News Corp (NASDAQ: NWSA) has significantly extended their stock repurchase program adding an additional $1 billion. This move reflects the firm's confidence in their strategic initiatives and continues their program of returning capital to shareholders. Repurchases are set to accelerate, reflecting News Corp's long-term commitment to value creation as they delve deeper into digital transformation. Stock activity sees notable movement, with the Teacher Retirement System of Texas and Bessemer Group Inc. trimming their stake in News Corp, while Bank of New York Mellon Corp and Wealth Enhancement Advisory Services LLC increase their positions. Julian Delany was announced as the firm's new Chief Technology Officer. Additionally, a move to launch an AI-Powered French language service showcases the firm's progressive investment in technological advancement. Other key developments include continued pressure from shareholders to break the dual-class voting structure. Despite this, the proposal was rejected reinforcing the firm's belief in the stability of the current setup. Further, News Corp advanced partnerships with Tubi and entered into notable acquisition deals, such as purchasing Dragonfly Intelligence and Oxford Analytica. Regardless of market fluctuations and investor pressure, News Corp's stock repurchase program demonstrates a bullish approach.
News Corporation Class A NWSA News Analytics from Tue, 19 Jul 2011 07:00:00 GMT to Sat, 19 Jul 2025 10:52:25 GMT -
Rating 7
- Innovation 4
- Information 9
- Rumor -2
