News Corp Stock Price, News & Analysis

News Corporation (NWS, NWSA) announced a private offering of $500 million in Senior Notes due 2032, with a 5.125% interest rate payable semi-annually. The sale, set to close on February 11, 2022, aims to fund acquisitions of Base Chemicals and Oil Price Information Service from S&P Global and IHS Markit. The offering is made under the Securities Act exemptions for qualified institutional buyers and non-U.S. persons. The Notes will not be registered under the Securities Act, restricting sales within the U.S.

News Corporation has announced a private offering of $500 million aggregate principal amount of Senior Notes due 2032. The proceeds will mainly be used for general corporate purposes, including acquisitions of the Base Chemicals and Oil Price Information Service businesses from S&P Global Inc. and IHS Markit Ltd. This offering will be conducted under exemptions of the Securities Act of 1933, aimed at qualified institutional buyers and non-U.S. persons. The Notes will not be registered under the Securities Act.

In January 2022, the U.S. housing market experienced its fastest-selling month on record, with homes selling in an average of 61 days, a decrease of 10 days from January 2021. Active listings dropped by 28.4% year-over-year, continuing a four-month trend of declining inventory. Despite rising buyer activity, new listings fell by 9.1%, indicating seller hesitation due to factors like Omicron uncertainties. The median listing price reached $375,000, up 10.3% year-over-year, fueled by strong demand amid limited supply.

News Corporation reported fiscal 2022 second quarter revenues of $2.72 billion, a 13% increase from the previous year, marking the highest quarterly revenue since separation. Net income was $262 million, stable compared to last year, while Total Segment EBITDA rose 18% to $586 million. Digital Real Estate Services revenues grew 35%, and Foxtel streaming subscribers increased by 66%. The company announced a $0.10 dividend per share and plans to bolster the Dow Jones business with recent acquisitions.

According to the Realtor.com® Monthly Rental Report, national rents in 2021 grew an average of 10.1%, significantly outpacing the 1.9% increase seen in 2020. December marked the sixth consecutive month of double-digit yearly rent hikes, with Miami, Tampa, and Orlando leading the surge, each experiencing over 34% growth. The median rental price reached $1,781, a 19.3% year-over-year increase. While monthly growth decelerated in December, the trend suggests rising rental costs will challenge affordability in 2022 as more renters consider transitioning to homeownership.

News Corp is set to announce its second quarter Fiscal 2022 results on February 3, 2022 at 5:00 p.m. EST. CEO Robert Thomson and CFO Susan Panuccio will host an analyst call to discuss these results.

The call will be accessible via a live audio webcast on the company's investor relations website. A replay will be available for 10 business days following the call.

News Corp operates across diverse media sectors and is headquartered in New York.

Evocalize has secured $12 million in Series A funding, led by Move, Inc., alongside Second Century Ventures and Habanero Ventures. This investment will enhance Evocalize's automation and machine learning capabilities, aiding local businesses in digital marketing. Evocalize aims to simplify marketing processes, allowing users to launch programs efficiently. Clients have reported significant improvements, such as a 400% increase in digital marketing results and a reduction in weekly marketing time from 9 hours to 9 minutes. The funding will expand their reach and capabilities in various industries.

On January 11, 2022, HarperCollins announced the acquisition of global publishing rights for the authorized biography of Ratan N. Tata, written by Dr. Thomas Mathew. Scheduled for release in November 2022, the biography aims to provide a comprehensive insight into Tata's life, business strategies, and leadership. The Tata Group, under his leadership, grew into a global powerhouse with a market capitalization exceeding $250 billion. The biography will be published in India by HarperCollins India, in the US by HarperCollins Leadership, and in the UK by William Collins.