Tag Archives: Newspaper

Newcastle Investment Announces Plan To Spin Off Media Assets To Shareholders

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Newcastle Investment Corp(NCT), which in May spun off a residential REIT, the creatively named New Residential Investment Corp(NRZ), has announced plans to spin off its media business to shareholders.  Newcastle is a bit of a strange beast. It is structured as a REIT and controlled by Fortress Investment Group (FIG). The transaction itself is strange as well. Newcastle… Read More »

Stop The Presses? News Corp To Toss Newspapers To The Curb

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After days of speculation, and months of internal debate, News Corp(NWSA) announced yesterday that it will spin off its newspaper and publishing business. The company aims to complete the transaction in the first half of 2013. Rupert Murdoch will remain Chairman of both companies and CEO of the media and entertainment business.  Each company will continue to have… Read More »