News Corporation, a media and information services company, focuses on creating and distributing content for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and Investor's Business Daily through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts. It also owns and operates daily, Sunday, weekly, and bi-weekly newspapers comprising The Australian, The Weekend Australian, The Daily Telegraph, The Sunday Telegraph, Herald Sun, Sunday Herald Sun, The Courier Mail, The Sunday Mail, The Advertiser, Sunday Mail, The Sun, The Sun on Sunday, The Times, The Sunday Times, and New York Post, as well as digital mastheads and other websites. In addition, the company publishes general fiction, nonfiction, children's, and religious books; provides video sports, entertainment, and news services to pay-TV subscribers and other commercial licensees primarily through cable, satellite, and internet distribution; and broadcasts rights to live sporting events. Further, it offers property and property-related advertising and services on its websites and mobile applications; online real estate services; and professional software and service products, as well as financial services. The company is headquartered in New York, New York.
IPO Year:
Exchange: NASDAQ
Website: newscorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/8/2024 | Neutral → Outperform | Macquarie | |
| 8/16/2023 | $27.50 | Overweight | Morgan Stanley |
| 1/25/2023 | $17.00 → $25.00 | Hold → Buy | Loop Capital |
| 10/17/2022 | $30.00 → $17.00 | Buy → Hold | Loop Capital |
| 7/28/2022 | $21.10 | Outperform → Neutral | Macquarie |
| 7/26/2021 | Neutral → Buy | UBS |
News Corp (NASDAQ:NWS, NWSA, ASX: NWS, NWSLV)) today announced that, at its Annual Meeting of Stockholders, stockholders overwhelmingly elected the company's full slate of Directors and voted with the Board's recommendations on all proposals, including convincingly defeating the non-binding proposal to adopt a recapitalization plan that would eliminate News Corp's dual-class capital structure. News Corp actively solicits feedback from its investors throughout the year, and values the ongoing dialogue generated by these extensive outreach efforts. We are pleased stockholders once again convincingly supported the company and the Board of Directors on all matters. Amidst a period of signif
Dow Jones announces GenAI content licensing agreements with thousands of sources worldwide NEW YORK, Nov. 13, 2024 /PRNewswire/ -- Dow Jones today announced the launch of Factiva Smart Summary, a new feature in its business intelligence platform, as the company continues to infuse generative AI (GenAI) into its professional product suite. The move heralds a new era for Factiva, transforming it into a world-class, AI-powered research tool for businesses. Through Factiva Smart Summary, new GenAI capabilities enable corporations to retrieve concise, informative summaries that str
Stockton, Calif, Des Moines, Iowa and Buffalo N.Y. Are the Top Three Metros Where Military Homeownership Rates Notably Exceed Non-Military Homeownership Rates SANTA CLARA, Calif., Nov. 11, 2024 /PRNewswire/ -- In honor of Veterans Day, Realtor.com® released new research today, which found that over the last year, more than 3 in 4 (74.5%) home sales with Veterans Affairs (VA) loans had a 0% down payment and nearly 8 in 10 (83.5% of) VA home loan sales had a down payment below 10%. Down payments are a major barrier to homeownership and this new research found a VA borrower is more than twice as likely as a conforming borrower to have made a low down payment, easing the up-front costs of homeow
Increased Minority Ownership Stake Furthers Growing Commitment to the Risk and Compliance Market NEW YORK, Nov. 8, 2024 /PRNewswire/ -- Dow Jones today announced it has expanded its ownership stake in Ripjar, a global leader in data intelligence software. This strategic investment reflects Dow Jones's ongoing commitment to providing leading-edge AI to the risk and compliance community. The move is the latest in a series of investments and initiatives that have helped transform Dow Jones to become a leading information service provider. Since its founding, Ripjar has pioneered
