SANTA CLARA, Calif., June 18, 2024 /PRNewswire/ -- To celebrate the 80th anniversary of the GI Bill and its many benefits for military households, Realtor.com® identified the top 10 U.S. metros best suited for military households. Taking key criteria important to military home shoppers into consideration, the top market on the list is Des Moines-West Des Moines, Iowa. Working with a buyer's agent is one of the best ways military families can make sure they are aware of and can take advantage of all their be ...

Core Insights - The initiative by Realtor.com® aims to educate the public on the importance of buyer's agents, particularly for historically underserved communities, to prevent further distancing from homeownership [1][7][10] - The campaign highlights the challenges faced by low-income, LGBTQ+, Hispanic, Veteran, and first-time buyers, emphasizing the need for buyer representation to navigate the complex homebuying process [2][8][10] Group 1: Statistics and Challenges - Low-income earners are 22% more likely to be denied a loan, while LGBTQ+ individuals are 25% less likely to own a home compared to the general population [1] - One in four Hispanic individuals complete the homebuying process entirely in Spanish, indicating a need for tailored support [1] - Seven in ten Veterans are unaware they qualify for a zero-down home loan, highlighting a significant knowledge gap [1] Group 2: Campaign Details - The buyer agency campaign launched on April 18 has garnered nearly 40 million impressions and 18,000 agent toolkit downloads, indicating strong engagement [9] - Prominent real estate organizations are joining the movement, signing a joint letter in support of buyer agency to be published in major newspapers [13] - The campaign includes customized messages for different underserved communities and an updated toolkit for agents to promote buyer representation [14] Group 3: Industry Impact - The majority of new homeowners over the next two decades are expected to come from diverse communities, making access to competent buyer's agent representation crucial for the housing economy [10] - Realtor.com® is advocating for increased awareness and support for buyer representation, especially during the current real estate affordability crisis [2][8]

Core Insights - The national median asking rent for 0-2 bedroom units decreased by 0.7% ($13) to $1,732, marking a decline across all size categories and remaining just $24 (1.4%) below its peak in August 2022 [1][10] - Over the past five years, median asking rents have increased by 21.5%, indicating a significant long-term upward trend despite recent declines [1][10] Rental Trends - The median rent for studio units fell by 1.9% year-over-year to $1,449, which is 17.3% higher than five years ago [4][6] - One-bedroom unit rents decreased by 1.1%, marking the twelfth consecutive year-over-year decline, with current rents at $1,612, still 20.3% higher than five years ago [4][6] - Two-bedroom units saw a 0.7% decline, also the twelfth consecutive annual drop, with current rents at $1,925, which is 23.3% higher than five years ago [4][6] Regional Variations - The most significant year-over-year rent declines were observed in the South, particularly in Austin (-9.3%), Nashville (-8.3%), and San Antonio (-8.2%) [11] - In the West, notable declines included Phoenix (-4.5%), San Francisco (-4.3%), and Las Vegas (-4.1%) [11] - Conversely, rents increased in the Midwest, with Indianapolis (+4.4%), Milwaukee (+4.3%), and Minneapolis (+2.9%) showing growth, while the Northeast saw increases in Pittsburgh (+2.4%) and New York (+2.2%) [11] Economic Implications - The decline in rents is contributing to a slowdown in shelter inflation, which is a significant component of overall inflation metrics [10][15] - The Consumer Price Index for shelter rose by 5.5% year-over-year in April, down from a peak of 8.2% in March 2023, indicating a lagging response to market rent changes [10] - The current rental market dynamics suggest potential challenges for further reductions in overall inflation, complicating Federal Reserve policy decisions [10][15]

Across the U.S., New York (84.7%), Boston (72.9%), and Nashville (68.6%) Experienced the Highest Increases in Median Price Per Square Foot Since Before the Pandemic (to 16.6%) +1.2 percentage points SANTA CLARA, Calif., June 4, 2024 /PRNewswire/ -- According to the Realtor.com® May housing data, median list prices have increased 37.5% since May 2019, and while prices grew in that time frame, inventory is down 34.2% compared with typical 2017 to 2019 levels pointing to the market being in seller-friendly ter ...

News Corp. and OpenAI have reached an multi-year agreement to provide content for use in artificial intelligence. The deal is the latest that OpenAI has reached with news publishers, even as it defends itself from lawsuits filed by other content creators over the use of their work in training models. According to a joint announcement, OpenAI will receive access to content from The Wall Street Journal, Barron's, MarketWatch, Investor's Business Daily, FN, New York Post, The Times, The Sunday Times, The Sun, ...

OpenAI and News Corp on Wednesday announced a "multi-year global partnership" that will allow OpenAI to access current and archived articles from News Corp's outlets — including The Wall Street Journal, MarketWatch, Barron's, The New York Post and more. As part of the deal, OpenAI will be able to display content from News Corp-owned outlets within its ChatGPT chatbot, in response to user questions. The startup will also be able to use News Corp's content "to enhance its products," or, likely, to train its a ...

Median rents fell -0.7% in April with renters in pricey Austin, Las Vegas, and San Francisco enjoying the biggest savings, meanwhile rents in Indianapolis, Milwaukee, and Minneapolis reach a high SANTA CLARA, Calif., May 22, 2024 /PRNewswire/ -- Rents fell again last month, with particularly big savings for renters in Austin, Texas; Las Vegas; and San Francisco compared to when those markets peaked, according to the Realtor.com® Rental Report released today. Still, some areas with low unemployment and a slo ...

