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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.

News

Americans Hold on to the Dream of Homeownership

Rhea-AI Summary
Realtor.com survey reveals that 40% of potential homebuyers are waiting for mortgage rates to drop below 6%, with Millennials and Gen Z showing more flexibility. Lower interest rates are crucial for homebuyers, with each half percent drop saving $1,400 yearly. Millennials and Gen Z are more positive about buying a home compared to Gen X and Boomers.
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Realtor.com® Avail Survey Finds Despite Cooling Rental Prices, Homeownership Remains Out of Reach for Many

Rhea-AI Summary
The Realtor.com® Avail Landlord & Renter Survey reveals that fewer independent landlords are planning to raise rents this year, but tenants paying persistently higher rents say it's likely to impact their home purchasing plans. The median asking rent in 2024 is expected to drop only slightly below its 2023 level (-0.2%), but with wages rising 4.5% in January, even the modest decline in rent is giving households a real break, reducing the share of each paycheck going toward rent.
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News Corporation Reports Second Quarter Results for Fiscal 2024

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News Corporation (Nasdaq: NWS) reported second quarter revenues of $2.59 billion, a 3% increase from the prior year, with net income rising to $183 million from $94 million. The Digital Real Estate Services, Dow Jones, and Book Publishing segments drove revenue growth, while adjusted EPS increased to $0.26 from $0.14 in the prior year. Despite a 3% decline in News Media segment revenues, the company achieved record quarterly revenues in various segments, including a 22% increase at REA Group and a 67% increase in Book Publishing segment EBITDA.
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Realtor.com® January Housing Report: January 2024 Marks the Third Consecutive Month of Annual Inventory Growth

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The January Housing Report by Realtor.com® revealed a 7.9% increase in active listings compared to last year, with a 2.8% rise in newly listed homes for sale. Median listing prices grew by 1.4%, and time spent on the market dropped by over two weeks. Some metros like Denver, Seattle, and Miami saw significant growth in new listings, while others like Chicago, New Orleans, and Philadelphia experienced declines. The report also highlighted a slight increase in listing prices and higher mortgage rates compared to the previous year.
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Webull partners with Dow Jones to drive greater financial literacy and empower retail investing decisions

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Webull, a leading online broker, has partnered with Dow Jones to provide curated content from The Wall Street Journal to its users, aiming to drive greater financial literacy among retail investors. The partnership offers access to trusted journalism to help users make better financial decisions with greater confidence. This initiative addresses the key barrier of financial literacy in investing, especially for younger retail investors.
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Realtor.com® December Rental Report: Price Peak Behind Us as Rents Continue to Fall at Year's End

Rhea-AI Summary
The U.S. rental market saw a significant shift in 2023, with eight consecutive months of year-over-year price declines, despite being up from pre-pandemic levels. The median asking rent for 0-2 bedroom properties in the 50 largest metros dipped to $1,713, down $7 (-0.4%) from the prior December and down $63 (-3.5%) from its July 2022 peak. Median rents declined across all unit sizes, with the most significant declines in Western metros. However, rents in populous Northeastern metros such as New York and Boston continued to experience faster growth. The new methodology for capturing and reporting rental listing trends is expected to yield a cleaner, more representative, and more consistent measurement of rental listings and trends at both the national and local level.
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News Corp to Report Fiscal 2024 Second Quarter Earnings

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News Corp will release its second quarter Fiscal 2024 results on February 7, 2024. CEO Robert Thomson and CFO Susan Panuccio will discuss the results via a live audio webcast. The webcast will be available for replay and the earnings release will be distributed prior to the call.
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Arthur Bochner Named Next News Corp Chief Communications Officer

Rhea-AI Summary
News Corp (NWSA) appoints Arthur Bochner as Chief Communications Officer and Executive Vice President following the retirement of Jim Kennedy. Bochner brings extensive experience from The Walt Disney Company and other major corporations. Kennedy's retirement was announced last October after five decades of service in Washington, Hollywood, and New York.
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Realtor.com® Forecasts the 10 Best Markets for First-Time Homebuyers in 2024

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Realtor.com® reveals the Best Markets for First-Time Homebuyers in 2024, with small and mid-size towns proving to be the hottest options for buyers. Among the top 10 markets are Irondequoit, N.Y.; Benton, Ark.; Winterset, Iowa; Newington, Conn.; Council Bluffs, Iowa; Cheektowaga, N.Y.; Grand Rapids, Mich.; Moore, Okla.; Mattydale, N.Y. and Riviera Beach, Md. The analysis emphasizes affordability, growth potential, and available options for first-time homebuyers, with a focus on areas with lower than average commute times, forecasted price growth, and good company of similar-aged peers. Chief Economist Danielle Hale highlights the optimism of first-time homebuyers, with 61% indicating that now is a good time to buy, despite challenges in the market.
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Realtor.com® December Housing Report: Signs Point to Increases in Number of Home Listings and Stable Prices

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Realtor.com® Reports 4.4% Year-Over-Year Growth in Active Home Listings, Indicating a More Active Market - Ticker: REAL
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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.

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News Corporation Class B

Nasdaq:NWS

NWS Rankings

#599 Ranked by Market Cap
#1959 Ranked by Dividends

NWS Stock Data

17.34B
490.70M
40.93%
45.17%
0.65%
Entertainment
Newspapers: Publishing Or Publishing & Printing
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