New News Corp has a blockbuster start

Murdoch's new entities appear to have plenty of fans.

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In June, billionaire media mogul Mr Rupert Murdoch reorganised News Corp, the company he founded, into two separate businesses.

The original firm has been renamed Twenty-First Century Fox (ASX: FOX) and houses media and entertainment assets including FOX, National Geographic, STAR and Twentieth Century Fox Film. While a new, second listed entity New News Corp (ASX: NNC) holds a mixture of news and information services including newspaper mastheads The Australian, The Sun and The Wall Street Journal, book publisher HarperCollins and a shareholding in pay-TV company Foxtel.

While there is significant debate amongst analysts and investors regarding the outlook for New Newscorp, due to the firm's exposure to 'old media' assets which are potentially in structural decline, the share price performance tells a different story.

Compared with a flat return from the S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO), since listing New Newscorp is up nearly 21%. Meanwhile, Twenty-First Century Fox, which investors almost universally agree houses the more appealing assets, has also outperformed the index with a return of over 9%. There early gains for New Newscorp shareholders come in stark contrast to the controversial recent listing of website owner iSelect (ASX: ISU) which is yet to trade above its IPO price.

NNC

Source: Google Finance

In the market for high-yielding ASX shares? Get "3 Stocks for the Great Dividend Boom" in our special FREE report. Click here now to find out the names, stock symbols, and full research for our three favourite income ideas, all completely free!

More reading


Motley Fool contributor Tim McArthur owns shares in New News Corp and Twenty-First Century Fox.

More on ⏸️ Investing

A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares
Technology Shares

Joining the revolution: How I'd invest in ASX AI shares right now

Advances in artificial intelligence (AI) could usher in a new industrial revolution. Here’s how you can invest in it.

Read more »

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »