News Corporation (NWSA) has been busy with updates to its stock repurchase program. An additional $1 billion has been announced, with intentions to accelerate the pace of buyback. There have been constant fluctuations in the company's shares with firms such as Mackenzie Financial Corp, Independent Franchise Partners LLP, and Vanguard Group Inc. adjusting their positions and new holdings being acquired by Capital Fund Management S.A.
The secondary offering of Class B common stock has been priced, indicating a robust financial strategy. The announcement also includes a resolution of the Murdoch Family Trust matter, solidifying Lachlan Murdoch’s control over the media empire and paving the way for potential mergers and acquisitions.
NWSA's technological advancement is highlighted by the appointment of Julian Delany as Chief Technology Officer along with the launch of an AI-Powered Search by Realtor.com to enhance property hunting. However, the company ran into a conflict with Starboard over voting rights, although the proposal to end dual-class voting structure was rejected by investors.
News Corporation Class A NWSA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Wed, 03 Dec 2025 12:03:12 GMT - Rating 8 - Innovation 3 - Information 9 - Rumor -6
