The increasingly-fragile nature of Rupert Murdoch's hold on News Corp (NWSA.O) has refocused attention on its dual-class share structure. As John Gapper noted last week, such structures aren't particularly good for minority shareholders like you or me. (The Gapper link, behind the Financial Times pay wall, is here: tinyurl.com/3onsy28 ) And if you plug today's share price into the Breakingviews Murdoch discount calculator, you'll see that the company is trading at roughly 30 percent below its fair value. (Here is the calculator: here ) Or, to put it another way, if Murdoch and his voting control were to disappear tomorrow, the shares could jump a good 45 percent.
News Corporation is a diversified global media company. Shares of NWSA fell by 4.32% or $-0.675/share to $14.96. In the past year, the shares have traded as low as $11.91 and as high as $18.35. On average, 23266400 shares of NWSA exchange hands on a given day and today's volume is recorded at 62415304.
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