News Corporation is in the midst of transitioning to a more digital-centric media entity
We expected a subdued fiscal 2018 third-quarter result from News Corporation, as it was cycling bumper 29% earnings growth a year ago. Still, the 15% year-on-year decline in normalised EBITDA to USD 184 million was underwhelming, driven by an 8% lift in costs. This was the largest expense increase since the group was spun off from Fox in 2013 and flies in the face of recent cost-cutting initiatives.Perhaps this was the reason for the solid 6% rise in third-quarter revenue to AUD 2.1 billion. Wh...
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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