Morningstar | News Corporation is in the midst of transitioning to a more digital-centric media entity
Newspaper publishing in its traditional form is a sunset industry. Eyeballs are migrating to the digital arena, where there are proliferating and lower-cost choices, and advertisers are rapidly following suit. Against this negative structural backdrop, the fate of a legacy publisher depends on how it maintains audience in the ultracompetitive digital age, and whether it has the financial, as well as the editorial, resources to prevail in the longer term. With still-solid free cash generation, a solid balance sheet, and a vast pool of journalist talent, we believe News Corporation is well placed to tackle this monumental challenge. Furthermore, the strong financial position furnishes management with the ammunition to diversify away from the legacy publishing industry and explore investment opportunities in more structurally stable fields such as digital media assets.
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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