News Corp at UBS Global TMT Conference (Virtual) Transcript

Dec 07, 2021 / 10:00PM GMT
Thomas G. Beadle - UBS Investment Bank, Research Division - Associate Director and Research Analyst

Good afternoon, everyone and thanks for joining me. My name is Tom Beadle, and I'm from the TMT team at UBS based in Sydney, Australia, and I'm the lead analyst for News Corporation. It's my pleasure to introduce Susan Panuccio, the CFO of News Corporation. So welcome Susan.

Questions and Answers:

Thomas G. Beadle - UBS Investment Bank, Research Division - Associate Director and Research Analyst

Maybe to begin with. It's been an eventful 24 months, to say the least, with COVID-19 impacting News Corp's advertising revenues and print subscription revenues amongst other things. You've made significant restructuring across most of your businesses in response to COVID-19, which has probably accelerated some structural challenges. Some businesses such as book publishing have benefited. You've turned the corner at Foxtel and have made a number of acquisitions and have now actually started a share buyback as well. So you've done a lot, obviously, over those last
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