News Corporation - NWSA STOCK NEWS

News Corp announced that CEO Robert Thomson will speak at the Morgan Stanley Technology, Media & Telecom Conference on March 10, 2022, starting at 8:00 AM PST. Investors and interested parties can access the live webcast via the News Corp website. A replay will be available post-conference. News Corp, listed under NWS and NWSA, is a global media and information services company, operating primarily in the US, Australia, and the UK.

Realtor.com® reported that the U.S. median home listing price reached an all-time high of $392,000 in February 2022, reflecting a 12.9% year-over-year increase. This early surge in home prices, particularly in metros like Las Vegas and Miami, indicates heightened competition ahead of the typical Spring buying season. Despite a 24.5% annual decline in active listings, new listings showed signs of improvement. However, rising mortgage rates may impact buyer affordability moving forward.

News Corp has successfully completed the acquisition of Oil Price Information Service (OPIS) for $1.150 billion, strengthening its Dow Jones division in the energy and commodities sectors. This deal is expected to yield an estimated tax benefit of $180 million. OPIS provides critical data and insights within the oil and gas industries, enhancing Dow Jones' offerings in renewables and carbon benchmarking. The acquisition aligns with News Corp's strategy to invest in premium data analytics and expand its market presence.

New data from Realtor.com's Monthly Rental Report indicates that renting is becoming increasingly expensive, with a 19.8% year-over-year increase in the U.S. median rental price to $1,789 in January. In contrast, in 26 of the 50 largest metros, the monthly cost of buying a starter home is 20.6% lower than renting. Birmingham, Cleveland, and Pittsburgh lead in affordability for first-time buyers. However, rising mortgage rates and limited inventory in competitive housing markets continue to challenge potential buyers.

News Corporation (NWS, NWSA) announced a private offering of $500 million in Senior Notes due 2032, with a 5.125% interest rate payable semi-annually. The sale, set to close on February 11, 2022, aims to fund acquisitions of Base Chemicals and Oil Price Information Service from S&P Global and IHS Markit. The offering is made under the Securities Act exemptions for qualified institutional buyers and non-U.S. persons. The Notes will not be registered under the Securities Act, restricting sales within the U.S.

News Corporation has announced a private offering of $500 million aggregate principal amount of Senior Notes due 2032. The proceeds will mainly be used for general corporate purposes, including acquisitions of the Base Chemicals and Oil Price Information Service businesses from S&P Global Inc. and IHS Markit Ltd. This offering will be conducted under exemptions of the Securities Act of 1933, aimed at qualified institutional buyers and non-U.S. persons. The Notes will not be registered under the Securities Act.

In January 2022, the U.S. housing market experienced its fastest-selling month on record, with homes selling in an average of 61 days, a decrease of 10 days from January 2021. Active listings dropped by 28.4% year-over-year, continuing a four-month trend of declining inventory. Despite rising buyer activity, new listings fell by 9.1%, indicating seller hesitation due to factors like Omicron uncertainties. The median listing price reached $375,000, up 10.3% year-over-year, fueled by strong demand amid limited supply.