A News Corp Australia spokesperson has confirmed to InvestorDaily that NewsCorp-owned publication Eureka Report is “in discussions to bring to market an innovative investment platform solution for people wanting greater say in the management of their investments”.
OneVue is currently in a trading halt pending an official announcement “in response to media reports about negotiations for distributions of OneVue’s products and services through Eureka Report, a subsidiary of News Corp”.
Speaking to InvestorDaily, OneVue chief executive Connie Mckeage said her company was in “final negotiations with News Corp”.
“News [Corp] is a serious global partner that we’ve been working with in the last few months,” Ms Mckeage said.
“The reality is that this is a special relationship that we have [with News Corp] and it won’t be replicated,” she said.
Following the expected announcement of the News Corp distribution deal, OneVue will be rolling out its digital capability to a series of other clients, Ms Mckeage said.
“We’re big believers in the digital investor,” she said.
And contrary to popular belief, OneVue has not stopped investing in its platforms, Ms Mckeage said.
“We have accelerated the investment in our platforms. We think it’s a new era, and that includes things like mFund,” she said.
The investment newsletter Eureka Report was founded by business journalist Alan Kohler.
News Corp purchased Australian Independent Business Media, the publisher of Business Spectator and the Eureka Report, in June 2012 for $30 million.