Panuccio's departure comes after two successful decades at News Corp, including transformational leadership as Chief Financial Officer Chandrashekar comes to News Corp after a successful run as CFO of Diageo and 25-plus years in global finance News Corp (NASDAQ:NWS, NWSA, ASX: NWS, NWSLV)) announced today that Susan Panuccio will step down from her role as Chief Financial Officer on January 1, 2025, and will be succeeded by Lavanya Chandrashekar. Ms. Panuccio will continue in an advisory capacity for six months to help ensure a smooth transition and to support Ms. Chandrashekar. Ms. Panuccio has been a key leader during a period of rapid expansion and transformation for News Corp since b
FISCAL 2025 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS First quarter revenues were the highest for a first quarter since separation at $2.58 billion, a 3% increase compared to $2.50 billion in the prior year, driven by growth at the Digital Real Estate Services, Book Publishing and Dow Jones segments Net income in the quarter was $144 million, a significant improvement compared to net income of $58 million in the prior year Total Segment EBITDA was the highest for a first quarter since separation at $415 million, compared to $364 million in the prior year In the quarter, reported EPS were $0.21 as compared to $0.05 in the prior year - Adjusted EPS were $0.21 compared to $0.16 in the pri
Leading Proxy Advisory Firms Uniformly Agree that One-Share, One-Vote Represents Best-in-Class Corporate Governance Starboard Urges All Shareholders to Vote the BLUE Proxy Card "FOR" Proposal 4, The Dual-Class Elimination Proposal, TODAY Starboard Value LP (together with its affiliates, "Starboard" or "we"), one of the largest shareholders of News Corporation (NASDAQ:NWSA, NWS)) ("News Corp" or the "Company"), today announced that Institutional Shareholder Services Inc. ("ISS"), Glass, Lewis & Co. ("Glass Lewis"), and Egan-Jones Proxy Services ("Egan-Jones"), three leading U.S. proxy advisory firms, recommend shareholders vote FOR Starboard's proposal to collapse the dual-class share stru
Intends to Vote in Favor of Starboard's Proposal to Collapse the Dual-Class Share Structure Because One Share Should Equal One Vote Believes Holders of News Corp's High-Vote Class B Shares Should Receive a Substantial Premium Consistent with Recent Similar Reclassifications Will Vote For Management Directors; Believes News Corp Management Will Take Concrete Actions to Unlock Shareholder Value Irenic Capital Management, L.P. today announced that it has sent the below letter to the Board of Directors of News Corporation (NASDAQ:NWSA, NWS)): November 5, 2024 News Corporation 1211 Avenue of the Americas New York, NY 10036 Dear Members of the Board of Directors, We are writing on behalf o
September's rate drop and increase in new listings led to October's increase in pending sales, but could rising rates in October hinder momentum?Affordability issues in swing states may have these voters more interested in Federal housing policiesSANTA CLARA, Calif., Oct. 31, 2024 /PRNewswire/ -- Last month's home sellers not only listed their homes, but bought new ones and sent a surge of demand into the market this month, according to the Realtor.com® October Monthly Housing Report. The rise in new listings seen in September was strongly correlated to a rise in pending sales this month, with significant pending home sales increases in Boston (+25.7%), San Diego, Calif. (+22.1%), and Seattl
News Corp will release its first quarter Fiscal 2025 results on Thursday, November 7, 2024. News Corp Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio will discuss the results via a live audio webcast at 5:00 p.m. EST (Sydney: November 8, at 9:00 a.m. AEDT). To listen to the webcast, please register using the following link: https://newscorp-q1fy2025-earnings-call.open-exchange.net/ A live audio webcast of the call and the archived webcast will also be available via http://investors.newscorp.com. A replay will be available shortly after the call's conclusion. The earnings release will be distributed and available on http://investors.newscorp.com prior to the call
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Panuccio's departure comes after two successful decades at News Corp, including transformational leadership as Chief Financial Officer Chandrashekar comes to News Corp after a successful run as CFO of Diageo and 25-plus years in global finance News Corp (NASDAQ:NWS, NWSA, ASX: NWS, NWSLV)) announced today that Susan Panuccio will step down from her role as Chief Financial Officer on January 1, 2025, and will be succeeded by Lavanya Chandrashekar. Ms. Panuccio will continue in an advisory capacity for six months to help ensure a smooth transition and to support Ms. Chandrashekar. Ms. Panuccio has been a key leader during a period of rapid expansion and transformation for News Corp since b
