In a flurry of strategic financial activities, News Corporation remains steadfast in maintaining steady growth and consolidating its market stronghold. Recent undertakings highlighted strong fiscal results and shareholder support, painting a promising view for future positioning. News Corporation announced a $0.10 dividend following the declaration of record profits during its earnings call, a testament to its exceptional strategic growth. The company initiated a $1B share repurchase program, a move well received by stockholders as multiple investment firms increased their News Corporation holdings.
News Corp also reaffirmed its ongoing drive to purchase company shares, extending the stock buyback program by $1 billion. Amidst the frenzy of financial actions, News Corp also unveiled the expansion of the New York Post into California and appointed Julian Delany as Chief Technology Officer.
Attempts by Starboard Value to end News Corporation's dual-class share structure were unfortunately unsuccessful. However, this did not hamper the corporation’s momentum, as the stock repurchase program continues to be aggressively pursued, while resisting attempts from activist investors to alter its corporate structure.
News Corporation Class A NWSA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Sat, 09 Aug 2025 20:52:31 GMT - Rating 8 - Innovation 2 - Information 7 - Rumor -5
