Ultime notizie per News (NASDAQ:NWSA) 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

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

Guggenheim analyst Curry Baker maintains News (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) with a Buy and raises the price target from $36 to $40.

Price Target

Analyst Ratings

Guggenheim Maintains Buy on News, Raises Price Target to $40

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 Appoints Lavanya Chandrashekar As CFO; Succeeds Susan Panuccio

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

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

Rupert Murdoch&#8217;s Dow Jones and the New York Post have initiated legal proceedings against Jeff Bezos-backed AI firm Perplexity, alleging unauthorized use of their content and redirection of traffic to its platforms.
What Happened: On Monday, the News Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>)-owned entities claimed that Perplexity has been using their copyrighted material to train its AI, thereby enabling users to circumvent the publishers&#8217; websites, <a href="https://edition.cnn.com/2024/10/21/media/rupert-murdoch-dow-jones-perplexity-lawsuit/index.html#:~:text=Rupert%20Murdoch's%20Dow%20Jones%2C%20the,traffic%20to%20its%20own%20platforms.">reported</a> CNN.
The lawsuit alleges that <a href="https://www.benzinga.com/general/entrepreneurship/24/08/40292703/perplexity-ais-revenue-usage-skyrocket-as-it-enters-into-advertising">Perplexity&#8217;s business model</a> involves &#8220;massive freeriding&#8221; on the plaintiffs&#8217; protected content, competing for the same audience, and depriving them of crucial revenue sources.
See Also: <a href="https://www.benzinga.com/news/24/10/41422278/nvidias-new-free-open-source-ai-model-reportedly-outperforms-openais-gpt-4o-anthropics-claude-3-5-so?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s New Free, Open Source AI Model Reportedly Outperforms OpenAI&#8217;s GPT-4o, Anthropic&#8217;s Claude 3.5 Sonnet</a>
News Corp CEO Robert Thomson accused Perplexity of copying large amounts of copyrighted material without compensation and presenting repurposed material as a direct substitute for the original source.
Perplexity did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The lawsuit comes on the heels of a cease-and-desist letter sent to Perplexity by The New York Times less than a week ago, demanding the startup stop using the newspaper's content.
The Times also sued ChatGPT-parent OpenAI last year <a href="https://www.benzinga.com/startups/24/01/36715030/despite-openai-claiming-new-york-times-lawsuit-is-without-merit-the-ai-giant-tells-uk-regulators-a-d">for copyright infringement</a>, accusing the company of using its reporting to train its chatbots without permission.
Earlier this year, News Corp signed a significant deal with OpenAI, licensing its news content in an agreement reported to be <a href="https://www.benzinga.com/news/24/05/38975543/news-corp-stock-pops-on-multiyear-deal-with-openai">worth more than $250 million</a>.
Meanwhile, Perplexity has seen its valuation triple in the past year, aiming for an <a href="https://www.benzinga.com/markets/equities/24/10/41420230/jeff-bezos-backed-perplexity-aims-for-8b-valuation-in-new-funding-round-ai-fueled-google-challen">$8 billion valuation</a> in its latest funding round.
The AI startup has also <a href="https://www.benzinga.com/news/24/09/40972869/jeff-bezos-backed-perplexity-ai-in-discussion-with-marriott-and-nike-as-it-prepares-to-challenge-to">been in talks with top-tier companies</a> like Nike Inc. and Marriott International and is developing a "sponsored" question system to challenge Google's auction-based ads model.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41395202/tim-cook-called-to-complain-about-billions-in-eu-fines-imposed-on-apple-says-trump-im-not-going-to-l?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tim Cook Called To Complain About Billions In EU Fines Imposed On Apple, Says Trump: &#8216;I&#8217;m Not Going To Let Them Take Advantage Of Our Companies&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Legal

Tech

Media

Rupert Murdoch's Dow Jones, New York Post Sue Jeff Bezos-Backed Perplexity For Copyright Infringement, Accuse AI Firm Of 'Massive Freeriding'

