News Corporation Class A (NWSA) has reaffirmed its $1B buyback program, as updated in Form 8-K and through the media. The company was also recently added to the Russell 1000 Defensive Index. An attempt by Starboard to end News Corp’s dual-class structure was unsuccessful, despite being supported by other firms. NWSA is dealing with a key ruling as their lawsuit with Citigroup continues. Boosted revenues from Dow Jones and HarperCollins were reported, and CEO Robert Thomson has extended his contract through 2030. Julian Delany was announced as the new Chief Technology Officer (CTO). Unfortunately, their proposal to end the dual-class voting structure was rejected by investors. Another ongoing issue is Starboard's push for the elimination of dual-class shares. Elsewhere, the company expands its stock repurchase program and continues to buy back stocks, igniting a variety of speculations about NWSA's stock future. A great leap was made when the CFO, Susan Panuccio, decided to step down, and there is anticipation on who comes next. NWSA stock continues to attract investors as Guggenheim maintains its 'buy' recommendation.
News Corporation Class A NWSA News Analytics from Tue, 19 Jul 2011 07:00:00 GMT to Thu, 03 Jul 2025 10:25:13 GMT -
Rating -2
- Innovation 0
- Information 5
- Rumor -4
