News Corporation (News Corp) continues to stand as a firm contender in the communications services sector. Despite speculation about its stock underperforming the S&P 500, figures from its US$1 billion stock buy-back initiative provide strong evidence that an increasing digital transformation and cost optimization are driving the company's performance. Recent announcements highlight the company's determination to march forward with initiatives such as the appointment of Julian Delany as CTO to lead its tech revolution, and the extension of CEO Robert Thomson's tenure until 2030. Thanks to its successful digital revenue doubling, these transformations have resulted in a major rating upgrade for News Corp. Yet, amidst this positive tableau, the company faced a controversial call for an end of the dual-class share structure, countered by a strong majority shareholder vote in favor of the Murdochs. Overall, market fundamentals appear promising and bolstered by robust Q1 sales and anticipated Q2 earnings. Such forward-looking measures are rendering News Corp a 'buy' even as digital competitors like Google rethink search for the age of AI.
News Corporation Stocks News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Fri, 27 Jun 2025 09:05:31 GMT -
Rating 6
- Innovation 6
- Information 8
- Rumor 4
