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News Corporation Class B - NWS STOCK NEWS

Welcome to our dedicated page for News Corporation Class B news (Ticker: NWS), a resource for investors and traders seeking the latest updates and insights on News Corporation Class B stock.

News Corporation (NWS) is a prominent American media and publishing conglomerate with an international footprint. The company operates across various segments, including Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other segments. News Corporation owns influential publications such as The Wall Street Journal, Barron's, New York Post, The Times, The Sun, The Australian, Herald Sun, and The Daily Telegraph.

The company's Digital Real Estate Services segment includes dominant property listing platforms such as realtor.com®, operated by subsidiary Move, Inc. In the Subscription Video Services segment, News Corp holds a 65% stake in Foxtel, a key player in the Australian subscription video market, with streaming platforms like Kayo for sports and Binge for entertainment.

Through its 61% stake in the REA Group, News Corp also leads the property listings business in Australia. The Book Publishing segment features HarperCollins, one of the largest book publishers globally. The Dow Jones segment offers extensive news, business information, and compliance solutions via leading publications and products, including MarketWatch and Investor's Business Daily.

News Corp's innovative initiatives include the launch of the AI-powered Dow Jones Integrity Check, designed to enhance compliance workflows and investigative due diligence. This platform emphasizes AI's responsible use, aligning with regulatory standards and providing users with reliable, auditable insights.

In recent developments, News Corp through realtor.com® highlighted the best week for home sellers in 2024, while also unveiling the top housing markets for electric vehicle owners and the most affordable beach towns in America. These insights demonstrate the company's commitment to leveraging data analytics and market trends to provide valuable resources for consumers.

News Corp’s diverse portfolio and strategic focus on technology and market trends position it as a significant player in the global media and publishing industry, continuously innovating to meet consumer and business needs.

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Realtor.com forecasts the best week to list homes is from April 10-16, 2022, dubbed Listapalooza, driven by strong buyer demand, high prices, and quick sales. Sellers during this period can expect to achieve asking prices about 10.9% higher than at the year's start, and homes are anticipated to sell significantly faster than in previous years. However, market dynamics may shift due to rising mortgage rates and inflation, impacting future buyer willingness and pricing strategies.

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News Corp announced that Chief Financial Officer Susan Panuccio will participate in the Deutsche Bank 30th Annual Media, Internet & Telecom Conference on Monday, March 14, 2022. The session is scheduled to start at 2:20pm EDT. Interested investors can listen to the live webcast on the News Corp website, with a replay available afterward.

As a global, diversified media and information services company, News Corp focuses on creating and distributing content across various sectors, including digital real estate and subscription services.

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News Corp announced that CEO Robert Thomson will speak at the Morgan Stanley Technology, Media & Telecom Conference on March 10, 2022, starting at 8:00 AM PST. Investors and interested parties can access the live webcast via the News Corp website. A replay will be available post-conference. News Corp, listed under NWS and NWSA, is a global media and information services company, operating primarily in the US, Australia, and the UK.

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Realtor.com® reported that the U.S. median home listing price reached an all-time high of $392,000 in February 2022, reflecting a 12.9% year-over-year increase. This early surge in home prices, particularly in metros like Las Vegas and Miami, indicates heightened competition ahead of the typical Spring buying season. Despite a 24.5% annual decline in active listings, new listings showed signs of improvement. However, rising mortgage rates may impact buyer affordability moving forward.

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News Corp has successfully completed the acquisition of Oil Price Information Service (OPIS) for $1.150 billion, strengthening its Dow Jones division in the energy and commodities sectors. This deal is expected to yield an estimated tax benefit of $180 million. OPIS provides critical data and insights within the oil and gas industries, enhancing Dow Jones' offerings in renewables and carbon benchmarking. The acquisition aligns with News Corp's strategy to invest in premium data analytics and expand its market presence.

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New data from Realtor.com's Monthly Rental Report indicates that renting is becoming increasingly expensive, with a 19.8% year-over-year increase in the U.S. median rental price to $1,789 in January. In contrast, in 26 of the 50 largest metros, the monthly cost of buying a starter home is 20.6% lower than renting. Birmingham, Cleveland, and Pittsburgh lead in affordability for first-time buyers. However, rising mortgage rates and limited inventory in competitive housing markets continue to challenge potential buyers.

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News Corporation (NWS, NWSA) announced a private offering of $500 million in Senior Notes due 2032, with a 5.125% interest rate payable semi-annually. The sale, set to close on February 11, 2022, aims to fund acquisitions of Base Chemicals and Oil Price Information Service from S&P Global and IHS Markit. The offering is made under the Securities Act exemptions for qualified institutional buyers and non-U.S. persons. The Notes will not be registered under the Securities Act, restricting sales within the U.S.

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News Corporation has announced a private offering of $500 million aggregate principal amount of Senior Notes due 2032. The proceeds will mainly be used for general corporate purposes, including acquisitions of the Base Chemicals and Oil Price Information Service businesses from S&P Global Inc. and IHS Markit Ltd. This offering will be conducted under exemptions of the Securities Act of 1933, aimed at qualified institutional buyers and non-U.S. persons. The Notes will not be registered under the Securities Act.

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FAQ

What is the current stock price of News Corporation Class B (NWS)?

The current stock price of News Corporation Class B (NWS) is $31.3 as of December 24, 2024.

What is the market cap of News Corporation Class B (NWS)?

The market cap of News Corporation Class B (NWS) is approximately 17.8B.

What segments does News Corporation operate in?

News Corporation operates in Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other segments.

What are some key publications owned by News Corporation?

Key publications include The Wall Street Journal, Barron's, New York Post, The Times, The Sun, The Australian, Herald Sun, and The Daily Telegraph.

What is the significance of News Corp's Digital Real Estate Services segment?

The Digital Real Estate Services segment includes leading property listing platforms such as realtor.com®, which provides extensive real estate information and resources.

What is Foxtel and what stake does News Corporation have in it?

Foxtel is a key player in the Australian subscription video market, and News Corporation holds a 65% stake in it.

How does News Corporation leverage AI in its operations?

News Corp uses AI in platforms like Dow Jones Integrity Check to enhance compliance workflows and due diligence, ensuring reliable and auditable insights.

What recent analysis did realtor.com® provide about the housing market?

Realtor.com® highlighted the best week for home sellers in 2024 and identified the top housing markets for electric vehicle owners and affordable beach towns in America.

What is the role of HarperCollins in News Corporation?

HarperCollins is one of the largest book publishers globally and a significant part of News Corporation's Book Publishing segment.

How does News Corp's Dow Jones segment contribute to its business?

The Dow Jones segment provides news, business information, and compliance solutions through publications like MarketWatch and Investor's Business Daily.

What is the REA Group and how is it related to News Corporation?

The REA Group is a dominant property listings business in Australia, and News Corporation holds a 61% stake in it.

How does News Corporation's diversification benefit its business strategy?

News Corporation's diversification across various media and publishing segments allows it to leverage market trends, innovate through technology, and meet a wide range of consumer and business needs.

News Corporation Class B

Nasdaq:NWS

NWS Rankings

NWS Stock Data

17.78B
490.70M
40.93%
45.17%
0.65%
Entertainment
Newspapers: Publishing Or Publishing & Printing
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United States of America
NEW YORK