Brexit Clouds News Corporation’s Near-Term Outlook but Long-Term Value Remains

Britain's decision to exit the European Union is likely to cast the equities market into a sea of uncertainty. The impact on News Corporation’s stock price is likely to be pronounced due to currency, its operations in Britain/Europe and the fact it is a company critically dependent on advertising and marketing--two activities likely to take a back seat as corporate confidence suffers in response to a Britain-less European marketplace.