Dow Jones, NYP Holdings File Lawsuit Against Perplexity AI For Copyright Infringement

News's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NYSE">NWSA</a>) short percent of float has risen 35.94% since its last report. The company recently reported that it has 6.58 million shares sold short, which is 1.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.63 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>News Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728671426_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for News has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing News's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, News's peer group average for short interest as a percentage of float is 3.43%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(NWSA) - Analyzing News's Short Interest

News's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NYSE">NWSA</a>) short percent of float has risen 5.79% since its last report. The company recently reported that it has 4.84 million shares sold short, which is 1.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.81 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>News Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727281812_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for News has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing News's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, News's peer group average for short interest as a percentage of float is 4.19%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About News?

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

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

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>TD Cowen raised the price target for Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) from $165 to $180. TD Cowen analyst Derrick Wood maintained a Buy rating. Oracle shares fell 1.4% to close at $139.89 on Monday. <a href="https://www.benzinga.com/quote/ORCL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BTIG boosted the price target for Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) from $150 to $165. BTIG analyst Janine Stichter maintained a Buy rating. Boot Barn shares gained 3% to close at $139.55 on Monday. <a href="https://www.benzinga.com/quote/BOOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities raised Terns Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TERN#NASDAQ">TERN</a>) price target from $15 to $20. JMP Securities analyst Silvan Tuerkcan maintained a Market Outperform rating. Terns Pharmaceuticals shares gained 16.8% to close at $9.12 on Monday. <a href="https://www.benzinga.com/quote/TERN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) price target from $76 to $80. B of A Securities analyst Andrew Obin upgraded the stock from Neutral to Buy. Johnson Controls shares gained 1.1% to close at $68.60 on Monday. <a href="https://www.benzinga.com/quote/JCI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital cut the price target for Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) from $40 to $38. BMO Capital analyst Keith Bachman maintained an Outperform rating. Rubrik shares rose 4.4% to close at $32.06 on Monday. <a href="https://www.benzinga.com/quote/RVRK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Redburn Atlantic boosted Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) price target from $860 to $890. Redburn Atlantic analyst Daniela Nedialkova downgraded the stock from Buy to Neutral. Costco shares gained 2.3% to close at $896.49 on Monday. <a href="https://www.benzinga.com/quote/COST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised IDEAYA Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDYA#NASDAQ">IDYA</a>) price target from $63 to $68. Stifel analyst Benjamin Burnett maintained a Buy rating. IDEAYA Biosciences shares rose 0.7% to close at $36.45 on Monday. <a href="https://www.benzinga.com/quote/IDYA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased the price target for Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) from $360 to $400. Baird analyst William Power maintained an Outperform rating. Axon Enterprise shares gained 2.8% to close at $364.39 on Monday. <a href="https://www.benzinga.com/quote/AXON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank boosted Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) price target from $62 to $83. Deutsche Bank analyst Derek Johnston upgraded the stock from Hold to Buy. Equity Residential shares gained 1% to close at $75.10 on Monday. <a href="https://www.benzinga.com/quote/EQR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital boosted News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) price target from $38 to $39. Loop Capital analyst Alan Gould maintained a Buy rating. News Corporation shares gained 0.1% to close at $26.60 on Monday. <a href="https://www.benzinga.com/quote/NWSA/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying ORCL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21-1024x486.png" alt="" class="wp-image-539772" style="width:624px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21-1024x486.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21-300x142.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21-768x364.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10083548/image-1-21.png 1396w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40785814/dow-jumps-over-1-following-last-weeks-selloff-investor-sentiment-improves-but-fear-greed-index-rema">Dow Jumps Over 1% Following Last Week&#8217;s Selloff: Investor Sentiment Improves, But Fear &amp; Greed Index Remains In &#8216;Fear&#8217; Zone</a></li>
</ul>

Pre-Market Outlook

Markets

AXON

BOOT

COST

IDYA

ORCL

RBRK

TERN

Oracle To Rally Around 29%? Here Are 10 Top Analyst Forecasts For Tuesday

Loop Capital analyst Alan Gould maintains News (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) with a Buy and raises the price target from $38 to $39.

