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News Corp (NWS) SEC Filing 10-K Annual report for the fiscal year ending Thursday, June 30, 2016

News Corp

CIK: 1564708 Ticker: NWS

Exhibit 99.1

 

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NEWS CORPORATION REPORTS FOURTH QUARTER AND

FULL YEAR RESULTS FOR FISCAL 2016

FISCAL 2016 FOURTH QUARTER KEY FINANCIAL HIGHLIGHTS

 

    Revenues of $2.2 billion increased 5% compared to $2.1 billion in the prior year

 

    Income from continuing operations of $114 million compared to $20 million in the prior year

 

    Total Segment EBITDA of $361 million, which includes a one-time litigation settlement gain of $122 million, compared to $215 million in the prior year

 

    EPS were $0.16 including the settlement gain, compared to $0.01 in the prior year

 

    Digital Real Estate Services segment revenue grew 21% compared to the prior year

 

    Digital revenues represented 23% of News and Information Services segment revenues, compared to 19% in the prior year

NEW YORK, NY – August 8, 2016 –

News Corporation (“News Corp” or the “Company”) (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months and fiscal year ended June 30, 2016 (includes 14 and 53 weeks, respectively, compared to 13 and 52 weeks in the three months and fiscal year ended June 30, 2015, respectively).

Commenting on the results, Chief Executive Robert Thomson said:

“We ended Fiscal Year 2016 with strong results in the fourth quarter, highlighted by robust year-over-year growth in revenues and EBITDA at Digital Real Estate Services and an upturn at HarperCollins.

Over the past year, we made clear progress on our primary goals – to become more digital and more global. Since the advent of the new News three years ago, revenue at Digital Real Estate Services has more than doubled, and it is expected to become the biggest contributor to EBITDA in the future thanks to the ongoing success of REA and the rapid growth at Realtor.com® in the U.S. Our reach in digital real estate is unparalleled and highlights the potential of the News Corp network, which is monetizing shared data and maximizing the value of content and traffic.

Book Publishing ended the year strongly, highlighting our ability to leverage quality content across both print and digital platforms.

While global print ad trends remain challenging at our News and Information Services segment, we are continuing our aggressive growth in digital, which now accounts for 23% of segment revenues, up from 19% last year.

The success of the Wall Street Journal is a testament to the importance of high quality content with global appeal. This past quarter the WSJ reached 948,000 digital-only subscribers, posting healthy year-over-year gains with improved pricing to better reflect its unique value. At News UK, The Times and The Sunday Times continue to impress with nearly 182,500 digital-only subscribers. Digital subscriptions continue to grow and now account for approximately 45% of the subscriber base, while print sales have also risen tangibly in recent months. This quarter we relaunched the Sun’s website, which had over 42 million global unique users in June, a distinctive increase since the lifting of the paywall last year. The U.K. team is focused on leveraging our immensely valuable

 

