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News Article | May 8, 2017
Site: www.businesswire.com

NEW YORK--(BUSINESS WIRE)--News Corp announced today that Marc Frons has been appointed Chief Technology Officer. He has served in that role in an interim capacity since October 2016. Latha Maripuri, who currently serves as News Corp’s Chief Information Security Officer, and Christina Scott, Chief Technology Officer for News UK, have both been promoted to Deputy Chief Technology Officer positions, while retaining their existing responsibilities. “This tech triumvirate will ensure that News Corp and our businesses are at the forefront of technological change,” said Robert Thomson, Chief Executive of News Corp. “In his time as interim CTO, Marc has effectively and speedily advanced our digital transformation across the companies. Whether it involves enterprise software, cybersecurity or mobile apps, Marc, Latha and Christina have the expertise and leadership skills we need to expedite the digital development of our news, publishing, real estate and other enterprises.” “News Corp is today home to some of the world’s leading news, publishing and digital real estate businesses,” said Mr. Frons. “The tech transformation underway across the company is exciting and rewarding for all of us who work here, and all who benefit from the creative products delivered digitally to millions every day. Latha, Christina and I look forward to working collaboratively with our colleagues around the globe and around the clock to ensure that our technology is second to none.” Marc Frons joined News Corp in 2015 as Senior Vice President and Global Head of Mobile Platform and Deputy Head of Technology. He was named Interim Chief Technology Officer after Paul Cheesbrough left News Corp to become Chief Technology Officer at 21st Century Fox. Previously, Mr. Frons was Chief Information Officer and Chief Technology Officer of Digital at The New York Times Co. In the early 2000s, he was Chief Technology Officer of Consumer Media at Dow Jones & Co. He also worked as a journalist at several publications, including Newsweek and Business Week. At Smartmoney.com, he was Editor and Chief Technology Officer. Latha Maripuri has been CISO at News Corp since 2015, when she joined the company from IBM, where she served as Director of IBM Security Services. She began her career at IBM in 1998. Christina Scott joined News UK as CTO in 2016. She was formerly with the Financial Times, and previously worked on the technology teams of the BBC and ITV Digital, among other companies. News Corporation (NASDAQ:NWS) (NASDAQ:NWSA) (ASX:NWS) (ASX:NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers throughout the world. The company comprises businesses across a range of media, including: news and information services, book publishing, digital real estate services, and cable network programming and pay-TV distribution in Australia. Headquartered in New York, the activities of News Corp are conducted primarily in the United States, Australia, and the United Kingdom. More information: http://www.newscorp.com.


—On April 27, 2011, TV weatherman James Spann warned viewers that a “large, multiple-vortex tornado” was bearing down on Tuscaloosa, Ala. “You should have been in your safe place 20 minutes ago,” he said as a camera tracked the funnel clouds, “but if by chance you’re hearing me at the last minute on the radio, get into a safe place right now!” Despite these warnings, 252 Alabamians died that day, victims of the fourth-deadliest tornado season in US history. Mr. Spann, who still serves as chief meteorologist for Birmingham’s WBMA-TV, drew a clear lesson from the tragedy. “What we learned that day is that physical science could not have been better,” he remembers in a phone interview with The Christian Science Monitor, “but what maybe we don't understand is the social science part of it.” The nature of twisters makes their exact timing and location difficult to predict. But since 2011, sociological research and storms like Alabama’s have spurred a shift in forecasting practices. Meteorologists now aim to reduce false alarms – even at the risk of missed storms and delayed warnings – in the hopes that residents will heed the warnings they do issue. “There is a recognition that the false alarm rate is something that we need to take into consideration,” explains economist Kevin Simmons, who researches the statistics of natural disasters. Tornado forecasters’ performance gets measured by three key numbers: “Since around 2011, both tornado lead-time and detection have gotten worse. But the false alarm rate has improved (decreased),” The Washington Post reported on April 20. Harold Brooks, a senior scientist at the National Severe Storms Laboratory, explains that he and other forecasters face a trade-off: Longer lead-times and higher POD’s versus a lower false alarm rate. As forecasters wait for more evidence – from radar, spotter teams, and other sources – before sounding the alarm, they issue fewer false ones. But they’re also more likely to miss some, and give residents less time to take cover. “Our skill hasn’t changed” in recent years, he tells the Monitor over the phone, but they have employed “a higher threshold for warning.” Despite the obvious risks of missing a storm or cutting down on warning time, Dr. Simmons, a professor of economics at Austin College, in Sherman, Texas, says there’s merit in reducing false alarms. “If a tornado strikes an area with a higher-than-average false alarm rate, it's more likely that that tornado would generate fatalities [than in an area] with lower-than-average false alarm rates,” he tells the Monitor. In 2009, he and economist Dan Sutter, currently at Alabama's Troy University, assessed the trade-off between false-alarm rates and POD, finding “strong [statistical] evidence that a higher local, recent FAR significantly increases tornado fatalities and injuries.” As residents hear one false alarm after another, the “cry-wolf effect” takes hold, and they’re less disposed to heed the one warning that could save their lives. Two years after they published these findings, the devastating 2011 season bore them out. In Birmingham, where almost 80 percent of warnings were false, Spann insists, “there's no doubt in my mind a high false alarm ratio in 2011 killed people." The National Weather Service (NWS) reached a similar conclusion in Joplin, Mo., which suffered one of that year’s worst twisters. It found that “the perceived frequency of siren activation (false alarms) led a large number of [residents] to become desensitized or complacent to this method of warning.” Dr. Brooks cites this survey as a key reason behind the new focus on false-alarm rates. It's since edged down, from 73 percent in 2011 to 70 percent in 2015. Sure enough, the same period saw forecasters detecting fewer storms, with POD going from 75 percent to 58 percent. But