Global conglomerate News Corporation has been actively conducting a $1 billion stock buy-back program, attracting significant attention from both shareholders and market analysts. This move has sparked speculation about the company's strategic planning and future direction. Concurrently, concerns have arisen about the dual-class share structure, a topic that recently failed to pass in an activist-led bid. There have been external proposals to collapse this structure, mainly driven by investment firm Starboard Value, but News Corp's majority shareholders, the Murdoch family, retain control post-shareholder vote.
On the financial front, News Corp has been performing robustly. Notable growth has been observed in sectors such as Dow Jones and digital real estate services, leading to better-than-expected quarterly earnings. A series of ratings and target price updates have followed, mainly bullish in outlook. The stock's potential value is considered by some analysts to be significantly higher than its current trading value. Furthermore, News Corp recently offloaded its Foxtel Subscription TV and Streaming service, causing a surge in the stock price.
News Corporation Stocks News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Fri, 13 Jun 2025 10:39:56 GMT - Rating 7 - Innovation 3 - Information 6 - Rumor -4
