Filed under: News Corp'B' (NWS)
News Corp. (NWS) competes with other media conglomerates like The Walt Disney Company (DIS), CBS Corporation (CBS), Time Warner, Inc. (TWX), Viacom, Inc. (VIA) and The New York Times Company (NYT) in the media and entertainment business. Our price estimate for News Corp's stock stands at $23.20, which is a premium of roughly 25% to market price.
News Corp. recently revealed its digital magazine "The Daily," specifically designed for Apple, Inc.'s (AAPL) iPad. Rather than being a modification of existing magazines or newspapers, this is a completely new product optimized for tablet viewing. The company had reportedly invested about $30 million to create the product.
Continue reading News Corp. Launches Digital Magazine; Stock Still Depends on 'Old Media'
News Corp. Launches Digital Magazine; Stock Still Depends on 'Old Media' originally appeared on BloggingStocks on Thu, 10 Mar 2011 16:30:00 EST. Please see our terms for use of feeds.
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Full story at http://www.pheedcontent.com/click.phdo?i=44bd2839618849a92b503a6040f0b8ee
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