Friday, 27 July 2012
SPRINGHILL GROUP: Uni keeps quiet on claim of warning by massacre su...
SPRINGHILL GROUP: Uni keeps quiet on claim of warning by massacre su...: http://omarvelo-springhillgroup.blogspot.co.uk/2012/07/uni-keeps-quiet-on-claim-of-warning-by.html AURORA, Colorado: University of Colo...
Uni keeps quiet on claim of warning by massacre suspect l Blogger
http://omarvelo-springhillgroup.blogspot.co.uk/2012/07/uni-keeps-quiet-on-claim-of-warning-by.html
AURORA, Colorado: University of Colorado officials have faced questions about whether the suspect in last week's shooting rampage tried to warn a psychiatrist about his plan up to a week before the incident.
The questions arose after Fox News reported that the shooting suspect, James Holmes, a graduate student, had posted to a university psychiatrist a detailed journal that foreshadowed a gun-blazing massacre - in a package that was not opened before the killings.
University officials declined to provide details about a package seized from the campus by police on Monday, other than to say that campus mail was delivered promptly and no parcels would sit for a week in the university's mail room.
On Wednesday The Denver Post quoted an unidentified law-enforcement official as confirming that Mr Holmes had mailed a notebook to the psychiatrist. The official told the paper he did not know what it contained.
University officials and representatives for local and federal law enforcement agencies did not dispute the reports of Mr Holmes's journal. They said a judge's order prevented them discussing the investigation.
''We are not allowed to discuss anything,'' said an Aurora police spokesman, Frank Fania.
Phone calls to the university psychiatric clinic were directed to a university spokeswoman, Jacque Montgomery, who declined to discuss the package or the identity of the sender.
The university has confirmed that two buildings on campus had been evacuated on Monday in a search involving two suspicious packages.
Early on Monday investigators using robots and bomb-sniffing dogs searched the main campus administration building for more than four hours after a package had been discovered slipped under the door of a faculty member.
This building houses the medical school, public health school and the outpatient psychiatric clinic.
Later that day, the university said, another suspicious package arrived through the central mail system at the campus services building, which was then evacuated and searched.
In both cases, officials said at the time, the packages posed no threat to safety on campus.
But the Fox News report said the search yielded Mr Holmes's journal, which contained sketches of stick-figure attackers carrying guns and mowing down other stick people with a hail of bullets.
The sources cited by Fox said the package with the journal had been sent to the mail room on July 12, eight days before the rampage Holmes is accused of at the Aurora Century 16 movie theatre. The attack left 12 dead and dozens injured.
The Denver Post quoted university officials as saying one of the suspicious packages investigated on Monday had been delivered to campus by the US Postal Service on the same day.
Mr Holmes's mother has confided deep concerns about her son's isolation over the years and sought counselling for him, family friends have told The Denver Post.
The university said on Wednesday that all mail received from the US Postal Service was delivered promptly to the intended recipient once it arrived in the campus mail room.
VISIT US AT: http://inthenews.springhillgroupcounselling.com/
SPRINGHILL GROUP: Pak embassy provides career counselling to student...
SPRINGHILL GROUP: Pak embassy provides career counselling to student...: http://omarvelo-springhillgroup.blogspot.co.uk/2012/07/pak-embassy-provides-career-counselling.html Pakistan ambassador Jamil Ahmed Khan ...
Pak embassy provides career counselling to students l Blogger | jorgiefhools | Social Bookmarking .Net
Pak embassy provides career counselling to students l Blogger | jorgiefhools | Social Bookmarking .Net
Pakistan ambassador Jamil Ahmed Khan has extended career-counselling for the brightest of Pakistani students reserving first working day of the month for an advisory chat over a cup of tea.
He made the announcement while addressing a ceremony organised at the embassy on Monday to present commendation certificates to 32 bright young UAE-based Pakistani students enrolled in various schools in the UAE, who clinched top positions in the Islamabad board’s matric exams and Cambridge exams held in the country.
The ceremony drew a jolly crowd comprising students, proud teachers and happy parents.
