News Corp (ASX:NWS) to buy HMH Books & Media Segment

30Mar

News Corp (ASX:NWS) to buy HMH Books & Media Segment

 

News Corp (ASX:NWS) entered into an agreement to acquire the Books & Media segment of Houghton Mifflin Harcourt.

The business will be operated by HarperCollins Publishers, a News Corp subsidiary.

In calendar year 2020, over 60 per ceng of HMH Books & Media revenues were generated by its formidable backlist.

Among the most popular of the more than 7000 titles in the HMH Books & Media backlist are: The Lord of the Rings trilogy and other titles by J.R.R. Tolkien; 1984 and Animal Farm by George Orwell; and All the King’s Men by Robert Penn Warren, among many others.

HarperCollins currently has rights to J.R.R. Tolkien’s works in the British Commonwealth.

Shares in News Corp (ASX:NWS) are trading 0.96 per cent lower at $30.80.
 
Copyright 2021 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

14Aug

Biotech CSL NPAT rises 11%

14 Aug 2019 - Biotech CSL (ASX:CSL) report their net profit after tax US$1.9 billion up 11 per cent on the prior corresponding period US$1.7 billion.

Read More
11Jun

Nickel Mines (ASX:NIC) completion of retail entitlement offer

11 Jun 2020 - Nickel Mines (ASX:NIC) raised approximately $179 million at $0.50 per New Share in their institutional component of the Entitlement Offer.

Read More
19Aug

Stocks of the Hour: Bendigo Bank, Beach Energy & Lendlease

16 Aug 2021 - A snapshot of the stocks on the move, featuring Bendigo and Adelaide Bank (ASX:BEN), Beach Energy (ASX:BPT) & Lendlease (ASX:LLC).

Read More
27Sep

City Chic Collective (ASX:CCX) potential acquisition

27 Sep 2019 - Plus sized apparel company, City Chic Collective (ASX:CCX) has placed an initial bid on the assets of US based e-commerce company Avenue Stores.

Read More
26Feb

Hotel Property Investments (ASX:HPI) enter agreements for two new hotel acquisitions

26 Feb 2020 - Hotel Property Investments (ASX:HPI) has entered into agreements to acquire two metropolitan hotel properties for total consideration of $60 million.

Read More
13Aug

Telstra (ASX:TLS) to pay dividend despite 14.4% profit drop

13 Aug 2020 - Telstra (ASX:TLS) has reported a 14.4% drop in net profit after tax to $1.8 billion, taking the telco’s total income to a loss of 5.9% to $26.2 billion.

Read More
02Jun

ANZ (ASX:ANZ) announce sale of UDC Finance

02 Jun 2020 - ANZ (ASX:ANZ) it has agreed to sell its asset finance business in New Zealand, UDC Finance, for NZ$762 million that’s $706 million Australian to Shinsei Bank.

Read More
03Jul

Adbri (ASX:ABC) subsidiary loses $70M services contract

03 Jul 2020 - Cockburn Cement, which is a subsidiary of Adbri (ASX:ABC) has been informed by Alcoa of Australia that the company has elected not to renew its current lime supply contract.

Read More
04May

Westpac (ASX:WBC) defers dividend

04 May 2020 - Westpac (ASX:WBC) has deferred the decision on determining an interim dividend and no dividend will be paid in June 2020.

Read More
12Jan

Stocks of the Hour: Euro Manganese, Golden Deeps, Bastion Minerals

12 Jan 2023 - A snapshot of the stocks on the move featuring Euro Manganese (ASX:EMN), Golden Deeps (ASX:GED) and Bastion Minerals (ASX:BMO).

Read More