NWS - News Corporation

NasdaqGS - NasdaqGS Real-time price. Currency in USD
15.23
-0.02 (-0.13%)
At close: 4:00PM EST
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Previous close15.25
Open15.25
Bid12.98 x 3200
Ask15.62 x 2900
Day's range15.19 - 15.34
52-week range11.38 - 15.36
Volume725,620
Avg. volume617,122
Market cap8.834B
Beta (5Y monthly)1.49
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.20 (1.31%)
Ex-dividend date08 Sep 2019
1y target estN/A
  • Justice Department Questions Publishers in Ongoing Google Probe
    Bloomberg

    Justice Department Questions Publishers in Ongoing Google Probe

    (Bloomberg) -- The U.S. Justice Department is organizing meetings with large publishing companies to seek information about how Alphabet Inc.’s Google operates in the digital advertising market, according to people familiar with the matterIn a sign the government is advancing its antitrust investigation, the agency has contacted News Corp., Conde Nast and The New York Times Co. within the last two months. At least one of the meetings, with Conde Nast representatives, already occurred, two people said.The meetings come about five months into the Justice Department’s broad investigation into whether technology platforms, including Google, are using their dominance to thwart competition in digital markets. The Google probe focuses on digital advertising, search operations and conduct in the shopping-comparison market.News organizations have long harbored grievances about Google’s control over the digital advertising market. Media companies have struggled to win enough digital advertising dollars to make up for the shortfall in print advertising as more readers seek content online and digital marketers become increasingly focused on targeting individuals instead of publications’ audiences.While the Justice Department met with publishers early in the Google probe, the recent outreach was initiated by the department and questions are more in-depth, said two of the people. The information gathered by investigators could be used to build an antitrust case against the company. The people familiar declined to be named because they weren’t authorized to speak publicly.A Google spokeswoman pointed to a blog post in which the company argues that it competes with many others in the digital advertising industry, including Amazon.com Inc., Facebook Inc., Oracle Corp. and Verizon Communications Inc.News Corp., The New York Times, Conde Nast and the Justice Department declined to comment.Google’s advertising practices have an outsized impact on the news business. Google and Facebook take in about 60% of all U.S. digital advertising revenue, according to eMarketer, a research firm. News Corp., which publishes The Wall Street Journal and owns HarperCollins Publishers, has complained publicly to regulators about Google’s dominance in the technology ecosystem that delivers ads across the internet. News Corp. has invested in digital advertising companies that compete with Google.Google maintains that it passes on 70% of revenue generated by digital advertising to publishers and has invested in new programs to help news organizations drum up subscriptions and adapt to the digital age. Some publishers have said the figure is lower.Publishers and advertisers have long complained that Google’s vast and complex digital advertising system is a “black box” that leaves them in the dark about how ad placements are fulfilled and how prices are set.The process of showing a single ad to a person visiting a web page often involves an assembly line of different companies for buyers and sellers, many of which are controlled by Google. For instance, an advertiser might use Google Campaign Manager and Google Display & Video 360 to store its digital advertisements and manage its bidding for advertisement placements. On the other end of the process, publishers depend on Google Ad Manager to conduct auctions between marketers for ad space on their websites.For more: How Google’s Ad Ecosystem WorksGoogle’s recent decision to stop supporting third-party cookies over the next two years may have caught the government’s eye. Cookies are a key tool used by marketers to track would-be customers as they move around the internet -- an essential part of the digital advertising ecosystem.Google’s move, announced in a blog, may offer users more privacy but also gives the company more power by cutting off marketers’ use of valuable information about their customers. The company has previously warned that publishers could see a drop in revenue after the elimination of cookies.Publishers note that any changes Google makes to its search engine can have an outsized impact on how their readers find and see their content.Deputy Attorney General Jeffrey Rosen said in an interview last year that the department plans to move quickly and keep the probe from dragging on.The review coincides with other federal and congressional inquiries into the online platforms. The Federal Trade Commission, which shares antitrust jurisdiction, is also probing the technology sector. Texas Attorney General Ken Paxton is leading a multi-state probe into Google, focused on its power in the advertising market.Rhode Island Democrat David Cicilline, chair of the House Judiciary Committee’s antitrust panel, is also examining the tech sector, including how Google and Facebook treat the news business.\--With assistance from Gerrit De Vynck.To contact the reporters on this story: Naomi Nix in Washington at nnix1@bloomberg.net;David McLaughlin in Washington at dmclaughlin9@bloomberg.net;Mark Bergen in San Francisco at mbergen10@bloomberg.net;Gerry Smith in New York at gsmith233@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net;Nick Turner at nturner7@bloomberg.net;Jillian Ward at jward56@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • McConnell Backs Bill to Give News Outlets Leverage Over Big Tech
    Bloomberg

