News Corporation Class A (NWSA) maintains its
dual-class structure despite Starboard's numerous attempts to bid its termination. The company successfully turned down the proposal in recent annual meetings. News Corp.'s decision reflects the move to protect its long-held control system, which is retained by the Murdoch family. The corporation reported a
record Q1 profit, bolstering its position in the market. Despite overall market underperformance in some instances, News Corp managed several strong trading days, indicating a robust potential. The company made announcements on their ongoing
stock buyback, further promising firm value for shareholders. As a result, there have been significant movements by major investors adjusting their positions; Whale Rock Capital Management LLC and Point72 Hong Kong Ltd acquired new positions, whilst Avala Global LP and UBS AM decreased their holdings. Analysts, such as Goldman, believe that News Corp is set for a
long-term rally, especially considering its potential in artificial intelligence. Meanwhile, the company continues to innovate as Dow Jones expands compliance data services with WorldECR acquisition. However, NWSA is facing the legal challenge of Rupert Murdoch trial and other structural issues. Despite these challenges, Q1 reports showed optimistic results and further fiscal projections seem positive.
News Corporation Class A NWSA News Analytics from Fri, 04 Mar 2016 08:00:00 GMT to Fri, 06 Dec 2024 22:13:00 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -5
