Stock buybacks and dividends are in store.
Good day and welcome to the News Corporation Third Quarter Investors Conference Call. Today's conference is being recorded. Please note that participants associated with the media will be on listen-only for the duration of today's call.
But even after raising our fair value estimate, we think the shares are fairly valued.
A group of top managers continue to keep looking for good investment opportunities, while taking full advantage of a rising (and potentially overvalued) market to book some gains.