News corporation (NWSA) has been in focus for its
stock buyback program, with updates on its progress repeatedly announced. This comes alongside
Starboard's failed attempt to end the company's dual-class voting structure, a move supported by more firms and Irenic Capital. Other shareholders have also aired their concerns around this issue.
The $1 Billion repurchase program has been mentioned several times, suggesting the company's commitment to it. There are also rumors of News Corp's sale of
Foxtel to DAZN, raising questions about the company's long-term strategy. There are reports of a potential roadblock for News Corp's deals, further complicated by the transition of leadership from Rupert Murdoch to Lachlan. Despite this, the company's financial performance appears solid, surpassing FactSet analyst consensus and [NASDAQ:NWSA] reports a Q2 EPS of $0.33 on revenue of $2.24 Billion. News Corp's Dow Jones unit has also reported some advancements with acquisitions and revenue surges.
News Corporation Class A NWSA News Analytics from Thu, 13 Jun 2013 07:00:00 GMT to Thu, 24 Apr 2025 10:55:35 GMT -