Eric Waage, director of emergency management for Hennepin County, Minn., says not all of the missed storms give cause for concern. “The most problematic thing we have are these small ... EF-0 tornadoes,” he tells the Monitor via phone. These are the weakest storms on the Enhanced Fujita scale that measures tornado strength in the United States and Canada based on the damage they cause. Spann explains that, because of their short duration, “trying to warn for those suckers ... is like playing Whack-a-Mole." These days, forecasters may find it harder to get enough evidence to warn against these storms. But they also have more room for error. EF-0 and EF-1 storms occasionally make the NWS’s killer tornado list, but most deadly storms are EF-2 and up. Mr. Waage says that “in most places in our state, those small ones aren't really a huge problem. They're hitting cornfields and forests.” The third key tornado metric, lead-time, has also dropped amid the NWS's focus on false alarms, from 15 minutes in 2011 to just eight in 2015. But that national trend obscures local variations. Spann remembers that April 27, 2011 saw lead-times as high as 40 minutes. Since that tragic day, the local NWS office's average lead-times have dropped slightly – and false alarms have plunged. “We've got to get the FAR down,” Spann says, “and if we lose a little lead-time, I don't have any problem with that.” 'We are better than that' A 2011-caliber season hasn’t yet tested this new mind-set, and Brooks, speaking with the Post’s Jason Samenow, cautioned that social science research on this topic is “difficult to conduct and often inconclusive.” But it could provide lifesaving guidance for the Midwest’s “Tornado Alley” and the Southeast’s “Dixie Alley,” at least until the next major leap in meteorology. Last week, President Trump signed a bill aiming to extend tornado prediction time beyond one hour. But Brooks cautions that, to lengthen lead-times without raising too many more false alarms, “we need to move a long way from that [current] skill line, and that's hard.” He says it’s happened before, thanks to Doppler radar and other innovations in the 1990s. One government program, Warn on Forecast, aims to repeat the feat with numerical models, but practical applications remain “years away.” For the moment, forecasters are fine-tuning the balance of lead-time, POD, and false-alarm rate, and authorities are trying to get more people to respond to warnings. “The missing link still is that public awareness,” says Hennepin County’s Waage. To minimize confusion when the skies darken, for instance, he explains that Minnesota has recently standardized its siren procedures. Birmingham, Ala., has also seen a push for greater tornado awareness since 2011, and Spann thinks it’s heading in the right direction. “There have been too many funerals on my watch in 38 years,” as a meteorologist, he reflects. “And we are better than that. And now, working with the social science people, I think that's going to make a huge difference.” [Editor's note: This article has been updated to correctly state the university where Dan Sutter currently works]


News Article | May 16, 2017
Site: www.undercurrentnews.com

Although President Trump has not yet named the next leader of the National Oceanic and Atmospheric Administration, many in the weather community say Barry Myers, chief executive of AccuWeather, is the leading candidate, reports the Washington Post. Myers has served as AccuWeather’s chief executive since September 2007 and has overseen the company’s strategic initiatives and global expansion. His strong business background is viewed as a major asset for an administration that has placed a great deal of value on private-sector experience. Myers’s potential appointment is opposed by the labor union for the National Weather Service, the NWS Employees Organization. For the full story click here.


LONDON, May 17, 2017 (GLOBE NEWSWIRE) -- A large majority (75%) of anti-money laundering (AML) professionals believe the current geopolitical landscape presents new risks and challenges for preventing financial crime at their organisations, according to a joint survey by SWIFT and Dow Jones Risk & Compliance. To address these risks, more than half (54%) of respondents are planning to increase their investment in RegTech in the next three to five years, as the majority (59%) say technology has improved their company’s ability to tackle AML, KYC and sanctions requirements. The annual survey – comprised of responses from more than 500 compliance and anti-money laundering professionals around the world – assesses the current regulatory environment and the impact of new regulation on international and regional banks’ compliance departments. Joel Lange, Managing Director of Dow Jones Risk & Compliance, said: “The shifting geopolitical environment has created an additional layer of complexity for tackling financial crime around the world. As the political and economic landscape continues to impact international trade, data protection, and tax cooperation, the need for greater transparency and more effective information sharing across borders is more important than ever.” Compliance Teams Struggle to Cope with Regulations As financial crime risks continue to evolve, increased regulatory expectations represent the greatest challenge (69%) for respondents, followed by concerns surrounding increased enforcement of current regulations (50%), and the need to understand regulation outside of their home jurisdiction (42%). Specific regulations, such as the OFAC and EU 50% Rules1 as well as the FinCEN CDD Rule2 (both new in 2017 survey), are cited by over 70% of respondents as contributing to increased workloads for compliance departments. More than half of respondents say FATCA3 and the Fourth EU Money Laundering Directive4 are regulations that add to existing workloads. “Technology can play a key role in providing new and enhanced capabilities that strike a balance between preventing criminal activity, meeting regulatory requirements and containing costs,” said Paul Taylor, Director of Compliance Services, SWIFT. “The most sophisticated financial crime compliance solutions help mitigate risks and boost efficiency in several ways, from managing workloads to automating payments monitoring and reducing false positives, enabling compliance teams to focus on more strategic risk policy and financial crime prevention work.” AML Concerns in Focus  The survey found that the greatest AML-related challenge currently facing organisations is having enough trained staff (57%), followed by the reliance on outdated technology (48%). Historically, most institutions manage their anti-fraud and AML activities separately; however the data shows an increase (66%) from last year (59%) of AML departments handling fraud detection and prevention. When it comes to managing fraud, risk data (90%) continues to be the most relevant