News Corporation has announced that it will proceed with a $1 billion stock buy-back program, resulting in a surge in their stock to an all-time high. This repurchase plan comes with strategically interesting updates, driving growth which analysts have flagged as promising long-term momentum. Wall Street's opinion on News Corp’s future remains mixed, but the latest direction leans towards bullish. Adding to the positivity, News Corp’s Q3 earnings have outperformed other media stocks and is buoyed by Dow Jones and its digital real estate segments. The company also entered into a partnership with Tubi and saw initiative coverage by Citi based on strategic REA opportunities. The company is countering challenges related to dual-class shares, with Starboard advocating for the elimination of this structure. A proposal by Starboard has been filed to disrupt Murdoch's control of the company, but it was defeated, and the Murdoch family continues to retain majority control after the shareholder vote. Furthermore, a shareholder-driven push to end the dual-class vote structure was declined. Overall, the News Corporation continues to exhibit financial resilience and growth, despite governance controversies.
News Corporation Stocks News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Fri, 14 Mar 2025 10:21:22 GMT -
Rating 7
- Innovation 3
- Information 7
- Rumor 6
