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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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Dow Jones and Infosys announce the launch of enhanced WSJ Preference Center to provide users with personalized digital experiences. The new tools offer customization options to improve relevance and surface insights users don't want to miss.
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Realtor.com survey reveals that 40% of potential homebuyers are waiting for mortgage rates to drop below 6%, with Millennials and Gen Z showing more flexibility. Lower interest rates are crucial for homebuyers, with each half percent drop saving $1,400 yearly. Millennials and Gen Z are more positive about buying a home compared to Gen X and Boomers.
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The Realtor.com® Avail Landlord & Renter Survey reveals that fewer independent landlords are planning to raise rents this year, but tenants paying persistently higher rents say it's likely to impact their home purchasing plans. The median asking rent in 2024 is expected to drop only slightly below its 2023 level (-0.2%), but with wages rising 4.5% in January, even the modest decline in rent is giving households a real break, reducing the share of each paycheck going toward rent.
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News Corporation (Nasdaq: NWS) reported second quarter revenues of $2.59 billion, a 3% increase from the prior year, with net income rising to $183 million from $94 million. The Digital Real Estate Services, Dow Jones, and Book Publishing segments drove revenue growth, while adjusted EPS increased to $0.26 from $0.14 in the prior year. Despite a 3% decline in News Media segment revenues, the company achieved record quarterly revenues in various segments, including a 22% increase at REA Group and a 67% increase in Book Publishing segment EBITDA.
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The January Housing Report by Realtor.com® revealed a 7.9% increase in active listings compared to last year, with a 2.8% rise in newly listed homes for sale. Median listing prices grew by 1.4%, and time spent on the market dropped by over two weeks. Some metros like Denver, Seattle, and Miami saw significant growth in new listings, while others like Chicago, New Orleans, and Philadelphia experienced declines. The report also highlighted a slight increase in listing prices and higher mortgage rates compared to the previous year.
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Webull, a leading online broker, has partnered with Dow Jones to provide curated content from The Wall Street Journal to its users, aiming to drive greater financial literacy among retail investors. The partnership offers access to trusted journalism to help users make better financial decisions with greater confidence. This initiative addresses the key barrier of financial literacy in investing, especially for younger retail investors.
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The U.S. rental market saw a significant shift in 2023, with eight consecutive months of year-over-year price declines, despite being up from pre-pandemic levels. The median asking rent for 0-2 bedroom properties in the 50 largest metros dipped to $1,713, down $7 (-0.4%) from the prior December and down $63 (-3.5%) from its July 2022 peak. Median rents declined across all unit sizes, with the most significant declines in Western metros. However, rents in populous Northeastern metros such as New York and Boston continued to experience faster growth. The new methodology for capturing and reporting rental listing trends is expected to yield a cleaner, more representative, and more consistent measurement of rental listings and trends at both the national and local level.
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News Corp will release its second quarter Fiscal 2024 results on February 7, 2024. CEO Robert Thomson and CFO Susan Panuccio will discuss the results via a live audio webcast. The webcast will be available for replay and the earnings release will be distributed prior to the call.
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News Corp (NWSA) appoints Arthur Bochner as Chief Communications Officer and Executive Vice President following the retirement of Jim Kennedy. Bochner brings extensive experience from The Walt Disney Company and other major corporations. Kennedy's retirement was announced last October after five decades of service in Washington, Hollywood, and New York.
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Realtor.com® reveals the Best Markets for First-Time Homebuyers in 2024, with small and mid-size towns proving to be the hottest options for buyers. Among the top 10 markets are Irondequoit, N.Y.; Benton, Ark.; Winterset, Iowa; Newington, Conn.; Council Bluffs, Iowa; Cheektowaga, N.Y.; Grand Rapids, Mich.; Moore, Okla.; Mattydale, N.Y. and Riviera Beach, Md. The analysis emphasizes affordability, growth potential, and available options for first-time homebuyers, with a focus on areas with lower than average commute times, forecasted price growth, and good company of similar-aged peers. Chief Economist Danielle Hale highlights the optimism of first-time homebuyers, with 61% indicating that now is a good time to buy, despite challenges in the market.
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FAQ

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

The current stock price of News Corporation (NWSA) is $28.62 as of November 15, 2024.

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

The market cap of News Corporation (NWSA) is approximately 16.5B.

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

16.54B
379.37M
0.08%
102.54%
1.32%
Entertainment
Newspapers: Publishing Or Publishing & Printing
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United States of America
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