It has been a notable period for News Corporation, following the launch of a $1 Billion stock buy-back program. This action further attributes to the bullish momentum of the corporation's stock as per Wall Street analysts who predicted a surge of NWSA stocks. The corporation has been constantly updating the market about their strategic stock repurchasing, clearly demonstrating their confidence in the company's current market position and future outlook.
News Corporation posted strong Q2 fiscal 2025 results supported by advancements in journalism and growth with AI partnerships further contributing to News Corp's positive performance. There were some tensions revealing Starboard's proposal for News Corp to eliminate dual-class shares, but it failed, retaining Murdoch's majority control on the company after the shareholder vote.
Other notable revelations include News Corp's strategic deal with DAZN, selling Foxtel for a considerable $2.1 billion. Alongside this, Citi initiates coverage on News Corp and UBS upgraded News, contributing to a projected increase to the company's stock. As highlighted by the earnings growth predictions and excellent market performance, News Corp is seemingly making a notable impression on investors, communicating a predominately positive outlook.
News Corporation Stocks News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 22 Feb 2025 00:11:00 GMT - Rating 7 - Innovation 2 - Information 6 - Rumor -1
