News Corp. CEO Robert Thomson kicked off the company's third quarter earnings call with a few words about Donald Trump's Liberation Day tariffs, offering a bit of a cheeky take on the across-the-board levies that have sent markets gyrating.
Rupert Murdoch's News Corp on Wednesday said it completed the sale of its Australian cable-TV business Foxtel to British-owned sports network DAZN in a A$3.4 billion ($2.14 billion) deal.
News Corporation's Q2 2025 results exceeded expectations, with revenue rising 4.8% to $2.24 billion and earnings per share increasing to $0.40, driving stock gains. Key growth areas included the Dow Jones segment, Digital Real Estate Services, and Book Publishing, while the News Media segment saw a slight revenue decline. The sale of Foxtel Group to DAZN and partnerships with Microsoft and OpenAI highlight strategic moves to monetize assets and leverage content libraries.
Sports streaming platform DAZN has agreed to buy News Corp's Australian cable TV unit Foxtel for A$3.4 billion ($2 billion) including debt.
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. 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.
Activist investor Starboard Value had challenged ownership structure, as Murdoch family controls 41% of company votes
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 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.
Wall Street Journal parent Dow Jones sued the AI startup this week, alleging copyright infringement.
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.
NYP Holdings, Inc. and Dow Jones, subsidiaries of News Corp, jointly filed the lawsuit against Perplexity AI in Manhattan federal court on Monday.