In the past few weeks,
News Corporation Class A (NWSA) has seen a considerable amount of activity, primarily centered around its
stock repurchase program. The company continues to implement this program, repurchasing shares under a
$1 billion program and maintaining a buy rating on its stock from Citigroup, with a price target at $36. The media conglomerate has also been subject to challenges concerning its
dual-class voting structure. Substantial support for ending this structure, including from Irenic Capital and Starboard, has been announced, but shareholders rejected the proposal. Furthermore, NWSA has also faced ongoing litigation issues with
Citigroup. On another note, the company finalized the sale of
Foxtel to DAZN, and its Dow Jones Unit is set to acquire
Dragonfly Intelligence and Oxford Analytica for $40 million as it moves to expand its risk and compliance services. Amidst these events, the role changes within the company see
Rupert Murdoch stepping down as chairman of Fox, with David Kline also due to depart from his role as Chief Technology Officer, and Susan Panuccio slated to leave in 2025.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Fri, 11 Apr 2025 16:54:21 GMT -
Rating 7
- Innovation -3
- Information 5
- Rumor -8
