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 .
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| 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?
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.
- 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.
- News Corp’s ongoing repurchase plan is authorized to acquire 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.
- On October 15 2025, the company bought back 25,071,189 Class A shares for US$540,376,951 and 70,004 Class B shares for US$1,871,255.92 on the Australian Securities Exchange.
- To date, News Corp has repurchased approximately US$818,495,591 of its Class A and Class B shares under the 2021 program.
- Repurchase programs: Authorized to acquire 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 to enhance shareholder value.
- October 14, 2025 activity: Purchased 25,001,185 shares for US $538,545,632 and 70,004 shares for US $1,831,318.64; cumulatively US $815,710,071 spent under the 2021 program to date.
- On-market price range: Highest US $30.93 paid on September 23, 2025 and lowest US $14.88 on September 29, 2022 for Class A stock.
- News Corp. filed an 8-K on October 10, 2025 disclosing its ongoing repurchase programs: up to US$1 billion under the 2021 Repurchase Program and an additional US$1 billion under the 2025 Repurchase Program for Class A and Class B common stock.
- Under ASX rules, News Corp. provides daily on-market buy-back disclosures; as of the latest report, US$807.5 million has been repurchased under the 2021 Program.
- Buy-backs are executed in the open market via Goldman Sachs & Co. LLC, with no minimum purchase requirement and a maximum authorization of US$1 billion per program.
- The repurchase is intended to enhance shareholder value and applies to 374.8 million Class A and 146.0 million Class B shares outstanding.
- As part of its US$1 billion 2021 Repurchase Program and an additional US$1 billion 2025 Repurchase Program, News Corp provided daily buy-back disclosure to the ASX on October 9, 2025, covering transactions executed on October 8, 2025.
- On October 8, 2025, the company repurchased 24,725,940 Class A shares for a total of US$531,262,483, with prices ranging from US$14.88 to US$30.93 per share.
- On the same day, it repurchased 12,095,774 Class B shares for US$270,785,583, with prices between US$15.17 and US$35.41 per share.
- Through October 8, 2025, News Corp has acquired approximately US$804.7 million of Class A and Class B shares under the 2021 program, with further repurchases subject to remaining authorization.
- News Corp’s board has authorized US$2 billion in aggregate share repurchase programs—US$1 billion under the 2021 Repurchase Program and an additional US$1 billion under the 2025 Repurchase Program.
- On October 7, 2025, the Company repurchased 24,664,269 Class A common shares at a total cost of US$529,556,577 and 61,671 shares for US$1,705,906.20.
- On October 7, 2025, the Company repurchased 12,068,929 Class B common shares for US$269,949,409 and 26,845 shares for US$836,173.43.
- To date under the 2021 Repurchase Program, approximately US$802,048,066 has been spent on repurchasing Class A and Class B common stock.
- Under its 2021 and 2025 Repurchase Programs, News Corp is authorized to repurchase up to US$2 billion aggregate of Class A and Class B common stock, with daily disclosures to the ASX.
- On October 6, 2025, the company repurchased 24,602,598 Class A shares for US$527.8 million and 12,042,084 Class B shares for US$269.1 million, as reported on October 7, 2025.
- To date, US$799.5 million has been deployed under the 2021 program based on total consideration paid.
- Goldman Sachs & Co. LLC is the broker executing these on-market buybacks.
- News Corp’s board authorized repurchases of up to US $2 billion of its Nasdaq-listed Class A and Class B common stock (US $1 billion under each of the 2021 and 2025 Repurchase Programs).
- On October 3, 2025, the Company repurchased 58,843 Class A shares for US $1.68 million and 25,613 Class B shares for US $0.83 million, filing daily notifications with the ASX as required.
- To date, approximately US $796.9 million of Class A and Class B shares have been acquired under the 2021 program.
- News Corp has two repurchase programs, each authorizing up to US $1 billion for purchases of Class A and Class B common stock—the original 2021 program and an additional 2025 program—to enhance shareholder value.
- In daily ASX notifications on October 2, 2025, the Company reported repurchases on October 1, 2025 of 24,428,699 Class A shares at a total cost of US $522,806,749 and 56,213 Class B shares for US $1,649,553.62.
- To date, approximately US $791,898,686 has been spent under the 2021 Repurchase Program.
- All repurchases are executed on-market via Goldman Sachs & Co. LLC and require no shareholder approval.
- News Corp reaffirmed its Nasdaq-listed Class A and Class B stock repurchase programs, authorizing up to US$1 billion under each of its 2021 and 2025 Repurchase Programs.
- On September 26, 2025, the company repurchased 24.27 million Class A shares for US$517.99 million (including 53,756 shares on that day).
- On the same date, News Corp also repurchased 11.90 million Class B shares for US$264.31 million (including 23,399 shares on that day).
- To date under the 2021 program, the company has acquired approximately US$784.72 million of Class A and Class B shares, with transactions executed through Goldman Sachs & Co. LLC in compliance with ASX listing rules.