News Corp Says Remains Listed On Australian Securities Exchange

(RTTNews) - Media giant News Corp. (NWS, NWSA) said that it remains listed on the Australian Securities Exchange, and Australia continues to be a significant market for the company's lines of business.

News Corp noted the announcement by 21st Century Fox (FOX, FOXA, FOX.AX, FOXLV.AX)that it had initiated the process to pursue the removal of its full foreign listing on the Australian Securities Exchange or ASX subject to the approval of the holders of its Class B Common Stock.

Following the separation of the old News Corporation into two distinct publicly traded companies last year, the new News Corp maintains major operations in Australia through its ownership of more than 120 publications in the country, HarperCollins Australia and Fox Sports Australia. News Corp also is majority owner of the Australian digital real estate services business, REA, and owns 50 per cent of Foxtel, News Corp said.

News Corp Chief Executive Robert Thomson said, "We are proud of our Australian provenance. More than 30 per cent of News Corp's revenue was generated from Australia last year."

The revenue figure was based on reported consolidated revenue for Fiscal Year 2013.