News Corporation (NWSA) recently updated their ongoing stock repurchase program. Despite missing Q3 earnings estimates, their shares rose due to strong top-line growth. Proposals to end the company's dual-class structure, including pushes by Starboard and Irenic Capital, were rejected by investors. There has been a continued discussion regarding the future of the company's stock amidst these company structure debates. News Corp also reported a strong Q3 earnings growth, awaiting Wall Street estimates for key metrics in the Q3 outlook. The company is continuing its $1billion stock buyback program, relentlessly repurchasing its stock under the same plan. Meanwhile, they have expanded their stakes in risk and compliance services with the acquisition of WorldECR by Dow Jones, following a 16% growth in compliance data services. This has led to a surge in the company's compliance revenue to $300 million. Shareholders have voted for all three proposals at their annual meeting while also dealing with a lawsuit from Citigroup. Hints of major changes in the company's future have started appearing leading to a jump in their shares.
News Corporation Class A NWSA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Wed, 21 May 2025 10:00:00 GMT -
Rating 6
- Innovation 2
- Information 7
- Rumor -3
