Earnings Growth Returns and Structurally Challenged Media is Hardly News
The 22% lift in no-moat-rated News Corporation's June quarter fiscal 2016 EBITDA to USD 243 million was a welcome reprieve, after the previous three consecutive quarters of decline. This was a quality result, driven by the key growth engine (digital real estate EBITDA up 18% to USD 53 million) and a recovery in book earnings (EBITDA up 52% to USD 50 million). Even the much-maligned News and Information unit posted just a 5% fall in EBITDA to USD 160 million, compared with the 20%-plus average de...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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