Loop Capital Maintains Buy on News, Raises Price Target to $39

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

The Nasdaq 100 closed lower by over 500 points during Friday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Microsoft</h3>
<ul>
<li>The Trade: Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) EVP, CFO Amy Hood <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 40,450 shares</a> at an average price of $410.55. The insider received around $15.6 million from selling those shares.</li>
<li>What's Happening: Microsoft Corp recently launched a new line of Windows PCs with AI capabilities.</li>
<li>What Microsoft Does: Microsoft develops and licenses consumer and enterprise software.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1"> latest MSFT news. </a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="907" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09074623/image-68.png" alt="" class="wp-image-537138" style="width:634px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09074623/image-68.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09074623/image-68-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09074623/image-68-768x704.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></figure>
<h3 class="wp-block-heading">McKesson</h3>
<ul>
<li>The Trade: McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) CEO Brian S. Tyler sold a total of 3,753 shares at an average price of $561.10. The insider received around $2.11 million from selling those shares.</li>
<li>What's Happening: McKesson, last week, signed an agreement to sell its Canada-based Rexall and Well.ca businesses to Birch Hill Equity Partners.</li>
<li>What McKesson Does: McKesson Corp is one of three leading pharmaceutical wholesalers in the us engaged in sourcing and distributing branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1">trend in MCK stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="908" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09052922/image-1-16.png" alt="" class="wp-image-536858" style="width:657px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09052922/image-1-16.png 908w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09052922/image-1-16-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09052922/image-1-16-768x712.png 768w" sizes="(max-width: 908px) 100vw, 908px" /></a></figure>
<h3 class="wp-block-heading">News Corporation</h3>
<ul>
<li>The Trade: News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>) Chief Technology Officer David R Kline <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 10,000 shares</a> at an average price of $26.96. The insider received around $269,626 from selling those shares.</li>
<li>What's Happening: On Aug. 8, News Corporation reported better-than-expected fourth-quarter financial results.</li>
<li>What News Corporation Does: News Corporation is a diversified media conglomerate with significant presence in the us, the UK, and Australia. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1">breakout in NWSA shares. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="888" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053038/image-63.png" alt="" class="wp-image-536860" style="width:650px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053038/image-63.png 888w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053038/image-63-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053038/image-63-768x725.png 768w" sizes="(max-width: 888px) 100vw, 888px" /></a></figure>
<h3 class="wp-block-heading">Fluor</h3>
<ul>
<li>The Trade: Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) EVP, CFO Joseph L Brennan sold a total of 31,260 shares at an average price of $46.65. The insider received around $1.46 million from selling those shares.</li>
<li>What's Happening: On Aug. 2, Fluor reported second-quarter fiscal 2024 revenue growth of 7.3% year over year to $4.227 billion, missing the consensus of $4.360 billion.</li>
<li>What Fluor Does: Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services. </li>
<li>Benzinga Pro's earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1">FLR&#8217;s earnings reports. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="888" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053132/image-64.png" alt="" class="wp-image-536861" style="width:614px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053132/image-64.png 888w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053132/image-64-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09053132/image-64-768x720.png 768w" sizes="(max-width: 888px) 100vw, 888px" /></a></figure>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40767657/s-p-500-records-largest-weekly-decline-since-march-2023-as-nvidia-google-tumble-fear-greed-index">S&amp;P 500 Records Largest Weekly Decline Since March 2023 As Nvidia, Google Tumble: Fear &amp; Greed Index Moves To &#8216;Fear&#8217; Zone</a></li>
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News Corporation (NWSA) Q1 2025 Earnings Call Transcript

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Press Releases

Irenic Capital to Support Elimination of News Corp's Dual-Class Share Structure

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