News Corp spinoff falls in Sydney as Murdoch splits company

News Corp fell in its Sydney debut as stock in the billionaire’s newspaper assets started trading separately in a split from his entertainment businesses.

19th June, 2013
Rupert Murdoch.

News Corp, the Wall Street Journal publisher spun off by Rupert Murdoch, fell in its Sydney debut as stock in the billionaire’s newspaper assets started trading separately in a split from his entertainment businesses.

The Chess depositary interests, the Australian equivalent of an ADR, debuted at A$15 before dropping 3 per cent to A$14.55 at the close in Sydney. Shares in the US television and movie businesses, which will be renamed 21st Century...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago