Charles Schwab Investment Management Inc. holds a significant position in News Co. (NASDAQ:NWSA) worth $103.20 Million. However,
News Co. failed to meet their Q1 sales targets. In spite of this, the company has outperformed its competitors in strong trading. The company is set to report their earnings, with speculation around the key metrics versus estimates. Over the past year, News Co.'s stock has grown by 29%, leading to predictions about its future direction. The company has announced the continuation of a $1 billion stock buyback program which caused a notable jump in share prices. An activist investor is reported to be seeking changes in the company and has been successful in building a substantial stake in the corporation. The company recently announced Q2 sales surprise. This is coupled with
Rupert Murdoch stepping down as chairman, leaving his son
Lachlan Murdoch in control. At the same time, an activist investor suggests News Corp should consider spinning off a unit, rather than pursuing a merger. Meanwhile,
Irenic has addressed News Corp's special committee about exploring value-maximizing alternatives.
News Corporation Class A NWSA News Analytics from Tue, 19 Jul 2011 07:00:00 GMT to Sun, 12 May 2024 21:07:08 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 3
