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[Note: News Corp Fiscal Year Ends in June]
News Corp announced Thursday that veteran communications advisor Arthur Bochner will become chief communications officer and executive vice president, following the retirement later this year of longtime spokesperson Jim Kennedy.
Lachlan Murdoch is now the Chair of News Corporation (NWSA, NWS), replacing his father Rupert, who became Chairman Emeritus. On Friday, the same transition will occur at Fox Corporation (FOXA, FOX), the company that owns Fox News.
News Corp CEO Robert Thomson noted the company has “led the quest for compensation for content from the big digital platforms."
News Corporation (NASDAQ:NWSA ) Q1 2024 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Michael Florin - Senior Vice President and Head, IR Robert Thomson - Chief Executive Susan Panuccio - Chief Financial Officer Conference Call Participants Lucy Huang - UBS Alan Gould - Loop Capital Ted Karakostas - JPMorgan Entcho Raykovski - Evans & Partners Craig Huber - Huber Research Brian Han - Morningstar Darren Leung - Macquarie Operator Welcome to News Corp's First Quarter Fiscal 2024 Earnings Conference Call. Today's conference is being recorded.
News Corp stock slides on fiscal 1Q results; CEO wants generative AI companies to pay up for content
News Corporation (NASDAQ:NWSA) stock fell 0.4% in extended trading Thursday despite beating Street expectations with its fiscal first-quarter results. The media conglomerate posted revenue of $2.50 billion, just above Street estimates of $2.49 billion.
CNBC's Alex Sherman and Julia Boorstin joins 'Power Lunch' to discuss Starboard acquiring stake in News Corp.
Shares of News Corp (NWSA) gained in early trading on Monday following reports activist investor Starboard Value has added to its stake in Rupert Murdoch's media company and is looking to make strategic and governance changes.
Starboard Value has built a sizable stake in News Corp (NASDAQ: NWSA). Shares of the mass media company are up 3.0% at writing.
Rupert Murdoch's media empire News Corp (NASDAQ:NWS) has reportedly become the latest target of activist investor Starboard Value. Seeking to implement strategic and governance changes, Starboard has built a stake in News Corp since the summer, according to Reuters.