With Median List Prices Under $450,000 these Beach-side Spots May Offer an Affordable Opportunity to Get Year-Round Vitamin Sea SANTA CLARA, Calif., May 21, 2024 /PRNewswire/ -- Sixty-nine percent of Americans say they dream of owning a vacation home one day. While typical waterfront home prices may make this aspiration seem out of reach, Realtor.com® just released its Most Affordable Beach Towns in America list where home buyers can buy into a beach-side lifestyle without breaking the bank. In rank order, ...

Revenue Performance - Total revenues decreased by $24 million, or 1%, for the three months ended March 31, 2024, compared to the same period in 2023, while revenues increased by $62 million, or 1%, for the nine months ended March 31, 2024[129]. - Circulation and subscription revenues for the three months ended March 31, 2024, were $1,121 million, a slight decrease of $1 million from $1,122 million in 2023[129]. - Advertising revenues decreased by $35 million, or 9%, to $358 million for the three months ended March 31, 2024, and decreased by $76 million, or 6%, for the nine months ended March 31, 2024[129]. - Digital Real Estate Services segment reported a revenue increase of $29 million, or 11%, for the three months ended March 31, 2024, driven by higher Australian residential revenues at REA Group[129]. - Revenue for the nine months ended March 31, 2024, was $7.508 billion, an increase from $7.446 billion in the same period of fiscal 2023, driven by higher revenues in the Dow Jones and Digital Real Estate Services segments[156]. - For the three months ended March 31, 2024, total revenues increased by $25 million, or 7%, to $388 million compared to $363 million in the same period of 2023[157]. - For the nine months ended March 31, 2024, revenues at the Dow Jones segment increased by $58 million, or 4%, compared to the same period in fiscal 2023[176]. Segment Performance - The Subscription Video Services segment experienced revenue declines due to foreign currency fluctuations and lower residential subscription revenues, partially offset by higher streaming revenues[130]. - Digital Real Estate Services segment revenues for the nine months ended March 31, 2024, were $1.210 billion, up from $1.170 billion in the same period of fiscal 2023[156]. - Subscription Video Services segment revenues for the nine months ended March 31, 2024, were $1.411 billion, a slight decrease from $1.441 billion in the same period of fiscal 2023[156]. - Segment EBITDA for Digital Real Estate Services increased by $24 million, or 7%, for the nine months ended March 31, 2024, reaching $373 million compared to $349 million in the same period of 2023[161]. - Segment EBITDA for Subscription Video Services decreased by $33 million, or 12%, for the nine months ended March 31, 2024, totaling $236 million compared to $269 million in the same period of 2023[166]. - Segment EBITDA at the Dow Jones segment increased by $9 million, or 8%, for the three months ended March 31, 2024, primarily due to revenue increases and gross cost savings from a 5% headcount reduction initiative[187]. - For the nine months ended March 31, 2024, Segment EBITDA at the Dow Jones segment increased by $44 million, or 12%, primarily due to revenue increases and cost savings from the headcount reduction initiative[188]. Cost Management - The Company implemented a 5% headcount reduction in February 2023, expected to generate annualized gross cost savings of at least $160 million, primarily reflected in fiscal 2024[126]. - Operating expenses decreased by $61 million, or 2%, for the nine months ended March 31, 2024, compared to the same period in fiscal 2023, primarily due to lower costs in the Book Publishing and News Media segments[133]. - Selling, general and administrative expenses increased by $43 million, or 2%, for the nine months ended March 31, 2024, compared to the same period in fiscal 2023, mainly due to higher employee costs and marketing spend[136]. Net Income and Cash Flow - Net income attributable to News Corporation stockholders decreased by $20 million, or 40%, to $30 million for the three months ended March 31, 2024, compared to $50 million in 2023[129]. - Net income for the nine months ended March 31, 2024, was $283 million, an increase of $64 million, or 29%, compared to $219 million for the same period in fiscal 2023[150]. - Net cash provided by operating activities increased by $174 million for the nine months ended March 31, 2024, totaling $844 million compared to $670 million in the same period of fiscal 2023[208]. - Free cash flow was $491 million, up from $320 million in the prior year, while free cash flow available to News Corporation increased to $378 million from $258 million[217]. Debt and Liquidity - The Company had $1.9 billion in cash and cash equivalents as of March 31, 2024, providing a strong liquidity position[202]. - The Company had total borrowings of $2.9 billion as of March 31, 2024, with $1,971 million attributed to News Corporation and approximately $720 million to the Foxtel Debt Group[218][219]. - The Foxtel Debt Group refinanced its A$610 million revolving credit facility and A$250 million term loan facility with a new A$1.2 billion syndicated credit facility[221]. - The Company authorized a repurchase program for up to $1 billion of its outstanding Class A and Class B Common Stock, with approximately $495 million remaining as of March 31, 2024[205]. Market and Legal Considerations - The Company believes free cash flow provides useful information about liquidity and cash flow trends, with adjustments made for REA Group's cash flow[215]. - The agreements governing the Foxtel Debt Group's borrowings require maintaining a net debt to EBITDA ratio of not more than 3.25 to 1.0 and a net interest coverage ratio of not less than 3.5 to 1.0[223]. - The Company establishes an accrued liability for legal claims when a loss is probable and can be reasonably estimated[235]. - Legal fees associated with litigation are expensed as incurred, and gain contingencies are recognized when realized or realizable[235].

Exhibit 99.1 NEWS CORPORATION REPORTS THIRD QUARTER RESULTS FOR FISCAL 2024 FISCAL 2024 THIRD QUARTER KEY FINANCIAL HIGHLIGHTS NEW YORK, NY – May 8, 2024 – News Corporation ("News Corp" or the "Company") (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) today reported financial results for the three months ended March 31, 2024. Commenting on the results, Chief Executive Robert Thomson said: "News Corp has again made substantial progress on our strategic imperative to transform the company and increase value for all shar ...