Lachlan Murdoch faced down a shareholder vote on Wednesday aimed at weakening the Murdoch family’s control over their media empire.The activist investor Starboard Value had challenged the ownership structure of News Corp, the parent company of dozens of news outlets globally including the Wall Street Journal and publisher HarperCollins in the US, and the Times and the Sun in the UK.At the company’s annual meeting, the company announced the proposal had been defeated.The Murdoch family controls 41% of compan ...

Exhibit 99.1 NEWS CORPORATION REPORTS FIRST QUARTER RESULTS FOR FISCAL 2025 FISCAL 2025 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS • First quarter revenues were the highest for a first quarter since separation at $2.58 billion, a 3% increase compared to $2.50 billion in the prior year, driven by growth at the Digital Real Estate Services, Book Publishing and Dow Jones segments • Net income in the quarter was $144 million, a significant improvement compared to net income of $58 million in the prior year • Total ...

Activist Irenic Capital Management said Tuesday that it would back fellow dissident Starboard Value's push to dissolve the dual-class structure at Rupert Murdoch's News Corp, ahead of a closely watched shareholder meeting.For the last two years, Jeff Smith's Starboard has been mounting a campaign at the media conglomerate, seeking both the dissolution of the dual-class structure that gives the Murdoch family outsize control and for the company to split off its highly-valuable online real-estate business.Ada ...

September's rate drop and increase in new listings led to October's increase in pending sales, but could rising rates in October hinder momentum? Affordability issues in swing states may have these voters more interested in Federal housing policies SANTA CLARA, Calif., Oct. 31, 2024 /PRNewswire/ -- Last month's home sellers not only listed their homes, but bought new ones and sent a surge of demand into the market this month, according to the Realtor.com® October Monthly Housing Report. The rise in new list ...

The parent companies of The Post and The Wall Street Journal have filed suit against the Jeff Bezos-backed artificial intelligence firm Perplexity AI for allegedly engaging in a “massive amount of illegal copying” of the publications’ copyrighted work.NYP Holdings, Inc. and Dow Jones, both of which are subsidiaries of News Corp, jointly filed the lawsuit against Perplexity AI in Manhattan federal court on Monday demanding that the firm cease using their news articles as the basis for answers to questions.Th ...

Newly listed homes increased by 11.6% YOY and actively listed homes rose 33.9% YOY, according to Realtor.com® September Housing Report SANTA CLARA, Calif., Oct. 3, 2024 /PRNewswire/ -- Sellers got moving as mortgage rates notably hit a 24- month low following the Federal Reserve's jumbo rate cut of 50 bps in September. According to the Realtor.com® September Housing Report, newly listed homes increased by 11.6% compared to last September, yielding a significant reversal from the 0.9% decrease in August 2024 ...

Core Insights - Realtor.com®'s report identifies South Carolina, North Carolina, and Idaho as the leading states in new home construction and affordability rankings [1][2] - The report highlights that new construction is essential for adding inventory and affordable housing options across the United States [1][4] New Construction Rankings - The top ten states for new construction activity are primarily located in the South and West regions, with South Carolina and North Carolina at the forefront [1][2] - The rankings are based on three criteria: the share of new builds in total listings, the price per square foot premium of new builds compared to existing homes, and the number of permits for new single-family homes per capita [3] Top Ten States Overview - South Carolina ranks 4th in new construction share, 2nd in price premium, and 2nd in permits per capita, averaging a rank of 2.67 [2] - North Carolina ranks 1st in new construction share, 6th in price premium, and 3rd in permits per capita, averaging a rank of 3.33 [2] - Idaho ranks 3rd in new construction share, 9th in price premium, and 1st in permits per capita, averaging a rank of 4.33 [2] - Other notable states include Arizona (10th), Utah (5th), Florida (20th), Delaware (2nd), Texas (6th), Tennessee (8th), and Georgia (9th) [2] Affordability Trends - New home prices are currently lower than existing homes and have decreased significantly since the peak in July 2022 [4] - Builders are responding to affordability challenges by constructing smaller homes, with homes built in 2024 being 8% smaller than those built in 2022 [4] - The construction of smaller, lower-priced homes is contributing to the stabilization of listing prices in the market [4] Market Demand and Supply - There is a significant supply shortage of over 7 million single-family homes in the U.S. as of the end of 2023, driven by a pace of household formation that exceeds homebuilding rates [4] - The need for newly built homes is critical to meet housing demand and is a vital component of overall economic activity [4]

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 ...