nws_selling stake in sky_new zealand

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  • 7/26/2019 NWS_Selling Stake in Sky_New Zealand

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    N E W S C O R P

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    http://www.edgar-online.com/
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    UNITED STATESSECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

    Form 8-K

    CURRENT REPORTPursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported): 03/04/2013

    News Corporation(Exact name of registrant as specified in its charter)

    Commission File Number: 001-32352

    1211 Avenue of the Americas

    New York, NY 10036(Address of principal executive offices, including zip code)

    212-852-7000(Registrants telephone number, including area code)

    (Former name or former address, if changed since last report)

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrantunder any of the following provisions:

    ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Delaware 26-0075658(State or other jurisdiction of (IRS Employer

    incorporation) Identification No.)

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    tem 8.01. Other Events

    On March 4, 2013, News Limited, a subsidiary of News Corporation (the "Company"), sold 169,854,716 shares of SKY NetworkTelevision Limited ("SKT") at a price of NZ$4.80 per share (US$3.97 per share). It is expected that settlement of the sale will occur on Ma

    , 2013.

    A copy of the Company's press release announcing News Limited's sale of its 44% stake in SKT is attached hereto as Exhibit 99.1 anncorporated herein by reference.

    tem 9.01. Financial Statements and Exhibits

    ExhibitNumber Description________________________________________99.1 Press release of News Corporation, dated March 4, 2013.

    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behy the undersigned hereunto duly authorized.

    News Corporation

    Date: March 06, 2013 By: /s/ Janet Nova

    Janet NovaSenior Vice President and Deputy GeneralCounsel

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    EXHIBIT INDEX

    Exhibit No. Description

    X-99.1 Press release of News Corporation, dated March 4, 2013.

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    Exhibit 9

    News Corporation__________________________________________________________________________________

    N E W S R E L E A S E__________________________________________________________________________________

    Contact:Nathaniel BrownNews [email protected]

    Stephen BrowningNews Limited+ 02 8114 [email protected]

    FOR IMMEDIATE RELEASE

    News Corporation to Sell Stake in New Zealand's SKY Network Television Limited

    Sydney, Australia - March 4, 2013 -- News Corporation announced that its News Limited subsidiary will divest its 4take in SKY Network Television Limited, New Zealand's pre-eminent pay television broadcasting service.

    News Limited has appointed Deutsche Bank to underwrite and, together with Craigs Investment Partners, to managehe sales of its SKY shares. It is expected that the shares will be sold to a broad range of institutional and retailnvestors. Following the sales, News Limited will no longer have any holding in SKY Network Television Limited.

    Chase Carey, President and Chief Operating Officer, News Corporation said: "SKY is a world class subscription

    elevision business and has been an outstanding investment for News Corporation. We and SKY have always enjoyen excellent, arms-length working relationship and we expect this to continue unaffected by the sale. In particular, w

    do not anticipate any change to current arrangements regarding access to content and collaboration on technology."

    As a result of the sale, Michael Miller, Regional Director of News Limited, will resign from the board of SKY.

    About News Corporation

    News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of December 31, 2012 ofpproximately US$63 billion and total annual revenues of approximately US$34 billion. News Corporation is a

    diversified global media company with operations in six industry segments: cable network programming; filmed

    ntertainment; television; direct broadcast satellite television; publishing; and other. The activities of News Corporare conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and Latin

    America .