News Corporation Class A (NWSA) continues with its vigorous
stock repurchase program after announcing a
$1 billion stock buyback. Despite Starboard’s continuous efforts to eliminate News Corp.’s
dual-class structure, shareholders staunchly reject this proposition. Meanwhile, the company reported a
strong Q3 earnings growth with revenue gains greatly contributed by
Dow Jones and
HarperCollins. The corporation is enduring a key ruling concerning a Citigroup lawsuit while there are increasing calls by multiple firms for the elimination of News Corp's dual-class voting structure. News Corp is also maneuvering to expand their market presence through acquisitions; recently,
Dow Jones, a unit of News Corp purchased
Dragonfly Intelligence and
Oxford Analytica for an estimated $40 million and has thus expanded its compliance data services following a 16% growth. Furthermore, News Corp is set to sell
Foxtel to DAZN which could have a significant impact on the company's media portfolio and subsequently on the indexnasdaq ixic.
News Corporation Class A NWSA News Analytics from Tue, 19 Jul 2011 07:00:00 GMT to Wed, 18 Jun 2025 15:07:20 GMT -
Rating 3
- Innovation -5
- Information 5
- Rumor 1
