3 Media Stocks in Focus: News Corp.’s Major Holder, Netflix Sets Pay-TV Bar, Disney’s Blockbuster Delay
News Corp. (NASDAQ:NWSA): Southeastern Asset Management has purchased an 11.9 percent block of News Corp.’s voting rights, representative of a 4.1 percent economic interest. Based on Tuesday’s closing price of $16.72, the stake is worth around $397 million. It is the second-largest holding, trailing only Rupert Murdoch himself; Murdoch holds a 39 percent share of the voting stock. Southeastern, known for its value investing, says it has no plans to influence News Corp.