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News Corporation Class A NWSA - News Analyzed: 4,050 - Today: 57 - Last Week: 57 - Last Month: 276

⇗ News Corporation (NWSA) Steers Through Market with Stock Repurchase and Earnings Growth Amid Controversy on Voting Structure

News Corporation (NWSA) Steers Through Market with Stock Repurchase and Earnings Growth Amid Controversy on Voting Structure
News Corporation (NWSA) has seen notable activity. Updates on its stock repurchase program aim to optimize shareholder value with a more substantial program now worth $1 billion. NWSA's Q3 earnings growth and Q4 sales were robust, topping estimates and displaying financial vigor. Yet, it is locked in a legal scenario with Citigroup, with a decisive ruling anticipated.

The company's dual-class voting structure has sparked controversy. Investors led by Starboard Value wish to terminate this structure. Yet, efforts have been defeated despite support from firms such as Irenic Capital. This dual-class system remains a contentious issue among shareholders. Markedly, the proposal to end this system was recently rejected.

New additions to News Corp's asset portfolio include WorldECR to Dow Jones, enhancing the compliance data services after 16% growth. This acquisition could transform corporate security. However, News Corp's Chief Technology Officer, David Kline, announced his departure, signaling executive shifts within the organization.

Australia's competition regulator launched a probe into the REA Group. Concurrently, its significant marketing push with Reba McEntire could impact Realtor.com significantly.

News Corporation Class A NWSA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Fri, 13 Jun 2025 10:39:56 GMT - Rating 5 - Innovation -2 - Information 4 - Rumor -2

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