Core Insights - News Corp considered moving away from Google's advertising products in 2017 but estimated a loss of at least $9 million in revenue if they did so [1][4] - Google's dominance in the digital advertising market has led to a situation where it is essentially the only service used by publishers for ad deals, despite complaints about its tools being "clunky and slow" [2][5] - The Justice Department's antitrust case against Google highlights its control over ad tools and the significant revenue it siphons from the market, estimated at up to 35 cents of every dollar [6] Revenue and Market Share - In 2016, News Corp generated $83.3 million in ad revenue through digital ad tech tools, with $18.4 million coming from advertisers on Google's platform [3] - By the end of 2022, 70% to 80% of News Corp's ad deals were conducted through Google's tools, indicating a heavy reliance on Google's advertising ecosystem [4] Legal Proceedings - The Justice Department is pursuing a breakup of Google's ad tech business, including the divestment of its Ad Manager tool, as part of its antitrust case [7][8] - The trial is expected to last about four weeks, with US District Judge Leonie Brinkema overseeing the proceedings [8]

Rupert Murdoch at his annual party at Spencer House, St James' Place in London. Picture date: Thursday June 22, 2023. Activist investor Starboard Value has moved to dissolve News Corp's dual-class share structure, a challenge to the Murdoch family's control over the Wall Street Journal-parent, according to people familiar with the matter. The push was made via a non-binding shareholder resolution, said the people. News Corp's structure as of September gave Rupert Murdoch control over around 40% of the compa ...

hapabapa/iStock Editorial via Getty Images August 9 ended up being a pretty good day for shareholders of News Corporation (NASDAQ:NWS) (NASDAQ:NWSA). Shares of the company popped up about 3% after management announced financial results covering the final quarter of the company's 2024 fiscal year. While earnings per share fell short of analysts' expectations, both revenue and adjusted earnings per share beat forecasts. But this is not the first time that investors should find themselves feeling good about th ...

News Corp beat Wall Street estimates for fourth-quarter revenue on Thursday, boosted in part by digital subscription growth at its Dow Jones business. The New York-based media giant — which owns The Post, The Wall Street Journal and Dow Jones — said revenue in the quarter ended June 30 jumped 6% to $2.58 billion, compared to $2.43 billion a year earlier. The company credited much of the revenue bump on 4% growth in its Dow Jones division, which includes The Journal, Barron's and Market Watch. turned in a 6% ...

The Top 10 Represent Markets in the South, Northeast and Midwest SANTA CLARA, Calif., Aug. 6, 2024 /PRNewswire/ -- Rizz, Charisma or Clout, whatever you want to call it, a new report by Realtor.com® finds out what markets in the U.S. have that "it" factor. This new report found that of all major U.S. markets, Columbus, Ohio, Knoxville, Tenn, and Louisville, Ky rank one, two and three respectively, in terms of popularity with online searchers in the past year. "With a mix of affordability and growing invento ...

Seattle (37.3%), San Jose (30.8%) and Columbus (17.4%) See Highest Gains in New Listings this July SANTA CLARA, Calif., Aug. 1, 2024 /PRNewswire/ -- According to the Realtor.com® July housing data, the market is becoming more buyer friendly through a combination of rising inventory levels and price cut reductions. Homes actively for sale grew 36.6% in July 2024 relative to the same time last year, hitting a postpandemic high, while the share of listings with price cuts reached 18.9%, the highest rate since ...

WASHINGTON, July 29, 2024 (GLOBE NEWSWIRE) -- Verizon Business, a long-term trusted partner of the National Weather Service (NWS), has been awarded a task order valued at nearly $80 million to transition the NWS's current voice and data services from the Networx contract to the Enterprise Infrastructure Solutions (EIS) vehicle. The transition will help support the NWS's mission-critical work by providing weather, water and climate data, forecasts, warnings and impact-based decision support services. Increas ...

"Over the last year, we continued to see strong demand for rental properties, especially among younger generations prioritizing the benefits of renting, like flexibility and relative affordability, while home prices and mortgage rates remain high," said Danielle Hale, Chief Economist at Realtor.com®. "Despite high demand, there are some bright spots in the rental market around the U.S. in cities and towns that offer renters good job opportunities, a decent commute, flexible lease terms, maintenance free ame ...

The median asking rent for 0-2 bedroom units across the top 50 metro areas in June was 21.2% ($305) higher than the same month in 2019, before the pandemic roiled the housing market. That's roughly in line with the trend in overall consumer prices (+22.6%) during the same period, but pales in comparison to the 52.6% increase in median price-per-square-foot of for-sale home listings in the five years ending June 2024. | --- | --- | --- | --- | --- | |----------|----------------------------------------------- ...

Tampa (92.7%), Orlando (81.8%) and Phoenix (77.3%) See Highest Increases in Inventory (to 18.3%) +1.3 percentage points SANTA CLARA, Calif., July 9, 2024 /PRNewswire/ -- According to the Realtor.com® June housing data, the number of homes actively for sale grew for an eighth straight month, increasing by 36.7% year-over-year, while the median home spent 45 days on market, an increase of two days compared to last year. Both factors contribute to a slight directional shift towards a buyer-friendly market. "Wh ...