source of information, followed by crime typologies (75%) and news (70%). For more information and to view the full results of the survey, please visit: http://go.dowjones.com/AMLsurvey2017 About Dow Jones Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivalled quality content for more than 130 years and today has one of the world’s largest newsgathering operations globally. It produces leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Factiva, Barron’s, MarketWatch, Financial News, DJX, Dow Jones Risk & Compliance, Dow Jones Newswires, and Dow Jones VentureSource. Dow Jones is a division of News Corp (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV). About SWIFT SWIFT is a global member owned cooperative and the world’s leading provider of secure financial messaging services. We provide our community with a platform for messaging and standards for communicating, and we offer products and services to facilitate access and integration, identification, analysis and regulatory compliance. Our messaging platform, products and services connect more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories. While SWIFT does not hold funds or manage accounts on behalf of customers, we enable our global community of users to communicate securely, exchanging standardised financial messages in a reliable way, thereby supporting global and local financial flows, as well as trade and commerce all around the world. As their trusted provider, we relentlessly pursue operational excellence; we support our community in addressing cyber threats; and we continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies. Our products and services support our community’s access and integration, business intelligence, reference data and financial crime compliance needs. SWIFT also brings the financial community together – at global, regional and local levels – to shape market practice, define standards and debate issues of mutual interest or concern. Headquartered in Belgium, SWIFT’s international governance and oversight reinforces the neutral, global character of its cooperative structure. SWIFT’s global office network ensures an active presence in all the major financial centres. About SWIFT’s financial crime compliance services portfolio SWIFT’s Compliance Services unit manages a growing portfolio of financial crime compliance services in the areas of sanctions, Know Your Customer (KYC) and Anti-Money Laundering (AML). The portfolio includes Sanctions Screening, Sanctions Testing and Name Screening solutions, Compliance Analytics and Payments Data Quality services, and The KYC Registry. For more information, visit www.swift.com/complianceservices. 1 The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) issued the 50 Percent Rule which provides guidance on companies dealing with entities owned 50 percent or more in the aggregate by more than one blocked person. 2 Financial Crimes Enforcement Network’s (FinCEN) Customer Due Diligence Rule (CDD) provides a customer due diligence framework intended to promote a more level playing field across and within financial sectors. 3 The Foreign Account Tax Compliance Act requires foreign entities to report on the foreign assets held by their U.S. account holders or be subject to withholding on withholdable payments.  4 The Fourth EU Money Laundering Directive (AMLD-IV) requires European member states to update their respective money laundering laws and transpose the new requirements into local law by 26 June 2017.


LONDON, May 23, 2017 (GLOBE NEWSWIRE) -- Acuity Trading and Dow Jones have today announced a new partnership, bringing together the powerful big data technology of Acuity Trading with Dow Jones’s world-class financial news to launch a visual news-analytics tool. Now in beta, the new tool - called Acuity Visual Edge, Powered by Dow Jones -  features dynamic displays of news sentiment from Dow Jones and Acuity Trading news sources, offering traders powerful visual cues to better understand market trends and stimulate trade ideas. With news at the core of the design and functionality, the tool showcases some emerging ways in which news can be used to aid trading decisions, and leverages the new Dow Jones DNA platform that launched in beta in April. “News is an incredibly rich source of data and so much opportunity can be derived from news by traders when its value is understood and harnessed in the right way,” says Andrew Lane, CEO of Acuity Trading. “This is why we have focused on creating a tool with Dow Jones that makes its content central to a trader’s research activity and presenting it in ways that traders can make best use of it.” Jason Malatesta, Head of Partners & Alliances at Dow Jones, added; “With the rise of ‘fake news’, traders are rightly questioning the provenance of the news sources that are plugged into analytics engines, and questioning the content they read. Our partnership with Acuity Trading and the exciting new visual offering that we are bringing to the market ensures our users can be confident in the data and the tools which inform their trading activity.” First to launch with the beta product is INFINOX CAPITAL, a major provider of online foreign exchange trading services to individuals and institutional clients worldwide. “INFINOX’s customers trade Forex in a dynamic, fast-moving and technology driven market. This partnership with Acuity and Dow Jones connects our traders to insightful data and true global news, empowering global FX trading,” said Robert Berkeley, CEO at INFINOX. Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world’s largest newsgathering operations globally. It produces leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Factiva, Barron’s, MarketWatch, Financial News, DJX, Dow Jones Risk & Compliance, Dow Jones Newswires, and Dow Jones VentureSource. Dow Jones is a division of News Corp (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV). Acuity Trading is a sentiment-based technology company focused on bringing big data solutions to the retail investment community including online brokers and platform providers. Founded in 2013 and headquartered in London, Acuity Trading uses sophisticated Machine Learning and Natural Language Processing technology to analyse millions of news items on a daily basis and quantify the mood of the market towards any given stock, currency or index. Providing investors with an alternative to price-related data, Acuity Trading offers multiple display and integration options to help augment existing trading tools such as technical analysis, calendars and traditional news feeds that prompt new trading ideas or helps investors of all experience to corroborate or deny trading strategies. INFINOX is an internationally recognised FCA-regulated Forex broker based in the City of London. Formed in 2009 by Robert Berkeley, INFINOX offers market-leading trading technology and outstanding client service.


