Ultime notizie per News (NASDAQ:NWS) Azioni

News

News Corporation is a diversified media conglomerate with significant presence in the US, the UK, and Australia. Key mastheads include The Wall Street Journal, Barron's, New York Post, The Times, The Sun, The Australian, Herald Sun, and The Daily Telegraph. The company also has a strong presence in the Australian subscription video market through 65%-owned Foxtel, and streaming platforms such as sport-focused Kayo and entertainment-focused Binge. Its 61%-owned REA Group is the dominant property listings business in Australia. In addition, it owns Harper Collins, one of the largest book publishers in the world, and has a sizable US digital property advertising business, Move.

News Corp

NWS HOLDINGS LTS S/ADR by NWS Holdings, Ltd.

NWS Holdings Ltd

NWS HOLDINGS LTD ORD by NWS Holdings, Ltd.

News Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>, NWSA, ASX: NWS, NWSLV))) today announced that, at its Annual Meeting of Stockholders, stockholders overwhelmingly elected the company's full slate of Directors and voted with the Board's recommendations on all proposals, including convincingly defeating the non-binding proposal to adopt a recapitalization plan that would eliminate News Corp's dual-class capital structure.
News Corp actively solicits feedback from its investors throughout the year, and values the ongoing dialogue generated by these extensive outreach efforts. We are pleased stockholders once again convincingly supported the company and the Board of Directors on all matters.
 &nbsp;

Management

NWSA

News Corp Announces That, At Its Annual Meeting Of Stockholders, Stockholders Voted With The Board's Recommendations On All Proposals, Including Convincingly Defeating The Non-Binding Proposal To Adopt A Recapitalization Plan That Would Eliminate News Corp's Dual-Class Capital Structure

<a href="https://www.bloomberg.com/news/articles/2024-11-19/microsoft-signs-ai-learning-deal-with-news-corp-s-harpercollins">https://www.bloomberg.com/news/articles/2024-11-19/microsoft-signs-ai-learning-deal-with-news-corp-s-harpercollins</a>
&nbsp;
<a href="https://www.bloomberg.com/quote/MSFT:US">Microsoft Corp.</a> reached a deal with <a href="https://www.bloomberg.com/quote/NWSA:US">News Corp.</a>'s HarperCollins that will allow the software company to use nonfiction titles from the book publisher to train its artificial intelligence models, according to a person familiar with the matter.
Microsoft wants the HarperCollins books for a model that it hasn't yet announced, according to the person, who asked not to be identified discussing plans that aren't public. The company isn't planning to use the content to generate new books without human authors, the person said. Microsoft declined to comment.

MSFT

'Microsoft Signs AI-Learning Deal With News Corp's HarperCollins; Nonfiction Books Will Be Used For Training AI Models; AI Companies And Publishers Have Butted Heads In Lawsuits' - Bloomberg News

Dow Jones announces GenAI content licensing agreements with thousands of sources worldwide &nbsp;
NEW YORK, Nov. 13, 2024 /PRNewswire/ -- Dow Jones today announced the launch of Factiva Smart Summary, a new feature in its business intelligence platform, as the company continues to infuse generative AI (GenAI) into its professional product suite. The move heralds a new era for Factiva, transforming it into a world-class, AI-powered research tool for businesses.
Through Factiva Smart Summary, new GenAI capabilities enable corporations to retrieve concise, informative summaries that streamline research and decision-making. The outputs are fully transparent and traceable, drawing on thousands of trusted news sources that Dow Jones has licensed for specific GenAI uses.
As part of its commitment to the responsible use of AI, Dow Jones is building the world's premiere collection of full-text news articles permissioned for use with GenAI tools and applications, with licensing agreements spanning nearly 4,000 sources, 160+ countries and 29 languages–including The Associated Press, AWP Finanznachrichten AG, News Corp Australia, News UK and The Washington Post alongside Dow Jones's leading news brands The Wall Street Journal, Barron's, MarketWatch, Investor's Business Daily, Financial News, Private Equity News and Dow Jones Newswires.

