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News Corp. (NWS) Chairman of FTS and FOX News Roger Ailes sells 542,305 Shares
Posted by: gurufocus (IP Logged)
Date: August 22, 2009 02:44AM
Chairman of FTS and FOX News of News Corp. (NWS) Roger Ailes sells 542,305 shares of NWS on 08/21/2009 at an average price of $11 a share.
News Corporation\'s diversified global operations include the production and distribution of motion pictures and television programming; television satellite and cable broadcasting; the publication of newspapers magazines books; the production and distribution of promotional and advertising products and services; the development of digital broadcasting; the development of conditional access and subscriber management systems; and the creation and distribution of popular on-line programming. News Corp. has a market cap of $33.9 billion; its shares were traded at around $12.97 with a P/E ratio of 19.9 and P/S ratio of 1.1. The dividend yield of News Corp. stocks is 1%. News Corp. had an annual average earning growth of 5.7% over the past 10 years.
NWS is in the portfolios of Seth Klarman of The Baupost Group, Donald Yacktman of Yacktman Asset Management Co..
Recent Trades of News Corp. by Directors and Officers:
Stocks Discussed: NWS,