LONDON, May 23, 2017 (GLOBE NEWSWIRE) -- Acuity Trading and Dow Jones have today announced a new partnership, bringing together the powerful big data technology of Acuity Trading with Dow Jones’s world-class financial news to launch a visual news-analytics tool. Now in beta, the new tool - called Acuity Visual Edge, Powered by Dow Jones -  features dynamic displays of news sentiment from Dow Jones and Acuity Trading news sources, offering traders powerful visual cues to better understand market trends and stimulate trade ideas. With news at the core of the design and functionality, the tool showcases some emerging ways in which news can be used to aid trading decisions, and leverages the new Dow Jones DNA platform that launched in beta in April. “News is an incredibly rich source of data and so much opportunity can be derived from news by traders when its value is understood and harnessed in the right way,” says Andrew Lane, CEO of Acuity Trading. “This is why we have focused on creating a tool with Dow Jones that makes its content central to a trader’s research activity and presenting it in ways that traders can make best use of it.” Jason Malatesta, Head of Partners & Alliances at Dow Jones, added; “With the rise of ‘fake news’, traders are rightly questioning the provenance of the news sources that are plugged into analytics engines, and questioning the content they read. Our partnership with Acuity Trading and the exciting new visual offering that we are bringing to the market ensures our users can be confident in the data and the tools which inform their trading activity.” First to launch with the beta product is INFINOX CAPITAL, a major provider of online foreign exchange trading services to individuals and institutional clients worldwide. “INFINOX’s customers trade Forex in a dynamic, fast-moving and technology driven market. This partnership with Acuity and Dow Jones connects our traders to insightful data and true global news, empowering global FX trading,” said Robert Berkeley, CEO at INFINOX. Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world’s largest newsgathering operations globally. It produces leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Factiva, Barron’s, MarketWatch, Financial News, DJX, Dow Jones Risk & Compliance, Dow Jones Newswires, and Dow Jones VentureSource. Dow Jones is a division of News Corp (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV). Acuity Trading is a sentiment-based technology company focused on bringing big data solutions to the retail investment community including online brokers and platform providers. Founded in 2013 and headquartered in London, Acuity Trading uses sophisticated Machine Learning and Natural Language Processing technology to analyse millions of news items on a daily basis and quantify the mood of the market towards any given stock, currency or index. Providing investors with an alternative to price-related data, Acuity Trading offers multiple display and integration options to help augment existing trading tools such as technical analysis, calendars and traditional news feeds that prompt new trading ideas or helps investors of all experience to corroborate or deny trading strategies. INFINOX is an internationally recognised FCA-regulated Forex broker based in the City of London. Formed in 2009 by Robert Berkeley, INFINOX offers market-leading trading technology and outstanding client service.


LONDON, May 23, 2017 (GLOBE NEWSWIRE) -- Acuity Trading and Dow Jones have today announced a new partnership, bringing together the powerful big data technology of Acuity Trading with Dow Jones’s world-class financial news to launch a visual news-analytics tool. Now in beta, the new tool - called Acuity Visual Edge, Powered by Dow Jones -  features dynamic displays of news sentiment from Dow Jones and Acuity Trading news sources, offering traders powerful visual cues to better understand market trends and stimulate trade ideas. With news at the core of the design and functionality, the tool showcases some emerging ways in which news can be used to aid trading decisions, and leverages the new Dow Jones DNA platform that launched in beta in April. “News is an incredibly rich source of data and so much opportunity can be derived from news by traders when its value is understood and harnessed in the right way,” says Andrew Lane, CEO of Acuity Trading. “This is why we have focused on creating a tool with Dow Jones that makes its content central to a trader’s research activity and presenting it in ways that traders can make best use of it.” Jason Malatesta, Head of Partners & Alliances at Dow Jones, added; “With the rise of ‘fake news’, traders are rightly questioning the provenance of the news sources that are plugged into analytics engines, and questioning the content they read. Our partnership with Acuity Trading and the exciting new visual offering that we are bringing to the market ensures our users can be confident in the data and the tools which inform their trading activity.” First to launch with the beta product is INFINOX CAPITAL, a major provider of online foreign exchange trading services to individuals and institutional clients worldwide. “INFINOX’s customers trade Forex in a dynamic, fast-moving and technology driven market. This partnership with Acuity and Dow Jones connects our traders to insightful data and true global news, empowering global FX trading,” said Robert Berkeley, CEO at INFINOX. Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world’s largest newsgathering operations globally. It produces leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Factiva, Barron’s, MarketWatch, Financial News, DJX, Dow Jones Risk & Compliance, Dow Jones Newswires, and Dow Jones VentureSource. Dow Jones is a division of News Corp (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV). Acuity Trading is a sentiment-based technology company focused on bringing big data solutions to the retail investment community including online brokers and platform providers. Founded in 2013 and headquartered in London, Acuity Trading uses sophisticated Machine Learning and Natural Language Processing technology to analyse millions of news items on a daily basis and quantify the mood of the market towards any given stock, currency or index. Providing investors with an alternative to price-related data, Acuity Trading offers multiple display and integration options to help augment existing trading tools such as technical analysis, calendars and traditional news feeds that prompt new trading ideas or helps investors of all experience to corroborate or deny trading strategies. INFINOX is an internationally recognised FCA-regulated Forex broker based in the City of London. Formed in 2009 by Robert Berkeley, INFINOX offers market-leading trading technology and outstanding client service.