    McConnell Backs Bill to Give News Outlets Leverage Over Big Tech

    (Bloomberg) -- Senate Majority Leader Mitch McConnell is cosponsoring a bipartisan bill that would help news publishers jointly negotiate with internet platforms such as Facebook Inc. and Alphabet Inc.’s Google.The Kentucky Republican added his support to the bill on Monday, according to Congress’s website. The legislation would grant publishers a four-year exemption from antitrust laws so they could negotiate financial terms with the tech giants that often serve as a gateway for readers and online advertisers.McConnell’s support arrives as the companies increasingly come under fire in Washington on issues ranging from privacy to election interference. They have also been accused of controlling too much of the advertising market, to the detriment of news outlets who rely on the companies to reach advertisers and their audiences.The bill, which has seven Senate supporters in total, was introduced by Senators John Kennedy, a Louisiana Republican, and Amy Klobuchar, a Minnesota Democrat. A companion measure in the House was introduced by the chairman of the antitrust subcommittee, Democratic Representative David Cicilline of Rhode Island, and the Judiciary Committee’s top Republican, Representative Doug Collins of Georgia.Last month, two additional senators, Cory Booker, a New Jersey Democrat, and Rand Paul, a Kentucky Republican also signed onto the legislation.David Chavern, president of the News Media Alliance, a trade group for publishers that supports the bill, said the latest sponsorships suggest the proposal is gaining momentum.“There is bipartisan concern about the future of local news,” said Chavern, whose group counts the New York Times, the Washington Post and News Corp. as members. “Local news in particular needs to find its way to a new economic model and that economical model runs through Google and Facebook.”Bloomberg News does not belong to the publishers’ group.In response to criticism in recent years, tech companies have been making changes to the way they handle news content. Last year, Facebook introduced a separate news section in its flagship app, offering users more control over articles they see and providing money to the publishers whose stories are featured. Google has said it drives readers to publishers’ websites and has created new programs to improve advertising and technology practices of media companies.Representatives for Google and Facebook did not immediately comment on McConnell’s move. Both companies have lobbied on the measure, as has News Corp., according to disclosures with Congress.Carl Szabo, vice president of the tech trade group NetChoice, which counts Facebook and Google as members, said the measure would be “absurd” and urged lawmakers to reject it.“If passed, an antitrust exemption would likely only cement media cartels dominated by the likes of Rupert Murdoch, not local journalists,” said Szabo, referring to the founder of News Corp.To contact the reporters on this story: Ben Brody in Washington, D.C. at btenerellabr@bloomberg.net;Naomi Nix in Washington at nnix1@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Elizabeth Wasserman, Jon MorganFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Tremor International looks to boost video advertising with News Corp deal

    The London-listed firm said as part of the deal, it would issue about 6.91% of its voting share capital to News Corp, the owner of the Wall Street Journal and The Times. As more people switch to online services, ad dollars are also moving to digital platforms like Facebook and Google, making video advertising a lucrative market. News Corp will be subject to a lock-up period of 18 months and both parties have agreed to spending 30 million pounds ($39.25 million) in ads over three years.

