News Corporation (NWSA) has maintained consistency in its
share buyback initiative, propelling itself closer to the impressive $1 billion mark. Their dual-class voting structure, however, has spurred some contention. Numerous investors, led by
Starboard and Irenic Capital, proposed to scrap the structure but their proposition was rejected by the majority shareholders. Despite the controversy, News Corp's financial results appear promising with earnings per share exceeding expectations, showing a Q2 EPS of $0.33 versus the projected $0.31. In addition, News Corp’s robust growth strategy includes the acquisition of
Dragonfly Intelligence, Oxford Analytica, and WorldECR via Dow Jones Unit which bolsters its global compliance community foothold. The multinational corporation, simultaneously, explores broader market opportunities like the speculated interest in Rightmove and a lucrative deal with DAZN to sell Foxtel to an enterprise value of A$3.4 billion. Despite continuous change, some things have remained consistent such as the retirement of the veteran CFO,
David DeVoe, following the company's separation, continuing the legacies within the company.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Wed, 19 Mar 2025 10:41:17 GMT -
Rating 5
- Innovation -2
- Information 7
- Rumor -3