Dow Jones Announces The Launch Of Factiva Smart Summary, A GenAI Content Licensing Agreements With Thousands Of Sources Worldwide

The S&amp;P 500 index surged past the 6,000-point milestone, setting fresh record highs, and small-cap stocks are poised for their best weekly performance since April 2024 as investor optimism surrounding the &#8220;Trump trade&#8221; continued to fuel a strong risk-on sentiment by the end of a <a href="https://www.benzinga.com/markets">wild week in the market</a>. 
All major U.S. indices posted modest gains in midday trading, with the Dow Jones Industrial Average leading slightly, soaring beyond the 44,000-point mark. The blue-chip index is set for its best weekly performance in over a year.
Friday's rise in the S&amp;P 500 was powered by the utilities and real estate sectors, which had lagged post-election. Tech stocks took a breather following Thursday's rally.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged 7%, pushing its weekly gains beyond 27% and propelling its market cap past $1 trillion. 
This move now places every "Magnificent Seven" tech stock in the trillion-dollar club, with the group's combined market cap topping $17 trillion.
Treasury yields held steady, while the dollar strengthened in response to the Federal Reserve's Thursday 25-basis-point rate <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41823887/powell-dismisses-talk-of-resignation-after-trump-victory-says-policy-is-still-res">cut to 4.5%-4.75%</a>.
Gold softened, eyeing its worst week since late May, as both silver and oil dropped over 2% on the day. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged up 0.8%, extending its weekly gains to over 11%, marking its best week since July.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,993.21</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,998.81</td>
<td>0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,389.50</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,124.53</td>
<td>0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:05 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.4% to $598.17.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.6% to $439.89.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.1% higher to $514.10.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.3% to $237.08.</li>
<li>The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, rising 1.8%. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 1%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports were: 
<ul>
<li>NRG Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>), up 0.5%, </li>
<li>Ubiquiti Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UI#NYSE">UI</a>), up 21%</li>
<li>Arista Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NASDAQ">ANET</a>), down 7%, </li>
<li>Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), down 7.5%, </li>
<li>Motorola Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSI#NYSE">MSI</a>), up 6.7%, </li>
<li>EOG Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>), up 5.9%, </li>
<li>Fortinet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), up over 9%, </li>
<li>The Trade Desk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), down over 4%, </li>
<li>Monster Beverage Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>), up by 0.5%, </li>
<li>Axon Enterprise Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>), up 25%, </li>
<li>Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), down 4.4%, </li>
<li>Cloudfare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), down 6.2%, </li>
<li>Corpay Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAY#NYSE">CPAY</a>), up 6%, </li>
<li>Expedia Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NYSE">EXPE</a>), up over 6%, </li>
<li>Toast Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>), up 13%, </li>
<li>Pinterest Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), down 17%, </li>
<li>DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), up 1.7%, </li>
<li>Insulet Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>), up 12%, </li>
<li>News Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>), up 3.6%, </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41848568/us-consumer-sentiment-rises-more-than-predicted-to-6-month-highs-inflation-expectations-hit-4-year-low">US Consumer Sentiment Rises More Than Predicted To 6-Month Highs, Inflation Expectations Hit 4-Year Low</a></li>
</ul>
Illustration created using artificial intelligence via Midjourney.

Equities

Sector ETFs

Markets

Movers

ETFs

$BTC

ABNB

ANET

AXON

CPAY

SPDR Dow Jones Industrial Average ETF Trust

DKNG

EXPE

FTNT

MNST

PINS

PODD

TOST

TSLA

S&P 500 Breaks 6,000 Points, Dow Soars Above 44,000, Small Caps Eye Strongest Week In 4 Years, Tesla Hits $1 Trillion: What's Driving Markets Friday?

Increased Minority Ownership Stake Furthers Growing Commitment to the Risk and Compliance Market
NEW YORK, Nov. 8, 2024 /PRNewswire/ -- Dow Jones today announced it has expanded its ownership stake in Ripjar, a global leader in data intelligence software. This strategic investment reflects Dow Jones's ongoing commitment to providing leading-edge AI to the risk and compliance community. The move is the latest in a series of investments and initiatives that have helped transform Dow Jones to become a leading information service provider.
Since its founding, Ripjar has pioneered new technologies to protect financial firms and enterprises from the rising threat of money laundering, fraud, cyber crime and terrorism. Dow Jones has partnered with Ripjar since 2018 to deliver advanced risk screening and monitoring solutions to thousands of compliance customers. It first announced an equity investment in Ripjar in 2023.

