Will News Corp Stock Trade Lower Post Q4 Results

[Note: News Corp Fiscal Year Ends in June]

News Corp stock (NASDAQ
NDAQ
: NWSA), a global, diversified media and information services company, is scheduled to report its fourth-quarter results on Thursday, August 10. We expect NWSA’s stock to trade lower due to revenues and earnings missing expectations in its fourth-quarter results. The traditional publishing industry is facing disruption due to digital news and information outlets. While NWSA’s pay-television operations in Fox Sports and Foxtel provide some protection from the challenges in the publishing business, they, too, face growing pressure from digital streaming alternatives.