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The following information was filed by News Corp (NWS) on Monday, August 8, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive (loss) Income
Consolidated Statements Of Comprehensive (loss) Income (parenthetical)
Consolidated Statements Of Equity
Consolidated Statements Of Operations
Acquisitions, Disposals And Other Transactions
Acquisitions, Disposals And Other Transactions (tables)
Acquisitions, Disposals And Other Transactions - Additional Information (detail)
Acquisitions, Disposals And Other Transactions - Schedule Of Fair Value Of Assets Acquired And Liabilities Assumed (detail)
Acquisitions, Disposals And Other Transactions - Schedule Of Total Fair Value Of Iproperty At Acquisition Date (detail)
Acquisitions, Disposals And Other Transactions - Schedule Of Total Transaction Value For Acquisition (detail)
Additional Financial Information
Additional Financial Information (tables)
Additional Financial Information - Components Of Accumulated Other Comprehensive (loss) Income (detail)
Additional Financial Information - Components Of Accumulated Other Comprehensive (loss) Income (parenthetical) (detail)
Additional Financial Information - Components Of Other Current Assets Included In Balance Sheets (detail)
Additional Financial Information - Components Of Other Current Liabilities (detail)
Additional Financial Information - Components Of Other Non-current Assets Included In Balance Sheets (detail)
Additional Financial Information - Components Of Other, Net Included In Statements Of Operations (detail)
Additional Financial Information - Components Of Other, Net Included In Statements Of Operations (parenthetical) (detail)
Borrowings
Borrowings (tables)
Borrowings - Additional Information (detail)
Borrowings - Schedule Of Borrowings (detail)
Borrowings - Scheduled Of Debt Maturities Excluding Other Obligations And Debt Issuance Costs (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Net Impact Of U.k. Newspaper Matters On Selling, General And Administrative Expenses (detail)
Commitments And Contingencies - Schedule Of Commitments By Fiscal Year Maturity (detail)
Commitments And Contingencies - Schedule Of Commitments By Fiscal Year Maturity (parenthetical) (detail)
Description Of Business And Basis Of Presentation
Discontinued Operations
Discontinued Operations (tables)
Discontinued Operations - Additional Information (detail)
Discontinued Operations - Summary Of Assets And Liabilities Held For Sale Related To Discontinued Operations (detail)
Discontinued Operations - Summary Of Results Of Operations And Cash Flows From Discontinued Operations (detail)
Discontinued Operations - Summary Of Results Of Operations From Discontinued Segment (detail)
Earnings (loss) Per Share
Earnings (loss) Per Share (tables)
Earnings (loss) Per Share - Computation Of Basic And Diluted Earnings Per Share (detail)
Equity-based Compensation
Equity-based Compensation (tables)
Equity-based Compensation - Additional Information (detail)
Equity-based Compensation - Summary Of Activity From Continuing And Discontinued Operations Related To Target Psus And Rsus Settled In Shares (detail)
Equity-based Compensation - Summary Of Activity From Continuing And Discontinued Operations Related To Target Psus And Rsus Settled In Shares (parenthetical) (detail)
Equity-based Compensation - Summary Of Equity-based Compensation Expense From Continuing Operations (detail)
Equity-based Compensation - Summary Of Stock Option Transactions (detail)
Equity-based Compensation - Summary Of Stock Option Transactions (parenthetical) (detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Additional Information (detail)
Goodwill And Other Intangible Assets - Schedule Of Carrying Values Of Intangible Assets And Related Accumulated Amortization (detail)
Goodwill And Other Intangible Assets - Schedule Of Carrying Values Of Intangible Assets And Related Accumulated Amortization (parenthetical) (detail)
Goodwill And Other Intangible Assets - Schedule Of Changes In Carrying Value Of Goodwill, By Segment (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Change In Unrecognized Tax Benefits, Excluding Interest And Penalties (detail)
Income Taxes - Effective Income Tax Rate Reconciliation (detail)
Income Taxes - Effective Income Tax Rate Reconciliation (parenthetical) (detail)
Income Taxes - Net Impact Of Tax Refund And Interest, Net Of Tax, Recorded In Statement Of Operations (detail)
Income Taxes - Schedule Of (loss) Income Before Income Tax (benefit) Expense Attributable To Jurisdictions (detail)
Income Taxes - Schedule Of Components Of Deferred Tax Assets And Liabilities (detail)
Income Taxes - Schedule Of Components Of Income Tax (benefit) Expense (detail)
Income Taxes - Schedule Of Components Of Income Tax (benefit) Expense (parenthetical) (detail)
Income Taxes - Schedule Of Income Tax Net Operating Loss Carryforwards (nols) (gross, Net Uncertain Tax Benefits) (detail)
Income Taxes - Summary Of Major Tax Jurisdictions And Fiscal Years Open To Examination (detail)
