News Corporation Class A (NWSA) consistently advances its stock repurchase agenda, progressing towards the completion of a $1 billion buyback program. Despite strong calls from major stakeholders like Starboard, and investor services firms ISS, Glass Lewis, Egan-Jones, and Ownership Matters Australia urging the elimination of News Corp's dual-class share structure, proposals have been rejected. Notably, Irenic Capital pledged support for the change but was overcome by shareholder consensus. A possible gamechanger, Rupert Murdoch stepping down as Fox chairman, could shift power dynamics and raise speculation about a potential Fox-News Corp deal. Meanwhile, News Corp expands its niche with Dow Jones acquiring two prime analytics firms, WorldECR, and a significant stake in Ripjar, propelling a 16% surge in Risk & Compliance revenue to $300M. However, Morgan Stanley lowered their target price to $37 from $38, and Citigroup retained their buy position with a $36 target.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Tue, 15 Apr 2025 11:00:15 GMT -
Rating 0
- Innovation -6
- Information 8
- Rumor 2