Contracts

Dow Jones Announces It Has Expanded Its Ownership Stake In Ripjar; No Financial Terms Disclosed

News Corp Announced That Susan Panuccio Is Stepping Down As CFO On January 1, 2025 With Lavanya Chandrashekar Taking Over The Role

News (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwsa#NASDAQ">NWSA</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.16 by 31.25 percent. The company reported quarterly sales of $2.580 billion which beat the analystNews (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.16 by 31.25 percent. The company reported quarterly sales of $2.580 billion which beat the analyst consensus estimate of $2.565 billion by 0.60 percent. This is a 3.24 percent increase over sales of $2.499 billion the same period last year.

Earnings

Earnings Beats

News Q1 2025 Adj. EPS $0.21 Beats $0.16 Estimate, Sales $2.580B Beat $2.565B Estimate

Intends to Vote in Favor of Starboard's Proposal to Collapse the Dual-Class Share Structure Because One Share Should Equal One Vote
Believes Holders of News Corp's High-Vote Class B Shares Should Receive a Substantial Premium Consistent with Recent Similar Reclassifications
Will Vote For Management Directors; Believes News Corp Management Will Take Concrete Actions to Unlock Shareholder Value
Irenic Capital Management, L.P. today announced that it has sent the below letter to the Board of Directors of News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>, NWS))):
November 5, 2024
News Corporation 1211 Avenue of the Americas New York, NY 10036
Dear Members of the Board of Directors,
We are writing on behalf of Irenic Capital Management, L.P. (together with its affiliates, "Irenic" or "we"). Irenic is one of the largest unaffiliated shareholders of News Corporation ("News Corp" or the "Company").
We write for three reasons:
<ul>
<li>First, Irenic intends to vote in favor of Starboard Value LP's ("Starboard") proposal to recommend the News Corp Board of Directors (the "Board") eliminate the Company's dual-class share structure. We agree with Starboard that such structures are outmoded and run afoul of fundamental corporate governance principles and are destructive of market value. One share should equal one vote.</li>
<li>Second, while we support Starboard's proposal, we believe that when a dual-class share structure has been in-place for a long period of time, as it has been at News Corp, the high-vote stockholders should receive consideration for converting to a best-in-class corporate governance structure that benefits all stockholders. Paying a premium to high-vote stockholders is consistent with recent reclassifications:</li>
<li>In Constellation Brands, Inc. (2022) high-vote shareholders were paid a 26.5% premium.</li>
<li>In Forest City (2016) high-vote shareholders were paid a 31.0% premium.</li>
<li>In Hubbell Incorporated (2015) high-vote shareholders were paid a 28.3% premium.</li>
<li>We believe paying a substantial premium for the News Corp Class B Common Stock to convert to a single-share structure is appropriate – and encourage the Board and Starboard to work cooperatively to arrive at a fair value.</li>
<li>Third, our support for collapsing the dual-class share structure is not a reflection of our displeasure with management's efforts to unlock value at News Corp. While this process has taken longer than most similar processes, we do believe management is working earnestly to take concrete actions that will unlock immediate value and position News Corp's excellent, but separate, franchises, Dow Jones and REA, for long-term success.</li>
</ul>
Thank you for your consideration.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Adam Katz</td>
<td colspan="1" rowspan="1">Andy Dodge</td>
<td colspan="1" rowspan="1">Krishna Korupolu</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Co-Founder, CIO</td>
<td colspan="1" rowspan="1">Co-Founder, Director of Research</td>
<td colspan="1" rowspan="1">Senior Analyst</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Irenic Capital To Support Elimination Of News Corp's Dual-Class Share Structure; Believes Holders Of News Corp's High-Vote Class B Shares Should Receive A Substantial Premium Consistent With Recent Similar Reclassifications; Will Vote For Management Directors; Believes News Corp Management Will Take Concrete Actions To Unlock Shareholder Value

