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News Corporation (News Corp) is a global diversified media and information services company that operates across several segments, including digital real estate services, subscription video services, news and information services, and book publishing . The company manages its businesses in six segments, with Dow Jones being the largest contributor to overall company revenue . News Corp's offerings include digital real estate platforms, subscription television services, business and financial news, book publishing, and various news media brands .
- Dow Jones - Provides news and business information through brands like The Wall Street Journal, Barron’s, and MarketWatch, focusing on both consumer and professional information products, with digital revenue accounting for a significant portion of the segment's revenues .
- Digital Real Estate Services - Includes a 61.4% interest in REA Group and an 80% interest in Move, which operates Realtor.com®. REA Group specializes in property-related data and services, while Move offers real estate advertising solutions and online tools for landlords and tenants in the U.S. .
- Subscription Video Services - Holds a 65% interest in the Foxtel Group, the largest Australian-based subscription television provider, offering sports, entertainment, and news services via satellite and internet distribution, including the Australian News Channel operating Sky News Australia .
- Book Publishing - Represented by HarperCollins Publishers, one of the largest English-language publishers in the world, which has seen strong digital revenue growth .
- News Media - Includes various news and information services distributed under brands such as The Australian, Herald Sun, The Sun, and The Times .
- Other - Encompasses the company's general corporate overhead expenses and strategy costs .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Robert J. Thomson ExecutiveBoard | Chief Executive Officer | None | CEO of News Corp since 2013. Previously served as Editor-in-Chief of Dow Jones and Managing Editor of The Wall Street Journal. Key achievements include negotiating fair payments for news content and driving digital growth. | View Report → |
David B. Pitofsky Executive | General Counsel | None | General Counsel of News Corp since 2015. Oversees global litigation, corporate governance, and ESG initiatives. Recently extended his term until June 2028. | |
Lavanya Chandrashekar Executive | Chief Financial Officer | None | CFO of News Corp since January 2025. Previously CFO of Diageo plc, where she led profitable growth and digital transformation. Also held senior finance roles at Procter & Gamble and Mondel\u0113z International. | |
Masroor Siddiqui Board | Independent Lead Director | CEO of Naya Capital Management UK Limited | Independent Lead Director since November 2022. Co-founder and CEO of Naya Capital. Previously held senior roles at Children\u2019s Investment Fund, Canyon Partners, and Putnam Investments. |
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With digital circulation revenues at Dow Jones rising only 4%, despite a 15% increase in digital-only subscriptions, how confident are you in sustaining this growth, and what strategies are you implementing to improve revenue conversion from the growing subscriber base?
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Given that advertising revenues at Dow Jones declined 7%, with digital advertising down 5% due to softness in the technology and finance categories, are there specific factors causing this underperformance compared to peers, and when do you expect advertising revenues to recover?
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The Factiva dispute impacted growth by about 6% this quarter, affecting the Professional Information Business's overall growth to 8% from the low to mid-teens last year. Can you provide more details on this dispute, its resolution timeline, and how it influences your growth outlook for this segment?
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You mentioned being in active discussions over the future of Foxtel, and the Foxtel loan balance now sits at AUD 545 million. Can you elaborate on the strategic options being considered for Foxtel and how these might unlock shareholder value and address the perceived undervaluation of your assets?
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With ongoing legal actions against AI companies like Perplexity and expectations of higher AI-related costs, including legal expenses, how do you balance the costs and benefits of litigation versus partnership in the AI space, and what is your strategy for monetizing your content amid these challenges?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Reuters News | Competes with the Dow Jones segment's professional information products by providing global financial newswires and compliance data services. |
Includes LexisNexis and ICIS, competing with the Dow Jones segment's professional information products in compliance data and information services. | |
Refinitiv | Competes with the Dow Jones segment's professional information products by offering financial data and analytics. |
Provides financial information and analytics, competing with the Dow Jones segment's professional information products. | |
DTN | Competes with the Dow Jones segment's professional information products by offering energy and commodities pricing and data. |
Argus Media | Provides energy and commodities pricing and data, competing with the Dow Jones segment's professional information products. |
Penguin Random House | Competes with HarperCollins in the book publishing market for rights to works by well-known authors and public personalities. |
Simon & Schuster | Competes with HarperCollins in the book publishing market for rights to works by well-known authors and public personalities. |
Hachette Livre | Competes with HarperCollins in the book publishing market for rights to works by well-known authors and public personalities. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Chemical Market Analytics (formerly Base Chemicals) | 2022 | Acquired for $295 million in cash (with customary adjustments) from S&P Global Inc., this deal bolstered Dow Jones’ offerings by adding pricing data, insights, and forecasting for base chemicals, including significant intangible assets such as customer relationships and technology, along with net tangible liabilities of about $22 million. |
UpNest, Inc. | 2022 | Completed with a structure of $45 million in cash plus up to $15 million contingent consideration, the acquisition expands Realtor.com®’s digital real estate services, leveraging key capabilities like customer relationships and technology (valued at approximately $16 million in identifiable intangibles and $40 million in goodwill) and recorded an $8 million contingent liability. |
Oil Price Information Service (OPIS) | 2022 | Executed for $1.15 billion in cash, this acquisition provided Dow Jones with a global industry standard platform for energy pricing and analytics, incorporating approximately $620 million of identifiable intangible assets and recording $536 million in goodwill, thus strengthening its leadership in energy and renewables information. |
Recent press releases and 8-K filings for NWSA.
- News Corp has initiated a repurchase program authorizing the buyback of up to US$1 billion in Class A and Class B common stock, aimed at enhancing shareholder value.
