News Corporation is reporting robust earnings growth for Q3, announcing updates on its stock repurchase program, and facing a key ruling in an ongoing lawsuit with Citigroup. Despite multiple proposals, the decision to end the dual-class voting structure has been rejected by investors, leading Starboard and Irenic Capital to publicly voice support for the dual-class shares system's elimination. Stock holdings in News Corp have been increased by the likes of Raymond James Financial Inc and Contour Asset Management LLC, while other investors are promoting changes in voting rights. The company is also involved in significant marketing campaigns, including a $100 Million plus initiative featuring country star Reba McEntire. Amidst the challenges, News Corp continues its 1 billion-dollar stock buyback program. Rupert Murdoch, the media mogul, recently retired as the chairman of Fox and News Corp, passing the responsibility to Lachlan.
News Corporation Class A NWSA News Analytics from Thu, 28 Jun 2012 07:00:00 GMT to Sat, 10 May 2025 00:56:47 GMT - Rating 7 - Innovation 2 - Information 9 - Rumor 4
