News Corporation boasts the tools to rise above a sunset industry.
While no-moat News Corporation's third-quarter result does not alter our USD 16 (AUD 21) fair value estimate, we are encouraged by the continuing positive momentum. The 29% lift in underlying EBITDA builds on the 14% growth in the second quarter, driven by strong contributions from key divisions.The digital real estate unit justified its crown jewel status within the group, with a 63% jump in underlying EBITDA to USD 75 million. The Australian business made a solid contribution as usual, but it...
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.
We have operations in 27 countries.
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