News Corporation, known as
News Corp, continues to embark on critical decisions and actions affecting company structure and its shareholders. Key occurrences include appointing
Julian Delany as CTO to guide News Corp through digital transformation. A notable $1 billion
stock repurchase initiative remains ongoing, and recent updates confirm its continuous execution. Despite facing an underperformance compared to the S&P 500 and ongoing legal challenges with Citigroup, News Corp's operations continue. Proposals to end the dual-class voting structure, led by
Starboard and supported by other firms including
Irenic Capital, were rejected by shareholders, preserving Murdoch's grip on the company. Furthermore, Murdoch family’s succession issues surfaced, leading to
Rupert Murdoch’s resignation from Fox. The special committee received a letter from Irenic regarding exploring alternatives for a potential combination with Fox, and a prospective merger between Fox–News Corp encountered opposition. CFO Susan Panuccio announced stepping down as Dow Jones Unit, a part of News Corp, performs a successful acquisition.
News Corporation Class A NWSA News Analytics from Tue, 19 Jul 2011 07:00:00 GMT to Wed, 25 Jun 2025 21:00:00 GMT -
Rating 2
- Innovation -3
- Information 6
- Rumor -8