The latest initiative aims to educate the public that without buyers' agents, historically underserved and underrepresented communities are at risk of further distancing themselves from the American Dream of homeownership SANTA CLARA, Calif., June 17, 2024 /PRNewswire/ -- The homebuying process is complex, but for individuals in underrepresented communities the hurdles can be even more daunting. That's why Realtor.com® is extending the reach of its highly successful buyer representation campaign with the launch of a new initiative promoting the benefits of buyer's agents for individuals in historically underserved and underrepresented communities, including BIPOC, AANHPI, Hispanic, LGBTQ+, f
Consumer campaign showcases the value and expertise of buyer's agents during the home sale process with 111 tasks an agent does in a typical transaction SANTA CLARA, Calif., April 18, 2024 /PRNewswire/ -- Realtor.com® is standing up for buyer's agents and is calling on the industry to join them in a new campaign that highlights to consumers everything that agents do for them before, during and after the homebuying process. The national multi-tiered integrated marketing campaign launches this week across print, digital and social channels and showcases an astounding 111 item t
Will Succeed Jim Kennedy, Who Is Retiring After 10+ Years With The Company News Corp today announced that veteran communications advisor Arthur Bochner will become Chief Communications Officer and Executive Vice President, following the retirement later this year of Jim Kennedy, who joined the company in 2013. Mr. Bochner will begin at News Corp this month, working with Mr. Kennedy and his team during the transition. He spent nearly a decade at The Walt Disney Company, most recently overseeing strategic communications. He also served as Chief of Staff in the Office of the CEO after holding key communications roles at the company's consumer products and theme park segments. Prior to Disn
Macquarie upgraded News Corp. from Neutral to Outperform
Morgan Stanley resumed coverage of News Corp. with a rating of Overweight and set a new price target of $27.50
Loop Capital upgraded News Corp. from Hold to Buy and set a new price target of $25.00 from $17.00 previously
Loop Capital downgraded News Corp. from Buy to Hold and set a new price target of $17.00 from $30.00 previously
Macquarie downgraded News Corp. from Outperform to Neutral and set a new price target of $21.10
UBS upgraded News Corp. from Neutral to Buy
UBS downgraded News Corp. from Buy to Neutral
Guggenheim upgraded News from Neutral to Buy and set a new price target of $32.00
Morgan Stanley upgraded News Corp. from Underweight to Overweight and set a new price target of $30.00 from $15.00 previously
FISCAL 2025 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS First quarter revenues were the highest for a first quarter since separation at $2.58 billion, a 3% increase compared to $2.50 billion in the prior year, driven by growth at the Digital Real Estate Services, Book Publishing and Dow Jones segments Net income in the quarter was $144 million, a significant improvement compared to net income of $58 million in the prior year Total Segment EBITDA was the highest for a first quarter since separation at $415 million, compared to $364 million in the prior year In the quarter, reported EPS were $0.21 as compared to $0.05 in the prior year - Adjusted EPS were $0.21 compared to $0.16 in the pri
FISCAL 2024 FOURTH QUARTER AND FULL YEAR KEY FINANCIAL HIGHLIGHTS Fourth quarter revenues were $2.58 billion, a 6% increase compared to $2.43 billion in the prior year, driven by growth at the Digital Real Estate Services, Book Publishing and Dow Jones segments Net income in the quarter was $71 million, a significant improvement compared to a net loss of $(32) million in the prior year Total Segment EBITDA was the highest for a fourth quarter since separation at $380 million, compared to $341 million in the prior year In the quarter, reported EPS were $0.09 as compared to $(0.01) in the prior year - Adjusted EPS were $0.17 compared to $0.14 in the prior year At the Dow Jones
