News Corporation Class A (NWSA) has been a recurrent subject in recent market news, primarily focused on its ongoing
stock repurchase program, while contending with calls to end its dual-class share structure. Firms like
Starboard have pushed for an elimination of this class system, but News Corp maintains it, despite some resistance from shareholders. Various asset management institutions and investors, including Fmr LLC,
Virtu Financial LLC and
Barclays PLC, have been adjusting their positions in the company, with many increasing their holdings. News Corp announced a
record Q1 profit, and dismissed a proposal that called for the cessation of the dual-class structure. Various entities, including institutions like Point72 Hong Kong and Whale Rock Capital, made new investments in the company. The firm continues with its billion-dollar
stock buyback initiative, having rejected an activist bid to end the dual-class share structure. There were reports of News Corp considering the sale of its Australian TV unit Foxtel and the potential acquisition of Rightmove by a subsidiary. The company beat earnings expectations and is expected to report earnings soon.
News Corporation Class A NWSA News Analytics from Fri, 04 Mar 2016 08:00:00 GMT to Fri, 13 Dec 2024 10:04:20 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -5
