The News Corporation (NASDAQ:NWSA) has been recently in focus due to a range of important updates. The firm has received a consensus recommendation of 'Moderate Buy' by brokerages. Moreover, the company has announced an additional $1 Billion Stock Repurchase Program, with further updates on these operations also coming through. This move might shift NWSA's capital allocation narrative. Notably, Squarepoint Ops LLC has a significant $4.76 million position in the Company. While some shareholders lowered their holdings, others increased, demonstrating varied market reactions.
Additionally, News Corp's Q3 earnings report showcased they beat revenue estimates thanks to growth in Dow Jones and digital real estate service units. The firm also announced pricing of the secondary offering of Class B Common Stock. The firm also confirmed a resolution related to the Murdoch Family Trust matter, as well as the appointment of Julian Delany as Chief Technology Officer. Yet, there are concerns over the dual-class voting structure, a proposal to eliminate which was recently rejected. However, this didn't stop the company's stock from jumping after the report that an activist investor is looking to make changes.
News Corporation Class A NWSA News Analytics from Thu, 09 Aug 2012 07:00:00 GMT to Sat, 20 Dec 2025 03:26:29 GMT - Rating 7 - Innovation -4 - Information 6 - Rumor -5