LONDON, May 23, 2017 (GLOBE NEWSWIRE) -- Acuity Trading and Dow Jones have today announced a new partnership, bringing together the powerful big data technology of Acuity Trading with Dow Jones’s world-class financial news to launch a visual news-analytics tool. Now in beta, the new tool - called Acuity Visual Edge, Powered by Dow Jones -  features dynamic displays of news sentiment from Dow Jones and Acuity Trading news sources, offering traders powerful visual cues to better understand market trends and stimulate trade ideas. With news at the core of the design and functionality, the tool showcases some emerging ways in which news can be used to aid trading decisions, and leverages the new Dow Jones DNA platform that launched in beta in April. “News is an incredibly rich source of data and so much opportunity can be derived from news by traders when its value is understood and harnessed in the right way,” says Andrew Lane, CEO of Acuity Trading. “This is why we have focused on creating a tool with Dow Jones that makes its content central to a trader’s research activity and presenting it in ways that traders can make best use of it.” Jason Malatesta, Head of Partners & Alliances at Dow Jones, added; “With the rise of ‘fake news’, traders are rightly questioning the provenance of the news sources that are plugged into analytics engines, and questioning the content they read. Our partnership with Acuity Trading and the exciting new visual offering that we are bringing to the market ensures our users can be confident in the data and the tools which inform their trading activity.” First to launch with the beta product is INFINOX CAPITAL, a major provider of online foreign exchange trading services to individuals and institutional clients worldwide. “INFINOX’s customers trade Forex in a dynamic, fast-moving and technology driven market. This partnership with Acuity and Dow Jones connects our traders to insightful data and true global news, empowering global FX trading,” said Robert Berkeley, CEO at INFINOX. Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world’s largest newsgathering operations globally. It produces leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Factiva, Barron’s, MarketWatch, Financial News, DJX, Dow Jones Risk & Compliance, Dow Jones Newswires, and Dow Jones VentureSource. Dow Jones is a division of News Corp (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV). Acuity Trading is a sentiment-based technology company focused on bringing big data solutions to the retail investment community including online brokers and platform providers. Founded in 2013 and headquartered in London, Acuity Trading uses sophisticated Machine Learning and Natural Language Processing technology to analyse millions of news items on a daily basis and quantify the mood of the market towards any given stock, currency or index. Providing investors with an alternative to price-related data, Acuity Trading offers multiple display and integration options to help augment existing trading tools such as technical analysis, calendars and traditional news feeds that prompt new trading ideas or helps investors of all experience to corroborate or deny trading strategies. INFINOX is an internationally recognised FCA-regulated Forex broker based in the City of London. Formed in 2009 by Robert Berkeley, INFINOX offers market-leading trading technology and outstanding client service.


News Article | May 9, 2017
Site: marketersmedia.com

NWS) (NASDAQ: NWSA) will be discussing their earnings results in their Q3 Earnings Call to be held May 9, 2017 at 5:30 PM Eastern Time. To listen to the event live – visit https://www.investornetwork.com/company/22354. The replay will be available online at https://www.investornetwork.com/company/22354. Investor Network (IN) is a new financial content community, serving millions of unique investors market information, earnings, commentary and news on the what's trending. Dedicated to both the professional and the average traders, IN offers timely, trusted and relevant financial information for virtually every investor. IN is an Issuer Direct brand, to learn more or for the latest financial news and market information, visit www.investornetwork.com. Follow us on Twitter @investornetwork.


