NEW YORK, NY, August 20, 2009 – News America Incorporated, a
subsidiary of News Corporation, today announced the pricing of an issuance
of $400 million of 5.65% Senior Notes due 2020 and $600 million of 6.90%
Senior Notes due 2039 (together, the “Notes”). The closing of the offering
is expected to occur on August 25, 2009, subject to satisfaction of
customary closing conditions. News America will receive gross proceeds of
$997,624,000 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
June 30, 2009 of approximately US$53 billion and total annual revenues of
approximately US$30 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: Jack Horner 646-386-6215