News Corporation Class A (NWSA) has made various announcements concerning its stock repurchase program, persistently buying back shares. The decision to maintain a dual-class structure, despite Starboard's disapproval, was upheld during the 2024 Annual Meeting of Shareholders. Furthermore, the company secured substantial growth and strategic enhancements during their Q2 Fiscal 2025 Earnings Call.
The Dow Jones Unit, a subdivision of News Corp, has procured Dragonfly Intelligence and Oxford Analytica, a $40-million acquisition. Amid ongoing lawsuits with Citigroup, News Corp has reinforced its stock repurchase initiative. Citi retains their bullish outlook on News Corp's stock, setting a $36 target price, even initiating a 'positive catalyst watch'.
News Corp rejected a proposal demanding an end to the dual share structure, preserving Rupert Murdoch's influence. News Corp announced the sale of Foxtel to DAZN at an enterprise worth of A$3.4billion, while authorizing a $1billion stock repurchase. The Dow Jones expanded its stake in Ripjar as Compliance Revenue increased up to 16% at $300M. Its focus on stock buyback paves way for potential upside.
News Corporation Class A NWSA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Thu, 27 Feb 2025 15:22:59 GMT - Rating 7 - Innovation 2 - Information 8 - Rumor 2
