NCRA News Corp A

TIDMNCRA

RNS Number : 4329Z

News Corporation

06 March 2013

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant 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

 
            Delaware                  26-0075658 
(State or other jurisdiction of      (IRS Employer 
         incorporation)           Identification No.) 
 

1211 Avenue of the Americas

New York, NY 10036

(Address of principal executive offices, including zip code)

212-852-7000

(Registrant's 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 registrant under 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))

   Item 8.01.    Other Events 

On March 4, 2013, News Limited, a subsidiary of News Corporation (the "Company"), sold 169,854,716 shares of SKY Network Television 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 March 8, 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 and incorporated herein by reference.

   Item 9.01.    Financial Statements and Exhibits 

Exhibit

   Number          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 behalf by the undersigned hereunto duly authorized.

 
                             News Corporation 
 
 
Date: March 06, 2013    By:           /s/ Janet Nova 
                             Janet Nova 
                             Senior Vice President and Deputy 
                              General Counsel 
 
 
 

EXHIBIT INDEX

 
Exhibit No.                                                                         Description 
EX-99.1      Press release of News Corporation, dated March 4, 2013. 
 

Exhibit 99.1

News Corporation

___________________________________________________________________________________

N E W S R E L E A S E

___________________________________________________________________________________

Contact:

Nathaniel Brown

News Corporation

nbrown@newscorp.com

212.852.7746

Stephen Browning

News Limited

+ 02 8114 7850

stephen.browning@news.com.au

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 44% stake 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 manage, the sales of its SKY shares. It is expected that the shares will be sold to a broad range of institutional and retail investors. 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 television business and has been an outstanding investment for News Corporation. We and SKY have always enjoyed an excellent, arms-length working relationship and we expect this to continue unaffected by the sale. In particular, we 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 of approximately 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 entertainment; television; direct broadcast satellite television; publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and Latin America .

This information is provided by RNS

The company news service from the London Stock Exchange

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