One of the most beloved children's computer video games is getting a movie adaptation. "The Oregon Trail" is sparking an action-comedy movie featuring songs, adding to the lineup of game adaptations in the works by<a href="https://www.benzinga.com/general/entertainment/24/08/40491446/amazon-could-score-another-video-game-inspired-hit-after-fallout-new-series-adapts-pac-man-"> big studios and streaming companies.</a>
What Happened: The 1970s educational computer game "The Oregon Trail" is being adapted into a movie by Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), joining the list of video games becoming movies, including "Tetris" <a href="https://www.benzinga.com/general/entertainment/23/03/31543197/unlock-an-apple-tv-month-for-free-by-winning-at-tetris">from Apple in 2023. &nbsp;</a>
Will Speck and Josh Gordon will direct and produce the movie, <a href="https://www.hollywoodreporter.com/movies/movie-news/oregon-trail-movie-apple-1236045454/">according </a>to The Hollywood Reporter. The duo is behind films such as "Blades of Glory," "The Switch" and "Lyle, Lyle, Crocodile."
Benj Pasek and Justin Paul will produce and provide original music for the movie according to the report. The duo are part of the EGOT club, winning Emmy, Grammy, Oscar and Tony awards. Pasek and Paul have worked on the hit television show "Only Murders in the Building" and also helped with songs and soundtracks for "La La Land" and "The Greatest Showman."
Speck, Gordon, Pasek and Paul all worked together on "Lyle, Lyle, Crocodile" previously.
"The Oregon Trail" movie adaptation will feature several musician numbers, according to the report, in the same realm as "Barbie," the highly successful movie adaptation of the hit toy brand.
Apple won the film pitch from the team working on adapting the movie and the film remains in the early stages according to the report.
HarperCollins, which is owned by News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>), owns the rights to the video game franchise. Caroline Fraser will produce for HarperCollins Productions.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/07/40014040/apple-to-follow-netflix-disney-ad-supported-appletv-streaming-plan-could-launch-soon">Apple To Follow Netflix, Disney? Ad-Supported AppleTV+ Streaming Plan Could Launch Soon</a>
Why It's Important: Released in 1971, "The Oregon Trail" is one of the most popular and most well-known computer games of all time. The hit game has inspired mobile game versions, card games and a musical.
Many students played the game while in grade school and middle school, as it was meant to teach students about the harsh conditions and loss of life during the 19th century as settlers moved west along the Oregon Trail.
The game had players hunt, fish, buy and sell goods, and make decisions based on their route and wagon members. Some members would die along the way, including from gastrointestinal infection and dysentery.
During the game, players would occasionally be met with the words on the screen of one of their wagon members dying of dysentery, which has become a phrase associated with the game in popular culture today.
Apple has not announced whether the movie will play in theaters or be a streaming exclusive on its AppleTV+ platform.
The technology giant recently debuted "Wolfs" in a limited theatrical release ahead of a<a href="https://www.benzinga.com/general/entertainment/24/10/41172851/apple-tv-scores-biggest-streaming-movie-in-history-thanks-to-george-clooney-brad-pitt"> streaming&nbsp; premiere in September. </a>The film went on to be the most viewed movie in AppleTV+ history and boosted viewership by 30% week-over-week when added to the platform.
Apple has&nbsp;<a href="https://www.benzinga.com/24/03/37558754/apples-1b-gamble-on-3-blockbusters-analyzing-box-office-results-streaming-impact-and-oscar-nominatio" target="_blank" rel="noreferrer noopener">seen recent success&nbsp;</a>at the Academy Awards with &#8220;CODA,&#8221; which won a historic Oscar for Best Picture at the 94th Academy Awards.
Other Apple-produced movies also <a href="https://www.benzinga.com/24/03/37558754/apples-1b-gamble-on-3-blockbusters-analyzing-box-office-results-streaming-impact-and-oscar-nominatio">saw theatrical releases</a>. They include:
<ul>
<li>"<a href="https://www.boxofficemojo.com/title/tt5537002/?ref_=bo_se_r_1" target="_blank" rel="noreferrer noopener">Killers of the Flowers Moon</a>": $67.9 million domestic, $89 million international, $156.9 million global</li>
<li>"<a href="https://www.boxofficemojo.com/title/tt13287846/?ref_=bo_se_r_1" target="_blank" rel="noreferrer noopener">Napoleon</a>": $61.5 million domestic, $159.5 million international, $221 million global</li>
<li>"<a href="https://www.boxofficemojo.com/title/tt15009428/?ref_=bo_se_r_1" target="_blank" rel="noreferrer noopener">Argylle</a>": $44.2 million domestic, $48.2 million international, $92.5 million global</li>
</ul>
In total, the three movies cost around $700 million for Apple and grossed $470.4 million worldwide, according to BoxOfficeMojo.
While the box office figures didn&#8217;t break even on costs, a studio source told Variety that both &#8220;Killers of the Flower Moon&#8221; and &#8220;Napoleon&#8221; were profitable thanks to other revenue streams.
Apple has adopted a strategy of premiering its major films in theaters before offering them exclusively on its streaming platform, Apple TV+. This model helps Apple recover some of its costs and could also help the company become a staple for award shows requiring a theatrical run.
With the "Wolfs" model of going limited release and then streaming, the industry will closely watch future Apple films to see which release model the technology giant uses.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/04/38024244/appletv-a-streaming-winner-new-survey-shows-platform-has-smallest-library-highest-rated-con">AppleTV+ A Streaming Winner? New Survey Shows Platform Has Smallest Library, Highest Rated Content</a></li>
</ul>
Photo: Dzintars A/Shutterstock.com

