On the Morning Mail today, David is joined by Evans and Partners Senior Research Analyst Tony Wilson.
We discuss various sensitivities to our News Corporation valuation in light of the current News of the World issues in the United Kingdom. Tony discusses our current valuation and factors in this valuation that may change over time, including BSkyB and the current cash balance.
At this point, our research recommendation remains Positive given the underlying value of their businesses but we highlight that the issues in the UK take the company into unchartered territory. Recovery in the stock price might take time and could involve some volatility.
