Activist Irenic backs Starboard's push to end News Corp's dual-class structure
Activist investor Irenic said it would back fellow dissident Starboard Value's push to collapse News Corp's dual class share structure. Irenic previously pushed to block a considered merger between Rupert Murdoch's two companies, Fox and News Corp.
Perplexity CEO Proposes Revenue Deals for Publishers After Lawsuit
Wall Street Journal parent Dow Jones sued the AI startup this week, alleging copyright infringement.
Wall Street Journal, New York Post Sue Jeff Bezos-Backed Perplexity As AI Battles Rage
Dow Jones & Co., parent of the Wall Street Journal, and the New York Post, both owned by News Corp., sued the Jeff Bezos-backed generative AI startup Perplexity for copyright infringement, the latest in a stream of lawsuits around artificial intelligence that have met with varying degrees of success.
NY Post, Wall Street Journal sue Jeff Bezos-backed Perplexity AI for ripping off content
NYP Holdings, Inc. and Dow Jones, subsidiaries of News Corp, jointly filed the lawsuit against Perplexity AI in Manhattan federal court on Monday.
News Corp would lose $9M over nixing ‘clunky' Google advertising tools, former exec testifies
News Corp considered ditching Google's advertising products in 2017 – but decided against it after determining it would cost the company at least $9 million in lost revenue, a former executive at The Post's publisher testified Tuesday.
Starboard moves to collapse News Corp's dual class stock in challenge to Rupert Murdoch
Starboard moves to collapse News Corp's dual class stock in challenge to Rupert Murdoch
Exclusive: Starboard files proposal at News Corp, seeks to break Murdoch's grip
Hedge fund Starboard Value has filed a shareholder resolution to do away with the dual-class shares that allow Rupert Murdoch to control News Corp , the publisher of the Wall Street Journal, according to people familiar with the matter.
News Corporation: Positive News Serves As A Catalyst For A Downgrade
News Corporation shares rose 3% after Q4 financial results. Revenue and adjusted earnings per share beat forecasts, but some results were mixed at the segment level. Despite overall positive performance, further market-beating upside from here is unlikely.
News Corp beats revenue estimates as digital subscriptions grow
Revenue in the quarter jumped 6% to $2.58 billion, compared to $2.43 billion a year earlier.
Australian TV company Foxtel put up for sale by News Corp
Australian pay television company Foxtel, controlled by the Murdoch family and partly by local telecom firm Telstra , has been put up for sale post third-party interest and a strategic review, owner News Corp said on Thursday.
News Corp beats quarterly revenue estimates
Media conglomerate News Corp beat Wall Street estimates for fourth-quarter revenue on Thursday, helped by digital subscription growth at it business information unit Dow Jones.
News Corp. And OpenAI Announce Content Deal
News Corp. and OpenAI have reached an multi-year agreement to provide content for use in artificial intelligence. The deal is the latest that OpenAI has reached with news publishers, even as it defends itself from lawsuits filed by other content creators over the use of their work in training models.
