News Corporation (NWSA) has made key moves recently including a stock repurchase program, extending its initiative by $1 billion. Amid this move, the company announced the cessation of Class B Securities and accelerated pace for its buyback. The financial performance of News Corp is reported to be strong with record profits and Q3 earning growth, leading to JP Morgan escalating their price target from $38 to $40. In the management, the company announced Julian Delany as their new CTO, while CFO Susan Panuccio planned to step down. A few shareholders and firms have advocated for an end to the dual-class voting structure, but the proposal was turned down by investors. Macquarie has downgraded News Corp stock rating to neutral citing a fair valuation. On the other hand, New York Post, a part of News Corp is planning a major West Coast expansion in the California media market aiming for a broader readership. The direction News Corp is taking strongly indicates their dedication towards enhancing the shareholder value and strategic company growth.
News Corporation Class A NWSA News Analytics from Mon, 29 May 2017 23:24:35 GMT to Fri, 29 Aug 2025 10:35:52 GMT -
