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BRIEF-News Corp Says COVID-19 Could Have Adverse Impact on Company's Business

Published 14/04/2020, 06:25 am
NWSA
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April 13 (Reuters) - News Corp NWSA.O :

* NEWS CORP - EXPECTS ADVERTISING AND SINGLE-COPY SALES REVENUES IN NEWS AND INFORMATION SERVICES SEGMENT TO BE ADVERSELY AFFECTED

* NEWS CORP - HAS SEEN INCREASES IN DIGITAL PAID SUBSCRIBERS, INCLUDING AT THE WALL STREET JOURNAL, THE TIMES AND THE SUNDAY TIMES

* NEWS CORP - HAS SEEN DIGITAL AUDIENCE GAINS AT ONLINE VERSIONS OF ITS NEWS PROPERTIES

* NEWS CORP - EXPECTS CANCELLATION OR POSTPONEMENT OF SPORTS EVENTS FOR WHICH IT HAS BROADCAST RIGHTS TO ADVERSELY AFFECT SUBSCRIPTION REVENUE

* NEWS CORP - CLOSURES OF PUBS, CLUBS AND LOWER OCCUPANCY AT HOTELS THROUGHOUT AUSTRALIA EXPECTED TO ADVERSELY IMPACT COMMERCIAL SUBSCRIPTION VIDEO REVENUE

* NEWS CORP - BOOK PUBLISHING SALES ARE EXPECTED TO BE ADVERSELY AFFECTED BY SHIPPING RESTRICTIONS AND DELAYS IMPOSED BY ONLINE RETAILERS

* NEWS CORP - IN RECENT WEEKS, COMPANY HAS SEEN AN INCREASE IN SALES OF DIGITAL FORMATS OF ITS BOOK TITLES

* NEWS CORP - REAL ESTATE MARKETS IN BOTH AUSTRALIA AND U.S. HAVE BEEN NEGATIVELY IMPACTED

* NEWS CORP - WEAKNESS IN NEW LISTING VOLUMES, OTHER ADVERSE EFFECTS, STEPS CO HAS TAKEN, EXPECTED TO ADVERSELY HIT REVENUE IN DIGITAL REAL ESTATE SERVICES

* NEWS CORP - REDUCING VARIABLE COSTS AND IMPLEMENTING COST-SAVINGS INITIATIVES ACROSS ITS BUSINESSES.

* NEWS CORP - COVID-19 COULD HAVE A MATERIAL ADVERSE IMPACT ON COMPANY'S BUSINESS

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