Entertainment

Gaming

AAPL

Apple Set To Adapt Oregon Trail Video Game Into Movie With Musical Numbers — But Hopefully No Dysentery

The Washington Post, which is owned by billionaire Jeff Bezos, is the latest newspaper to be caught up in controversy over not endorsing a political candidate in the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
The newspaper announced Friday it will not endorse a candidate in the race.
What Happened: The Washington Post, which was purchased by <a href="https://www.benzinga.com/news/23/11/35617835/jeff-bezos-backed-washington-post-gets-new-ceo-former-wall-street-journal-veteran-william-lewis-take">Bezos in 2013,</a> said it will not endorse a candidate for the first time in 36 years and will not endorse candidates in future presidential races.
Washington Post publisher and CEO William Lewis made the official <a href="https://www.washingtonpost.com/opinions/2024/10/25/washington-post-endorsement/">announcement </a>Friday.
"We are returning to our roots of not endorsing presidential candidates," Lewis said.
Lewis cited the paper's 1960 editorial board decision to stop endorsing candidates, describing it as a move toward being an "independent newspaper in the Nation's Capital."
"We recognize that this will be read in a range of ways, including as a tacit endorsement of one candidate or as a condemnation of another, or as an abdication of responsibility."
Lewis said that's not the case and the newspaper has always stood for character and courage, the rule of law, and respect for human freedom. The newspaper publisher said the non-endorsement is a statement that supports readers being able to make up their own mind on the election.
"Our job at The Washington Post is to provide, through the newsroom, nonpartisan news for all Americans, and thought-provoking, reported views from our opinion team to help our readers make up their own minds."
A separate Washington Post <a href="https://www.washingtonpost.com/style/media/2024/10/25/washington-post-endorsement-president/">article </a>highlighted the announcement&#8217;s timing, occurring just 11 days before the 2024 election, which is described as too close to call. The report also noted that other newspapers have faced situations where owners blocked endorsements agreed upon by writers and editorial boards.
"An endorsement of Harris had been drafted by Post editorial page staffers but had yet to be published," the article reads.
The decision not to publish the endorsement of Kamala Harris was made by "The Post's owner – Amazon founder Jeff Bezos," sources told the Washington Post writer.
The article said the decision not to make an endorsement "has roiled many on the editorial staff, which operates independently from The Post's news staff."
Washington Post editor-at-large Robert Kagan, who has been critical of Trump in the past, resigned from the editorial board in response to the decision, according to <a href="https://www.npr.org/2024/10/25/nx-s1-5165353/washington-post-presidential-endorsement-trump-harris">NPR</a>.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent102524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The Washington Post's decision not to endorse a candidate in the 2024 election follows a similar move by the Los Angeles Times, owned by billionaire Patrick Soon-Shiong.
The Los Angeles Times had planned an endorsement of Harris that was blocked by Soon-Shiong. The decision led to backlash from readers and the resignation of editorials editor Mariel Garza.
Soon-Shiong said he wanted the editorial board to instead offer readers a side-by-side comparison of Donald Trump and Harris' policies.
Both Soon-Shiong, who is the Executive Chairman of Immunity Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>), and Bezos have interests in companies that the federal government could impact under whoever wins the 2024 election. Reports say both could be worried about endorsing Harris and being retaliated against if Trump wins.
On Friday, the New York Post, which is owned by News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>), <a href="https://nypost.com/2024/10/25/opinion/the-post-endorses-donald-trump-for-president-the-clear-choice-for-a-better-future/">endorsed </a>Trump for president.
The paper cited a secure border, low-tax economy, common-sense policies, safer cities, and a country feared by enemies globally as reasons for the endorsement of Trump.
"If history is any guide, the track records of the last two administrations provide a clearly comparable record," the paper wrote.
The paper calls Donald Trump "the right choice" for the 2024 election.
The newspaper company is owned by Rupert Murdoch, who also owns Fox News, and has often <a href="https://www.benzinga.com/news/legal/24/09/40881529/rupert-murdochs-family-court-battle-over-fox-control-mirrors-succession-drama">been a supporter </a>of Trump.
Read Next:
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<li>You may not be a billionaire like Jeff Bezos, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/real-estate/reit/24/10/41549488/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a></li>
</ul>
Photo: Shutterstock