FISCAL 2024 THIRD QUARTER KEY FINANCIAL HIGHLIGHTS Third quarter revenues were $2.42 billion, a 1% decrease compared to $2.45 billion in the prior year, reflecting a $21 million, or 1%, negative impact from foreign currency fluctuations. Adjusted Revenues were flat compared to the prior year Net income in the quarter was $42 million, compared to net income of $59 million in the prior year Third quarter Total Segment EBITDA was $322 million, compared to $320 million in the prior year In the quarter, reported EPS were $0.05 as compared to $0.09 in the prior year - Adjusted EPS were $0.11 compared to $0.09 in the prior year At the Dow Jones segment, professional information busi
FISCAL 2024 SECOND QUARTER KEY FINANCIAL HIGHLIGHTS Second quarter revenues were $2.59 billion, a 3% increase compared to $2.52 billion in the prior year, driven by growth at the Digital Real Estate Services, Dow Jones and Book Publishing segments Net income in the quarter was $183 million, compared to net income of $94 million in the prior year Second quarter Total Segment EBITDA was $473 million, compared to $409 million in the prior year In the quarter, reported EPS were $0.27 as compared to $0.12 in the prior year - Adjusted EPS were $0.26 compared to $0.14 in the prior year Dow Jones achieved its highest quarterly revenues and Segment EBITDA since its acquisition in 2007
FISCAL 2024 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS First quarter revenues were $2.50 billion, a 1% increase compared to $2.48 billion in the prior year, driven by growth at the Book Publishing and Dow Jones segments Net income in the quarter was $58 million, compared to net income of $66 million in the prior year First quarter Total Segment EBITDA was $364 million, compared to $350 million in the prior year In the quarter, reported EPS were $0.05 as compared to $0.07 in the prior year - Adjusted EPS were $0.16 compared to $0.12 in the prior year Within the Dow Jones segment, professional information business revenues rose 14% and helped to underpin 10% Segment EBITDA growth a
FISCAL 2023 FOURTH QUARTER AND FULL YEAR KEY FINANCIAL HIGHLIGHTS Fourth quarter revenues were $2.43 billion, compared to $2.67 billion in the prior year, reflecting the absence of the extra week in the prior year and the negative impact from foreign currency fluctuations Net loss in the quarter was $(32) million, inclusive of $166 million related to higher non-cash write- downs and restructuring charges, compared to net income of $127 million in the prior year, which included a $149 million tax benefit Fourth quarter Total Segment EBITDA was $341 million, compared to $315 million in the prior year Digital revenues accounted for over 50% of total revenues for the full year, mark
FISCAL 2023 THIRD QUARTER KEY FINANCIAL HIGHLIGHTS Revenues in the quarter were $2.45 billion, a 2% decrease compared to $2.49 billion in the prior year, reflecting a $98 million, or 4%, negative impact from foreign currency fluctuations. Adjusted Revenues were flat Net income in the quarter was $59 million compared to $104 million in the prior year Total Segment EBITDA in the quarter was $320 million compared to $358 million in the prior year In the quarter, reported EPS were $0.09 compared to $0.14 in the prior year – Adjusted EPS were $0.09 compared to $0.16 in the prior year At the Dow Jones segment, revenues from its professional information business grew 38% from the pr
FISCAL 2023 SECOND QUARTER KEY FINANCIAL HIGHLIGHTS Revenues in the quarter were $2.52 billion, a 7% decrease compared to $2.72 billion in the prior year, reflecting a $171 million, or 6%, negative impact from foreign currency fluctuations. Adjusted Revenues decreased 3% Net income in the quarter was $94 million compared to $262 million in the prior year Total Segment EBITDA in the quarter was $409 million compared to $586 million in the prior year In the quarter, reported EPS were $0.12 compared to $0.40 in the prior year – Adjusted EPS were $0.14 compared to $0.44 in the prior year At the Dow Jones segment, revenues from its professional information business grew 45%, benefiting
Highlights Well-Rounded Slate's Capital Allocation Acumen, Corporate Governance Experience, Relevant Sector Backgrounds, Transaction Expertise and Sorely Needed Ownership Perspectives Reiterates Its View That Stockholders Deserve New Leadership Following Years of Value Destruction Under Chair Michael Roth (26+ Years of Board Service) and CEO Marc Lautenbach (10+ Years of CEO and Board Service) Urges the Board to Avoid Initiating a Reactionary Director Refreshment or Employing Entrenchment Maneuvers to Insulate Messrs. Roth and Lautenbach Hestia Capital Management, LLC (collectively with its affiliates, "Hestia" or "we"), which is the third largest stockholder of Pitney Bowes, Inc. (NYSE:
