Will News Corp’s Stake Sale Be Acceptable to These Top Institutional Shareholders?

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News Corp. (NASDAQ:NWSA) agreed to sell a 5.28 percent stake in Phoenix Satellite Television Holdings for a total of nearly $92 million, as the media giant plans to restructure itself into separate companies. ”Today’s sale is simply a part of our broader global agenda of simplifying our affiliate ownership structures,” stated James Murdoch, deputy chief operating officer of News Corp. Star Entertainment Holdings Ltd., which is a News Corp. unit, will continue to hold almost 12.2 percent of the Hong Kong-based television broadcaster after the sale. This deal comes during News Corp.’s preparation to spin off its publishing business into a separate publicly traded company, according to Dow Jones Newswires. Additionally, the new publishing company will keep its News Corp. name, and it will include titles like The Wall Street Journal and the New York Post, and media assets in the U.K. and Australia and book publisher HarperCollins.

These institutional firms indicated owning shares of News Corp in Q4 2012. They reported owning a total of 1.422 billion shares on 12/31/2012. The shares closed at $25.44 on 12/31/2012.

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Here are the ten largest positions in News Corp. at the end of December 31, 2012.

Vanguard Group Inc held 85,939,439 shares on 12/31/2012 worth $2,192,315,109. This brought the portfolio total to 0.27 percent.

Yacktman Asset Management LP held 80,106,935 shares on 12/31/2012 worth $2,043,527,930. This brought the portfolio total to 12.25 percent.

State Street Corp held 78,374,408 shares on 12/31/2012 worth $1,999,331,166. This brought the portfolio total to 0.29 percent.

Dodge & Cox held 73,990,044 shares on 12/31/2012 worth $1,887,486,039. This brought the portfolio total to 2.53 percent.

Blackrock Institutional Trust Company N.A. held 52,658,568 shares on 12/31/2012 worth $1,343,320,082. This brought the portfolio total to 0.31 percent.

Capital Research Global Investors held 51,038,273 shares on 12/31/2012 worth $1,301,986,356. This brought the portfolio total to 0.62 percent.

Janus Capital Management LLC held 50,745,635 shares on 12/31/2012 worth $1,294,521,160. This brought the portfolio total to 1.42 percent.

Childrens Investment Fund Management (UK) LLP held 34,348,479 shares on 12/31/2012 worth $876,229,707. This brought the portfolio total to 61.42 percent.

Viking Global Investors LP held 34,295,229 shares on 12/31/2012 worth $874,871,300. This brought the portfolio total to 6.06 percent.

FMR LLC held 29,914,224 shares on 12/31/2012 worth $763,111,861. This brought the portfolio total to 0.14 percent.

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