Shearman & Sterling advised J.P. Morgan Securities Inc., Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers and joint bookrunners in connection with a $2 billion five year revolving credit facility for News America Incorporated.

The Shearman & Sterling team included partners Maura O’Sullivan (New York-Finance) and Larry Crouch (Menlo Park-Tax); counsel Susan L. Hobart (New York-Finance); and associates Brian Carter (New York-Finance), Dovid Duchman (New York-Finance) and Eva Rasmussen (New York-Executive Compensation & Employee Benefits).