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News Corporation - NWSA STOCK NEWS

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

News Corporation (NWSA) is a global, diversified media and information services company committed to delivering authoritative and engaging content to consumers worldwide. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom. The company encompasses a wide range of businesses across various media sectors, including news and information services, digital real estate services, book publishing, digital education, sports programming, and pay-TV distribution.

News Corp’s media properties include prominent names like The Wall Street Journal, Barron's, New York Post, The Times, The Sun, The Australian, Herald Sun, and The Daily Telegraph. In the Australian subscription video market, News Corp holds a significant stake through its 65%-owned Foxtel, alongside streaming platforms such as Kayo, which focuses on sports, and Binge, which offers general entertainment content.

The company also boasts a strong presence in the digital real estate market, primarily through its 61%-owned REA Group, which dominates property listings in Australia. Additionally, News Corp owns HarperCollins, one of the world’s largest book publishers, and Move, Inc., a leading digital property advertising business in the United States.

News Corp is continually advancing its technological and content delivery capabilities, exemplified by recent achievements like the AI-powered Dow Jones Integrity Check platform. This innovative tool streamlines compliance workflows and enhances due diligence through advanced AI and automation, reflecting the company’s commitment to leveraging technology for improved service delivery.

Recent news highlights include a new analysis from Realtor.com® indicating that April 14-20, 2024, is the optimal week to sell a home in the U.S., key insights into the top housing markets for electric vehicle owners, and significant developments in Dow Jones's AI-powered compliance tools. These initiatives underscore News Corp’s dedication to providing valuable, timely information and services to its diverse audience.

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Realtor.com® has unveiled its 2022 Hottest ZIP Codes, with New England dominating the list. Homes in these areas sold in an average of just 8 days, attracting nearly 4 times more buyer views than typical listings. The report highlights Nashua, NH, and Brighton, NY, as top contenders. New insights, called 'Hot Market Insights', will assist buyers in understanding local markets and competition. Factors driving demand include affordability and proximity to major cities. The average asking price in the hottest ZIPs is 4% lower than the U.S. median, reflecting buyer preferences for value amidst rising costs.

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In July 2022, U.S. active home listings surged by 30.7% year-over-year, marking the third consecutive month of record growth. Despite this increase, the housing market remains largely in sellers' favor due to near-record high listing prices, with a median listing price of $449,000, reflecting a 16.6% annual rise. New listings declined by 2.8% from the prior year.

Softening buyer interest, driven by elevated mortgage rates, has prompted sellers to reconsider their market strategies. However, demand from out-of-state buyers persists, indicating ongoing competition.

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News Corporation reported record fiscal 2022 results with revenues of $10.39 billion, a 95% increase in net income to $760 million, and a segment EBITDA of $1.67 billion, up 31%. The fourth quarter witnessed a 7% revenue increase to $2.67 billion and net income of $127 million, compared to a loss in the previous year. Digital Real Estate Services revenues grew 25%, aided by acquisitions, while News Media segment EBITDA jumped to $217 million. A dividend of $0.10 per share has been declared, payable on October 12, 2022.

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Realtor.com has launched a new buying power tool aimed at helping home shoppers filter listings based on affordability. This innovative feature allows users to categorize homes as 'affordable,' 'a stretch,' 'difficult,' or 'out of reach' by inputting their financial details, current mortgage rates, and associated costs. Surveys indicate that 68% of shoppers are surprised by their affordability, with many unaware of hidden costs like taxes and HOA fees. This tool empowers buyers to make informed decisions amidst rising interest rates and increases transparency in the home-buying process.

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News Corp will announce its fourth quarter and full year Fiscal 2022 results on August 8, 2022. CEO Robert Thomson and CFO Susan Panuccio will discuss the results during a call at 5:00 p.m. EDT. Analysts and media can join the call on a listen-only basis. A live audio webcast will be available on the company’s investor relations website. Participants can access the call by phone using specific numbers for U.S. and non-U.S. callers. A replay will be accessible three hours post-call for ten business days. Further details are available on the investor website.

