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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.
Activist investor Starboard Value has built a stake in Rupert Murdoch's News Corp, and intends to push for changes at the parent company of MarketWatch and the Wall Street Journal, according to a report Sunday night.
Starboard believes the media company trades at a significant discount due to its structure.
A recent news story got me thinking about print media stocks making a comeback. Axios recently reported on Punchbowl News' revamped website.
The American hedge fund billionaire Ken Griffin, founder of the hedge fund Citadel LLC, is in talks to help fund a transatlantic takeover bid for U.K. newspaper, The Telegraph, led by Sir Paul Marshall of the London-based hedge fund Marshall Wace, The Telegraph reported.
The second debate of the Republican presidential primary of the 2024 election is set for Wednesday night, with at least six contenders preparing to face off against each other over key economic and social issues.
Murdoch's eldest son Lachlan will take over in November.