nws ....down 2%, page-12

re: nws looks like to me as opportunistic shorting by instos who got caught by malone last week.

Going to hurt if up in the states tonight.

I have read the ann on the rights - basically lets the murdochs stop a raid. Can't see that as necessarily a bad thing - gives them a better negotiating position with Malone in any deal he may want to try.

exciting times for long holders for sure.