Khan, who is the patron-in-chief of all Pakistani schools in the UAE, congratulated the high scorers for bringing joy and pride to the community and the nation and praised the parents and teachers for providing the enabling environment for the young minds to excel.
The envoy cited examples from South Korea and recalled how enhanced school enrolment in the country led to the making of knowledge economy with higher per capita output. “Knowledge economies all over the world are propelled forward by their brightest, like the ones we have in our midst today,” Khan added.
He termed education as the best remedy to cure the menace of extremism and terrorism, plaguing the world peace and security.
Pak embassy provides career counselling to students l Blogger
http://omarvelo-springhillgroup.blogspot.co.uk/2012/07/pak-embassy-provides-career-counselling.html
Pakistan ambassador Jamil Ahmed Khan has extended career-counselling for the brightest of Pakistani students reserving first working day of the month for an advisory chat over a cup of tea.
He made the announcement while addressing a ceremony organised at the embassy on Monday to present commendation certificates to 32 bright young UAE-based Pakistani students enrolled in various schools in the UAE, who clinched top positions in the Islamabad board’s matric exams and Cambridge exams held in the country.
The ceremony drew a jolly crowd comprising students, proud teachers and happy parents.
Khan, who is the patron-in-chief of all Pakistani schools in the UAE, congratulated the high scorers for bringing joy and pride to the community and the nation and praised the parents and teachers for providing the enabling environment for the young minds to excel.
The envoy cited examples from South Korea and recalled how enhanced school enrolment in the country led to the making of knowledge economy with higher per capita output. “Knowledge economies all over the world are propelled forward by their brightest, like the ones we have in our midst today,” Khan added.
He termed education as the best remedy to cure the menace of extremism and terrorism, plaguing the world peace and security.
SEE MORE: http://springhillgroupcounselling.com/
Friday, 20 July 2012
Springhill Group l Tumblr - Zimbio - Topix
Springhill Group l Tumblr - Zimbio - Topix
Springhill Group Home Rural Housing Finance Features offers home loans in rural areas for: Construction of Houses on plot owned by you Addition of more rooms or floors to your existing house Renovation & Improvement of your house Purchase of a new house For Agriculturists: If you are a farmer/planter/horticulturist/dairy farmer etc. having your own land and looking to have your own home, get in touch with us. Specially Designed Housing Loans for Agriculturists. Loan eligibility on the basis of land owned by you and the crops being cultivated. Housing Loan in residential area of your own village Loans for buying house or flat in city of your choice For Salaried & Self Employed: Everyone wants a place to call home, and then what better place than your village or town to own one. Housing Loans for homes in rural areas for Salaried persons Housing Loans for homes in rural areas for Self Employed Businessmen or Self Employed Professional.
Springhill Group Home Rural Housing Finance Features offers home loans in rural areas for: Construction of Houses on plot owned by you Addition of more rooms or floors to your existing house Renovation & Improvement of your house Purchase of a new house For Agriculturists: If you are a farmer/planter/horticulturist/dairy farmer etc. having your own land and looking to have your own home, get in touch with us. Specially Designed Housing Loans for Agriculturists. Loan eligibility on the basis of land owned by you and the crops being cultivated. Housing Loan in residential area of your own village Loans for buying house or flat in city of your choice For Salaried & Self Employed: Everyone wants a place to call home, and then what better place than your village or town to own one. Housing Loans for homes in rural areas for Salaried persons Housing Loans for homes in rural areas for Self Employed Businessmen or Self Employed Professional.
Springhill Group l Tumblr - Zimbio
Springhill Group l Tumblr - Zimbio
Springhill Group Home Rural Housing Finance Features offers home loans in rural areas for: Construction of Houses on plot owned by you Addition of more rooms or floors to your existing house Renovation & Improvement of your house Purchase of a new house For Agriculturists: If you are a farmer/planter/horticulturist/dairy farmer etc. having your own land and looking to have your own home, get in touch with us. Specially Designed Housing Loans for Agriculturists. Loan eligibility on the basis of land owned by you and the crops being cultivated. Housing Loan in residential area of your own village Loans for buying house or flat in city of your choice For Salaried & Self Employed: Everyone wants a place to call home, and then what better place than your village or town to own one. Housing Loans for homes in rural areas for Salaried persons Housing Loans for homes in rural areas for Self Employed Businessmen or Self Employed Professional.
