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 .
You might also like
| 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. |
-
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?
-
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?
-
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?
-
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?
-
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?
Research analysts who have asked questions during NEWS earnings calls.
Craig Huber
Huber Research Partners
4 questions for NWSA
Kane Hannan
Goldman Sachs
4 questions for NWSA
Alan Gould
Loop Capital
3 questions for NWSA
David Karnovsky
JPMorgan Chase & Co.
3 questions for NWSA
Entcho Raykovski
Evans & Partners
3 questions for NWSA
Brian Han
Morningstar
2 questions for NWSA
David Joyce
Seaport Research Partners
2 questions for NWSA
Evan Karatzas
UBS Group AG
2 questions for NWSA
Lucy Huang
UBS
2 questions for NWSA
Anja Rakowski
Evans and Partners
1 question for NWSA
Darren Leung
Macquarie
1 question for NWSA
Jason Bazinet
Citigroup
1 question for NWSA
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’s repurchase programs, first authorized in September 2021 and expanded in July 2025, allow up to US$1 billion each for Class A and Class B common stock purchases.
- As of October 31, 2025, the company has repurchased 25,911,237 Class A shares (US$562,570,025) and 12,600,767 Class B shares (US$285,955,132) cumulatively, with 70,004 Class A and 30,471 Class B shares bought on that date.
- To date, approximately US$851,302,250 has been spent under the 2021 Repurchase Program.
- Repurchases are executed on the open market through Goldman Sachs & Co. LLC, paid in USD, with no minimum share requirement and an established maximum under each program.
- News Corp continues its repurchase programs, authorized to acquire up to US$1 billion under both the 2021 and 2025 Repurchase Programs for Class A and Class B common stock.
- On October 30, 2025, the company bought back 25,841,233 Class A shares for US$560.7 million and 12,570,296 Class B shares for US$285.0 million, with 70,004 Class A and 30,471 Class B shares pending acceptance.
- Prices paid ranged from US$14.88 to US$30.93 for Class A shares and US$25.81 to US$26.52 for Class B shares during the repurchases.
- Under its 2021 Repurchase Program, News Corp is authorized to repurchase up to US $1 billion of Class A and B common stock, with an additional US $1 billion authorized under the 2025 Repurchase Program.
- On October 29, 2025, News Corp repurchased 25,771,229 Class A shares for US $558.9 million and 70,004 shares for US $1.84 million , and 12,539,825 Class B shares for US $284.1 million and 30,471 shares for US $0.93 million.
- To date, the company has acquired approximately US $845.75 million of Class A and B shares under the 2021 program.
- Exhibits 99.1 and 99.2 provide the detailed daily notifications filed with the ASX.
- News Corp’s original US$1 billion 2021 repurchase program and an additional US$1 billion authorized as of July 15, 2025 allow open-market purchases of Class A and Class B common stock.
- Under ASX rules, News Corp filed daily buy-back notifications; on October 28, 2025 it repurchased 70,004 Class A shares for US$1.88 million and 30,471 Class B shares for US$0.95 million.
- Cumulative repurchases under the 2021 program total approximately US$842.98 million as of the latest report.
- News Corp’s board maintains a repurchase program with up to US $1 billion authorized in September 2021 and an additional US $1 billion in July 2025 for repurchases of Class A and Class B common stock.
- On October 27, 2025, the Company repurchased 25,631,221 Class A shares at a total cost of US $555.1 million and 70,004 Class B shares for US $1.868 million.
- To date under the 2021 Repurchase Program, News Corp has acquired approximately US $840.1 million of its Class A and Class B shares based on total consideration paid.
- Repurchases are conducted via Goldman Sachs & Co. LLC in the open market to enhance shareholder value, with no minimum purchase requirement, and are subject to ASX daily disclosure rules.
- On October 27, 2025, News Corp reported repurchases on October 24: 25,561,217 Class A shares at total consideration US$553.3 million and 70,004 Class B shares for US$1.85 million.
- On the same date, the company also repurchased 12,448,412 Class A shares for US$281.3 million and 30,471 Class B shares for US$0.92 million.
- News Corp’s 2021 and 2025 Repurchase Programs each authorize repurchases up to US$1 billion of Class A and Class B common stock.
- Repurchases are intended to enhance shareholder value; no foreign participation restrictions or additional shareholder approvals are required.
- Under its 2021 and 2025 Repurchase Programs, News Corp is authorized to repurchase up to US$1 billion of Class A and Class B common stock under each program.
- On October 23, 2025, the Company bought back 25,491,213 Class A shares for US$551,438,801 and 12,430,955 Class B shares for US$280,791,238.
- To date, approximately US$834,990,579 has been used under the 2021 Repurchase Program.
- Class A repurchase prices ranged from US$14.88 (Sep 29, 2022) to US$30.93 (Sep 23, 2025) ; Class B ranged from US$15.17 (Sep 29, 2022) to US$35.41 (Jul 15, 2025).
- Under its 2021 and 2025 Repurchase Programs, News Corp is authorized to repurchase up to US$1 billion of Class A common stock and US$1 billion of Class B common stock in each program.
- Daily ASX disclosure for October 21, 2025 shows repurchases of 25,421,209 Class A shares for US$549.59 million and 12,400,484 Class B shares for US$279.88 million.
- To date under the 2021 program, the company has acquired approximately US$829.47 million of its Class A and Class B shares.
- News Corp’s stock repurchase programs authorize up to US$1 billion each under the 2021 and 2025 plans to enhance shareholder value.
- On October 20, 2025, the company repurchased 25,281,201 Class A shares for US$545,900,981 and 70,004 Class B shares for US$1,838,235.04 under ASX listing rule 3.8A.
- To date, US$826,698,553 has been spent on share repurchases under the 2021 program.
- Repurchases are executed in USD via Goldman Sachs & Co. LLC as broker, with no minimum buy-back thresholds.
- Share Repurchase Programs: News Corp is authorized to repurchase up to US$1 billion of Class A and Class B common stock under the 2021 program and an additional US$1 billion under the 2025 program, executed in the open market subject to market conditions.
- Daily Buyback on Oct 16, 2025: The company repurchased 25,141,193 shares for US$542,248,207 and accepted 70,004 shares for US$1,833,425.76 in one class; and 12,278,600 shares for US$276,247,384 and 30,471 shares for US$904,199.50 in the other class.
- Execution Mechanism: Buybacks are conducted through Goldman Sachs & Co. LLC as broker on the ASX, with consideration paid in US dollars.
- Program Governance: The buy-back requires no shareholder approval, imposes no foreign participation restrictions, and is intended to enhance shareholder value.