News Corporation (NWS)
Murdoch's News Corp to sell Foxtel to Britain's DAZN
Rupert Murdoch's News Corp said on Monday it would sell its Australian cable TV and streaming unit Foxtel to British over-the-top sports streaming and entertainment platform, DAZN for A$3.4 billion ($2.13 billion), including debt.
News Corp. Defeats Shareholder Push To Ditch Super Voting Stock Amid Succession Jitters
News Corp. has defeated a shareholder proposal to adopt a recapitalization plan to eliminate News Corp's dual-class capital structure that includes regular shares and super-voting share, most of which are owned by the Murdoch family.
Murdoch family retains majority control of News Corp after shareholder vote
Activist investor Starboard Value had challenged ownership structure, as Murdoch family controls 41% of company votes
News Corp says investors reject proposal to end dual class voting structure
News Corp said on Wednesday that investors rejected a proposal by activist investor Starboard Value to break the Murdoch family's grip on the publisher by ending a dual class voting structure.
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.
