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Holly LaFon
Holly LaFon
Articles (4284) 

Donald Yacktman Comments on News Corp

March 13, 2013 | About:
In 2012, News Corp (NWS) was the biggest contributor to Fund returns, appreciating more than 40%. Business execution was strong, especially in the cable content division, and the company continued its shareholder friendly behavior, both repurchasing a significant amount of stock and announcing that it would be splitting the company into two separate entities. We think the split could help the shares continue to deliver strong results as the market more fully appreciates what we see, which is a fast growing cable content division that has had its extraordinary growth obscured by declining newspaper results.

From Yacktman Funds 2012 annual letter.

Rating: 2.5/5 (2 votes)


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