  • States Step Up Google Scrutiny Over Antitrust Issues
    Bloomberg

    States Step Up Google Scrutiny Over Antitrust Issues

    (Bloomberg) -- State officials investigating Alphabet Inc.’s Google met Monday to dive into competition issues surrounding the search giant as they press forward with an investigation into whether the company is violating antitrust laws, according to people familiar with the matter.The officials met privately in Denver with outside experts with the goal of gaining a deeper understanding of Google’s businesses and the dynamics of the markets it operates in, including digital advertising, said one of the people.The gathering comes two months after all but two states opened an antitrust investigation into Google with an initial focus on its advertising practices, according to an investigative demand sent to the company. Publishers have long complained that Google’s dominance in the technology that delivers ads across the web harms competition.The meeting was similar to one held last month in New York where state officials met with experts about Facebook Inc. The social media giant is under investigation by 45 states, Guam and the District of Columbia.One of the aims of the Google meeting was to help state officials prepare for an investigation that will likely present challenging competition issues, said one of the people. The states were also planning to map out a strategy for dividing the workload of the investigation, said two of the people.Among those advising the states is Cristina Caffarra, an economist at Charles River Associates. Google has complained about Caffarra’s work for the state because of her past work for Google adversaries News Corp., Microsoft Corp., and Russia’s Yandex NV.The states are investigating Google in parallel to a Justice Department antitrust probe of the company. The House Judiciary Committee’s antitrust panel is also conducting an inquiry into Google and other large tech companies.(Updates from fifth paragraph with challenges of the antitrust investigation. A previous version of this story was corrected to clarify the number of states and attorneys general investigating.)To contact the reporters on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.net;Ben Brody in Washington, D.C. at btenerellabr@bloomberg.net;Naomi Nix in Washington at nnix1@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 'The true religion of America': Why one TV mogul is going all in on sports
    Yahoo Finance

    'The true religion of America': Why one TV mogul is going all in on sports

    As streaming has turned the television industry on its head, one media mogul went against the trend this year. He revealed the advice from News Corp. Founder Rupert Murdoch by way of Oracle CEO Larry Ellison that led him to do it.

  • Morningstar

    News Corporation's Fall Disappointing

    Our fair value estimate remains with the shares now trading at only a modest discount.

  • Antitrust Probe Flames Tense Google-News Corp Relationship
    Market Realist

    Antitrust Probe Flames Tense Google-News Corp Relationship

    Google (GOOGL) seems uncomfortable with experts and critics' involvement in the ongoing state-led antitrust problem of its business practices.