News Article | May 9, 2017
Site: www.businesswire.com

NEW YORK--(BUSINESS WIRE)--News Corporation (“News Corp” or the “Company”) (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended March 31, 2017. Commenting on the results, Chief Executive Robert Thomson said: "In the third quarter, we saw particular progress in our quest to be more digital and global, while there was tangible improvement in operating efficiencies. We posted solid revenue growth and substantial earnings growth, highlighted by momentum in Digital Real Estate Services, where realtor.com® continued to expand traffic, revenue and profitability. At News and Information Services, while print advertising remains volatile, we saw some moderation this quarter. Overall, the segment was a source of growth this quarter – in both revenues and profitability – driven by, in particular, the robust performance of in-store product at News America Marketing, digital subscriber gains of more than 300,000 at the Wall Street Journal and the benefits of ongoing cost control. The quarter was also characterized by an intensifying social and commercial debate over the dysfunctionality of the digital duopoly, and the lack of transparency in audience and advertising metrics. With brands in search of authenticated audiences and trusted advertising environments, we firmly believe that our mastheads offer veracity and value, and we are rapidly developing a new digital ad platform to offer clearly defined demographics from across our range of prestigious properties.” The Company reported fiscal 2017 third quarter total revenues of $1.98 billion, compared to $1.89 billion in the prior year period. Reported revenues reflect growth at the News and Information Services segment, driven by News America Marketing and the acquisitions of Australian Regional Media (“ARM”) and Wireless Group plc (“Wireless Group”), partially offset by lower print advertising revenues, as well as continued strong performance at the Digital Real Estate Services and Book Publishing segments. Adjusted Revenues (which exclude the impact of foreign currency, acquisitions and divestitures as defined in Note 1) increased 3% compared to the prior year. Income (loss) from continuing operations for the quarter was break-even as compared to ($128) million in the prior year. Reported results were driven by higher Total Segment EBITDA, as discussed below, which reflects the absence of a one-time pre-tax charge of $280 million for the settlement of litigation and related claims at News America Marketing in the prior year (the “NAM Group settlement charge”). The growth was partially offset by higher tax expense and the absence of a $107 million tax benefit in the prior year related to the NAM Group settlement charge, lower contribution from Other, net and lower equity earnings of affiliates, primarily driven by costs related to Foxtel’s shutdown of Presto and the loss resulting from the change in the fair value of Foxtel’s investment in Ten Network Holdings. The Company reported third quarter Total Segment EBITDA of $215 million, compared to ($122) million in the prior year, which included the NAM Group settlement charge mentioned above. Adjusted Total Segment EBITDA (as defined in Note 1) was 30% higher compared to the prior year, primarily due to the continued growth in the Digital Real Estate Services segment and at News America Marketing, as well as an adjustment to the deferred consideration accrual related to the acquisition of Unruly, partially offset by a one-time corporate charge of $11 million associated with a change in the Company’s executive management. Loss per share from continuing operations available to News Corporation stockholders was ($0.01) as compared to ($0.26) in the prior year. Adjusted EPS (as defined in Note 3) were $0.07 compared to $0.04 in the prior year. Revenues in the quarter increased $32 million, or 3%, compared to the prior year. Adjusted Revenues increased 1% compared to the prior year. Advertising revenues increased 4% due to higher in-store product revenues at News America Marketing, primarily driven by an increase in client spending and, to a lesser extent, timing-related benefits. Advertising revenues also benefited by $21 million from the acquisition of Wireless Group and $20 million from the acquisition of ARM. These factors were partially offset by weakness in the print advertising market. Circulation and subscription revenues decreased 1%, but increased 3% excluding an $18 million impact from negative foreign currency fluctuations, due to higher subscription pricing and selected cover price increases, partially offset by lower print volume. Segment EBITDA for the quarter was $123 million compared to ($187) million in the prior year. Fiscal 2016 third quarter Segment EBITDA would have been $93 million, excluding the NAM Group settlement charge of $280 million. Excluding that settlement charge, Fiscal 2017 third quarter Segment EBITDA would have increased $30 million, or 32%, as compared to the prior year. The increase was driven by higher revenues at News America Marketing, lower expenses across the businesses due to lower print volume and ongoing cost efficiencies, as well as a $12 million adjustment to the deferred consideration accrual related to the acquisition of Unruly. Digital revenues represented 24% of segment revenues in the quarter, compared to 23% in the prior year; for the quarter, digital revenues for Dow Jones and the newspaper mastheads represented 29% of their revenues. Digital subscribers and users across key properties within the News and Information Services segment are summarized below: Revenues in the quarter increased $16 million, or 4%, compared to the prior year, primarily due to strong sales from Hidden Figures by Margot Lee Shetterly, the continued popularity of Hillbilly Elegy by J.D. Vance and the release of Carve the Mark by Veronica Roth, as well as the continued expansion of HarperCollins’ global footprint. Digital sales increased 7% compared to the prior year and represented 22% of Consumer revenues for the quarter. Segment EBITDA for the quarter increased $1 million, or 3%, as compared to the prior year. Revenues in the quarter increased $25 million, or 13%, compared to the prior year, primarily due to the continued growth at REA Group and Move. The growth was partially offset by the $9 million and $4 million impact from REA Group’s divestiture of its European business and Move’s sale of its TigerLead® product, respectively. Segment EBITDA in the quarter increased $36 million, or 92%, compared to the prior year, primarily due to the higher revenues noted above, $13 million of lower legal costs at Move and the absence of $7 million of transaction costs related to iProperty in the prior year, partially offset by increased costs related to higher revenues and increased marketing expenses. Adjusted Revenues and Adjusted Segment EBITDA increased 15% and 68%, respectively. In the quarter, revenues at REA Group increased 10% to $117 million from $106 million in the prior year due to an increase in Australian residential depth revenue, driven by favorable product mix and pricing increases, and a $6 million impact from favorable