Politics

Media

IBRX

Jeff Bezos Ends Washington Post's 36-Year Tradition Of Endorsements, Leaving Staff 'Roiled'

Exclusive tech event will convene business leaders, investors and thought leaders in 2025

Reported Earlier, Dow Jones Partners With Qatar For Five-Year Expansion Of WSJ Tech Live

Starboard CEO Jeff Smith Says We Have Solicitation Going On For Potentially Separating The Two Class Structure At News Corp

REA is disappointed by the latest rejection from the Board of Directors of Rightmove and is frustrated that, save for the rejection of REA&rsquo;s three previously disclosed proposals, REA has still had no substantive engagement with Rightmove.

REA remains ready to engage immediately with the Board of Directors of Rightmove. 
&nbsp;

RTMVY

Reported Earlier, News Corporation's Subsidiary REA Group Disappointed By The Latest Rejection From Board Of Rightmove

<a href="https://dol.ny.gov/system/files/documents/2024/09/warn-nyc-news-enterprises-inc.-dba-news-corp-9.12.24-2024-0053.pdf" title="https://dol.ny.gov/system/files/documents/2024/09/warn-nyc-news-enterprises-inc.-dba-news-corp-9.12.24-2024-0053.pdf">https://dol.ny.gov/system/files/documents/2024/09/warn-nyc-news-enterprises-inc.-dba-news-corp-9.12.24-2024-0053.pdf</a>

News Corp To Lay Off 69 Employees In New York City Due To Economic Reasons, According To WARN Notice

