[July 07, 2011] News Corp. Shutting Down News of the World (NWSA) Tweet Jul 07, 2011 (SmarTrend(R) News Watch via COMTEX) -- News Corp. (NASDAQ:NWSA) announced that it plans to close the U.K. newspaper News of the World. The publication has been stunned with allegations that an employed private investigator of the company hacked the voice mails of actors, crime victims, and politicians among others. News of the World is the largest Sunday newspaper circulation in the U.K. with more than 2 million readers. News Corp. has a potential upside of 14.7% based on a current price of $17.71 and an average consensus analyst price target of $20.31. News Corp is currently above its 50-day moving average (MA) of $17.24 and above its 200-day of $15.85. In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.26%. News Corporation is a diversified global media company. The Company's operations include the production and distribution of motion pictures and television programming. The Company provides television, direct satellite, and cable broadcasting and the publication of newspapers, magazines, books and promotional inserts. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]