News Corporation (NWSA) continues with its stock repurchase program, despite investors rejecting Starboard's proposal to end the company's dual-class voting structure. News Corp remains resilient amid the push from Starboard Value, who filed a proposal seeking structural reforms in the company's shareholding. Meanwhile, investment in the NWSA grows as financial corporations like JPMorgan Chase and Co. increased their holdings.
The company has made significant deals recently, such as their agreement to sell Foxtel to DAZN for A$3.4 billion. In addition, the subsidiary Dow Jones has grown its stake in Ripjar, a strategic move that coincides with a surge in risk and compliance revenue by 16% up to $300 million.
However, the corporation faces succession issues after the departure of key executives leading to speculation and concern among shareholders. Going forward, it will be key to observe how News Corp adapts to these challenges and leverages its financial performance and strategic deals to enhance shareholder value.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Fri, 10 Jan 2025 14:08:10 GMT - Rating 6 - Innovation 1 - Information 7 - Rumor -4
