News Corp has initiated a $1 billion stock buyback program leading to multiple changes in company's stock holdings. American Century Companies, Magnetar Financial, and State of New Jersey Common Pension Fund D have all reduced their positions in News Corp. Significant acquisitions by Trexquant Investment LP, EntryPoint Capital LLC, Northern Trust Corp, and Virtu Financial LLC were also reported. The corporation intends to continue repurchasing shares within the fiscal year 2025. Starboard’s proposal to cease News Corp.’s dual-class structure was unsuccessful, despite support for the initiative from other firms. However, shareholders rejected the activist bid to alter this structure. Q4 earnings were in line with estimates and strong fiscal 2025 results were reported. Strategic expansion plans include a significant push into the California media market by NY Post. The role of CFO will undergo a transition with the exiting of Susan Panuccio and Major tech innovations are anticipated under the leadership of Julian Delany as CTO. News Corp shareholders maintain the dual-class structure despite formal proposals for change from Starboard.
News Corporation Class A NWSA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Sat, 06 Sep 2025 20:58:02 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor 3