Springhill Group Home Rural Housing Finance Features offers home loans in rural areas for: Construction of Houses on plot owned by you Addition of more rooms or floors to your existing house Renovation & Improvement of your house Purchase of a new house For Agriculturists: If you are a farmer/planter/horticulturist/dairy farmer etc. having your own land and looking to have your own home, get in touch with us. Specially Designed Housing Loans for Agriculturists. Loan eligibility on the basis of land owned by you and the crops being cultivated. Housing Loan in residential area of your own village Loans for buying house or flat in city of your choice For Salaried & Self Employed: Everyone wants a place to call home, and then what better place than your village or town to own one. Housing Loans for homes in rural areas for Salaried persons Housing Loans for homes in rural areas for Self Employed Businessmen or Self Employed Professional.
SPRINGHILL GROUP: Springhill Group l Blogger - Zimbio
SPRINGHILL GROUP: Springhill Group l Blogger - Zimbio: http://www.zimbio.com/Springhill+Group/articles/jarQ9zVeQXh/Springhill+Group+l+Blogger The online community is all abuzz on Sunday afte...
SPRINGHILL GROUP: Springhill Group l Tumblr - Zimbio
SPRINGHILL GROUP: Springhill Group l Tumblr - Zimbio: http://www.zimbio.com/Springhill+Group/articles/0Up30kaiDA5/Springhill+Group+l+Tumblr Springhill Group Home Rural Housing Finance Features...
Springhill Group l Blogger - Zimbio
http://www.zimbio.com/Springhill+Group/articles/jarQ9zVeQXh/Springhill+Group+l+Blogger
The online community is all abuzz on Sunday after an explosive report has accused Facebook of snooping in smartphone users’ text messages.
Though Facebook admitted to reading SMS of users who have downloaded their app, they said they are only doing so as part of a limited testing phase prior to launching their own messaging service and not to deliberately expose users to fraud.
The Facebook app running on Android is authorized to process, read, receive and write SMS, something they have declared in their terms beginning from the 1.7 version. Facebook said this is in anticipation of new features that will integrate Facebook tools with user texts. Now, if Facebook eventually introduces a feature that will be applicable to those permissions, they are ensuring the users even now that it will be accompanied by proper educational and guiding materials.
Facebook retorted that users should be aware that it said it might access their messages, contained under “Permissions” — that long article you are expected to have read before downloading/using the app. Unfortunately, 70% of smartphone users do not seem to have the time for reading the terms and conditions attached to an app.
Other popular companies that are using smartphones to access data and other personal details of users include Yahoo Messenger, Badoo, Google and Flickr.
Springhill Group l Tumblr - Zimbio
http://www.zimbio.com/Springhill+Group/articles/0Up30kaiDA5/Springhill+Group+l+Tumblr
Springhill Group Home Rural Housing Finance Features offers home loans in rural areas for: Construction of Houses on plot owned by you Addition of more rooms or floors to your existing house Renovation & Improvement of your house Purchase of a new house For Agriculturists: If you are a farmer/planter/horticulturist/dairy farmer etc. having your own land and looking to have your own home, get in touch with us. Specially Designed Housing Loans for Agriculturists. Loan eligibility on the basis of land owned by you and the crops being cultivated. Housing Loan in residential area of your own village Loans for buying house or flat in city of your choice For Salaried & Self Employed: Everyone wants a place to call home, and then what better place than your village or town to own one. Housing Loans for homes in rural areas for Salaried persons Housing Loans for homes in rural areas for Self Employed Businessmen or Self Employed Professional.
