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.
Realtor.com® forecasts the Top Housing Markets of 2022, highlighting areas likely to experience significant home price appreciation and sales growth. Key markets include Salt Lake City, Boise, and Spokane, with projected home sales growth of 11.6% year-over-year, nearly double the national average of 6.6%. The average home price increase in these areas is expected to be 7.4%, substantially higher than the national rate of 2.9%. Factors driving this growth include strong local economies, job opportunities, and the migration of remote workers seeking affordability and quality of life.
Realtor.com®'s 2022 Housing Forecast predicts a competitive market for home buyers as demand from first-time buyers exceeds inventory recovery. Home sales are expected to rise by 6.6% year-over-year, reaching 6.0 million, marking the highest level in 16 years. Listing prices and rents will increase, with rents projected to grow by 7.1% and home prices by 2.9%. While affordability challenges persist, a recovering economy and increased flexibility in work arrangements may help buyers. The homeownership rate is expected to rise to 65.8% by year-end 2022.
News Corp announced that Chief Financial Officer Susan Panuccio will participate in the UBS Global TMT Virtual Conference on Tuesday, December 7, 2021, at 5:00pm EST. Interested parties can listen to the live webcast on the News Corp website, with a replay available afterward. News Corp, listed on Nasdaq under NWS and NWSA, is a diversified media and information services company, engaged in various sectors including digital real estate, subscription video services, and book publishing, primarily in the U.S., Australia, and the UK.
Realtor.com has launched new collaborative features to assist homebuyers in organizing their searches more efficiently. With 70% of first-time buyers shopping as couples, the platform enhances the experience by allowing users to create shared shopping carts and wish lists. The update facilitates easy coordination between partners and invites friends and family for input, ensuring all opinions are centralized for decision-making. A recent survey reveals that 79% of users shop together, with 85% valuing second opinions. The new features are available across various platforms.
In October 2021, U.S. home sales surged to record levels, continuing a trend of rapid sales despite seasonal slowdowns. Buyers are facing a tight inventory, with active listings down 21.9% year-over-year and a median listing price of $380,000, reflecting an 8.6% increase from last year. Homes sold faster, averaging 45 days on the market. However, new listings decreased by 2.3%, exacerbating the demand-supply mismatch, particularly in key metros like Raleigh. Chief Economist Danielle Hale attributes the robust demand to rising mortgage rates and increased rental prices.
News Corporation reported fiscal 2022 first quarter revenues of $2.50 billion, an 18% increase year-over-year, driven by strong performances in various segments. Net income rose to $267 million from $47 million, resulting in reported EPS of $0.33 compared to $0.06 in the prior year. Digital Real Estate Services segment saw a 47% revenue growth, while Dow Jones achieved record profitability. A $1 billion stock repurchase program was announced, reflecting confidence in sustained growth.
Rental prices in major U.S. tech cities surged, with September 2021 rents exceeding March 2020 levels by an average of 6.3%, according to Realtor.com®. Nationally, rents increased by 13.6% year-over-year for the second consecutive month. Cities like Austin saw remarkable increases, with rents up 22.3%. The national median rent reached a record $1,654. Despite the upward trend, experts suggest a potential cooling in rent growth during winter, as competition grows and seasonality returns.
News Corp will announce its first quarter Fiscal 2022 results on November 4, 2021, at 5:00 p.m. EDT. The company's CEO, Robert Thomson, and CFO, Susan Panuccio, will lead a call to discuss these results, with a live audio webcast available. Participants can join via phone or online, and a replay will be offered shortly after the call. News Corp is a diversified media and information services company, operating mainly in the U.S., Australia, and the U.K., providing digital real estate, subscription video services, news, and publishing.
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