  • Bloomberg

    Google Protests News Corp., Microsoft Ties in Texas Probe

    (Bloomberg) -- Google says its confidential business information is at risk in the nationwide antitrust probe of the company because the Texas attorney general’s office, which is leading the investigation, hired two consultants that have worked for Google adversaries.Parent company Alphabet Inc. went to court Thursday to restrict Texas’s ability to disclose sensitive information to consultants who have worked for competitors and other companies such as News Corp. and Microsoft Corp. that have complained about Google to regulators.Google specifically cited the hiring of Cristina Caffarra, an economist with consulting firm Charles River Associates who has worked for Google adversaries News Corp., Microsoft, and Russia’s Yandex NV, according to the court filing in Texas.Caffarra is providing Texas Attorney General Ken Paxton’s office with “expert examinations, observations, opinions, consultations, analyses, reports, testimony, and other services,” according to a contract released by the state. She is working for free, according to her contract.The arrangement, Google said in court papers, “creates a significant risk that Google’s confidential business information could be inappropriately disclosed to and used by its adversaries.”“We’ve provided millions of pages of documents in response to regulatory inquiries, and we’re committed to cooperating,” Google said in a statement. “But this is an extraordinarily irregular arrangement and it’s only fair to have assurances that our confidential business information won’t be shared with competitors or vocal complainants.”A spokesman for the attorney general said the office has been engaged in “good-faith” negotiations with Google to protect the company’s sensitive business information.“While these negotiations were ongoing, Google, without any notice, made a lengthy court filing challenging our right to employ many of the most knowledgeable in this complex field,” Marc Rylander, the Texas AG’s spokesman, said in an email. “Google is not entitled to choose the states’ expert or run the states’ investigation.”The fight over the consultants comes after Paxton’s office issued a civil investigative demand to Google in September seeking detailed information about the company’s advertising business.Google said in court papers it’s not seeking to bar disclosure of business information to any Texas consultant who has worked for a rival or complaining company, only those who are currently employed by them. Consultants who are likely to work for Google competitors should not be able to work for them during the states’ investigation and one year afterward, Google said.The company is also unhappy with Paxton’s hiring of Eugene Burrus, a former assistant general counsel at Microsoft who is now an adviser at McKinsey & Co. Microsoft was a longtime foe of Google and advocated in the U.S. and Europe for antitrust action against the company. Burrus also represented clients in antitrust cases against Google, the company said. His maximum fee is $75,000, according to his contract.“Absent appropriate limitations, Mr. Burrus likely will attempt to use his experience on this investigation, including his access to confidential Google information, to market himself to prospective clients with interests adverse to Google,” the company said.Caffarra, News Corp. and Microsoft declined to comment. Burrus didn’t immediately respond to a message sent to him on LinkedIn.Google is asking the Texas court for a protective order including advance notice of third parties accessing its confidential information and limits to Texas’s ability to disclose company information to competitors and consultants.The company was due to begin delivering documents to Texas in early November, according to a person familiar with the matter. The request, which will go to a judge, could delay that, said the person, who asked not to be named discussing sensitive matter.Google may offer to start handing over documents as long as Paxton’s office doesn’t share the material with third parties until the matter is resolved, the person added.(Updates with comments from Texas AG’s spokesman in the seventh paragraph.)\--With assistance from Gerry Smith.To contact the reporters on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.net;Ben Brody in Washington, D.C. at btenerellabr@bloomberg.net;Mark Bergen in San Francisco at mbergen10@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Mark Niquette, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Facebook Launches News Section to Compensate Publishers

    (Bloomberg) -- Facebook Inc. introduced a separate news section in its flagship app, offering users more control over articles they see and providing money to the publishers whose stories are featured.The section, called Facebook News, helps the social-media giant stem criticism on two fronts: It’s an effort to combat misinformation and could improve relationships with media companies, which have complained that Facebook profits from selling advertising alongside their articles.Facebook News debuts Friday to some users in the U.S. It will feature articles chosen partly by Facebook employees who “will be free from editorial intervention by anyone at the company.” The section also will be personalized based on news that users prefer and they can hide articles, topics or publishers they don’t want to see.The section will include stories from about 200 publishers, including national outlets like the Washington Post, Wall Street Journal, NBC News and ABC News, and local outlets in big cities such as the Chicago Tribune and Dallas Morning News. It also will feature conservative-leaning sites, including Breitbart News.“We worked really hard to honor their business model and recognize the importance of original reporting,” Campbell Brown, who oversees news partnerships at Facebook, said in an interview.At an event hosted by Twitter on Thursday, New York Times Chief Operating Officer Meredith Kopit Levien said “it’s a welcome development for any platform to be compensating the publisher for use of the content in any form.”A Times spokeswoman confirmed the newspaper’s participation in Facebook’s news section early Friday by email. “Facebook News should make quality news easier to find in the Facebook environment and easier to distinguish from other forms of content,” said the spokeswoman, Danielle Rhoades Ha.Bloomberg also is participating in Facebook News.Facebook executives say they chose the publishers based on surveys that found users want more articles on entertainment, health, business and sports. It also picked outlets that adhere to Facebook’s guidelines, weeding out those that serve misinformation, hate speech or clickbait. News articles will still appear in Facebook’s main News Feed.Peace Offering?To some publishers, Facebook’s new initiative amounts to a goodwill gesture after years of tensions. In the past, Facebook has asked them to dedicate resources to produce work for a new initiative like Facebook Live, then left them frustrated when the social-media company shifted strategies.“This is the first time we’re going to be forming long-term, stable relationships with publishers,” Facebook Chief Executive Officer Mark Zuckerberg said. “For the first time we’re making multi-year financial commitments.”Facebook is paying some publishers $1 million to $3 million a year to put their articles in the new section. In most cases, links in the new section will take readers back to publishers’ websites, which helps them attract advertising and subscriptions. That’s different from other Facebook initiatives, like Instant Articles, which kept readers on the main site.Zuckerberg spoke at an event in New York at the Paley Center for Media, where he was in friendly conversation with Robert Thomson, CEO of News Corp. Thomson and his boss, News Corp. Executive Chairman Rupert Murdoch, have been among Facebook’s loudest critics, calling on the company to pay media companies for articles the way that a cable-TV company pays Walt Disney Co. to carry ESPN.Facebook users want to see their friends and family in their news feeds, Zuckerberg said, and that they don’t have a lot of room there for high-quality news content. That’s why it’s better to have a separate tab, which will definitely draw a smaller audience, maybe 10% to 20% of the main feed, but that will still be significant. Facebook is working on similar partnerships around the world.One challenge for Facebook will be getting people to visit the news tab, which will appear at the bottom of the app. It can be hard to change users’ habit of scrolling the News Feed, rather than clicking on a separate tab. Facebook’s streaming video tab, called Facebook Watch, has struggled to gain traction.The news team will have editorial independence when it comes to stories about the company, Brown said. That means they can feature news about Facebook if warranted.“There is a clear separation with regards to the editorial team,” she said. “They have independence and they can curate Facebook and would curate Facebook the way they would any other story.”(Updates with comments from Zuckerberg in 11th paragraph.)To contact the reporters on this story: Gerry Smith in New York at gsmith233@bloomberg.net;Sarah Frier in San Francisco at sfrier1@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Zacks

