Following significant events concerning News Corporation (NWSA), extensive progress has been made in several areas. Despite the continuous lawsuit by Citigroup and Starboard's unsuccessful attempt to abolish NWSA's Dual-Class structure, NWSA has been adept at maintaining a robust position in the market. The company revealed major updates regarding their stock repurchase following their 2024 annual meeting of shareholders.
Notably, a semi-annual cash dividend has been announced, reinforcing the company's financial strength. This, along with Citi maintaining their buy position on the stock and conveying a $36 target, shows positive anticipations. Despite varying opinions on NWSA's performance in the Communication Service sector, the company reported strong Q2 fiscal results for 2025.
Furthermore, various efforts have been made towards their billion-dollar buyback program, and a notable decision includes classifying the Foxtel unit as discontinued operations. NWSA also agreed to sell Foxtel to DAZN, yielding them an enterprise value of A$3.4 billion. In addition, Dow Jones's acquisition of WorldECR has significantly bolstered their editorial reach into the Global Compliance community.
Per recent developments, Rupert Murdoch resigned from his position as chairman of Fox and News Corp, establishing an intriguing scenario for NWSA's future.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Fri, 21 Feb 2025 12:01:11 GMT - Rating 5 - Innovation 1 - Information 8 - Rumor -9
