Business Context and Reporting Period
Company: News Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: December 11, 2015
Subject: Item 8.01 Other Events regarding the conclusion of criminal investigations involving subsidiary News Group Newspapers Limited (NGN).
Key Financial Metrics
This filing is a current report regarding legal proceedings and does not contain financial statements. The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material event is the announcement by the U.K.'s Crown Prosecution Service (CPS) that it will not bring charges against NGN. This decision concludes the investigation into voicemail interception at NGN's former publication, The News of the World, which began in 2011. Additionally, the Metropolitan Police Service concluded its corporate investigation regarding payments to public officials at The News of the World and The Sun.
Outlook, Risks, and Management Commentary
Resolution of Contingencies: All criminal investigations of NGN relating to voicemail interception, illegal data access, and inappropriate payments to public officials at The News of the World and The Sun have now been concluded.
Management Commentary: The filing serves as a formal notification of these legal conclusions and does not include forward-looking guidance or management commentary on future operations.
Key Facts for Investor Verification
- The CPS has decided not to prosecute NGN regarding the 2011 voicemail interception investigation.
- The Metropolitan Police Service has concluded its investigation into payments to public officials at NGN publications.
- All specified criminal investigations concerning NGN's former and current U.K. publications are now closed.
- This filing contains no financial data; investors should refer to the most recent 10-K or 10-Q for financial performance.