Springhill Group Home Rural Housing Finance Features offers home loans in rural areas for: Construction of Houses on plot owned by you Addition of more rooms or floors to your existing house Renovation & Improvement of your house Purchase of a new house For Agriculturists: If you are a farmer/planter/horticulturist/dairy farmer etc. having your own land and looking to have your own home, get in touch with us. Specially Designed Housing Loans for Agriculturists. Loan eligibility on the basis of land owned by you and the crops being cultivated. Housing Loan in residential area of your own village Loans for buying house or flat in city of your choice For Salaried & Self Employed: Everyone wants a place to call home, and then what better place than your village or town to own one. Housing Loans for homes in rural areas for Salaried persons Housing Loans for homes in rural areas for Self Employed Businessmen or Self Employed Professional.
Monday, 16 July 2012
Springhill Group: DPRK jams GPS of ROK Airlines l Multiply | Dropjack - Topix
Springhill Group: DPRK jams GPS of ROK Airlines l Multiply | Dropjack - Topix
GPS jamming signals coming from North Korea has forced South Korea to order its military and civilian air transports to switch on alternative navigational devices to avoid disruption.
A statement from the ministry has confirmed that they were able to warn airlines and pilots of the 241 affected South Korean flights along with the 11 foreign airlines like Thai Airways, AirPhil, FedEx, Japan Airlines and Cathay Pacific Airways. But even as the GPS jamming signals continued, South Korea sees no serious threat to navigational safety.
Korea Communications Commission confirmed that the GPS jamming signals have been coming from a city on North Korea side of the border. “We’ve traced the jamming signals to the direction of Kaesong,” a commission deputy director told Springhill Group.
According to the transport agency, planes that suffered from GPS signal jamming were instructed to use the alternative navigation systems and were not delayed in their schedules. The signal jamming appears to be focused on air traffic at Gimpo and Incheon airports, both of which are around 30 miles from the border.
Despite the GPS disruption, Springhill Group reports that there was no serious threat to flight safety as airplanes are capable of using other navigation devices like inertial navigation system and very-high-frequency omni-directional range (VOR). Meanwhile, military communications and transportation were not greatly affected as they do not primarily depend on the GPS system.
GPS jamming signals coming from North Korea has forced South Korea to order its military and civilian air transports to switch on alternative navigational devices to avoid disruption.
A statement from the ministry has confirmed that they were able to warn airlines and pilots of the 241 affected South Korean flights along with the 11 foreign airlines like Thai Airways, AirPhil, FedEx, Japan Airlines and Cathay Pacific Airways. But even as the GPS jamming signals continued, South Korea sees no serious threat to navigational safety.
Korea Communications Commission confirmed that the GPS jamming signals have been coming from a city on North Korea side of the border. “We’ve traced the jamming signals to the direction of Kaesong,” a commission deputy director told Springhill Group.
According to the transport agency, planes that suffered from GPS signal jamming were instructed to use the alternative navigation systems and were not delayed in their schedules. The signal jamming appears to be focused on air traffic at Gimpo and Incheon airports, both of which are around 30 miles from the border.
Despite the GPS disruption, Springhill Group reports that there was no serious threat to flight safety as airplanes are capable of using other navigation devices like inertial navigation system and very-high-frequency omni-directional range (VOR). Meanwhile, military communications and transportation were not greatly affected as they do not primarily depend on the GPS system.
News Corp Splitting Into 2 Companies l Multiply | Dropjack - Topix
News Corp Splitting Into 2 Companies l Multiply | Dropjack - Topix
Embattled Rupert Murdoch’s empire, News Corp. appears to be planning a spin-off of its core businesses.
Its own flagship newspaper, The Wall Street Journal, has reported this week that the company’s board is considering a proposal that will make its publishing arm into a separate company.
Springhill Group Home analysts expect such separation of assets would appease regulators and could help it to avoid selling a USD 6.9 billion stake. Fortunately, the same became true for investors as the announcement was met with the rallying of News Corp’s stock to 8.3% high — the highest level it has reached since 2007.
