News Corp. Settles with Valassis Communications for $500 Million

"I am pleased that we were able to reach a mutually agreeable settlement and avoid protracted future litigation," said Alan F. Schultz, Valassis Chairman, President and Chief Executive Officer.

News Corp.
News Corp. (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of September 30, 2009 of approximately US$55 billion and total annual revenues of approximately US$30 billion. News Corporation is a diversified global media company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; integrated marketing services; newspapers and information services; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and Latin America.