Printmgr File

Appendix 4E Preliminary final report Name of entity NEWS CORPORATION ABN or equivalent company reference Financial year ended ARBN: 163 882 933 30 June 2019 Results for announcement to the market US$ million Revenues up $1,050 million (12%) to 10,074 Net income up $1,669 million (110%) to 155 Dividends Amount per share Franked amount Current period Final 2019 (declared): Class A – non-voting US$ 0.10 Unfranked Class B – voting US$ 0.10 Unfranked Interim 2019 (paid): Class A – non-voting US$ 0.10 Unfranked Class B – voting US$ 0.10 Unfranked Previous corresponding period Final 2018: Class A – non-voting US$ 0.10 Unfranked Class B – voting US$ 0.10 Unfranked Interim 2018: Class A – non-voting US$ 0.10 Unfranked Class B – voting US$ 0.10 Unfranked Dividends The total dividends declared relating to the period were US$0.20 per share of Class A Common Stock and Class B Common Stock. In August 2019, the Company declared the final dividend relating to the period of US$0.10 per share for Class A Common Stock and Class B Common Stock. This dividend, together with the interim dividend of US$0.10 per share of Class A Common Stock and Class B Common Stock constitute the total dividends relating to the period. The final dividend, which will be unfranked, is payable on 16 October 2019, with a record date for determining dividend entitlements of 11 September 2019. The final dividend has not been provided for in the Consolidated Financial Statements as it was not declared by the Directors prior to 30 June 2019. For personal use only Net Tangible Assets Net tangible asset backing per share is US$4.68 and US$4.44 as of 30 June 2019 and 2018, respectively, and is based on asset values disclosed in the Consolidated Balance Sheets. Additional Information Additional Appendix 4E disclosure requirements and commentary on these results is contained in the attached Form 10-K for the period ended 30 June 2019. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2019 Or ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35769 NEWS CORPORATION (Exact name of registrant as specified in its charter) Delaware 46-2950970 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1211 Avenue of the Americas, New York, New York 10036 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code (212) 416-3400 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.01 per share NWSA The Nasdaq Global Select Market Class B Common Stock, par value $0.01 per share NWS The Nasdaq Global Select Market Class A Preferred Stock Purchase Rights N/A The Nasdaq Global Select Market Class B Preferred Stock Purchase Rights N/A The Nasdaq Global Select Market Securities registered pursuant to Section 12(g) of the Act: None (Title of class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes È No ‘ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ‘ No È Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes È No ‘ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes È No ‘ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer È Accelerated filer ‘ Non-accelerated filer ‘ Smaller reporting company ‘ Emerging growth company ‘ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ‘ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ‘ No È For personal use only As of December 28, 2018, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market value of the registrant’s Class A Common Stock, par value $0.01 per share, held by non-affiliates was approximately $4,309,425,180, based upon the closing price of $11.25 per share as quoted on The Nasdaq Stock Market on that date, and the aggregate market value of the registrant’s Class B Common Stock, par value $0.01 per share, held by non-affiliates was approximately $1,384,737,608, based upon the closing price of $11.46 per share as quoted on The Nasdaq Stock Market on that date. As of August 5, 2019, 385,645,432 shares of Class A Common Stock and 199,630,240 shares of Class B Common Stock were outstanding. DOCUMENTS INCORPORATED BY REFERENCE Certain information required for Part III of this Annual Report on Form 10-K is incorporated by reference to the News Corporation definitive Proxy Statement for its 2019 Annual Meeting of Stockholders, which shall be filed with the Securities and Exchange Commission pursuant to Regulation 14A of the Securities Exchange Act of 1934, as amended, within 120 days of News Corporation’s fiscal year end. TABLE OF CONTENTS Page PART I ITEM 1. Business .............................................................. 1 ITEM 1A. Risk Factors ........................................................... 19 ITEM 1B. Unresolved Staff Comments .............................................. 35 ITEM 2. Properties ............................................................. 36 ITEM 3. Legal Proceedings ...................................................... 37 ITEM 4. Mine Safety Disclosures .................................................. 38 PART II ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities ........................................... 39 ITEM 6. Selected Financial Data .................................................. 40 ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations .......................................................... 42 ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk ..................... 73 ITEM 8. Financial Statements and Supplementary Data ................................ 76 ITEM 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure ........................................................... 156 ITEM 9A. Controls and Procedures .................................................. 156 ITEM 9B. Other Information ....................................................... 156 PART III ITEM 10. Directors, Executive Officers and Corporate Governance ........................ 157 ITEM 11. Executive Compensation ................................................. 157 ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters ................................................... 157 ITEM 13. Certain Relationships and Related Transactions, and Director Independence ......... 158 ITEM 14. Principal Accountant Fees and Services ..................................... 158 PART IV ITEM 15. Exhibits and Financial Statement Schedules .................................. 159 ITEM 16. Form 10-K Summary .................................................... 162 SIGNATURES ......................................................................... 163 For personal use only PART I ITEM 1. BUSINESS OVERVIEW The Company News Corporation (the “Company,” “News Corp,” “we,” “us,” or “our”) is a global diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services to consumers and businesses throughout the world. The Company comprises businesses across a range of media, including news and information services, subscription video services in Australia, book publishing and digital real estate services, that are distributed under some of the world’s most recognizable and respected brands, including The Wall Street Journal, Dow Jones, The Australian, Herald Sun, The Sun, The Times, HarperCollins Publishers, Foxtel, FOX SPORTS Australia, realestate.com.au, realtor.com®, talkSPORT and many others. The Company’s commitment to premium content makes its properties a premier destination for news, information and entertainment. The Company distributes its content and other products and services to consumers across various platforms consisting of traditional print and television, as well

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