News Corporation, one of the world's largest media conglomerates, recently announced a $1 billion stock buy-back plan which has been positively received by market analysts, inspiring strong momentum in the company's stock. An increase of 140% in stock surge led to the stepping down of News Corp's CFO, putting a new executive from Diageo at the helm. Despite shareholder push to abandon the super-voting stock, News Corp has successfully defended this, maintaining the company's dual share structure. Activist firm Starboard Value had made a proposal to collapse this structure challenging Rupert Murdoch's control over the company. Notwithstanding these trials, News Corporation's stock has reported an all-time high amidst buoyant profits, attributed to the performance of Dow Jones and their real estate listing units. Financial analysts appear bullish about this stock, with institutions like Goldman Sachs considering News Corporation as a stock with a high consensus on Return of Equity (ROE). Continued buy-back plans and strong Q1 profit reports are indicative of optimistic prospects for News Corp's financial performance.
News Corporation Stocks News Analytics from Thu, 08 Feb 2024 08:00:00 GMT to Fri, 06 Dec 2024 13:03:09 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 4