foreign currency fluctuations. The growth was partially offset by a $9 million, or 9%, decline in revenue resulting from the sale of REA Group’s European business in December 2016. Move’s revenues in the quarter increased 15% to $100 million from $87 million in the prior year, primarily due to the continued growth in its ConnectionSM for Buyers product and non-listing Media revenues. The growth was partially offset by a $4 million decline in revenue associated with the sale of TigerLead® in November 2016. Based on Move’s internal data, average monthly unique users of realtor.com®’s web and mobile sites for the fiscal third quarter grew 9% year-over-year to approximately 55 million; traffic in March grew 13% year-over-year to over 58 million monthly unique users. Revenues in the quarter increased $15 million, or 14%, compared to the prior year primarily due to the acquisition of Sky News and favorable foreign currency fluctuations. Segment EBITDA in the quarter was flat compared to the prior year. Adjusted Revenues and Adjusted Segment EBITDA, which exclude the impact from favorable foreign currency fluctuations and Sky News, increased 1% and 3%, respectively. Equity (losses) earnings of affiliates for the third quarter were ($23) million compared to $2 million in the prior year. On a U.S. GAAP basis, Foxtel revenues for the third quarter increased $13 million, or 2%, to $591 million from $578 million in the prior year period. In local currency, Foxtel revenues decreased 3%. Foxtel’s total closing subscribers were 2.8 million as of March 31, 2017, with closing cable and satellite subscribers 1% lower compared to the prior year period. In the third quarter, cable and satellite churn was 16.1% compared to 14.3% in the prior year. Churn was at a more normalized level of 13.5% in March. Foxtel’s net income was nil, compared to $32 million in the prior year period, primarily due to $21 million in losses related to Foxtel management’s decision to cease Presto operations in January 2017 and a $14 million loss resulting from the change in the fair value of Foxtel’s investment in Ten Network Holdings. Equity (losses) earnings of affiliates for Foxtel of ($16) million and $4 million for the three months ended March 31, 2017 and 2016, respectively, reflect the Company's share of Foxtel's net income, less the Company's amortization of $16 million and $12 million, respectively, related to the Company's excess cost over its share of Foxtel's finite-lived intangible assets. Foxtel EBITDA decreased $13 million, or 9%, to $131 million from $144 million in the prior year. In local currency, Foxtel EBITDA decreased 13%, primarily due to lower revenues and planned increases in programming costs, specifically investments in sports. Foxtel operating income for the three months ended March 31, 2017 and 2016 was $79 million and $85 million, respectively, after depreciation and amortization of $52 million and $59 million, respectively. Operating income decreased primarily as a result of the lower revenues and increased programming spend noted above, partially offset by lower depreciation cost and the positive impact of foreign currency fluctuations. The following table presents net cash provided by continuing operating activities and a reconciliation to free cash flow available to News Corporation: Net cash provided by continuing operating activities decreased by $365 million for the nine months ended March 31, 2017 as compared to the prior year period, which was primarily due to higher NAM Group settlement payments of $234 million during the period, lower dividends received of $30 million, as well as higher working capital due to timing. Free cash flow available to News Corporation in the nine months ended March 31, 2017 was ($19) million compared to $362 million in the prior year period. The decrease was primarily due to lower cash provided by continuing operating activities as discussed above along with higher REA Group free cash flow, partially offset by lower capital expenditures. Free cash flow available to News Corporation is a non-GAAP financial measure defined as net cash provided by continuing operating activities, less capital expenditures (“free cash flow”), less REA Group free cash flow, plus cash dividends received from REA Group. Free cash flow available to News Corporation excludes cash flows from discontinued operations. The Company considers free cash flow available to News Corporation to provide useful information to management and investors about the amount of cash that is available to be used to strengthen the Company’s balance sheet and for strategic opportunities including, among others, investing in the Company’s business, strategic acquisitions, dividend payouts and repurchasing stock. A limitation of free cash flow available to News Corporation is that it does not represent the total increase or decrease in the cash balance for the period. Management compensates for the limitation of free cash flow available to News Corporation by also relying on the net change in cash and cash equivalents as presented in the Company’s consolidated statements of cash flows prepared in accordance with GAAP which incorporates all cash movements during the period. COMPARISON OF ADJUSTED INFORMATION TO U.S. GAAP INFORMATION Adjusted Revenues, Total Segment EBITDA, Adjusted Total Segment EBITDA, adjusted net income from continuing operations available to News Corporation stockholders, Adjusted EPS and free cash flow available to News Corporation are non-GAAP financial measures contained in this earnings release. The Company believes these measures are important tools for investors and analysts to use in assessing the Company’s underlying business performance and to provide for more meaningful comparisons of the Company’s operating performance between periods. These measures also allow investors and analysts to view the Company’s business from the same perspective as Company management. These non-GAAP measures may be different than similar measures used by other companies and should be considered in addition to, not as a substitute for, measures of financial performance calculated in accordance with GAAP. Reconciliations for the differences between non-GAAP measures used in this earnings release and comparable financial measures calculated in accordance with U.S. GAAP are included in Notes 1, 2 and 3 and the reconciliation of net cash provided by continuing operating activities to free cash flow available to News Corporation is included above. News Corporation’s earnings conference call can be heard live at 5:30pm EDT on May 9, 2017. To listen to the call, please visit http://investors.newscorp.com. This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to changes in global economic, business, competitive market and regulatory factors. More detailed information about these and other factors that could affect future results is contained in our filings with the Securities and Exchange Commission. The “forward-looking statements” included in this document are made only as of the date of this document and we do not have any obligation to publicly update any “forward-looking statements” to reflect subsequent events or