News Corporation (NWSA) had its
Q4 2024 Earnings Call and reported both Q4 and full year results for fiscal 2024, with some key metrics exceeding Wall Street estimates.
QRG Capital Management Inc. and
Jane Street Group LLC have adjusted their positions, while
Swedbank AB,
Magnetar Financial LLC, and
Bayesian Capital Management LP have initiated new stakes. The stock is in an ongoing buyback program, with $1 billion authorized for repurchase, which was well received by investors causing a positive uptick in the stock. This may potentially change as
Activist investor Starboard is reportedly planning to seek changes at the company. It has announced a semi-annual dividend of $0.10. A potential sale of Australian TV business Foxtel is also being evaluated by the company. NWSA shares have shown an uptrend and strengthened their position in the market after a multiyear deal with OpenAI. Rupert Murdoch has stepped down as chairman, sparking discussions about the succession and the future of the company. The company's CFO,
David DeVoe, has also announced his plans to retire.
News Corporation Class A NWSA News Analytics from Thu, 25 Aug 2011 07:00:00 GMT to Sun, 11 Aug 2024 13:19:34 GMT -
Rating 8
- Innovation 2
- Information 7
- Rumor -5
