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    NEWS (NWSA)

    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 .

    1. 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 .
    2. 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. .
    3. 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 .
    4. Book Publishing - Represented by HarperCollins Publishers, one of the largest English-language publishers in the world, which has seen strong digital revenue growth .
    5. News Media - Includes various news and information services distributed under brands such as The Australian, Herald Sun, The Sun, and The Times .
    6. Other - Encompasses the company's general corporate overhead expenses and strategy costs .

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    NamePositionExternal RolesShort 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.

    1. 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?

    2. 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?

    3. 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?

    4. 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?

    5. 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?

    Program DetailsProgram 1
    Approval DateSeptember 22, 2021
    End Date/DurationNo time limit
    Total additional amount$1 billion
    Remaining authorization amount$422 million (as of September 30, 2024)
    DetailsAllows purchase of Class A and Class B Common Stock; may be modified, suspended, or discontinued at any time
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2025$1382024 REA Credit Facility – Tranche 25.63 4.8% = (138 / 2,900) * 100
    2025$442024 Foxtel Credit Facility – Tranche 28.36 1.5% = (44 / 2,900) * 100
    2025$1952024 Foxtel Credit Facility – Tranche 37.48 6.7% = (195 / 2,900) * 100
    2026$644Foxtel Credit Facility – Tranche 1, Working Capital Facility7.33 22.2% = (644 / 2,900) * 100
    2027$6172022 Term Loan A, Telstra Facility6.81, 12.25 21.3% = (617 / 2,900) * 100
    2028$1382024 REA Credit Facility – Tranche 15.93 4.8% = (138 / 2,900) * 100
    2029$9922021 Senior Notes3.875 34.2% = (992 / 2,900) * 100
    2032$4932022 Senior Notes5.125 17.0% = (493 / 2,900) * 100

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    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.

