News Corp (LTS:0K7U)

$ 28.11 0.6096 (2.23%) Market Cap: 16.62 Bil Enterprise Value: 19.81 Bil PE Ratio: 45.56 PB Ratio: 1.95 GF Score: 66/100

News Corp at Credit Suisse Communications Conference Transcript

Jun 05, 2019 / 01:30PM GMT

Release Date Price: $11.62

Transcript

Entcho Raykovski;dit Suisse AG

CrÃ;Research Division - Research Analyst

© -

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

© -

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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