A series of financial activities and decisions have unfolded at News Corporation. There have been significant changes in the company's stock positions, with Blue Grotto Capital LLC, Dendur Capital LP, Invesco Ltd, Mackenzie Financial Corp, among others reducing their holdings, while 59 North Capital Management LP, Marshall Wace LLP, Qube Research & Technologies Ltd, and more have increased their positions.
News Corp announced an $1 billion stock repurchase program and provided consistent updates on its progress. This move is seen as beneficial for shareholders. Recently, Q2 revenue estimates were surpassed, reinforcing this optimism, largely driven by growth in Dow Jones and digital real estate services units.
Further, changes in organizational structure were noted, with an agreement related to the Murdoch Family Trust putting Lachlan Murdoch in control of Rupert Murdoch's Media Empire.
Mixed signals were received regarding the dual-class voting structure at News Corp, with a bid from Starboard to end it failing. However, more firms are urging shareholders to intervene. Amid this, News Corp reasserted its commitment to the dual-class structure. An activist investor has reportedly expressed interest in driving changes, which may bring future developments.
News Corporation Class A NWSA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Sat, 13 Dec 2025 09:08:45 GMT - Rating 5 - Innovation 3 - Information 4 - Rumor -2
