News Corporation has continued its aggressive repurchase program, declaring a
US$1 billion stock buy-back program. The company has surpassed prior performance due its strategic measures, such as enhancing financial flexibility and focusing on robust growth in its Dow Jones and digital real estate segments. In Q3, they delivered results above estimates, with revenues of
$2.01B, slightly beating FactSet's estimates of $2.00B.
NWSA's Q3 earnings also produces promising results, indicating a strong top-line growth. However, a dual-class share structure remains a contested issue, and notable recent events include calls for the company to abolish it, specifically by
Starboard and multiple hedge funds. Though this proposal was rejected by shareholders, meaning the
Murdoch family retains majority control, the issue remains a key concern for the market and one that could potentially impact future stock performance.
News Corporation Stocks News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Fri, 23 May 2025 10:56:09 GMT -
Rating 8
- Innovation 2
- Information 6
- Rumor -5