“News Corp. has one of the best TV businesses, but some people like musty, dusty publishing companies that pay great dividends. It’s a good thing for shareholders.” said an analyst from Lazard Capital.
The media conglomerate has not yet specified which business units would be grouped together but the company is reportedly mulling to separate the entertainment operations from the book and newspaper publishing one.
News Corp’s publishing business brought in USD 8.8 billion in profit last year, accounting for about 7% of the company’s enterprise value or 24% of the revenues. This division includes a number of prominent newspapers (Times of London, The Wall Street Journal, New York Post, The Australian and the Sun) and HarperCollins book publisher, all of which are valued for around USD 5 billion.
Embattled Rupert Murdoch’s empire, News Corp. appears to be planning a spin-off of its core businesses.
Its own flagship newspaper, The Wall Street Journal, has reported this week that the company’s board is considering a proposal that will make its publishing arm into a separate company.
Springhill Group Home analysts expect such separation of assets would appease regulators and could help it to avoid selling a USD 6.9 billion stake. Fortunately, the same became true for investors as the announcement was met with the rallying of News Corp’s stock to 8.3% high — the highest level it has reached since 2007.
“News Corp. has one of the best TV businesses, but some people like musty, dusty publishing companies that pay great dividends. It’s a good thing for shareholders.” said an analyst from Lazard Capital.
The media conglomerate has not yet specified which business units would be grouped together but the company is reportedly mulling to separate the entertainment operations from the book and newspaper publishing one.
News Corp’s publishing business brought in USD 8.8 billion in profit last year, accounting for about 7% of the company’s enterprise value or 24% of the revenues. This division includes a number of prominent newspapers (Times of London, The Wall Street Journal, New York Post, The Australian and the Sun) and HarperCollins book publisher, all of which are valued for around USD 5 billion.
Springhill Group: DPRK jams GPS of ROK Airlines l Multiply | Dro
Springhill Group: DPRK jams GPS of ROK Airlines l Multiply | Dro
GPS jamming signals coming from North Korea has forced South Korea to order its military and civilian air transports to switch on alternative navigational devices to avoid disruption.
A statement from the ministry has confirmed that they were able to warn airlines and pilots of the 241 affected South Korean flights along with the 11 foreign airlines like Thai Airways, AirPhil, FedEx, Japan Airlines and Cathay Pacific Airways. But even as the GPS jamming signals continued, South Korea sees no serious threat to navigational safety.
Korea Communications Commission confirmed that the GPS jamming signals have been coming from a city on North Korea side of the border. “We’ve traced the jamming signals to the direction of Kaesong,” a commission deputy director told Springhill Group.
According to the transport agency, planes that suffered from GPS signal jamming were instructed to use the alternative navigation systems and were not delayed in their schedules. The signal jamming appears to be focused on air traffic at Gimpo and Incheon airports, both of which are around 30 miles from the border.
Despite the GPS disruption, Springhill Group reports that there was no serious threat to flight safety as airplanes are capable of using other navigation devices like inertial navigation system and very-high-frequency omni-directional range (VOR). Meanwhile, military communications and transportation were not greatly affected as they do not primarily depend on the GPS system.
GPS jamming signals coming from North Korea has forced South Korea to order its military and civilian air transports to switch on alternative navigational devices to avoid disruption.
A statement from the ministry has confirmed that they were able to warn airlines and pilots of the 241 affected South Korean flights along with the 11 foreign airlines like Thai Airways, AirPhil, FedEx, Japan Airlines and Cathay Pacific Airways. But even as the GPS jamming signals continued, South Korea sees no serious threat to navigational safety.
Korea Communications Commission confirmed that the GPS jamming signals have been coming from a city on North Korea side of the border. “We’ve traced the jamming signals to the direction of Kaesong,” a commission deputy director told Springhill Group.
According to the transport agency, planes that suffered from GPS signal jamming were instructed to use the alternative navigation systems and were not delayed in their schedules. The signal jamming appears to be focused on air traffic at Gimpo and Incheon airports, both of which are around 30 miles from the border.
