News Corp
Class A (NWSA) has been persistently engaged with its
stock repurchase program, aiming to buy back $1 billion worth of stock. This move comes amidst various activities including the completed
sale of Foxtel to DAZN and the
defeat of a proposal to end the firm's dual class voting structure.
Citigroup's ongoing lawsuit against the corporation continues, while activist investors, including
Starboard Value and
Irenic Capital, have been unsuccessful in changing NWSA's dual-class share structure, despite strong recommendations from leading proxy advisory firms.In other developments,
Dow Jones, a subsidiary of News Corp, purchased
WorldECR, expanding its compliance data services. This acquisition follows a growth surge of 16% to $300m in risk and compliance revenue. Despite the market's mixed reaction, News Corporation continues to focus its efforts on its financial strategy with buybacks and expansion of resources.For the future, the indication of
Rupert Murdoch stepping down as chairman of Fox and News Corp poses questions for the organization's succession plan. As more shareholders look to shake up the company's governance, the resulting uncertainty may lead to volatility in News Corp's performance.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Sat, 05 Apr 2025 05:35:19 GMT -
Rating 4
- Innovation -3
- Information 6
- Rumor -2
