A number of prominent companies are advocating for
News Corp to end its dual-class voting structure. Beyond internal affairs, the company is also prepped to report Q1 earnings and has performed positively in trading, outperforming several competitors. Amid stock fluctuations, News Corp recently announced a generous
$1 billion stock buy-back, adding intrigue to their financial strategy. Their current CFO,
Susan Panuccio, is set to depart in 2025, with
Lavanya Chandrashekar as her successor. External forces, such as
Starboard and
Irenic Capital, are pushing News Corp to collapse its dual-class stock. Despite this pressuring, News Corp's Q1 earnings beat estimates and revenues continued to rise year over year. This move towards a stock buy-back has led to all-time high reports in profits. News Corp is also facing challenges as it defends the Murdoch family's super voting stock, and the company's stock has fallen due to a lawsuit against AI startup
Perplexity. Nevertheless, as of now, the company has cancelled 38,014 Class B shares, boosting the conglomerate's attractiveness to investors.
News Corporation Stocks News Analytics from Wed, 08 May 2024 07:00:00 GMT to Sat, 09 Nov 2024 12:03:55 GMT -
Rating 2
- Innovation -3
- Information 7
- Rumor 3