- The 8-K filing details daily buyback notifications including specific share volumes, consideration amounts, and pricing details, with transactions disclosed for both classes (using Morgan Stanley as the broker).
- Forward-looking statements in the report highlight that execution is subject to market conditions, with the filing dated May 23, 2025.
- News Corp announces a US$1 billion share buyback program for its Nasdaq-listed Class A and Class B common stock to enhance shareholder value.
- The company filed an 8‑K on May 15, 2025, signaling its intent to commence the repurchase program.
- A subsequent filing on May 16, 2025 details daily buyback notifications including pricing points and transaction amounts.
- Transactions will be executed via brokers, notably Morgan Stanley & Co. LLC.
- The filing includes forward‑looking statements cautioning that actual results may vary with market conditions and other factors.
- Strong Q3 performance: News Corp reported revenues of $2 billion (or $2.01 billion), net income up 67% to $107 million, and EPS doubling to $0.14 .
- Total Segment EBITDA increased 12% to $290 million, reflecting disciplined cost management and digital focus .
- Strategic transformation initiatives included divesting Foxtel Group to DAZN, repaying shareholder loans, acquiring a 6% minority stake, and reallocating assets to Dow Jones, Digital Real Estate Services, and Book Publishing .
- News Corp announced a $1 billion share buyback program for Nasdaq-listed Class A and Class B shares with detailed daily notifications and supporting Form 8-K filings .
- Morgan Stanley is serving as the broker for daily buyback transactions, confirming active market participation .
- Dow Jones segment showed strong growth with revenue up 6% and improved digital circulation and subscription revenues .
- Authorized Share Buyback: News Corp has initiated a repurchase program authorizing buybacks of up to US$1 billion of its Nasdaq-listed Class A and Class B common stock.
- 8-K Filing & Disclosure: News Corp filed 8-K notifications on May 1, 2025 and May 2, 2025, with initial disclosures starting on 28/04/2025 and updates on 29/04/2025 and 30/04/2025 in accordance with ASX rule 3.8A.
- Market Execution: The repurchase is executed in the open market through Morgan Stanley & Co. LLC, with daily notifications detailing repurchase volumes, transaction prices, pricing ranges, and cash consideration.
- News Corp has initiated a share repurchase program authorizing the buyback of up to US$1 billion of its Nasdaq‐listed Class A and Class B common stocks , , , , , .
- The program is executed in the open market and features daily disclosures detailing repurchase volumes, transaction amounts, and price metrics to ensure transparency for market participants , , , , , .
- Filing and notification details include a regulatory filing on 24/04/2025, a notification on April 23, 2025, and an 8‑K report dated 22/04/2025 outlining announcement dates and trading details , , , .
- This buyback initiative is part of News Corp’s broader strategy to enhance shareholder value amid favorable market conditions and includes forward‑looking statements on anticipated repurchase activities , , .
- News Corp (ticker NWSA) announces a share buyback program authorizing the repurchase of up to US$1 billion for its Nasdaq-listed Class A and Class B common stocks .
- The program is designed to enhance shareholder value by repurchasing shares over time, subject to market conditions .
- Daily notifications provide detailed transaction information—including traded volumes, total consideration amounts, and price ranges—with updates on April 16, 2025 , April 15, 2025 , and 14/04/2025 , as well as broker involvement by Morgan Stanley & Co. LLC .
- Additional documentation outlines share count details and execution under ASX rules .
- Buyback Program: News Corp has initiated a repurchase program authorizing up to US$1 billion to buy back its Nasdaq-listed Class A and Class B common stock ( ).
- Filing Details: The program was disclosed via Form 8-K filings on April 10–11, 2025, underscoring the company’s commitment to capital return strategies ( ).
- Daily Notifications: Detailed daily notifications report trading activity—including transaction dates on April 9, April 04, and July 04, 2025—and provide data on repurchase volumes, pricing, and cash considerations for both classes of securities ( ).
- Broker Involvement: Morgan Stanley is engaged to facilitate on-market transactions and serve as the broker for the program ( ).
- Forward-Looking Statements: Actual repurchase activity may vary based on market conditions and other factors, as noted in the forward-looking statements ( ).
- Buyback Authorization: News Corporation has announced a program to repurchase up to US$1 billion of its Nasdaq-listed Class A and Class B common shares to enhance shareholder value .
- Notification Details: The buyback notification, filed on 03/04/2025 and issued on 04/04/2025, includes daily trading data detailing the number of securities repurchased and the cash consideration paid .
- Market Execution: The repurchases are conducted on-market under ASX disclosure requirements and brokered by Morgan Stanley & Co. LLC, illustrating ongoing market-driven execution .
- News Corp has authorized a repurchase program to buy back up to US$1 billion of its Nasdaq-listed Class A and Class B common stock .
- The buyback program was detailed through filings, with an 8-K filing on 02/04/2025 and an ASX-related filing on 01/04/2025 .
- Daily repurchase notifications provide specifics such as the number of shares, total consideration paid, and transaction details .
- Morgan Stanley & Co. LLC is managing the transaction details and acting as the designated broker .
- Initial daily repurchase transactions were reported on 31/03/2025, with repurchases executed based on prevailing market conditions and conditions specific to both share classes .
- News Corp completed the sale of Foxtel Group to DAZN on April 2, 2025, repaying A$592 million in shareholder loans and obtaining a 6% minority equity interest in DAZN.
- Regulatory approvals from relevant Australian authorities were secured, enabling the transaction's successful completion.
- The deal is expected to strengthen News Corp’s balance sheet and enhance strategic focus on core growth areas, with a News Corp executive joining DAZN’s board.