News Corp apologises and pays Prince Harry over phone hacking but denies 'illegality'
Sun newspaper owner News Corp (NASDAQ:NWSA) has issued a grovelling apology to Prince Harry in their long-running legal action over the hacking of the Royal's private phone. In a statement, the Rupert Murdoch-controlled and US-listed Newscorp (NGN) said: “NGN offers a full and unequivocal apology to the Duke of Sussex for the serious intrusion by The Sun between 1996 and 2011 into his private life, including incidents of unlawful activities carried out by private investigators working for The Sun.
News Corp. initiated with a Buy at Citi
Citi analyst Jason Bazinet initiated coverage of News Corp. with a Buy rating and $36 price target. Over the next 24 months, the firm expects management to increase the ownership of REA from 61% to 80% and spin-off REA to News Corp's shareholders. Collectively, these levers could unlock $22 of share value, the analyst tells investors in a research note. At prevailing share levels, Citi sees $2 of downside and $22 of upside, a favorable risk/reward.
News Corp. (NWSA) is a Top-Ranked Growth Stock: Should You Buy?
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News Corp Offloads Foxtel Subscription TV and Streaming Service
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).
Here's Why News Corp. (NWSA) is a Strong Growth Stock
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Rupert Murdoch reportedly fails in bid to cede control to Lachlan
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.
Here's Why News Corp. (NWSA) is a Strong Momentum Stock
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Why News Corp. (NWSA) is a Top Growth Stock for the Long-Term
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News Corporation Q1 Earnings Beat Estimates, Revenues Rise Y/Y
NWSA's first-quarter fiscal 2025 results reflect growth in the Digital Real Estate Services, Book Publishing and Dow Jones segments.
News Corp posts record Q1 revenue to beat Wall Street estimates
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) Beats Q1 Earnings and Revenue Estimates
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.
