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Large News Corp Shareholder Don Yacktman on the Announced Split

June 28, 2012 | About:
CanadianValue

CanadianValue

216 followers
Donald Yacktman is big shareholder of News Corp. (NASDAQ:NWS), Rupert Murdoch's company which will split in two, according to announcements today. Here are some notes on Yacktman's interview about the split below:

- Thinks newspaper business is an “icecube”

- Thinks this creates two different business models and will allow for a proper multiple on the growing business

- Won’t discuss whether he is going to add to his position

- He would prefer the wind at his back rather than in his fact (meaning the publishing side of the business is not likely to get any additional capital from him)

- Thinks there is sufficient “bench strength” to assume duties from Murdoch

About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

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