News Corporation (NWSA) has recently made a number of announcements regarding its stock. The corporation has updated progress on its US$1B stock repurchase program multiple times, indicating a high level of activity. There has been considerable uptake from external parties, with Sumitomo Mitsui Trust Group, Oak Thistle LLC, SG Americas Securities, and JPMorgan Chase & Co. all lifting their positions in NWSA. The company’s Q2 earnings surpassed estimates, driven by digital strength with their revenues also rising year over year. News Corp has also announced a secondary offering of Class B Common Stock and reiterated its $1 billion stock repurchase authorization. The company has maintained its authorization despite a 7% drop in share value. Investors and analysts are closely eyeing these activities, with some recommending a 'Buy' stance. Starboard recently proposed that the corporation eliminate its dual-class shares, which was subsequently rejected by investors. In other news, Lachlan Murdoch has secured control over Rupert Murdoch’s media empire after a settlement.
News Corporation Class A NWSA News Analytics from Fri, 22 Feb 2013 08:00:00 GMT to Fri, 17 Apr 2026 09:34:54 GMT -
Rating 6
- Innovation -2
- Information 5
- Rumor -1
