News Corp has initiated a
$1 billion stock repurchase program, an action which is widely viewed as beneficial by shareholders. Despite the attempt by Starboard to terminate
News Corp.'s dual-class structure, it was overturned, maintaining the current voting structure. Meanwhile, companies like
Miracle Mile Advisors LLC and
Assenagon Asset Management S.A. have made major acquisitions of the company's shares.
Foxtel, a part of News Corp, has been sold to
DAZN as part of a strategic A$3.4B enterprise deal, simplifying its portfolio. Despite the unsuccessful call to change the dual-class structure, the general consensus among analysts is a 'Buy' recommendation. The company's consistent track record of repurchasing shares shows their confidence in stock value.
News Corp also revealed positive results in their first quarter for the Fiscal year 2025, further bolstering investor confidence. Several measures were taken for organizational restructuring including the departure of CFO
Susan Panuccio and Rupert Murdoch stepping down as chairman. Overall, the company has been proactive in making strategic decisions and improving shareholder value while combating internal organizational issues.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Sat, 18 Jan 2025 23:17:37 GMT -
Rating 7
- Innovation -5
- Information 6
- Rumor 3