    Facebook (FB) Inks Deal With News Corp for Upcoming News Tab

    Facebook (FB) to feature Wall Street Journal Publisher News Corp's stories on upcoming News Tab.

  • News Corp to supply headlines for Facebook's upcoming news tab
    Reuters

    News Corp to supply headlines for Facebook's upcoming news tab

    The WSJ, which first reported about the deal, said news publications Washington Post, BuzzFeed News, and Business Insider have also reached a similar deal with Facebook. The news organizations will be paid a licensing fee to supply headlines, the WSJ reported.

  • EU Court: Google’s $1.1 Billion German Copyright Fee Unenforceable
    Market Realist

    EU Court: Google’s $1.1 Billion German Copyright Fee Unenforceable

    According to an EU court ruling, Google (GOOGL) will not have to pay a $1.1 billion copyright fee that a German publishing group demanded.

  • Google: Is Its News Service Trying to Get ahead of News Corp?
    Market Realist

    Google: Is Its News Service Trying to Get ahead of News Corp?

    Google (GOOGL) updated its online news search technology to prioritize original reporting when returning search results.

  • The Zacks Analyst Blog Highlights: Alphabet, Facebook, Twitter, News Corp and Apple
    Zacks

    The Zacks Analyst Blog Highlights: Alphabet, Facebook, Twitter, News Corp and Apple

    The Zacks Analyst Blog Highlights: Alphabet, Facebook, Twitter, News Corp and Apple

  • Zacks

    Alphabet Roundup: Hong Kong, News Competitor, Waymo, Privacy, Kids, Assistant

    Alphabet has been busy thwarting the Hong Kong influence campaign, opening up Waymo data for licensing, suggesting privacy standards, dealing with kids and outdoing other personal assistants.

  • Can Knewz by News Corp Challenge Google’s Ad Business?
    Market Realist

    Can Knewz by News Corp Challenge Google’s Ad Business?

    News Corp (NWSA), a longtime Google (GOOGL) critic, wants to take Google on in the online news distribution space. Here's how.

  • Reuters

    News Corp developing 'Knewz.com' service to take on Google News: WSJ

    It will draw from hundreds of news sources, including national outlets such as The Wall Street Journal, New York Times, the Washington Post and NBC News, digital-native players, magazine publishers and local newspapers, the Journal said. News Corp, which owns Dow Jones Newswires, HarperCollins book publishing business and the Wall Street Journal, did not immediately respond to a request for comment.

