Will News Corp’s Heaviest Stockholders Add to Their Positions on This Catalyst?

For the year-to-date, News Corp.(NASDAQ:NWSA) shares are up 3.11 percent. On Thursday, the company confirmed that it is considering the conversion of one of its cable channels into a national sports network; this will compete with Walt Disney Co.’s (NYSE:DIS) dominant ESPN network.

New Corp. will look to its Speed cable channel, which currently focuses on Nascar, as the one to move into a general sports network. The channel is currently in more than 80 million North American homes, reported Bloomberg.

Fox Networks Chief Operating Officer David Haslingden said at a New York investor conference of the possible change, “There’s a lot of optionality with Speed, and it could be turned into a broader sports network. We haven’t decided yet whether we’ll do that, but it’s a great option we have.”

With a potential move to expands its sports cable offerings, will News Corp.’s largest shareholders increase their holdings? 548 institutional firms indicated owning shares of News Corp. (NASDAQ:NWSA) in Q1 2012. These firms reported owning a total of 1.466 billion shares on 03/31/2012. The shares closed at $19.71 on 03/31/2012.

Here are the ten largest positions in News Corp. at the end of March 31st, 2012.

Capital Research Global Investors held 126,653,273 shares on 03/31/2012 worth $2,496,335,895. This brought the portfolio total to 1.06%.

Dodge & Cox held 105,847,869 shares on 03/31/2012 worth $2,086,261,401. This brought the portfolio total to 2.67%.

Vanguard Group Inc held 87,718,978 shares on 03/31/2012 worth $1,728,940,976. This brought the portfolio total to 0.23%.

Yacktman Asset Management Co/IL held 77,112,902 shares on 03/31/2012 worth $1,519,895,228. This brought the portfolio total to 10.38%.

State Street Corp held 75,549,015 shares on 03/31/2012 worth $1,489,071,016. This brought the portfolio total to 0.23%.

Blackrock Institutional Trust Company N.A. held 55,976,334 shares on 03/31/2012 worth $1,103,293,492. This brought the portfolio total to 0.25%.

Childrens Investment Fund Management (UK) LLP held 49,986,592 shares on 03/31/2012 worth $985,235,683. This brought the portfolio total to 57.74%.

Janus Capital Management LLC held 48,589,959 shares on 03/31/2012 worth $957,708,047. This brought the portfolio total to 0.99%.

Franklin Resources Inc held 46,774,315 shares on 03/31/2012 worth $921,921,706. This brought the portfolio total to 0.61%.

Highfields Capital Management LP held 38,255,400 shares on 03/31/2012 worth $754,013,899. This brought the portfolio total to 7.82%.

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