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 is authorized to repurchase up to US$1 billion of Class A and Class B common stock under the 2021 Repurchase Program and an additional US$1 billion under the 2025 Repurchase Program.
- Attached as Exhibits 99.1 (Class A, code NWSAA) and 99.2 (Class B, code NWSAB) are daily buy-back notifications provided to the ASX under its listing rule requirements.
- On September 16, 2025, the company bought 23,839,514 Class A shares for US$504.8 million and 56,213 Class B shares for US$1.671 million, bringing total repurchases under the 2021 program to US$765.295 million to date.
- The buy-back, executed via Goldman Sachs & Co. LLC, is intended to enhance shareholder value, with no minimum purchase requirement and subject to ASX and securities law conditions.
- Under its stock repurchase programs, News Corp is authorized to acquire up to US$1 billion of Class A and Class B common stock under the 2021 Repurchase Program and an additional US$1 billion under the 2025 Repurchase Program.
- In the ASX daily notification for 12 September 2025, News Corp reported that on 11 September 2025 it repurchased 56,213 shares of Class A and Class B common stock for US$1,634,853.92, and had previously repurchased 23,670,875 shares at US$499,880,910.
- To date under the 2021 Repurchase Program, the Company has purchased approximately US$757,911,821 worth of Class A and Class B shares.
- Exhibits 99.1 and 99.2 attached to the Form 8-K provide the detailed daily buy-back disclosures required by ASX listing rules.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.