News Corporation (NWSA) has made multiple announcements recently, including a significant update to its
stock repurchase program, indicating a robust financial position. The company's stock received a
consensus rating of 'Buy' from analysts and recently priced its
secondary offering of Class B common stock. Wealth management firms, including Robeco Institutional Asset Management B.V. and Metropolis Capital Ltd, have increased their stock holdings in the company. Its earnings have seen a sizable increase, largely driven by profits from Dow Jones and Digital Real Estate. A succession dispute within the Murdoch family was recently resolved in
Lachlan Murdoch's favor, solidifying his control over the media empire. The news follows a
record profit and continued growth strategy reported in News Corp’s earnings call. Meanwhile, the company rebuffed activist investor Starboard's push to end its dual-class structure.
News Corp also announced Julian Delany as its new Chief Technology Officer, signaling a further commitment to embracing the digital landscape. Despite some controversy and a stock price drop, the company remains advantageous, carrying through to a bullish rating for the stock.
News Corporation Class A NWSA News Analytics from Fri, 30 Apr 2021 07:00:00 GMT to Fri, 03 Oct 2025 08:52:39 GMT -
Rating 7
- Innovation 6
- Information 5
- Rumor 8
