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News Corp. (NASDAQ:NWSA): The company will begin its largely print-based publishing company with no debt along with $2.6 billion in cash with the completion of the spin-off. The amount of cash and debt were expected by most analysts, and it provides the publishing company with the ability to go off and buy other assets should it choose. On Friday, the company released the details in a regulatory filing. “You can never count out Murdoch when it comes to buying companies,” stated Gabelli & Co analyst Brett Harriss. The analyst predicts that the largely print-based publishing company will possess an enterprise value totaling nearly $13 billion, including the cash; its newspaper assets like The Wall Street Journal and Times of London, book publisher HarperCollins, and its ownership stake in other assets, such as Australian pay-TV company Foxtel.
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