circumstances, except as required by law. News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers throughout the world. The company comprises businesses across a range of media, including: news and information services, book publishing, digital real estate services, cable network programming in Australia, and pay-TV distribution in Australia. Headquartered in New York, the activities of News Corporation are conducted primarily in the United States, Australia, and the United Kingdom. More information is available at: www.newscorp.com. The Company uses revenues, Total Segment EBITDA and Segment EBITDA excluding the impact of acquisitions, divestitures, costs associated with the U.K. Newspaper Matters, the NAM Group settlement charge, where applicable, and foreign currency fluctuations (“Adjusted Revenues, Adjusted Total Segment EBITDA and Adjusted Segment EBITDA,” respectively) to evaluate the performance of the Company’s core business operations exclusive of certain items that impact the comparability of results from period to period such as the unpredictability and volatility of currency fluctuations. The Company calculates the impact of foreign currency fluctuations for businesses reporting in currencies other than the U.S. dollar by multiplying the results for each quarter in the current period by the difference between the average exchange rate for that quarter and the average exchange rate in effect during the corresponding quarter of the prior year and totaling the impact for all quarters in the current period. The calculation of Adjusted Revenues, Adjusted Total Segment EBITDA and Adjusted Segment EBITDA may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what type of events warrant adjustment. Adjusted Revenues, Adjusted Total Segment EBITDA and Adjusted Segment EBITDA are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for amounts determined under GAAP as measures of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors. The following tables reconcile reported revenues and reported Total Segment EBITDA to Adjusted Revenues and Adjusted Total Segment EBITDA for the three and nine months ended March 31, 2017 and 2016. Adjusted Revenues and Adjusted Segment EBITDA by segment for the three and nine months ended March 31, 2017 and 2016 are as follows: The following tables reconcile reported revenues and Segment EBITDA by segment to Adjusted Revenues and Adjusted Segment EBITDA by segment for the three months ended March 31, 2017 and 2016. The following tables reconcile reported revenues and Segment EBITDA by segment to Adjusted Revenues and Adjusted Segment EBITDA by segment for the nine months ended March 31, 2017 and 2016. Segment EBITDA is defined as revenues less operating expenses, selling, general and administrative expenses and the NAM Group settlement charge. Segment EBITDA does not include: Depreciation and amortization, impairment and restructuring charges, equity (losses) earnings of affiliates, interest, net, other, net, income tax (expense) benefit and net income attributable to noncontrolling interests. Management believes that Segment EBITDA is an appropriate measure for evaluating the operating performance of the Company’s business segments because it is the primary measure used by the Company’s chief operating decision maker to evaluate the performance of and allocate resources within the Company’s businesses. Segment EBITDA provides management, investors and equity analysts with a measure to analyze the operating performance of each of the Company’s business segments and its enterprise value against historical data and competitors’ data, although historical results may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences). Total Segment EBITDA is a non-GAAP measure and should be considered in addition to, not as a substitute for, net income (loss), cash flow and other measures of financial performance reported in accordance with GAAP. In addition, this measure does not reflect cash available to fund requirements and excludes items, such as depreciation and amortization and impairment and restructuring charges, which are significant components in assessing the Company’s financial performance. The Company believes that the presentation of Total Segment EBITDA provides useful information regarding the Company’s operations and other factors that affect the Company’s reported results. Specifically, the Company believes that by excluding certain one-time or non-cash items such as impairment and restructuring charges and depreciation and amortization, as well as potential distortions between periods caused by factors such as financing and capital structures and changes in tax positions or regimes, the Company provides users of its consolidated financial statements with insight into both its core operations as well as the factors that affect reported results between periods but which the Company believes are not representative of its core business. As a result, users of the Company’s consolidated financial statements are better able to evaluate changes in the core operating results of the Company across different periods. The following table reconciles Total Segment EBITDA to Income (loss) from continuing operations. NOTE 3 – ADJUSTED NET (LOSS) INCOME FROM CONTINUING OPERATIONS AVAILABLE TO NEWS CORPORATION STOCKHOLDERS AND ADJUSTED EPS The Company uses net (loss) income from continuing operations available to News Corporation stockholders and diluted earnings per share from continuing operations (“EPS”) excluding expenses related to U.K. Newspaper Matters, Impairment and restructuring charges, “Other, net” and the NAM Group settlement charge, net of tax, recognized by the Company or its equity investees (“adjusted net income from continuing operations available to News Corporation stockholders and adjusted EPS,” respectively) to evaluate the performance of the Company’s operations exclusive of certain items that impact the comparability of results from period to period. The calculation of adjusted net (loss) income from continuing operations available to News Corporation stockholders and adjusted EPS may not be comparable to similarly titled measures reported by other companies, since companies and investors may differ as to what type of events warrant adjustment. Adjusted net (loss) income from continuing operations available to News Corporation stockholders and adjusted EPS are not measures of performance under generally accepted accounting principles and should not be construed as substitutes for consolidated net income available to News Corporation stockholders and net income per share as determined under GAAP as a measure of performance. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to investors to assist in their analysis of our performance relative to prior periods and our competitors. The following tables reconcile reported net (loss) income from continuing operations available to News Corporation stockholders and reported diluted EPS to adjusted net (loss) income from continuing operations available to News Corporation stockholders and adjusted EPS for the three and nine months ended March 31, 2017 and 2016.

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