Award-winning HBO series "Succession," which centered on a media company's patriarch struggle to find a successor for his company was a work of fiction that was <a href="https://www.benzinga.com/general/entertainment/23/07/33208010/hbo-netflix-apple-and-streaming-dominate-emmy-award-nominations-the-last-of-us-succession-t">well loved by viewers.</a>
The real-life story that inspired the hit show is set to play out in court beginning this week.
What Happened: A battle for control of Fox News and other assets of Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) will take center stage in a Nevada trial this week that could impact one of the largest<a href="https://www.benzinga.com/topic/media-stocks"> publicly traded media companies.</a>
Media mogul Rupert Murdoch, who helped build Fox to what it is today, is seeking to change the succession plan for his company.
The family trust currently will see Murdoch's children share control of the company when the 93-year-old media mogul passes away, as <a href="https://www.npr.org/2024/09/15/nx-s1-5113155/murdoch-family-trust-fox-news-succession">reported </a>by NPR. Murdoch is looking to revise the trust structure to ensure his eldest son, Lachlan Murdoch, who currently holds the roles of executive chairman and CEO of Fox Corporation and chairman of News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>), assumes full control of the company.
Murdoch's other children oppose the trust amendment.
The court battle pitting Murdoch against his children may also spark a dispute over the future direction of Fox News, particularly whether it should remain partisan, as it currently leans toward right-wing viewpoints. Son James Murdoch has been critical of Fox News' pro-Donald Trump stance in recent years.
While Lachlan and his father have battled over the years, much like the characters on "Succession," Murdoch now believes that the eldest son could best position Fox and News Corp for the future.
Murdoch set up a family trust that would hand equal share and equal control to his holdings after his death as part of an agreement when he left his second wife Anna Torv Murdoch Mann. The trust and a $110 million payout to Murdoch Mann helped the media mogul avoid a fight over his media holdings.
Recent tensions between Rupert Murdoch&#8217;s children and their father have led to several of them skipping his wedding to his fifth wife, Elena Zhukova, earlier this year.
The Murdoch succession court battle is scheduled to begin on Monday and will remain private. A motion by NPR and other media outlets to make the trial public was denied by the probate official. Murdoch and his four oldest children are expected to appear in court.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/09/40776084/kendrick-lamar-to-perform-super-bowl-lix-halftime-could-apple-fox-and-universal-music-get-a">Kendrick Lamar To Perform Super Bowl LIX Halftime: Could Apple, Fox And Universal Music Get A Boost?</a>
Why It's Important: A change of Fox News could impact the large media company and take years to recover in viewership and advertising revenue as it charts a new path.
"If they were to change the direction and move into the direction of a CNN format, or go down the middle, it will lose its identity, lose viewers and lose revenues," former Fox News president Joe Peyronnin said, as shared by NPR.
James Murdoch has pushed for Fox News to be more similar to Sky News in Europe, a media company he previously ran when it was owned by Fox. James has been critical of the Murdoch family businesses coverage of topics like global warming and the 2020 election.
In 2023, Fox paid a <a href="https://www.benzinga.com/news/23/04/31870703/fox-dominion-reach-787-5m-settlement-in-defamation-case-over-2020-presidential-election-falsehoods">record $787.5 million settlement </a>in a defamation lawsuit from Dominion Voting Systems over allegations that Fox News falsely claimed the voting machines were fraudulent in the 2020 election.
With Fox and News Corp both publicly traded companies, the family battle will draw interest from investors and analysts, as the succession planning could determine what the future direction of the companies looks like.
FOX, NWS Price Action: Fox shares are up 0.4% to $36.91 on Monday, versus a 52-week trading range of $25.82 to $38.52. Fox stock is up 30% year-to-date in 2024.
News Corp stock is up 0.2% to $27.43 on Monday versus a 52-week trading range of $20.01 to $29.59. News Corp stock is up 7% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40779322/fox-sees-political-ad-surge-but-growth-concerns-prompt-analyst-downgrade">Fox Sees Political Ad Surge, But Growth Concerns Prompt Analyst Downgrade</a></li>
</ul>
Photo: Shutterstock

Legal

Trading Ideas

FOXA

Rupert Murdoch's Family Court Battle Over Fox Control Mirrors 'Succession' Drama

News Corp Considered Moving Away From Google's Ad Tools In 2017, But Estimated A Loss Of At Least $9M In Ad Revenue, Former Executive Testifies At Google's Antitrust Trial In Virginia

