News Corporation (NASDAQ: NWSA) has achieved a new 52-Week high and announced various updates on its stock repurchase program. Despite the push by investor Starboard to end the dual-class structure of shares, proposals for this change have been rejected. Several organizations including CYR Financial, Wilmington Savings Fund Society, and Mirae Asset Global Investments have notably increased their stakes in News Corp. NWSA was also raised to a 'Buy' rating by StockNews.com, and a quarterly dividend of $0.10 has been declared. Notable activity also includes the continuation of a $1 billion stock buyback program and the recent sale of Foxtel for an enterprise value of AUD 3.4 billion. News Corp's risk & compliance revenue rose by 16% to $300 million. The Q4 sales of News Corp surpassed estimates and a noteworthy upside on the stock target has been suggested. News Corp's ownership of A2i Systems has been expanded while Rupert Murdoch steps down as chairman of Fox, and News Corp.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Sat, 15 Feb 2025 20:59:12 GMT -
Rating 8
- Innovation -4
- Rumor -6