Despite the GPS disruption, Springhill Group reports that there was no serious threat to flight safety as airplanes are capable of using other navigation devices like inertial navigation system and very-high-frequency omni-directional range (VOR). Meanwhile, military communications and transportation were not greatly affected as they do not primarily depend on the GPS system.
News Corp Splitting Into 2 Companies l Multiply | Dropjack
News Corp Splitting Into 2 Companies l Multiply | Dropjack
Embattled Rupert Murdoch’s empire, News Corp. appears to be planning a spin-off of its core businesses.
Its own flagship newspaper, The Wall Street Journal, has reported this week that the company’s board is considering a proposal that will make its publishing arm into a separate company.
Springhill Group Home analysts expect such separation of assets would appease regulators and could help it to avoid selling a USD 6.9 billion stake. Fortunately, the same became true for investors as the announcement was met with the rallying of News Corp’s stock to 8.3% high — the highest level it has reached since 2007.
“News Corp. has one of the best TV businesses, but some people like musty, dusty publishing companies that pay great dividends. It’s a good thing for shareholders.” said an analyst from Lazard Capital.
The media conglomerate has not yet specified which business units would be grouped together but the company is reportedly mulling to separate the entertainment operations from the book and newspaper publishing one.
News Corp’s publishing business brought in USD 8.8 billion in profit last year, accounting for about 7% of the company’s enterprise value or 24% of the revenues. This division includes a number of prominent newspapers (Times of London, The Wall Street Journal, New York Post, The Australian and the Sun) and HarperCollins book publisher, all of which are valued for around USD 5 billion.
Embattled Rupert Murdoch’s empire, News Corp. appears to be planning a spin-off of its core businesses.
Its own flagship newspaper, The Wall Street Journal, has reported this week that the company’s board is considering a proposal that will make its publishing arm into a separate company.
Springhill Group Home analysts expect such separation of assets would appease regulators and could help it to avoid selling a USD 6.9 billion stake. Fortunately, the same became true for investors as the announcement was met with the rallying of News Corp’s stock to 8.3% high — the highest level it has reached since 2007.
“News Corp. has one of the best TV businesses, but some people like musty, dusty publishing companies that pay great dividends. It’s a good thing for shareholders.” said an analyst from Lazard Capital.
The media conglomerate has not yet specified which business units would be grouped together but the company is reportedly mulling to separate the entertainment operations from the book and newspaper publishing one.
News Corp’s publishing business brought in USD 8.8 billion in profit last year, accounting for about 7% of the company’s enterprise value or 24% of the revenues. This division includes a number of prominent newspapers (Times of London, The Wall Street Journal, New York Post, The Australian and the Sun) and HarperCollins book publisher, all of which are valued for around USD 5 billion.
SPRINGHILL GROUP: Springhill Group: DPRK jams GPS of ROK Airlines l ...
SPRINGHILL GROUP: Springhill Group: DPRK jams GPS of ROK Airlines l ...: http://www.dropjack.com/Business/springhill-group-dprk-jams-gps-of-rok-airlines-l-multiply-1/ GPS jamming signals coming from North Kor...
Springhill Group: DPRK jams GPS of ROK Airlines l Multiply | Dropjack
http://www.dropjack.com/Business/springhill-group-dprk-jams-gps-of-rok-airlines-l-multiply-1/
GPS jamming signals coming from North Korea has forced South Korea to order its military and civilian air transports to switch on alternative navigational devices to avoid disruption.
A statement from the ministry has confirmed that they were able to warn airlines and pilots of the 241 affected South Korean flights along with the 11 foreign airlines like Thai Airways, AirPhil, FedEx, Japan Airlines and Cathay Pacific Airways. But even as the GPS jamming signals continued, South Korea sees no serious threat to navigational safety.
Korea Communications Commission confirmed that the GPS jamming signals have been coming from a city on North Korea side of the border. “We’ve traced the jamming signals to the direction of Kaesong,” a commission deputy director told Springhill Group.
