NEW YORK, January 31, 2023--News Corp will release its second quarter Fiscal 2023 results on Thursday, February 9, 2023. News Corp Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio will discuss the results via a live audio webcast at 5:00 p.m. EST (Sydney: Friday, February 10, at 9:00 a.m. AEDT).
Large shareholders in News Corp on Wednesday applauded Rupert Murdoch's decision to withdraw a proposal to reunite the owner of Dow Jones and Fox Corp, as News Corp decided to pursue a sale of Move Inc instead. News Corp is in talks to sell Move, which operates the Realtor.com website, to CoStar Group, the company said on Tuesday confirming an earlier Reuters report. On Wednesday afternoon, News Corp shares were up over 5%, paring some earlier gains, as shareholders hailed the decision to abandon the deal with Fox to instead pursue the sale of Move at a significant premium to what News Corp first paid for the company it bought in 2014.