NWS News: UPDATE 1-Starboard's Smith pushes for News Corp break-up - 18th Oct 2023, 12:48am

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(Adds background from Starboard presentation)

By Svea Herbst-Bayliss

NEW YORK, Oct 17 (Reuters) - Activist hedge fund Starboard Value's CEO Jeff Smith said on Tuesday that Rupert Murdoch's News Corp is trading at a big discount to the value of its assets and should consider spinning some of them off.

Smith's remarks at the 13D Monitor Active Passive Investor Summit came after Reuters revealed last week that Starboard had become a News Corp shareholder, in a prelude to a potential shake-up at ...

>>> Read more: UPDATE 1-Starboard's Smith pushes for News Corp break-up
 
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