In recent developments, News Corporation has announced plans for a $1 billion stock buy-back resulting in a rise in the value of News Corporation shares. The shares have grown by approximately 29% over the last year. Increased digital subscriptions have been reported, offsetting weak ad revenue. Additionally, contributions from Dow Jones, News Corp book publishing, and its real estate division have resulted in a 3% revenue boost to $2.59 billion. Plans for a Class B stock cessation and Class A shares cancellation have also been announced. The corporation's earnings and revenue have seen an increase due to subscription growth, as indicated using its Q1 and Q3 earnings reports. An openAI licensing pact with New Corporation has led to an increase in stock prices. Rupert Murdoch, the chairman of Fox and News Corporation has stepped down leading to a surge in both Fox and News Corporation shares. A multi-year deal with openAI has led to a pop in News Corporation's stock. Lastly, News Corporation has announced an ongoing stock repurchase program.
