Small Business Reading Room


Tuesday, December 07, 2004

Old News

I know that I am not the only one who is letting time fly by this holiday season. If you are like me, you may have missed the press release by News Corporation on 11/12/2004 that announced they have completed their reincorporation to the USA. Any guesses as to which state Rupert Murdoch & co. chose to call home?

Among the reasons that News Corp. indicated for reincorporating in Delaware were the numerous benefits the move promised for its shareholders. By moving to the U.S. from Australia, News Corp. expects to increase the scope and depth of their shareholder base, improve trading liquidity, enhance access to the capital markets and also make the company’s shares eligible for inclusion in a variety of U.S. based indices.
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