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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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According to Realtor.com®'s Monthly Rental Report, buying a starter home is now cheaper than renting in 24 of the 50 largest U.S. metros. Notably, Birmingham, AL, leads with a 33.1% cost difference. Rents surged by 9.8% year-over-year, with median monthly rents reaching $1,802 for two-bedrooms. First-time homebuying appears advantageous, with monthly starter home payments averaging 15.5% lower than rents in nearly half the major markets, despite rising home prices and limited inventory. Key metros for affordable buying include St. Louis, Pittsburgh, and Orlando.

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The 2021 Hottest ZIPs in America report reveals that homes in the top 10 ZIP codes are selling three times faster than last year, with an average of just six days on the market. Key factors driving demand include affordable prices, ample space, and proximity to amenities. The median asking price in the top 10 is significantly lower than national averages, with ZIP 80916 in East Colorado Springs listed at $318,000. The report highlights increasing millennial homeownership rates in suburban areas, showcasing opportunities for buyers seeking value and space.

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The July housing market saw a positive shift for first-time buyers as new listings rose for the fourth consecutive month, reflecting a growing inventory of smaller homes. Although overall homes for sale declined 33.5% year-over-year, the rate of decline is decreasing. The U.S. median listing price remained stable at $385,000, up 10.3% year-over-year, but price moderation is noted due to more affordable options entering the market. The typical home spent 38 days on the market, marking a significant reduction from previous years, indicating a return to more seasonal trends.

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News Corporation reported fiscal year 2021 revenues of $9.36 billion, a 4% increase, with a remarkable 30% growth in Q4. Net income rose to $389 million, reversing a prior year loss of $1.55 billion. Significant gains were noted in Digital Real Estate, Book Publishing, and Dow Jones segments, alongside record digital subscriptions. Foxtel saw a 155% rise in paid streaming subscribers. The company’s cash position improved to $2.2 billion, prompting a focus on buybacks and strategic growth opportunities.

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News Corp has agreed to acquire the Oil Price Information Service (OPIS) and related assets from S&P Global and IHS Markit for $1.150 billion. This acquisition aims to enhance Dow Jones’ Professional Information Business, offering nearly 100% digital and 95% recurring revenue streams with over 50% Adjusted EBITDA margins. OPIS, a leader in energy pricing and analytics, reported expected revenues of $129 million for its current fiscal year. The deal is subject to customary approvals, with an anticipated tax benefit of $180 million.

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The Realtor.com Investor Report reveals that in 19 of the 50 largest U.S. markets, investors are contributing to housing inventory, notably in Atlanta, Dallas, and Baltimore. In April 2021, these areas saw significant increases in homes for sale, counteracting the inventory shortage affecting buyers. Meanwhile, 31 markets, including Phoenix and Charlotte, experienced a decline in inventory as investors bought more homes than they sold. The report highlights that rising home prices and stagnant rents are influencing investor decisions, with Atlanta's median listing price at $392,000 and a significant inventory drop of 63.4% year-over-year.

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News Corp will announce its fourth quarter and full year Fiscal 2021 results on August 5, 2021. CEO Robert Thomson and CFO Susan Panuccio will hold a call at 5:00 p.m. EDT to discuss the findings. Analysts and media can participate via a listen-only line. A live audio webcast will be available on the company's investor site. Replays will be accessible for 10 business days post-call. News Corp operates globally in various media sectors, emphasizing authoritative content creation and distribution.

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The June 2021 Realtor.com® Monthly Rental Report highlights a significant rise in U.S. rental prices, with the median rent hitting $1,575, an 8.1% year-over-year increase. Notably, 44 out of 50 major metros recorded record highs, particularly in Riverside, Memphis, Tampa, and Phoenix, experiencing over 20% growth. The Chief Economist points out that this surge exacerbates the K-shaped recovery from the pandemic, with rents outpacing income growth. Additionally, demand for larger living spaces has led to a notable increase in two-bedroom rents, up 10.2% year-over-year.

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FAQ

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

The current stock price of News Corporation (NWSA) is $27.86 as of December 20, 2024.

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

The market cap of News Corporation (NWSA) is approximately 15.8B.

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

NWSA Rankings

NWSA Stock Data

15.79B
490.70M
0.08%
103.13%
0.96%
Entertainment
Newspapers: Publishing Or Publishing & Printing
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United States of America
NEW YORK