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News Corp (NWSA) shares gained Monday when Rupert Murdoch's media company and Australian telecom company Telstra agreed to sell their interest in subscription TV and streaming service Foxtel to sports streaming service DAZN Group for an enterprise value of 3.4 billion Australian dollars ($2.12 billion).
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Rupert Murdoch has failed in his bid to alter his family trust to ensure control of his media empire passes solely to his son Lachlan, according to a sealed court decision cited by the New York Times. Nevada commissioner Edmund Gorman ruled that Rupert and Lachlan Murdoch acted in "bad faith" in attempting to amend the irrevocable trust.
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NWSA's first-quarter fiscal 2025 results reflect growth in the Digital Real Estate Services, Book Publishing and Dow Jones segments.
News Corp posted record first-quarter revenue driven by growth at its digital real estate services, book publishing and Dow Jones segments, blowing past Wall Street estimates, the company said Thursday.
News Corp. (NWSA) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.16 per share a year ago.
NWSA's first-quarter fiscal 2025 performance is expected to have benefited from expanding OpenAI and REA offerings, offset by challenging macroeconomic factors.
[Note: News Corp Fiscal 2024 Ended in June]
News Corporation's (NWSA) fourth-quarter fiscal 2024 results reflect growth in the Digital Real Estate Services, Book Publishing and Dow Jones segments.