Wednesday, November 23, 2011

James Murdoch has resigned from his role on the boards of News Group Newspapers Limited (NASDAQ:NWSA),


Uploaded by on Nov 23, 2011
James Murdoch has resigned from his role on the boards of News Group Newspapers Limited (NASDAQ:NWSA), which publishes The Sun and Times Newspapers Limited and used to operate the News of the World, the London Evening Standard reports.

Murdoch is also facing quits as chairman of BskyB at next week's annual general meeting.

News Corp (NASDAQ:NWSA) has potential upside of 31% based on a current price of $15.99 and an average consensus analyst price target of $20.95.

News Corp should find initial resistance at its 50-day moving average (MA) of $16.66 and further resistance at its 200-day MA of $16.78.
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