In recent financial developments, News Corporation has announced the cessation of Class A stock and the cancellation of a planned stock buy-back. Activist investor, Starboard, is challenging the company's dual-class stock structure, seeking to remove the Murdoch family's control. Simultaneously, News Corp. is defending their super-voting stock structure. Goldman Sachs envisions News Corp as a promising AI investment for the long term. Despite this year's stock performance, Q3 results may drive the stock higher. Additionally, a surge in digital subscriptions is offsetting weaker ad revenue, a critical level to watch. The company plans a $1 billion stock buy-back. News Corp just posted robust growth backed by Dow Jones and real estate listing units, despite some shortfalls in quarterly revenue estimates. The firm is contemplating selling its Australian pay-TV and streaming unit. Furthermore, News Corp. sealed a multi-year pact with OpenAI while starboard proposed ending News Corp's dual-class structure.
News Corporation Stocks News Analytics from Tue, 07 Jun 2022 00:55:30 GMT to Sun, 22 Sep 2024 23:48:15 GMT - Rating 1 - Innovation -6 - Information 3 - Rumor -8