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Dheeraj Grover
Dheeraj Grover
Articles (493) 

Donald Yacktman Comments on Possible News Corp Split

June 27, 2012 | About:
Donald Yacktman of Yactman funds was on CNBC to share his views on possible split of News Corp.

Here is what he said:

1. This move points out that there is lot of value in this company.

2. Chase Carey (CEO of News Corp) continues to make a very positive dent in the company.

3. This is being done in a good way which is a spin-off; it will be a tax free transaction.

4. He would like to see more details on what will happen to Dow Jones assets (including the Wall Street Journal) as he thinks that its viewership has good spill on Fox News.

5. Chase Carey will stay with the entertainment company and they have a good bench strength to take over the publishing business.

6. The stock is still cheap, selling at a price less than what it traded at five years ago.



Here is the video. Yacktman comes in after about three minutes:

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 2.9/5 (8 votes)

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