News Corp (FRA:NC0)
€ 23 0.6 (2.68%) Market Cap: 13.38 Bil Enterprise Value: 15.34 Bil PE Ratio: 69.53 PB Ratio: 1.77 GF Score: 72/100

News Corp at Credit Suisse Communications Conference Transcript

Jun 05, 2019 / 01:30PM GMT
Release Date Price: €10.17 (-0.88%)
Entcho Raykovski;dit Suisse AG
CrÃ;Research Division - Research Analyst

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I think we're on. So for those who don't know me, my name is Entcho Raykovski, and I cover Australian media at CS. I'd like to welcome Susan Panuccio, CFO of News Corp. Susan, thank you for joining us.

Susan Lee Panuccio
News Corporation - CFO

Thanks, Entcho.

Questions & Answers

Entcho Raykovski;dit Suisse AG
CrÃ;Research Division - Research Analyst

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If I can start today with a question that I know you get a lot but, I think it is still very much relevant. Now following the consolidation of Foxtel into the group, reported net cash has reduced substantially, but you still hold a fairly large cash balance, about $1.6 billion. So how do you think about balancing capital management versus further investment particularly in the context of that large cash balance?

Susan Lee Panuccio
News Corporation - CFO

Yes. You're right, we do get a

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