News Corporation (NWSA) has shown strong performance in fiscal 2025, exceeding expectations with record-breaking Q2 results, highlighting successful digital transformation. The company issued semi-annual cash dividends for Class A and B common shares and continues its $1 billion stock repurchase initiative.
However, Starboard's proposal to end its dual-class structure failed, despite gaining some shareholder support. Investor firms urge for reconsideration, but this suggestion was formally rejected in a recent annual meeting. Offsetting these part, UBS Group upgraded the stock to 'Buy' and Wall Street analysts hypothesize a potential surge of 33.55%.
In other developments, News Corp sold Foxtel to DAZN at an enterprise value of A$3.4 Billion and Dow Jones saw a 16% surge in Risk & Compliance revenue, further expanding their stake in Ripjar and acquiring A2i Systems. Pioneer, Rupert Murdoch, stepped down as chairman, handing over to Lachlan Murdoch.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Fri, 07 Feb 2025 00:41:29 GMT - Rating 7 - Innovation 1 - Information 8 - Rumor -3
