rupert Murdoch suggested last October that Lachlan might one day return to a senior post at News Corp. However, a month later he was guest of honour at the opening of Lachlan's Surry Hills office.”
This news was published in the online version of The Age under the title “All eyes are on younger Murdoch” and was written by Lisa Murray.
A look into News Corp (ASX: NWS) last six financial years reveals a company whose Revenues grew from $25,578 million in 06/2001 to $34,334.7 million in 2006.
It had a Loss year of $989 million in 2001 million and a Net Profit of $3,113.1 million in 2006. Current NPAT Margin is 11 per cent.
Its Earnings grew to 117.2 cents in 2006 from 46 cents in 2001, an annual compound growth rate of 20.1 per cent.
NWS has a Long Term Debt of $15,316.8 million and Cash Assets are $7,780.17 million. Interest is $733.217 million.
NWS’s Book Value per share is $7.49.
Return on Equity is 9.4 per cent, somewhat unimpressive. NWS’s share price is $30.40.
End
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