News Corporation (NWSA) is set to participate in the UBS Global Media and Communications Conference on December 10, 2024, starting at 9:00 AM ET. Interested parties can access the live webcast through the company's investor relations website.
HarperCollins Publishers' CEO Brian Murray will speak at the UBS Global Media and Communications Conference on December 10, 2024, at 9:00 AM EST. The session will be available via live webcast on the News Corp website, with a replay accessible afterward. News Corp, a diversified media and information services company, operates globally, focusing on authoritative content across various platforms, including book publishing and digital services.
By 2023, about 5% of large employers have adopted a 401(k) match for employees making student loan payments, a significant increase from 2% in 2022. This initiative, part of the Secure 2.0 package, aims to help workers balance debt repayment and retirement savings, with many more companies considering implementation by 2025. However, a majority of employers remain hesitant, citing existing benefits and concerns over fairness.
Fox News faces ongoing challenges, including a $2.7 billion defamation lawsuit from Smartmatic over 2020 election claims, following a previous $788 million settlement with Dominion Voting Systems. As Rupert Murdoch's health declines, his son Lachlan's control of the family media empire is uncertain, especially with potential opposition from his politically moderate siblings. The outcome of a Nevada probate court case could significantly impact Lachlan's voting power and the future of the Murdoch media assets.
REA Group shares rose 1.1% to A$236.76 after UBS increased its price target to A$268, citing strong first-quarter results that exceeded market expectations. The company is poised for significant growth in FY25, with sales estimates for FY25-27 revised upwards by 2% on average. In contrast, smaller rival Domain Holdings saw a 1.9% decline in shares, highlighting REA's outperformance, particularly in Sydney and Melbourne.
REA Group shares rose 1.1% to A$236.76 after UBS upgraded its price target to A$268, citing solid Q1 results that exceeded market expectations. The brokerage anticipates continued growth for REA in FY25, while Morningstar noted the company's outperformance against Domain Holdings, particularly in Sydney and Melbourne.
Australian company REA Group, controlled by News Corp, saw a 1% increase in its stock price to A$236.63 following strong first-quarter results that exceeded market expectations. UBS raised its price target to A$268 and maintained a "buy" rating, anticipating solid growth for the remainder of fiscal 2025. The company's revenue estimates for fiscal years 2025-2027 have been revised upward by an average of 2%, with REA's stock up 29.3% year-to-date.
Activist Irenic Capital Management has announced its support for Starboard Value's initiative to eliminate News Corp's dual-class share structure, which grants the Murdoch family significant control. This move comes ahead of a key shareholder meeting, as both firms aim to unlock value and potentially split off the company's online real estate business. Proxy advisory firms ISS and Glass Lewis are also backing this effort, despite a previous failed attempt to dissolve the structure nearly a decade ago, which was favored by 90% of non-Murdoch shareholders.
Two former Pfizer executives, Ian Read and Frank D’Amelio, have distanced themselves from activist investor Starboard Value's plans to overhaul the company, citing support for current management. Starboard alleges they were coerced into this stance, claiming threats of litigation and compensation clawbacks. The investor, which holds a $1 billion stake in Pfizer, is pushing for changes amid the company's declining profitability and challenges in the pharmaceutical market.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
