NEW YORK, NY, February 10, 2009 –
News America Incorporated, a subsidiary of News Corporation, today announced
the pricing of an issuance of $700 million of 6.90% Senior Notes due 2019
and $300 million of 7.85% Senior Notes due 2039 (together, the “Notes”). The
closing of the offering is expected to occur on February 13, 2009, subject
to satisfaction of customary closing conditions. News America will receive
gross proceeds of $998,384,000 from this offering and expects to use the net
proceeds for general corporate purposes.
The offering will be made in accordance with Rule 144A under the Securities
Act of 1933, as amended, to purchasers in the United States and in
accordance with Regulation S under the Securities Act to purchasers outside
of the United States. The offering of the Notes has not been registered
under the Securities Act, and the Notes may not be offered or sold absent
registration or an applicable exemption from registration. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy the Notes.
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of
December 31, 2008 of approximately US$50 billion and total annual revenues
of approximately US$33 billion. News Corporation is a diversified global
media company with operations in eight industry segments: filmed
entertainment; television; cable network programming; direct broadcast
satellite television; magazines and inserts; newspapers and information
services; book publishing; and other. The activities of News Corporation are
conducted principally in the United States, Continental Europe, the United
Kingdom, Australia, Asia and Latin America.
Contact:
Investor Relations: Reed Nolte 212-852-7092
Press: Teri Everett 212-852-7070