  • What Should Investors Know About News Corporation's (NASDAQ:NWSA) Earnings Trajectory?
    Simply Wall St.

    What Should Investors Know About News Corporation's (NASDAQ:NWSA) Earnings Trajectory?

    The most recent earnings update News Corporation's (NASDAQ:NWSA) released in August 2019 showed that the company...

  • News Corporation (A Shares) (NWSA) Q4 2019 Earnings Call Transcript
    Motley Fool

    News Corporation (A Shares) (NWSA) Q4 2019 Earnings Call Transcript

    NWSA earnings call for the period ending June 30, 2019.

  • DOJ Scrutinizes Google Advertising, Search in Antitrust Probe
    Bloomberg

    DOJ Scrutinizes Google Advertising, Search in Antitrust Probe

    (Bloomberg) -- The Justice Department is scrutinizing Google’s digital advertising and search operations as authorities gear up a broad antitrust review of the market power of giant internet companies, according to people familiar with the matter.Antitrust officials have been actively meeting over the past month with third-party companies that could have grievances against Google, including publishers and consumer-facing websites, said two people familiar with the matter. Advertisers and ad-tech companies have also met with the officials, and more meetings are on the calendar, one of the people said.The focus on advertising and search operations signals where the department could be taking its inquiry, which is in its early stages and could drag on for months. The range of companies meeting with the antitrust officials goes beyond those that have previously voiced complaints, which include Oracle Corp., News Corp. and Yelp Inc., the person said.Bloomberg reported in June that the Justice Department was preparing to investigate Google, but this is the first indication of the status and scope of the review.The antitrust division, led by Makan Delrahim, is pouring resources into the inquiry, drawing in lawyers from other sections of the agency to study the issues, one of the people said. While the division is exploring the digital advertising and search markets in the review’s initial stages, it will continue to narrow down the ultimate focus, one of the people said.Google controls much of the technology that news publishers and marketers use to serve ads across the internet and nets most of its revenue from ads. The company reported $116.3 billion in advertising revenue last year, which represented 85% of overall sales. It doesn’t break out its revenue by channels. Publishers and rivals have complained that Google’s dominance hinders competition in that market. Earlier this year, the European Union fined Google $1.7 billion for violating competition law with its online practices.Google said its innovations have reduced prices and expanded choice for consumers and merchants, pointing to its testimony before a House antitrust panel in July. “We have created new competition in many sectors, and new competitive pressures often lead to concerns from rivals,” Google lawyer Adam Cohen said in prepared comments for the hearing. “We have consistently shown how our business is designed and operated to benefit our customers.”The Justice Department declined to comment. The people described the investigation under condition of anonymity due to the confidential nature of the inquiry.Attorney General William Barr has elevated a lawyer from the antitrust division to be his point person on the review, signaling his hands-on interest in the issue. Lauren Willard has been appointed to serve as his counselor and report to him on developments in the inquiry, according to a department official.The Justice Department last month announced its broad review of whether technology giants are hurting competition following mounting criticism across Washington that the companies have become too big and too powerful. The department hasn’t specified which firms it would scrutinize.Bloomberg reported in June that U.S. antitrust agencies carved up oversight of four tech giants, with the department taking Alphabet Inc.’s Google and Apple Inc., and the Federal Trade Commission claiming Facebook Inc. and Amazon.com Inc.Read More: Far From Silicon Valley, Trustbusters Plotted Big Tech AssaultThe investigation is a sign of the escalating pressure on tech giants, from Capitol Hill to President Donald Trump, who accuses the companies of silencing conservative views.The giants of the industry are under fire over massive collection of user data, failing to police content on their platforms, and claims that they are harming competition and reducing choices for consumers.\--With assistance from Chris Strohm, Naomi Nix, Mark Bergen and Ben Brody.To contact the reporters on this story: Sara Forden in Washington at sforden@bloomberg.net;David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Mark NiquetteFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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