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News Corp would lose $9M over nixing ‘clunky' Google advertising tools, former exec testifies
New York Post· 2024-09-10 21:21
News Corp considered switching away from Google's advertising products in 2017 – but decided against it after determining it would cost the company at least $9 million in lost revenue, a former executive at The Post's publisher testified Tuesday. Google maintained a stranglehold on digital advertising despite offering tools that were "clunky and slow" and ignoring requests to add new features, said Stephanie Layser, who worked as an advertising technology executive at News Corp from 2017 to 2022. Despite th ...
Starboard moves to collapse News Corp's dual class stock in challenge to Rupert Murdoch
CNBC· 2024-09-06 19:51
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 ...
News (NWS) - 2024 Q4 - Annual Report
2024-08-13 11:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-K ________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35769 ________________________________ NEWS CORPORATION (Exact name of ...
News (NWS) - 2024 Q4 - Earnings Call Transcript
2024-08-10 16:58
News Corporation (NASDAQ:NWS) Q4 2024 Results Conference Call August 8, 2024 5:00 PM ET Company Participants Michael Florin - SVP, Head of IR Robert Thomson - Chief Executive Officer Susan Panuccio - Chief Financial Officer Conference Call Participants David Karnovsky - JPMorgan Kane Hannan - Goldman Sachs Entcho Raykovski - Evans & Partners Brian Han - Morningstar Darren Leung - Macquarie Lucy Huang - UBS Alan Gould - Loop Capital Craig Huber - Huber Research Operator Welcome to News Corp's Fourth Quarter ...
News Corporation: Positive News Serves As A Catalyst For A Downgrade
Seeking Alpha· 2024-08-09 19:18
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 beats revenue estimates as digital subscriptions grow
New York Post· 2024-08-08 23:16
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% ...
News (NWS) - 2024 Q4 - Annual Results
2024-08-08 20:17
Exhibit 99.1 NEWS CORPORATION REPORTS FOURTH QUARTER AND FULL YEAR RESULTS FOR FISCAL 2024 FISCAL 2024 FOURTH QUARTER AND FULL YEAR KEY FINANCIAL HIGHLIGHTS • Fourth quarter revenues were $2.58 billion, a 6% increase compared to $2.43 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 $71 million, a significant improvement compared to a net loss of $(32) million in the prior year • Total Segment EBITDA was t ...
High Rizz Markets - Realtor.com® Launches New Report Finding the Top 10 Most Popular Markets for Online Home Searchers
Prnewswire· 2024-08-06 10:00
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 ...
Realtor.com® July Housing Report: Inventory Hits Post-Pandemic High
Prnewswire· 2024-08-01 10:00
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 ...
Verizon Business awarded $77.7M task order to modernize National Weather Service network infrastructure
GlobeNewswire News Room· 2024-07-29 12:30
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 ...