Charles De Vaulx‘s International Value Advisors recently filed an amended Form 13G with the SEC in which it reported lowering its stake in News Corp (NASDAQ:NWSA) to 8.64 million Class B Common Shares, which account for 4.32% of the company’s outstanding stock. According to its 13F filing for the end of June, International Value Advisors held 14.08 million Class B Common Shares and 20.2 million Class A Shares.
News Corporation is a global mass media company which distributes various content, and which runs five divisions: Cable Network Programming, News and Information Services, Digital Real Estate Services, Book Publishing, and Other. The company’s stock is up by 1.35% year-to-date. For the fourth quarter of its fiscal year 2016, News Corporation reported earnings per share of $0.16 and revenue of $2.2 billion, compared to EPS of $0.01 and revenue of $2.1 billion for the same quarter of its fiscal 2015.
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According to Insider Monkey’s hedge fund database, 35 investors were bullish on News Corp (NASDAQ:NWSA) at the end of June, up by one from the previous quarter. Some of the investors that reported long positions in the company included Richard S. Pzena’s Pzena Investment Management, which held a position worth $374.29 million, Natixis Global Asset Management’s Harris Associates, with a position valued at $212.70 million, Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, Jim Simons’ Renaissance Technologies, and Adam Fox and Samuel Elder’s Altalis Capital Partners.
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Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| International Value Advisers | 0 | 8,635,507 | 4.32% |
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Page 1 of 5 – SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
News Corp – Class B
(Name of Issuer)
Common
Stock
Stock
(Title of Class of Securities)
65249B208
(CUSIP Number)
September 30, 2016
(Date
of Event Which Requires Filing of this Statement)
of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☒
Rule 13d-1(b)
Rule 13d-1(b)
☐
Rule 13d-1(c)
Rule 13d-1(c)
☐
Rule 13d-1(d)
Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting persons initial filing on
this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in
a prior cover page.
this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in
a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be filed for
the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to
the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to
the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
Page 2 of 5 – SEC Filing
| CUSIP No. | 65249B208 | Page | 2 | of | 5 pages |
| 1 | NAMES OF REPORTING PERSONS. I.R.S. Identification Nos. of above persons (entities only). International Value Advisers, LLC | ||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||
| (a) ☐ | |||||
| (b) ☐ | |||||
| 3 | SEC USE ONLY | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
| Delaware | |||||
| 5 | SOLE VOTING POWER | ||||
| NUMBER OF | 8,411,473 | ||||
| SHARES | 6 | SHARED VOTING POWER | |||
| BENEFICIALLY | |||||
| OWNED BY | 0 | ||||
| EACH | 7 | SOLE DISPOSITIVE POWER | |||
| REPORTING | |||||
| PERSON | 8,635,507 | ||||
| WITH: | 8 | SHARED DISPOSITIVE POWER | |||
| 0 | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
| 8,635,507 | |||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
| ☐ | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
| 4.32% | |||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
| Investment Adviser | |||||
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Page 3 of 5 – SEC Filing
Item 1.
| (a) | Name of Issuer News Corp. | ||
| (b) | Address of Issuers Principal Executive Offices 1211 Avenue of the Americas New York, NY 10036 |
Item 2.
| (a) | Name of Person Filing International Value Advisers, LLC | |||
| (b) | Address of Principal Business Office or, if none. Residence 717 Fifth Avenue, 10th Floor, New York, NY 10022 | |||
| (c) | Citizenship Delaware | |||
| (d) | Title of Class of Securities Common Stock | |||
| (e) | CUSIP Number 65249B208 |
Item 3.
If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check
whether the person filing is a:
If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check
whether the person filing is a:
| (a) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). | ||||
| (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | ||||
| (c) | ☐ | Insurance company as defined in section 3(a)(l9) of the Act (15 U.S.C. 78c). | ||||
| (d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). | ||||
| (e) | ☒ | An investment adviser in accordance with §240.l3d-l(b)(l)(ii)(E); | ||||
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-l(b)(l )(ii)(F); | ||||
| (g) | ☐ | A parent holding company or control person in accordance with § 240.13d-l(b)( l)(ii)(G); | ||||
| (h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | ||||
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | ||||
| (j) | ☐ | Group, in accordance with §240.l3d-l(b)(I)(ii)(J). |
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Page 4 of 5 – SEC Filing
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage of the class of
securities of the issuer identified in Item 1.
securities of the issuer identified in Item 1.
| (a) | Amount beneficially owned: 8,635,507 | |||
| (b) | Percent of class: 4.32% | |||
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or to direct the vote 8,411,473 | ||
| (ii) | Shared power to vote or to direct the vote 0. | ||
| (iii) | Sole power to dispose or to direct the disposition of 8,635,507 | ||
| (iv) | Shared power to dispose or to direct the disposition of 0. |
Instruction. For computations regarding securities which represent a right to acquire an
underlying security see §240.l3d-3(d)(l).
underlying security see §240.l3d-3(d)(l).
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report
the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the
class of securities, check the following ☐.
the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the
class of securities, check the following ☐.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company
Reported on By the Parent Holding Company
Item 8.
Identification and Classification of Members of the Group
Identification and Classification of Members of the Group
Item 9. Notice of Dissolution of Group
Item 10. Certification
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Page 5 of 5 – SEC Filing
By
signing below I certify that, to the best of my knowledge and belief, the securities referred to
above were acquired and are held in the ordinary course of business and were not acquired and are
not held for the purpose of or with the effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
signing below I certify that, to the best of my knowledge and belief, the securities referred to
above were acquired and are held in the ordinary course of business and were not acquired and are
not held for the purpose of or with the effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information
set forth in this statement is true, complete and correct.
set forth in this statement is true, complete and correct.
| October 10, 2016 | ||
| Date | ||
| /s/ Shanda Scibilia | ||
| Signature | ||
| Chief Compliance Officer | ||
| Name/Title |
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)
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