Income Taxes - Summary Of Recognized Current And Deferred Income Taxes In Balance Sheets (detail)
Investments
Investments (tables)
Investments - Additional Information (detail)
Investments - Schedule Of Available-for-sale Investments (detail)
Investments - Schedule Of Earnings Of Equity Affiliates (detail)
Investments - Schedule Of Earnings Of Equity Affiliates (parenthetical) (detail)
Investments - Schedule Of Investments (detail)
Investments - Schedule Of Investments (parenthetical) (detail)
Investments - Schedule Of Summarized Financial Information (detail)
Investments - Schedule Of Summarized Financial Information (parenthetical) (detail)
Other Postretirement Benefits
Other Postretirement Benefits - Additional Information (detail)
Property, Plant And Equipment
Property, Plant And Equipment (tables)
Property, Plant And Equipment - Additional Information (detail)
Property, Plant And Equipment - Components Of Property, Plant And Equipment (detail)
Property, Plant And Equipment - Components Of Property, Plant And Equipment (parenthetical) (detail)
Quarterly Data
Quarterly Data (tables)
Quarterly Data - Schedule Of Quarterly Financial Information (detail)
Redeemable Preferred Stock
Redeemable Preferred Stock - Additional Information (detail)
Related Party Transactions
Related Party Transactions (tables)
Related Party Transactions - Schedule Of Amount Of Receivables Due From And Payable To Related Parties (detail)
Related Party Transactions - Schedule Of Net Revenue From Related Parties (detail)
Restructuring Programs
Restructuring Programs (tables)
Restructuring Programs - Additional Information (detail)
Restructuring Programs - Schedule Of Changes In Restructuring Program Liabilities (detail)
Retirement Benefit Obligations
Retirement Benefit Obligations (tables)
Retirement Benefit Obligations - Additional Information (detail)
Retirement Benefit Obligations - Schedule Of Accumulated And Projected Benefit Obligations And Fair Value Of Plan Assets For Funded And Unfunded Pension Plans (detail)
Retirement Benefit Obligations - Schedule Of Accumulated Benefit Obligation Exceeds Fair Value Of Plan Assets (detail)
Retirement Benefit Obligations - Schedule Of Allocation Of Plan Assets (detail)
Retirement Benefit Obligations - Schedule Of Amounts In Accumulated Other Comprehensive (loss) Income Expected To Be Recognized As Component Of Net Periodic Pension Cost (detail)
Retirement Benefit Obligations - Schedule Of Amounts Recognized In Accumulated Other Comprehensive (loss) Income (detail)
Retirement Benefit Obligations - Schedule Of Amounts Recognized In Balance Sheets (detail)
Retirement Benefit Obligations - Schedule Of Assumptions Used (detail)
Retirement Benefit Obligations - Schedule Of Change In Projected Benefit Obligation, Change In Fair Value Of Plan Assets And Funded Status (detail)
Retirement Benefit Obligations - Schedule Of Change In Projected Benefit Obligation, Change In Fair Value Of Plan Assets And Funded Status (parenthetical) (detail)
Retirement Benefit Obligations - Schedule Of Components Of Net Periodic Costs (detail)
Retirement Benefit Obligations - Schedule Of Effect Of One Percentage Point Change In Assumed Health Care Cost Trend Rate (detail)
Retirement Benefit Obligations - Schedule Of Expected Benefit Payments (detail)
Retirement Benefit Obligations - Schedule Of Health Care Cost Trend Rates (detail)
Retirement Benefit Obligations - Schedule Of Weighted-average Asset Allocations, By Asset Category (detail)
Retirement Benefit Obligations - Summary Of Changes In Fair Value Of Investments Reflected As Level 3 Assets (detail)
Segment Information
Segment Information (tables)
Segment Information - Additional Information (detail)
Segment Information - Reconciliation Of Assets From Segments To Consolidated (detail)
Segment Information - Reconciliation Of Depreciation And Amortization, Capital Expenditures And Goodwill And Intangible Assets From Segments To Consolidated (detail)
Segment Information - Reconciliation Of Revenue And Segment Ebitda From Segments To Consolidated (detail)
Segment Information - Revenue And Long-lived Assets By Geographic Region (detail)
Segment Information - Revenue And Long-lived Assets By Geographic Region (parenthetical) (detail)
Stockholders' Equity
Stockholders' Equity (tables)
Stockholders' Equity - Additional Information (detail)
Stockholders' Equity- Summary Of Total Number And Value Of Shares Repurchased (detail)
Subsequent Events
Subsequent Events - Additional Information (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Summary Of Significant Accounting Policies - Components Of Receivables, Net (detail)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (tables)
Valuation And Qualifying Accounts - Schedule Of Valuation And Qualifying Accounts (detail)
Ticker: NWS
CIK: 1564708
Form Type: 10-K Annual Report
Accession Number: 0001193125-16-679975
Submitted to the SEC: Fri Aug 12 2016 7:19:00 AM EST
Accepted by the SEC: Fri Aug 12 2016
Period: Thursday, June 30, 2016
Industry: Newspapers Publishing Or Publishing And Printing

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