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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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In January 2022, the U.S. housing market experienced its fastest-selling month on record, with homes selling in an average of 61 days, a decrease of 10 days from January 2021. Active listings dropped by 28.4% year-over-year, continuing a four-month trend of declining inventory. Despite rising buyer activity, new listings fell by 9.1%, indicating seller hesitation due to factors like Omicron uncertainties. The median listing price reached $375,000, up 10.3% year-over-year, fueled by strong demand amid limited supply.

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News Corporation reported fiscal 2022 second quarter revenues of $2.72 billion, a 13% increase from the previous year, marking the highest quarterly revenue since separation. Net income was $262 million, stable compared to last year, while Total Segment EBITDA rose 18% to $586 million. Digital Real Estate Services revenues grew 35%, and Foxtel streaming subscribers increased by 66%. The company announced a $0.10 dividend per share and plans to bolster the Dow Jones business with recent acquisitions.

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According to the Realtor.com® Monthly Rental Report, national rents in 2021 grew an average of 10.1%, significantly outpacing the 1.9% increase seen in 2020. December marked the sixth consecutive month of double-digit yearly rent hikes, with Miami, Tampa, and Orlando leading the surge, each experiencing over 34% growth. The median rental price reached $1,781, a 19.3% year-over-year increase. While monthly growth decelerated in December, the trend suggests rising rental costs will challenge affordability in 2022 as more renters consider transitioning to homeownership.

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News Corp is set to announce its second quarter Fiscal 2022 results on February 3, 2022 at 5:00 p.m. EST. CEO Robert Thomson and CFO Susan Panuccio will host an analyst call to discuss these results.

The call will be accessible via a live audio webcast on the company's investor relations website. A replay will be available for 10 business days following the call.

News Corp operates across diverse media sectors and is headquartered in New York.

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Evocalize has secured $12 million in Series A funding, led by Move, Inc., alongside Second Century Ventures and Habanero Ventures. This investment will enhance Evocalize's automation and machine learning capabilities, aiding local businesses in digital marketing. Evocalize aims to simplify marketing processes, allowing users to launch programs efficiently. Clients have reported significant improvements, such as a 400% increase in digital marketing results and a reduction in weekly marketing time from 9 hours to 9 minutes. The funding will expand their reach and capabilities in various industries.

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On January 11, 2022, HarperCollins announced the acquisition of global publishing rights for the authorized biography of Ratan N. Tata, written by Dr. Thomas Mathew. Scheduled for release in November 2022, the biography aims to provide a comprehensive insight into Tata's life, business strategies, and leadership. The Tata Group, under his leadership, grew into a global powerhouse with a market capitalization exceeding $250 billion. The biography will be published in India by HarperCollins India, in the US by HarperCollins Leadership, and in the UK by William Collins.

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Realtor.com has announced its first annual Best Markets for First-Time Homebuyers Report for 2022, identifying the top ten cities that offer a desirable balance of affordability and lifestyle for new buyers. Key findings include an average unemployment rate of just 2.7% in these markets and a home-price-to-income ratio of 3.9, significantly lower than the national average of 5.0. The leading market, Magna, Utah, shows strong sales growth potential, with a forecasted increase of 15.2% in sales and 8.5% in prices.

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Realtor.com's December 2021 Housing Report reveals that U.S. home listing prices surged back into double-digit growth, reaching a median of $375,000. This marks a 10% increase from December 2020. Buyer competition is intensifying as mortgage rate hikes loom, pushing buyers to act quickly despite a 26.8% decrease in active listings year-over-year. The report highlights significant price increases in hot markets like Las Vegas and Austin, while overall inventory challenges persisted, signaling possible affordability issues in 2022.

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News Corp has announced an agreement to acquire the Base Chemicals business from S&P Global and IHS Markit for $295 million. This acquisition aims to enhance Dow Jones’ information services by integrating Base Chemicals with OPIS, which specializes in energy and renewables data. Base Chemicals, expected to generate $65 million in revenues, offers strong digital and recurring revenue streams. The acquisition is anticipated to strengthen Dow Jones’ competitive position amidst growing demand for chemical pricing and insights in a transitioning energy landscape.

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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