Telegraph Sale Makes News Corp Newspapers Appear Undervalued -- Market Talk

Dow Jones
2025/06/05

0122 GMT - The sale of the U.K.'s Telegraph newspapers suggests to Morgan Stanley that they and others might be undervaluing News Corp's newspaper assets in the U.K. and Australia. The MS analysts write in a note that Telegraph Media Group's US$675 million price tag represents an enterprise value of 8.4 times Ebitda, based on the last publicly available financials. They currently value News Corp's U.K. and Australian newspapers account at US$657 million, or just 2%-3% of the media conglomerate's total value. This now looks conservative at just 5X expected fiscal 2025 Ebitda, they say. MS has an overweight rating and US$37.00 target price on News Corp's U.S.-listed stock, which closed at US$32.16. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

June 04, 2025 21:22 ET (01:22 GMT)

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