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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's 2024 Forecast Update predicts positive year-over-year gains for home price growth and inventory. Key points include:

1. For-sale inventory is expected to increase by 14.5% year-over-year, a significant revision from the initial forecast of a 14% decline.

2. Existing home median sales price is projected to rise by 4.6% year-over-year, despite high mortgage rates and longer market times.

3. Mortgage rates are forecasted to average 6.7% throughout the year, ending at 6.3%.

4. Annual home sales are expected to see a modest 0.8% increase to 4.1 million units.

5. The forecast reflects a resilient U.S. economy and an undersupplied housing market, with only 12 of the 50 largest markets back to or above pre-pandemic inventory levels.

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News (NWS) reported its fiscal 2024 fourth quarter and full year results, showing a 6% increase in quarter revenues to $2.58 billion, driven by Digital Real Estate Services and Book Publishing. Net income improved to $71 million from a loss of $32 million in the prior year. Total Segment EBITDA rose to $380 million, an 11% increase. Adjusted EPS for the quarter were $0.17, up from $0.14.

For the full year, revenues grew 2% to $10.09 billion. Net income surged 89% to $354 million. Total Segment EBITDA increased by 8% to $1.54 billion. The Dow Jones segment saw notable growth in its professional information business. Book Publishing revenues rose 15% in Q4, with digital audiobooks outpacing e-books for the first time.

Foxtel Group achieved a record 3.2 million streaming subscribers. News Corp also announced a multi-year partnership with OpenAI, signaling a future focus on AI in journalism.

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Realtor.com® has released a new report highlighting the Top 10 Most Popular Markets for Online Home Searchers in the U.S. The ranking is based on online traffic data, views per property, and a newly developed regional traffic concentration index. Columbus, Ohio claimed the top spot, followed by Knoxville, Tennessee, and Louisville, Kentucky.

The report reveals a trend towards second cities in the South, Midwest, and Northeast, which offer a mix of affordability and growing inventory. These markets attract both local home shoppers and those considering relocation. Notable findings include:

  • Midwest cities like Columbus and Detroit rank high due to affordability
  • Southern markets such as Knoxville and Tampa offer warm climates and relatively affordable prices
  • Pittsburgh emerged as the most popular Northeast market, appealing to college graduates
  • Charleston, SC and Louisville, KY show the most geographically diverse interest from searchers
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Realtor.com's July 2024 housing report reveals a more buyer-friendly market with rising inventory levels and price cut reductions. Key findings include:

- Active listings grew 36.6% year-over-year, reaching a post-pandemic high
- 18.9% of listings had price cuts, the highest rate since October
- Newly listed homes increased by 3.6% compared to last year
- Median days on market increased to 50 days, 5 days longer than July 2023
- The South and West regions saw the most inventory gains, with 47.6% and 35.4% growth respectively

These trends indicate a healing housing market becoming more balanced, offering buyers more options and potentially setting the stage for increased sales this fall if mortgage rates continue to decline.

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Realtor.com® has released its Top 10 Markets for Renters report, highlighting cities in the South and Midwest as prime destinations for renters. Austin, Texas tops the list, followed by Oklahoma City and Birmingham, Alabama. These markets offer a combination of affordable rental options, economic opportunity, and short commutes.

Key findings include:

  • Average rent-to-income ratio of 21.0% in top markets
  • Average rental vacancy rate of 8.8%, surpassing national averages
  • Average forecasted 2024 unemployment rate of 3.3%
  • Average expected commute time of 25 minutes in 2024

The report emphasizes the importance of rental affordability, availability, economic growth, and quality of life factors in determining the best markets for renters.

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News Corp (NWS) has announced it will release its fourth quarter and full year Fiscal 2024 results on Thursday, August 8, 2024. CEO Robert Thomson and CFO Susan Panuccio will host a live audio webcast at 5:00 p.m. EDT (7:00 a.m. AEST on August 9 in Sydney) to discuss the results. Investors and interested parties can register for the webcast using the provided link. The earnings release will be available on the company's investor relations website prior to the call, and an archived version of the webcast will be accessible afterwards. A replay of the call will also be made available shortly after its conclusion.

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Realtor.com's June Rental Report reveals a 0.4% decline in median asking rent to $1,743, marking the 11th consecutive month of decreases. Despite this trend, rents remain 21.2% ($305) higher than pre-pandemic levels. The South experienced the largest declines, while the Midwest saw increases. Tampa, Florida, led with a 39.5% increase compared to 2019.

Key findings include:

  • All unit sizes saw rent declines, with studios falling 1.2% year-over-year
  • Half of the top 10 markets with highest rent increases since 2019 are in the South
  • Despite recent declines, rents are still significantly higher than pre-pandemic levels in many areas

The report highlights the need for increased rental supply to address affordability concerns and prevent renters from allocating a larger portion of their income to housing costs.

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According to Realtor.com's June housing report, the number of homes for sale surged by 36.7% year-over-year. Median days on the market increased to 45 days, indicating a more buyer-friendly environment. Inventory rises were most significant in Tampa (92.7%), Orlando (81.8%), and Phoenix (77.3%). Despite the increase, inventory remains below pre-pandemic levels. The South and West recorded the highest inventory growth at 48.7% and 36.5%, respectively. List prices rose in the Northeast, Midwest, and West, but fell by 1.9% in the South. The typical home took 45 days to sell, two days longer than the previous year.

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London Stock Exchange Group (LSEG) and Dow Jones have entered a multi-year partnership to integrate data, news, and analytics across their platforms.

Starting July 2, 2024, LSEG Workspace will feature news from Dow Jones brands, including The Wall Street Journal and MarketWatch, available to premium subscribers at no extra cost.

Dow Jones newsrooms will utilize LSEG's data tools, enhancing The Wall Street Journal's deal coverage with over 40 years of data. LSEG will also serve as a primary data source for the WSJ Investment Banking Scorecard.

This collaboration aims to launch an enhanced news experience within LSEG Workspace by early 2025, with tailored content for enterprise clients.

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Dow Jones announced its acquisition of A2i Systems, a leader in AI-powered fuel pricing solutions, on July 2, 2024. A2i will operate as a subsidiary of OPIS within Dow Jones's energy business. The acquisition aims to enhance Dow Jones's AI capabilities, offering advanced predictive technologies and real-time pricing data through A2i's PriceCast platform. This platform is used at over 12,500 fuel sites, EV charging stations, and convenience stores globally. Dow Jones reported revenues of $544 million in its latest earnings, with a 15% growth in its energy business. The acquisition is expected to diversify OPIS's offerings and strengthen its position in the retail sector amid growing market demand for advanced pricing, analysis, and forecasting solutions.

Key executives, including Almar Latour, CEO of Dow Jones, emphasized the acquisition's potential to create immediate value for customers and expand Dow Jones's AI-driven innovations in the energy sector. Brian Crotty, general manager of Dow Jones's energy business, highlighted the strategic importance of the move in capturing the booming EV market. A2i's founder and CEO, Frodi Hammer, expressed confidence in scaling their technology as part of OPIS and the broader Dow Jones organization.

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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

NWSA Rankings

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