News Corporation is a global media company that operates across various segments, including news and information services, book publishing, and digital real estate
It is known for its portfolio of prominent newspapers and digital platforms, providing a diverse range of content that includes news reporting, entertainment, and educational materials. The company also engages in property advertising through its online platforms and leverages its extensive media reach to connect audiences with relevant information and services. Through its various subsidiaries, News Corporation plays a significant role in shaping the media landscape and delivering trusted content to consumers worldwide.
Global media and publishing company News Corp (NASDAQNWSA) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 13.5% year on year to $2.24 billion. Its non-GAAP profit of $0.33 per share was 5.7% above analysts’ consensus estimates.
News Corp has been treading water for the past six months, recording a small loss of 0.9% while holding steady at $27.47. The stock also fell short of the S&P 500’s 6.1% gain during that period.
Rupert Murdoch's attempt to favor his eldest son Lachlan in a trust fund shuffle hit a roadblock when Commissioner Edmund J. Gorman Jr. ruled against it.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the media industry, including The New York Times (NYSENYT) and its peers.
Global media and publishing company News Corp (NASDAQNWSA) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3.1% year on year to $2.58 billion. Its non-GAAP profit of $0.21 per share was 24% above analysts’ consensus estimates.
Rupert Murdoch's Dow Jones and the New York Post have filed a lawsuit against Jeff Bezos-backed AI firm Perplexity, accusing it of using their copyrighted content without authorization and redirecting traffic away from their platforms.
Russian forces fight back against Ukraine's ground incursion into Kursk region with missiles, drones, and airstrikes. Thousands of Ukrainian soldiers advanced across the border, occupying a piece of Russian territory. Moscow evacuated 200,000 people and destroyed numerous tanks and vehicles. Control of Russian town Sudzha is uncertain. News organizations covering the war trended upward in Tuesday's trading.
