News Corp’s Q1 profits tell a winning story
News Corporation (ASX:NWS) reported its first-quarter results for fiscal 2025, showcasing record-breaking revenue and profit growth.
Read MoreNews Corporation (ASX:NWS) reported its first-quarter results for fiscal 2025, showcasing record-breaking revenue and profit growth.
Read MoreNews Corp has acknowledged receipt of a letter from the activist shareholder group, Starboard Value, but immediately rejected its claims that the company's current control structure—dominated by the Murdoch family via a voting/non-voting share structure—is problematic.
Read MoreAmerican home sales hit a 30-year low, delivering bad news for News Corp and its 61% owned Australian US property listings REA Group.
Read MoreFund Manager Chris Pedersen discusses bank reporting, Telstra, News Corp and Mirvac Group.
Read MoreA massive New York property deal has sketched the likely future shape of News Corporation and Fox Corporation, the key companies in the Murdoch family’s media empire.
Read MoreUS market talk has it that Rupert Murdoch is exploring a recombination of Fox Corp and News Corp just over 9 years after he engineered the split in the family empire.
Read MoreNews Corp has reportedly lost its most experienced real estate executive, with Tracey Fellows, the head of Move – the company’s US version of REA Group – set to leave.
Read MoreThe Buy rating and $42.50 target are unchanged.
Read MoreThe broker raises FY22-24 EPS forecasts by 34%, 12% and 11%, respectively, which lifts the price target to $42.5 from $41.50.
Read MoreThe Outperform rating and $40 price target are unchanged.
Read MoreA two-day powwow is planned at Foxtel this week, ostensibly to discuss the company’s strategy moving forward. But the bigger question remains: Will News Corp float it or keep it?
Read MoreRupert Murdoch’s News Corp has announced a $US1 billion program that will include the B Class voting shares, but will sterilise the existing stake of the family in the voting shares.
Read MoreAfter 2020’s jobs purge in Australia, are more cost cuts coming at News Corp globally as the company’s revamp of its back offices and other shared services accelerates?
Read MoreYesterday News Corp revealed a surprise $US750 million) debt raising that will mature in 2030 – when boss Rupert Murdoch will be 99 years of age.
Read MoreAfter years of gloom and doom, suddenly it’s all sunny in the Garden of Murdoch with the past five days seeing three deals announced worth more than a billion Aussie dollars.
Read MoreSecond quarter results were materially ahead of UBS estimates. UBS plans to review its forecasts and retains its Buy rating and $29 target.
Read MoreNews Corp owns 61.6% of the separately listed REA Group ((REA)). Looking at REA’s last share price and News Corp’s B class last share price, UBS estimates REA makes up about 71-79% of News Corp’s market value (versus the peak of 88% on June 22).
Read MoreCredit Suisse observes trends have been improving over the fourth quarter, with better listings at REA Group ((REA)) and data on the US advertising market.
Read MoreThe Murdoch clan’s News Corp is being battered by the impact of the COVID-19 pandemic and measures governments in the US, UK and Australia have adopted to control the virus and limit infections and deaths.
Read MoreUBS updates forecasts to account for the first quarter. First-quarter operating earnings (EBITDA) fell -38% to $221m, well below forecasts. The company highlighted a particularly sluggish Australian economy and property market.
Read MoreNews Corp is reviewing its strategic options for News America Marketing, including a potential sale. Revenue has been under pressure in recent years, declining -6% in FY18. The business provides a range of marketing solutions to advertisers.
Read MoreCredit Suisse expects an increase in operating earnings (EBITDA) when third quarter results are released on May 10. This will be driven by the consolidation of Foxtel.
Read MoreMacquarie assesses the outlook for News Corp ahead of the third quarter result on May 9. A weaker Australian housing market, Brexit and the launch of Kayo by Foxtel are likely to have a negative impact.
Read MoreNews Corp’s Q2 report was better-than-expected, on underlying assessment, with growth at REA Group ((REA)) expected to slow, but Citi analysts consider this a temporary revenue dip only. The Q2 result was heavily dominated by full consolidation of Foxtel, point out the analysts.
Read MoreThe Murdoch family’s News Corp has extended its poison pill defence for another three years. A statement filed with the US Securities and Exchange Commission on Monday night, Sydney time said the defence was due to expire yesterday, June 18, and has now been extended to June 18, 2021.
Read MoreNews Corp is undergoing its most radical change since the split of June 2013 as digital subscriptions in newspaper and from the newly merged Foxtel/Fox Sports business becomes the most important revenue and profit driver, supported by the company’s growing digital real estate operations in Australia and the US.
Read MoreA lot of action around News Corp over night and this morning as the anti takeover poison pill protection was extended for three years, a 10 cents a share semi annual dividend was revealed, job cuts announced at the Wall Street Journal and a change in senior management in Australia.
Read MoreDon’t look at the 6.25% jump in the price of News Corp (NWS) shares in Australia yesterday to a closing price of $A18.08 – look at the performance in the US market where there are far more investors interested in the stock.
Read MoreThe strong result we reported this week from REA Group, 62% owned by News Corp, plus a full three months contribution from Fox Sports Australia, helped turn the December quarter results for Rupert Murdoch’s other company from a nasty slide, into a merely hiccup caused mostly by another poor quarter for the group’s struggling Australian newspapers.
Read MoreIt’s no wonder that News Corp (NWS) were sold off after the company yesterday reported its first ever first quarter trading report as a company separate to the other businesses of the Murdoch empire in 21st Century Fox (which reported last week).
Read MoreRupert Murdoch’s News Corp (NWS) finally produced its 2012-13 results early Saturday morning our time with a quiet filing with the US Securities and Exchange Commission, which will be released to the ASX first thing this morning.
Read MoreNews Corporation is on its way to separating itself into two companies from June 28, with the one centred on Australia to be left behind as the rest of the group grows more rapidly in the growth markets of media content and production.
Read MoreRupert Murdoch’s News Corp saw earnings growth slow to just 6% in the second quarter, according to the company’s latest report this morning.
Read MoreNow we know what Rupert Murdoch plans to do with the billions of dollars in cash sitting on his balance sheet… try and buy back the farm in the shape of a rejected 12 billion pound bid for BSkyB.
Read MoreNews Corp’s third quarter results were boosted by Avatar and another strong showing by the group’s cable business, but investors were not all that impressed.
Read MoreBuried in the News Corp second quarter and first half result was yet another surprise. A higher dividend.
Read MoreRupert Murdoch mumbled a few words about how things seem to be changing for the better and up surges the News Corp share price, as investors forgot what a rotten track record Mr Murdoch has in forecasting.
Read MoreTough times continue for some of the world’s biggest media companies.
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