News Corporation Class A (NWSA) announced updates on their stock repurchase, topping $1 billion. This action has seen analysts suggest a potential 33.55% surge for the company and labels News Corp as a strong growth stock for the long term. NWSA's Q4 sales also surpassed estimates, and their Q2 earnings report is highly anticipated. Showcasing commitment to growth, News Corp's Dow Jones unit recently acquired Dragonfly Intelligence and; Oxford Analytica, enhancing their global compliance coverage.
Despite these positive strides, NWSA has faced recent challenges. The company recently swung to loss amid a dropping revenue and struggles in its book-publishing segment. As a part of executive reshuffles, NWSA's CTO, David Kline, is due to resign, and Chief Financial Officer Susan Panuccio will step down. Investors also rejected the proposal to end the dual-class voting structure twice, despite pressure from Starboard and Irenic Capital.
The company recently agreed to sell Foxtel for an Enterprise Value of A$3.4 Billion. News Corp formally split into two and longtime executive Rupert Murdoch stepped down as chairman of Fox and News Corp. However, these transformative actions have seen shares jump and led to speculation whether NWSA stock will continue to rise.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Wed, 26 Mar 2025 10:14:00 GMT - Rating 6 - Innovation 3 - Information 8 - Rumor -2