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In June 2022, the U.S. median rental price reached $1,876, a 14.1% increase year-over-year, while starter homeownership costs surged to an average of 29.9% ($561) above rents. This widening gap of 25.5 percentage points from January to June highlights the impact of higher mortgage rates, which increased over two percentage points in the same period. An analysis indicates that more than 75% of the largest U.S. metros favored renting over buying, with significant disparities in major tech cities. The trend underscores a shift in housing affordability, favoring renters over first-time buyers.

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Private Equity News has unveiled a brand refresh and published its annual list of "The Rising Stars of Private Equity" recognizing 25 young professionals excelling in the European private equity sector. Despite challenging economic conditions, many nominees received promotions and increased responsibilities. The publication offers a revamped digital experience and a new monthly format, doubling its size. This recognition highlights significant achievements within the private equity community and is considered a prestigious accolade.

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In June 2022, U.S. active home inventory rose by 18.7% year-over-year, reaching its highest historical increase. The national median listing price also hit a record high of $450,000, up 16.9% from last year. New listings surged by 4.5%, driven by sellers entering the market at pre-COVID levels. The share of larger homes (over 1,750 sq. ft.) in new listings increased, contributing to higher overall asking prices despite cooling demand. Pending listings, however, fell by 16.3%, indicating a slowdown in home sales.

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The U.S. median rental price reached a record high of $1,849 in May 2022, marking a 26.6% increase since 2019. Despite a 15.5% year-over-year growth in rents for the tenth consecutive month, this rise is the smallest since September 2021, suggesting a potential cooling trend. Notably, rental markets in Miami and Orlando experienced significant spikes of 45.8% and 28.4%, respectively. The report highlights a concerning affordability challenge as rising inflation continues to strain renters' finances.

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Realtor.com® has updated its 2022 housing forecast, expecting a 15.0% increase in existing home inventory due to a deceleration in buyer demand, with home sales projected to drop by 6.7% compared to 2021. Rising inflation and mortgage rates, now averaging 5.5%, are impacting affordability as home prices are expected to rise by 6.6%, more than double the original forecast. Despite these challenges, the market may provide buyers opportunities later in the year as inventory rebounds.

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FAQ

What is the current stock price of News Corporation (NWSA)?

The current stock price of News Corporation (NWSA) is $28.25 as of December 24, 2024.

What is the market cap of News Corporation (NWSA)?

The market cap of News Corporation (NWSA) is approximately 16.0B.

What is News Corporation (NWSA)?

News Corporation (NWSA) is a global media and information services company offering news, digital real estate services, book publishing, digital education, sports programming, and pay-TV distribution.

Where is News Corporation headquartered?

News Corporation is headquartered in New York, United States.

What are some of the key properties owned by News Corporation?

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

What is the significance of News Corp’s REA Group?

News Corp’s REA Group, in which it holds a 61% stake, is the leading property listings business in Australia, playing a significant role in the digital real estate market.

What recent technological advancements has News Corp introduced?

Recent advancements include the launch of the AI-powered Dow Jones Integrity Check platform, which streamlines compliance workflows and enhances due diligence processes.

What are some recent news highlights related to News Corporation?

Recent highlights include analysis from Realtor.com® on the best week to sell a home in 2024, insights into top housing markets for EV owners, and developments in AI-powered compliance tools by Dow Jones.

How does News Corp contribute to the sports programming and pay-TV sectors?

News Corp contributes through its 65%-owned Foxtel and streaming platforms like Kayo (focused on sports) and Binge (focused on entertainment).

What digital education services does News Corp provide?

News Corp offers digital education services through various platforms, focusing on delivering engaging and authoritative educational content.

What role does HarperCollins play within News Corporation?

HarperCollins, one of the world’s largest book publishers, is a key component of News Corp, offering a wide range of books across various genres and markets.

How does News Corp ensure it remains a leader in the media industry?

News Corp remains a leader by continuously innovating its content delivery methods, leveraging advanced technologies, and maintaining a strong portfolio of influential media properties.

News Corporation

Nasdaq:NWSA

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NWSA Stock Data

16.05B
490.70M
0.08%
103.13%
0.96%
Entertainment
Newspapers: Publishing Or Publishing & Printing
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United States of America
NEW YORK