News Corporation is amidst several significant developments including proposed structural changes, substantial digital growth counteracting weakened ad revenue, ongoing share repurchase programs, and increasing international investments. Shareholder activist Starboard has initiated moves to eliminate News Corp's
dual-class share structure, challenging Rupert Murdoch's control. Murdoch's impending trial is causing some concerns. The media company is continuously purchasing back stock, with announced plans for a $1 billion repurchase. Meanwhile, Goldman Sachs is optimistic about the company, considering it as a possible long-term AI stock. Recent earnings beat expectations due to growth in Dow Jones and real estate listing units. Additionally, the company is drawing attention from international investors, with British Columbia Investment Management Corp acquiring shares. Despite flat performance this year, Q3 results may boost stock value. News Corp is considering selling its Australian pay-TV and streaming units—options that are viewed favorably by the market. The corporation announced a multi-year deal with
OpenAI to improve journalistic content, underlining its commitment to artificial intelligence. Amid these developments, analysts are questioning whether potential is overshadowed by underperformance when compared with the Dow Jones and Nasdaq.
News Corporation Stocks News Analytics from Fri, 13 Oct 2023 07:00:00 GMT to Mon, 30 Sep 2024 00:55:23 GMT -
Rating 4
- Innovation 7
- Information 7
- Rumor 3
