News Corp. Settles with Valassis Communications for $500 Million

NEW YORK CITY—January 30, 2010—News Corp. today announced it has settled with Valassis Communications Inc. for $500 million in a lawsuit filed against the company’s News America Marketing (NAM) unit that was scheduled to go to trial in a Michigan federal court on February 2, 2010. The settlement also covers the $300 million Valassis was awarded in July in a Michigan circuit court that is currently on appeal and a pending state court case in California.