News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>) disclosed that its largest shareholder, Starboard Value LP, believes dual-class share structures are not in the best interests of shareholders and do not reflect <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40771870/starboard-value-issues-letter-to-news-corp-shareholders-regarding-a-proposal-to-eliminate-the-comp" rel="noreferrer noopener">best-in-class corporate governance practices</a>.
Starboard stated that extending super-voting rights to a founder&#8217;s heirs is unjustifiable. News Corp&#8217;s dual-class share structure, which transfers voting power from a founder to their children, exemplifies its worst aspects.
The Murdoch siblings&#8217; differing views could hinder strategic direction, and it&#8217;s unclear why their perspectives should outweigh those of other shareholders.
They further added, &#8220;This is clearly not the appropriate governance structure for a public company, and we believe it has exacerbated News Corp&#8217;s valuation discount relative to its inherent value.&#8221;
News Corp confirmed a stockholder had submitted a non-binding proposal for the 2024 Annual Meeting to eliminate the company&#8217;s dual-class capital <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40780616/news-corp-responds-to-non-binding-stockholder-proposal" rel="noreferrer noopener">structure through a recapitalization plan</a>.
However, the Board said that &#8220;the Company&#8217;s dual-class capital structure promotes stability and has facilitated the successful implementation of News Corp&#8217;s transformational strategy and long-term outperformance for all News Corp stockholders.&#8221;
&#8220;The Company has thrived under the current structure and guidance of the Board and senior leadership despite major changes in consumer behavior amidst the digital revolution of the last decade.&#8221;
Price Action: NWS shares are down 0.69% at $27.45 at the last check Tuesday.
Photo via Shutterstock
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<li><a href="https://www.benzinga.com//node/40798749" target="_blank" rel="noreferrer noopener">Brookfield Plans To Invest Up To $1.1B in eFuels: Details</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Large Cap

Starboard Says Dual-Class Structure Hurts News Corp's Valuation, Calls For Elimination

News Corp Receives Non-Binding Stockholder Proposal To Eliminate Dual-Class Structure; Board Reaffirms Support For Dual-Class Structure For Stability And Strategic Reasons

Hedge Fund Starboard Value Has Filed Shareholder Resolution To Abolish Dual-Class Shares At News Corp, Sources Say

WIIM

News Corporation shares are trading higher after the company reported better-than-expected Q4 financial results.

News Corporation (NWSA) Q1 2025 Earnings Call Transcript

US Justice Department investigating possible price-fixing in PVC market: reports

Guggenheim raised the firm's price target on News Corp. (NWSA) to $40 from $36 and keeps a Buy rating on the shares after updating the firm's model...

News Corp. price target raised to $40 from $36 at Guggenheim

Druckenmiller's Duquesne closes some media holdings, loads into regional banks, among Q3 trades

How much are AI giants paying to license content from online publishers?

News Corp.'s (NWS) book publishing unit HarperCollins and Microsoft (MSFT) are in a deal allowing the software giant to use HarperCollins' nonficti...

Microsoft in AI-learning deal with News Corp.'s HarperCollins, Bloomberg says

Microsoft inks deal with HarperCollins to train AI models: report

News Corp announced that, at its annual meeting of stockholders, stockholders "overwhelmingly" elected the company's full slate of directors and vo...

News Corp. says proposal to end dual-class capital structure defeated

News Corp. says no to proposal that called for end to dual-class share structure

J.P. Morgan analyst Donald Carducci maintained a Buy rating on News Corporation Shs B Chess Depository Interests repr 1 Sh (NWS – Research Report) ...

J.P. Morgan Sticks to Its Buy Rating for News Corporation Shs B Chess Depository Interests repr 1 Sh (NWS)

GOOG

GOOGL

HBAN

LBTYA

LBTYK

NTRA

NWSAL

OTTR

RDDT

TEVA

VRNA

WULF

Press Releases

Real Estate

Demand Rises as Sellers List their Homes and Buy New Ones

Leading Proxy Advisory Firms in the United States and Australia – ISS, Glass Lewis, Egan-Jones, and Ownership Matters – Unanimously Recommend Shareholders Vote FOR Starboard's Proposal to Eliminate News Corp's Dual-Class Share Structure

News Corporation Reports First Quarter Results for Fiscal 2025

Susan Panuccio to Depart News Corp in 2025, with Lavanya Chandrashekar Joining the Company as New Chief Financial Officer

Dow Jones Expands Investment in Ripjar

Realtor.com® Report Finds VA Borrowers Are More than Twice as Likely as Conforming Borrowers to Have a Low Down Payment

About 20% of NFL Fans Say Their Loyalty Highly Influenced Their Home Search, New Realtor.com® Survey Finds

Dow Jones Launches Factiva Smart Summary

News Corp Statement Following the 2024 Annual Meeting of Stockholders

Realtor.com® October Rental Report: Rents Fall Again, With More New Units Expected in 2025

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