Investment firm Alliancebernstein L.P. has offloaded a substantial volume of News Corporation shares (289,373 in total), while NewEdge Advisors LLC and Millennium Management LLC have taken the opportunity to secure a significant stake. News Corp has announced a $1 Billion Stock Buy-Back Program, showing confidence in their own financial health. The massive buy-back program has been expanded, possibly as an effort to solidify their market position. Major financial players like Great Lakes Advisors LLC, and Maverick Capital Ltd. have initiated new investments in News Corporation, while others like Charles Schwab Investment Management Inc. and Independent Franchise Partners LLP are increasing their positions. Details about News Corporation's profitable Q4 have been revealed, positively affecting the market sentiment around NWSA. The squabbles over the Murdoch Succession have finally been resolved, which is expected to result in a more stable corporate structure. Additionally, News Corp has been compared with other media stocks Q2 Earnings and generally perceived as doing well.
News Corporation Stocks News Analytics from Fri, 24 Jan 2025 08:00:00 GMT to Sat, 13 Sep 2025 23:43:11 GMT - Rating 6 - Innovation -2 - Information 7 - Rumor 3