FISCAL 2023 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS Revenues in the quarter were $2.48 billion, a 1% decrease compared to $2.50 billion in the prior year, driven by a $153 million, or 6%, negative impact from foreign currency fluctuations and lower Book Publishing segment revenues. Adjusted Revenues increased 3% Net income in the quarter was $66 million compared to $267 million in the prior year Total Segment EBITDA in the quarter was $350 million compared to $410 million in the prior year In the quarter, reported EPS were $0.07 compared to $0.33 in the prior year – Adjusted EPS were $0.12 compared to $0.23 in the prior year Dow Jones segment revenues and Segment EBITDA grew 16% an
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News's (NYSE:NWSA) short percent of float has fallen 10.13% since its last report. The company recently reported that it has 7.72 million shares sold short, which is 2.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.89 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impo
News's (NYSE:NWSA) short percent of float has fallen 8.57% since its last report. The company recently reported that it has 8.47 million shares sold short, which is 2.24% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.22 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impor
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms Inc. (NASDAQ:META) have discussed licensing content with major Hollywood studios for their AI video generation software. These companies are developing technology to create realistic scenes from text prompts and have offered substantial sums to partner with studios. Peer Microsoft Corp (NASDAQ:MSFT) backed OpenAI is engaged in similar talks, Bloomberg reports. Hollywood studios want to use AI to cut costs but ensure their work isn’t misused. They are cautious about licensing content without control over its use. Recently, Scarlett Johansson demanded that OpenAI stop using a voice resembling hers for its chatbot.
Gainers Millicom Intl Cellular (NASDAQ:TIGO) stock increased by 9.1% to $25.73 during Thursday's pre-market session. The market value of their outstanding shares is at $4.4 billion. PropertyGuru Group (NYSE:PGRU) stock rose 8.26% to $4.98. The market value of their outstanding shares is at $816.4 million. As per the news, the Q1 earnings report came out 2 days ago. Gamer Pakistan (NASDAQ:GPAK) shares increased by 8.24% to $0.24. The company's market cap stands at $6.0 million. News (NASDAQ:NWSA) shares rose 5.43% to $27.36. The company's market cap stands at $15.5 billion. Society Pass (NASDAQ:SOPA) stock increased by 5.43% to $1.94. The market value of their outstanding shares is at $5
Major U.S. index futures jumped early Thursday as Nvidia Corp.’s (NASDAQ:NVDA) earnings provided a shot in the arm for the market. A couple of market-moving economic data on the job market and the manufacturing sector and a Federal Reserve official’s speech could also affect the day’s trading. Given the confounding rate outlook, the focus is likely to be squarely on these numbers to understand their implications for the Fed funds rate. A market strategist pointed to historical seasonal strength around May-end through early July. FuturesPerformance (+/-)Nasdaq 100+0.95%S&P 500+0.59%Dow+0.14%R2K+0.18%In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) climbed 0.56% to $5
Buyers are flocking into News Corp (NASDAQ:NWSA) (NASDAQ:NWS) stock after the bell on Wednesday following the company’s multiyear global partnership announcement with OpenAI. What Happened: News Corp announced a partnership with OpenAI to bring News Corp news content to OpenAI products. In addition to providing content, News Corp. will “share journalistic expertise to help ensure the highest journalism standards are present across OpenAI’s offering.” OpenAI will gain access to current and archived content from News Corp’s major news and information publications, including The Wall Street Journal, Barron’s, MarketWatch, Investor’s Business Daily, New York Post and more. Under terms of t
OpenAI will receive access to current and archived content from News Corp's major news and information publications, including The Wall Street Journal, Barron's, MarketWatch, Investor's Business Daily, FN, and New York Post; The Times, The Sunday Times and The Sun; The Australian, news.com.au, The Daily Telegraph, The Courier Mail, The Advertiser, and Herald Sun; and others. The partnership does not include access to content from any of News Corp's other businesses.