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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 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.
- 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.
- The Board approved an extension of Robert Thomson’s employment agreement, now set to expire on June 30, 2030.
- Contract extension acknowledges Thomson’s 12-year tenure and transformational leadership, underpinning News Corp’s four most profitable years from fiscal 2021–2024 and continued strength in fiscal 2025.
- Under Thomson’s leadership, digital revenues rose to 50% of total revenues by fiscal 2024, with the company also achieving an investment-grade credit rating.
- News Corp’s board has authorized an open-market buyback of up to US$1 billion of Class A and Class B common stock to enhance shareholder value.
- On June 18, 2025, the company repurchased 12,327 Class A shares for US$345,768.65 and 6,173 Class B shares for US$199,026.78 on the ASX.
- To date, approximately US$686.80 million has been deployed under the repurchase program.
- News Corp’s board authorized an open-market share repurchase program of up to US$1 billion for its Nasdaq-listed Class A and Class B common shares.
- On June 16, 2025, the company repurchased 22,107,081 Class A shares for US$453,939,560.26 plus an additional 12,327 Class A shares for US$346,046.01, and 10,914,665 Class B shares for US$231,199,899.00 along with 6,173 Class B shares for US$198,426.76 on the same day.
- Under ASX daily disclosure requirements on June 13, 2025, News Corp repurchased 22,093,955 Class A shares for US$453,579,504.89 and 13,126 Class B shares for US$360,055.37.
- On June 17, 2025, it repurchased 6,574 Class A shares for US$209,983.42 and 13,126 Class B shares for US$366,135.33.
- To date, approximately US$685–686 million has been deployed under the program, with figures reported as US$685,683,932.03, US$685,139,459.26, and US$686.26 million.
- News Corp's US$1 billion share repurchase program remains active for its Nasdaq-listed Class A and B common stock.
- On June 12, 2025, the company repurchased 22,080,829 Class A shares for US$453,215,684.98 and 13,126 Class A shares for US$363,819.91, as well as 10,901,517 Class B shares for US$230,784,434.69 and 6,574 Class B shares for US$209,063.06.
- On June 11, 2025, it repurchased 6,574 Class A shares at US$209,737.55, bringing total Class A buybacks to 10,894,943 shares at US$230,574,697.14, and 13,126 Class B shares for US$366,496.30, increasing total Class B buybacks to 22,067,703 shares at US$452,849,188.68.
- To date, approximately US$684 million has been deployed under the program, leaving roughly US$316 million of repurchase capacity remaining.
- The company is authorized to repurchase up to an aggregate of US$1 billion in its Nasdaq-listed Class A and Class B shares under its repurchase program.
- Daily notifications, including details on volumes and cash considerations, are being submitted to the ASX as part of the ongoing share buyback effort.
- The announcement was filed on June 6, 2025 via an 8-K, and it includes forward-looking statements regarding future repurchase activities and market conditions.
- 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 .