TITLE

News Corp. hits the road to U.S

AUTHOR(S)
Bennett, Ray; Taylor, Joel
PUB. DATE
April 2004
SOURCE
Hollywood Reporter -- International Edition;4/13/2004, Vol. 383 Issue 21, p76
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Taking the old "Follow the money" mantra to heart, Rupert Murdoch's News Corp. will leave its Australian home base behind and move its headquarters and primary stock listing to New York by year's end. The reincorporation, which was unveiled on April 6 and has long been considered an option for the firm, will allow the media giant to boost its U.S.-listed stock, reach more institutional investors, get better access to capital markets and reduce its cost of capital, according to Wall Street observers.
ACCESSION #
12945487

 

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