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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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News Corp has successfully acquired the Books & Media segment of Houghton Mifflin Harcourt for $349 million in cash. This acquisition will be managed by HarperCollins Publishers, enhancing their offerings with over 7,000 titles in the backlist and significant frontlist assets, particularly in lifestyle and children’s segments. Notable titles include 1984 and The Hobbit. The deal positions HarperCollins to better serve a global audience and adds to its growing audiobook business, following a 19% revenue growth in the last quarter.

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News Corporation (Nasdaq: NWS, NWSA) reported a strong fiscal Q3 2021, with total revenues of $2.34 billion, up 3% year-over-year. Notably, net income reached $96 million, a significant turnaround from a $1 billion loss in the prior year. The Company highlighted a 23% increase in profitability, driven by growth in Digital Real Estate Services, Dow Jones, and Book Publishing, which collectively saw Segment EBITDA growth of 55%. Furthermore, historic agreements with Google and Facebook are expected to reshape the media landscape positively.

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News Corp has completed the acquisition of Investor's Business Daily (IBD) from O'Neil Capital Management. This profitable and rapidly growing financial news business will be operated under Dow Jones, a subsidiary of News Corp. With around 130 employees, IBD is expected to enhance Dow Jones's offerings, leveraging its digital platform that has seen substantial growth in subscriptions and traffic. The acquisition aligns with News Corp's strategy to strengthen its position in the business and finance media sector, providing additional value to readers and investors.

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The Paley Center for Media has announced its upcoming event, Pop Culture and the Power of Reality TV with Andy Cohen, in collaboration with The New York Post. Scheduled for May 3 at 10:00 am ET, the discussion will feature influential figures from the reality TV landscape, including Cohen and stars from The Real Housewives of New York City. The event aims to explore the cultural impact of unscripted television. The Real Housewives franchise itself is set to return on May 4 at 9:00 pm on Bravo.

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The April 2021 realtor.com® Monthly Housing Trends Report reveals a surge in new sellers, with listings increasing by 32.6% year-over-year. However, total listings are still nearly 26% lower than pre-pandemic levels, exacerbating competition and driving the median U.S. home price up by 17.2% to an all-time high of $375,000.

Homes are selling faster, averaging 43 days on the market, nearly three weeks quicker than typical rates from 2017 to 2019. Despite an expected increase in listings, a significant inventory shortage could keep prices rising, with a predicted peak around July or August 2021.

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News Corp will release its third quarter Fiscal 2021 results on May 6, 2021. Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio will host a conference call with analysts at 5:00 p.m. EDT. A live audio webcast will be accessible on their investor relations page. For those unable to attend live, a replay will be available shortly after the call concludes. News Corp operates in various media sectors, including digital real estate and subscription video services, and is headquartered in New York.

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According to realtor.com's analysis, listing a home between April 18-24, 2021, could lead to significantly higher prices and faster sales. Homes listed during this period are projected to sell for an average of 10.4% more than the start of the year and 2% higher than the average week. Buyer interest is expected to be robust, with listings getting 11% more views. Additionally, competition will be lower, potentially translating to faster sales—14.1% quicker than average. Rising mortgage rates and increased inventory later this year could dampen current seller advantages.

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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 $30.7 as of December 20, 2024.

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

The market cap of News Corporation Class B (NWS) is approximately 17.3B.

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

17.34B
490.70M
40.93%
45.17%
0.65%
Entertainment
Newspapers: Publishing Or Publishing & Printing
Link
United States of America
NEW YORK