MEDIA

News Corp. Worth 50% More Without Murdoch

07/18/2011 08:39 am 08:39:23 | Updated Sep 17, 2011

What’s News Corp. (NWSA) really worth? At least 50 percent more without Rupert Murdoch.

The company, which owns the Fox TV networks and the Wall Street Journal, has fallen 13 percent since allegations surfaced that one of Murdoch’s tabloid newspapers hacked into the voicemail of a murdered schoolgirl, wiping out $6 billion from News Corp. (NWS)’s market capitalization in less than two weeks. The $41 billion company now sells for less versus earnings than any of its closest rivals, according to data compiled by Bloomberg.

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