News Corporation is a global media company that operates across various segments, including news and information services, book publishing, and digital real estate
It is known for its portfolio of prominent newspapers and digital platforms, providing a diverse range of content that includes news reporting, entertainment, and educational materials. The company also engages in property advertising through its online platforms and leverages its extensive media reach to connect audiences with relevant information and services. Through its various subsidiaries, News Corporation plays a significant role in shaping the media landscape and delivering trusted content to consumers worldwide.
News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA: ASX: NWS, NWSLV) announced today that it has entered into a definitive agreement for the sale of Foxtel Group (“Foxtel”) to DAZN Group Limited (“DAZN”), a premier global sports streaming platform.
Rupert Murdoch's attempt to favor his eldest son Lachlan in a trust fund shuffle hit a roadblock when Commissioner Edmund J. Gorman Jr. ruled against it.
News Corp announced today that HarperCollins Publishers President and Chief Executive Officer Brian Murray will participate in the UBS Global Media and Communications Conference on Tuesday, December 10, 2024. The session will begin at 9:00 AM EST.
News Corp will release its second quarter Fiscal 2025 results on Wednesday, February 5, 2025. News Corp Chief Executive Robert Thomson and Chief Financial Officer Lavanya Chandrashekar will discuss the results via a live audio webcast at 5:00 p.m. EST (Sydney: February 6, at 9:00 a.m. AEDT).
News Corp has been treading water for the past six months, recording a small loss of 0.9% while holding steady at $27.47. The stock also fell short of the S&P 500’s 6.1% gain during that period.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the media industry, including The New York Times (NYSENYT) and its peers.
News Corp (NASDAQ: NWS, NWSA; ASX: NWS; NWSLV) today announced that, at its Annual Meeting of Stockholders, stockholders overwhelmingly elected the company’s full slate of Directors and voted with the Board’s recommendations on all proposals, including convincingly defeating the non-binding proposal to adopt a recapitalization plan that would eliminate News Corp’s dual-class capital structure.
Global media and publishing company News Corp (NASDAQNWSA) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3.1% year on year to $2.58 billion. Its non-GAAP profit of $0.21 per share was 24% above analysts’ consensus estimates.
News Corp (NASDAQ: NWS, NWSA; ASX: NWS; NWSLV) announced today that Susan Panuccio will step down from her role as Chief Financial Officer on January 1, 2025, and will be succeeded by Lavanya Chandrashekar. Ms. Panuccio will continue in an advisory capacity for six months to help ensure a smooth transition and to support Ms. Chandrashekar.
News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended September 30, 2024.
Starboard Value LP (together with its affiliates, “Starboard” or “we”), one of the largest shareholders of News Corporation (Nasdaq: NWSA, NWS) ("News Corp" or the "Company"), today announced that Institutional Shareholder Services Inc. (“ISS”), Glass, Lewis & Co. (“Glass Lewis”), and Egan-Jones Proxy Services (“Egan-Jones”), three leading U.S. proxy advisory firms, recommend shareholders vote FOR Starboard’s proposal to collapse the dual-class share structure at the Company’s upcoming 2024 Annual Meeting of Shareholders. Additionally, Ownership Matters Governance Advisors (“Ownership Matters”), a leading proxy advisory firm in the Australian market, recommends shareholders vote FOR this same proposal.
News Corp will release its first quarter Fiscal 2025 results on Thursday, November 7, 2024. News Corp Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio will discuss the results via a live audio webcast at 5:00 p.m. EST (Sydney: November 8, at 9:00 a.m. AEDT).
Rupert Murdoch's Dow Jones and the New York Post have filed a lawsuit against Jeff Bezos-backed AI firm Perplexity, accusing it of using their copyrighted content without authorization and redirecting traffic away from their platforms.
News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) (the “Company”) confirmed today that a stockholder has submitted a non-binding proposal for presentation at News Corp’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”) to request that the Board of Directors adopt a recapitalization plan that would eliminate News Corp’s dual-class capital structure.
Starboard Value LP (together with its affiliates, “Starboard” or “we”), a significant shareholder of News Corporation (Nasdaq: NWSA, NWS) (“News Corp” or the “Company”), today released the below letter sent to News Corp shareholders. A copy of the letter can be reviewed below or downloaded at: https://www.starboardvalue.com/presentations.