According to the transport agency, planes that suffered from GPS signal jamming were instructed to use the alternative navigation systems and were not delayed in their schedules. The signal jamming appears to be focused on air traffic at Gimpo and Incheon airports, both of which are around 30 miles from the border.
Despite the GPS disruption, Springhill Group reports that there was no serious threat to flight safety as airplanes are capable of using other navigation devices like inertial navigation system and very-high-frequency omni-directional range (VOR). Meanwhile, military communications and transportation were not greatly affected as they do not primarily depend on the GPS system.
A statement from the ministry has confirmed that they were able to warn airlines and pilots of the 241 affected South Korean flights along with the 11 foreign airlines like Thai Airways, AirPhil, FedEx, Japan Airlines and Cathay Pacific Airways. But even as the GPS jamming signals continued, South Korea sees no serious threat to navigational safety.
Korea Communications Commission confirmed that the GPS jamming signals have been coming from a city on North Korea side of the border. “We’ve traced the jamming signals to the direction of Kaesong,” a commission deputy director told Springhill Group.
According to the transport agency, planes that suffered from GPS signal jamming were instructed to use the alternative navigation systems and were not delayed in their schedules. The signal jamming appears to be focused on air traffic at Gimpo and Incheon airports, both of which are around 30 miles from the border.
Despite the GPS disruption, Springhill Group reports that there was no serious threat to flight safety as airplanes are capable of using other navigation devices like inertial navigation system and very-high-frequency omni-directional range (VOR). Meanwhile, military communications and transportation were not greatly affected as they do not primarily depend on the GPS system.
News Corp Splitting Into 2 Companies l Multiply | Dropjack
http://www.dropjack.com/Business/news-corp-splitting-into-2-companies-l-multiply-1/
Embattled Rupert Murdoch’s empire, News Corp. appears to be planning a spin-off of its core businesses.
Its own flagship newspaper, The Wall Street Journal, has reported this week that the company’s board is considering a proposal that will make its publishing arm into a separate company.
Springhill Group Home analysts expect such separation of assets would appease regulators and could help it to avoid selling a USD 6.9 billion stake. Fortunately, the same became true for investors as the announcement was met with the rallying of News Corp’s stock to 8.3% high — the highest level it has reached since 2007.
“News Corp. has one of the best TV businesses, but some people like musty, dusty publishing companies that pay great dividends. It’s a good thing for shareholders.” said an analyst from Lazard Capital.
The media conglomerate has not yet specified which business units would be grouped together but the company is reportedly mulling to separate the entertainment operations from the book and newspaper publishing one.
News Corp’s publishing business brought in USD 8.8 billion in profit last year, accounting for about 7% of the company’s enterprise value or 24% of the revenues. This division includes a number of prominent newspapers (Times of London, The Wall Street Journal, New York Post, The Australian and the Sun) and HarperCollins book publisher, all of which are valued for around USD 5 billion.
Embattled Rupert Murdoch’s empire, News Corp. appears to be planning a spin-off of its core businesses.
Its own flagship newspaper, The Wall Street Journal, has reported this week that the company’s board is considering a proposal that will make its publishing arm into a separate company.
Springhill Group Home analysts expect such separation of assets would appease regulators and could help it to avoid selling a USD 6.9 billion stake. Fortunately, the same became true for investors as the announcement was met with the rallying of News Corp’s stock to 8.3% high — the highest level it has reached since 2007.
“News Corp. has one of the best TV businesses, but some people like musty, dusty publishing companies that pay great dividends. It’s a good thing for shareholders.” said an analyst from Lazard Capital.
The media conglomerate has not yet specified which business units would be grouped together but the company is reportedly mulling to separate the entertainment operations from the book and newspaper publishing one.
News Corp’s publishing business brought in USD 8.8 billion in profit last year, accounting for about 7% of the company’s enterprise value or 24% of the revenues. This division includes a number of prominent newspapers (Times of London, The Wall Street Journal, New York Post, The Australian and the Sun) and HarperCollins book publisher, all of which are valued for around USD 5 billion.
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