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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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News Corp announced that Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal, will speak at the Credit Suisse 24th Annual Communications Conference on June 15, 2022, at 9:30 am ET. The conference will be virtual, and interested parties can access the live webcast through the News Corp website. A replay will be available after the event. News Corp is a diversified media and information services company operating across various sectors, including digital real estate and news services.

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On June 8, 2022, Move, Inc., a subsidiary of News Corp, announced the acquisition of UpNest, a platform connecting home sellers with local real estate agents. This strategic move aims to enhance Realtor.com®'s services by providing more choices for sellers and agents. UpNest has enabled approximately 1 million agent proposals since its launch, showcasing strong market demand. The integration is expected to strengthen Realtor.com's seller strategy and expand its customer base. Financial terms of the deal remain undisclosed.

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News Corp announced significant growth targets for REA Group, aiming for double-digit revenue and EBITDA growth driven by enhanced products and services. The company showcased its leadership with Realestate.com.au, achieving 127 million average monthly visits and highlighted new initiatives like Premiere+ in residential marketing. REA targets leadership in property data and financial services sectors, particularly in India. The Digital Real Estate Services segment generated $1.3 billion, up 32% year-over-year, contributing 33% to News Corp's EBITDA.

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In May 2022, the U.S. housing market showed signs of recovery, with active inventory increasing by 8.0% year-over-year for the first time since June 2019. However, the median national home price surged to a record $447,000, reflecting a 17.6% rise compared to last year. Despite the uptick in inventory, homes sold more quickly, with the average time on the market dropping by a week to 31 days. Key contributors to the changing landscape include rising new listings and moderating buyer demand, although the increase in larger homes continues to keep prices high.

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News Corp has acquired the Base Chemicals business from S&P Global Market Intelligence for $295 million. This acquisition will enhance the Dow Jones energy, chemicals, and sustainability vertical. Base Chemicals generated $65 million in revenue last fiscal year, primarily from digital and recurring sources. The deal is expected to yield a tax benefit of approximately $46 million over 15 years. This strategic move aims to leverage cross-selling opportunities with existing Dow Jones audiences.

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Realtor.com's Avail Quarterly Survey reveals that 66.1% of renters cite rising rents as their primary financial strain, while 76.1% report saving less than last year. In April, the U.S. median rental price reached $1,827, marking a 16.7% increase from 2021, driven by high demand and limited availability. Landlords plan further rent hikes, which may exacerbate affordability challenges. With typical rents expected to exceed $2,000 by August, renters are increasingly considering moves to more affordable options, though choices are limited. Major urban areas, especially in the Sun Belt, saw significant rent increases.

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News Corp, represented by CEO Robert Thomson, is set to participate in the MoffettNathanson 9th Annual Media & Communications Summit on May 18, 2022, starting at 3:00 PM EDT. Interested parties can access the live webcast on the News Corp website, with a replay available afterward. News Corp is a diverse global media company engaged in various sectors, including digital real estate, subscription video services, news, and publishing, operating mainly in the U.S., Australia, and U.K..

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Realtor.com®, on May 11, 2022, announced a significant expansion of its Seller's Marketplace, now featuring new offerings from Flyhomes, Orchard, Reali, and Swift Home Solutions. The platform has experienced a remarkable growth in user traffic, increasing by over 300% year-over-year. This marketplace allows homeowners to compare various selling options with no upfront cost, enhancing their ability to make informed decisions. With this addition, Realtor.com® solidifies its position as a comprehensive resource for home sellers amidst a competitive market.

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In April 2022, the U.S. housing market showed signs of recovery with a minimal decline in active listings of -12.2% year-over-year, the smallest since December 2019. The share of mid-sized homes increased, potentially enhancing options for families looking to upgrade. Despite challenges with high prices and mortgage rates, experts predict possible inventory growth soon. The median home price reached an all-time high of $425,000, up 14.2% year-over-year. However, new listings fell slightly by 0.9%, signaling ongoing market adjustments.

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News Corporation reported record financial results for Q3 Fiscal 2022, with revenues of $2.49 billion, a 7% increase year-over-year. Net income rose 8% to $104 million, while Total Segment EBITDA saw a significant 20% increase to $358 million. The earnings per share (EPS) improved to $0.14, compared to $0.13 the previous year. Notable growth was seen in digital subscriptions and advertising revenues, particularly at Dow Jones, which experienced 16% growth and continued gains in digital subscribers, reflecting a shift towards digital transformation.

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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