News Corporation's stocks (NASDAQ:NWSA) have been experiencing fluctuations, despite showing strong fundamentals and high earning rates driven mainly by Dow Jones and its real estate listing units. The company is preparing for a $1 billion stock buyback, indicating confidence in its valuation. Activist investor Starboard has proposed a change in the dual-class share structure, potentially challenging Rupert Murdoch's control over the company. Furthermore, News Corp. is considering selling its Australia pay TV and streaming unit. The company has also outperformed some competitors on trading days but also underperformed the market on others. Investment firms like Goldman laud News Corp as a long-term AI stock garnering attention, though some executives have been offloading stocks. The company beat revenue estimates due to growth in digital real estate services and digital subscriptions. However, it also faces a showdown over the Murdoch family's control of dual-class shares amidst a separate fight over the control of News Corp. The company is planning a $1 billion stock repurchase.
News Corporation Stocks News Analytics from Fri, 15 Jul 2016 05:27:22 GMT to Fri, 11 Oct 2024 21:15:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