    NameStart DateEnd DateReason for Change
    Ernst & Young LLP2012 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    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 provides ASX daily buy-back update
    ·$NWSA
    Share Buyback
    • News Corporation is authorized to repurchase up to US$1 billion of Class A and Class B common stock under its 2021 Repurchase Program and an additional US$1 billion under its 2025 Repurchase Program.
    • Under ASX listing rules, the company discloses daily transactions; Exhibits 99.1 and 99.2 report that on August 26, 2025, News Corp repurchased 23,215,911 Class A shares for US$486,554,266 and 56,213 Class B shares for US$1,676,833.79.
    • Through August 26, 2025, News Corp has acquired approximately US$738,025,961 of its Class A and Class B shares under the 2021 Repurchase Program.
    Aug 27, 2025, 12:00 AM
    News Corp discloses share repurchase activity
    ·$NWSA
    Share Buyback
    • News Corp’s board has authorized open-market buy-backs of its Nasdaq-listed Class A and Class B common stock: US$1 billion under the 2021 Repurchase Program and US$1 billion under the 2025 Repurchase Program.
    • Under ASX listing rules, News Corp filed daily buy-back notifications (Exhibits 99.1 and 99.2) for August 22, 2025, repurchasing 53,756 Class A shares for US$1,634,354.42 and 23,399 Class B shares for US$819,992.22.
    • Total repurchases under the 2021 program to date amount to approximately US$733,064,135 of Class A and Class B shares.
    Aug 25, 2025, 12:00 AM
    News Corp report: U.S. home affordability drops to 28%
    ·$NWSA
    Demand Weakening
    • Only 28.0% of homes listed were affordable for a typical U.S. household, with the maximum affordable home price at $298,000, down nearly $30,000 from 2019 levels.
    • Despite a 15.7% rise in median incomes since 2019, higher mortgage rates (≈6.75%) have added $7,200 annually in financing costs for a $400,000 home.
    • Major metros like Milwaukee, Houston, Baltimore, New York City, and Kansas City saw buying power fall by 9–10.5%, with Milwaukee experiencing the steepest drop of 10.5% (from $314,000 to $281,000).
    • Only six of the 50 largest metros, led by Cleveland (up 4.4%, from $249,000 to $260,000), saw improvements in buying power, though affordable inventory shares remain below 2019 levels.
    Aug 21, 2025, 10:00 AM
    News Corp reports daily ASX buyback under US$2 billion repurchase programs
    ·$NWSA
    Share Buyback
    • News Corp filed an 8-K on August 20, 2025, confirming its ongoing share repurchase plans, with each of the 2021 and 2025 Repurchase Programs authorized to acquire up to US $1 billion of Class A and Class B common stock.
    • The ASX daily buy-back notification for August 19, 2025 indicates News Corp repurchased 22.94 million Class A shares for US $478.3 million and 56,213 CDIs for US $1.67 million ; and 11.29 million Class B shares for US $244.8 million and 24,469 CDIs for US $0.84 million.
    • Repurchases are executed in the open market or otherwise, with Goldman Sachs & Co. LLC as broker and no security holder approval required, aimed at enhancing shareholder value.
    Aug 20, 2025, 12:00 AM
    News Corp reports Q4 profit rise, revenue beats estimates
    ·$NWSA
    Earnings
    Share Buyback
    Legal Proceedings
    • Q4 profits rose 28% to $86 million and revenue increased 1% to $2.11 billion, slightly above Wall Street forecasts.
    • Dow Jones segment revenue climbed 6.7% to $604 million, led by digital subscription growth.
    • CEO Robert Thomson unveiled a $1 billion stock repurchase program, supplementing about $300 million remaining from the prior buyback.
    • The Wall Street Journal is vigorously defending a $10 billion libel lawsuit filed by President Trump.
    Aug 5, 2025, 9:07 PM
    News Corp continues US$1 billion share buyback program
    ·$NWSA
    Share Buyback
    • News Corp’s board has authorized a US$1 billion aggregate repurchase program for its Nasdaq-listed Class A and Class B common shares.
    • In its daily ASX disclosure for July 10, 2025, the company repurchased 11,527 Class A shares for US$341,459.71 and 5,773 Class B shares for US$198,575.61.
    • To date, approximately US$694.78 million of the repurchase authorization has been utilized.
    • All repurchases are conducted through Morgan Stanley & Co. LLC and are intended to enhance shareholder value.
    Jul 11, 2025, 12:00 AM
    News Corp reports July 8 repurchases under US$1 billion buyback program
    ·$NWSA
    Share Buyback
    • Under its Repurchase Program, News Corp is authorized to buy back up to US$1 billion of its Nasdaq-listed Class A and Class B common stock.
    • On July 8, 2025 the Company repurchased 22,273,258 Class A shares for US$458,762,557.45 in the open market.
    • On the same day it repurchased 11,010,902 Class B shares for US$234,406,321.16 on-market.
    • To date, approximately US$693.5 million of Class A and Class B shares have been acquired under the program.
    • Daily buy-back details are disclosed to the Australian Securities Exchange via Exhibits 99.1 and 99.2 to comply with ASX listing rule 3.8A.
    Jul 9, 2025, 12:00 AM
    News Corp housing market report shows inventory climbs but sellers hold out
    ·$NWSA
    Delisting/Listing Issues
    Demand Weakening
    • Active listings rose 28.9% YoY to 1,085,520, a post-pandemic peak, while the national median listing price held near flat at $440,950 (+0.1% YoY).
    • Delistings jumped 47% YoY in May and are up 35% YTD, outpacing overall inventory growth and signaling waning seller patience.
    • 20.7% of listings saw price reductions in June, the highest for any June since at least 2016, marking six consecutive months of rising cuts.
    • Homes remained on market longer, with median days on market increasing by five to 53 days, matching pre-pandemic norms.
    Jul 8, 2025, 10:00 AM
    News Corp updates US$1 billion share buyback program
    ·$NWSA
    Share Buyback
    • News Corp filed an 8-K on June 30, 2025, disclosing its US$1 billion authorization to repurchase Class A and Class B common stock under its repurchase program.
    • Under ASX listing rule 3.8A, News Corp provides daily buy-back notifications via Appendix 3C, with Exhibit 99.1 (Class A) and Exhibit 99.2 (Class B) submitted to the ASX.
    • On June 27, 2025, the company repurchased 22,204,096 Class A shares for US$456,714,536.92 and 11,527 Class B shares for US$340,181.37.
    • To date, US$690,046,202.91 has been deployed under the program.
    Jun 30, 2025, 12:00 AM
    News Corp updates $1 billion share repurchase program
    ·$NWSA
    Share Buyback
    • News Corp has an ongoing US$1 billion repurchase program for its Nasdaq-listed Class A and Class B common stock to enhance shareholder value.
    • On June 20, 2025, the company repurchased 22,144,861 Class A shares for US$454,997,510.25 and 12,327 Class B shares for US$349,274.45.
    • Year-to-date under the program, News Corp has acquired approximately US$687,355,322.80 of Class A and Class B common stock.
    • Transaction prices on June 20 ranged from US$14.88–US$30.69 for Class A and US$28.16–US$28.62 for Class B shares.
    Jun 23, 2025, 12:00 AM