News Corporation has authorized a
$1 billion stock repurchase program, seeking to accelerate the pace of its buyback. Market analysts largely view these efforts positively, suggesting high-velocity gains for the corporation. The buyback has been extended and updated on multiple occasions, revealing the steady commitment of the media conglomerate to improving shareholder value. Interestingly,
News Corporation's stock is a favorite among large institutional investors, with 85% institutional ownership. Despite this, there were instances where considerations of the stock underperforming the S&P 500 came to surface. On a separate note,
Donald Trump sued Dow Jones, News Corp, Rupert Murdoch, and some Wall Street Journal reporters for libel, the impact of which on the company's reputation and stock price is yet to be ascertained. Other significant shareholders like Teacher Retirement System of Texas and Bank of New York Mellon Corp have adjusted their stakes in the company. Amid these updates, a series of shareholders and advisory firms such as Starboard and Beverly Hills Private Wealth have issued proposals and tweaks to the voting structure and class shares, triggering
major debates about the control of Rupert Murdoch and his family over News Corp.
News Corporation Stocks News Analytics from Fri, 06 Sep 2024 07:00:00 GMT to Sat, 19 Jul 2025 19:00:17 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor -2
