News Corp Stock Price, News & Analysis

News Corp will release its third quarter Fiscal 2021 results on May 6, 2021. Chief Executive Robert Thomson and Chief Financial Officer Susan Panuccio will host a conference call with analysts at 5:00 p.m. EDT. A live audio webcast will be accessible on their investor relations page. For those unable to attend live, a replay will be available shortly after the call concludes. News Corp operates in various media sectors, including digital real estate and subscription video services, and is headquartered in New York.

According to realtor.com's analysis, listing a home between April 18-24, 2021, could lead to significantly higher prices and faster sales. Homes listed during this period are projected to sell for an average of 10.4% more than the start of the year and 2% higher than the average week. Buyer interest is expected to be robust, with listings getting 11% more views. Additionally, competition will be lower, potentially translating to faster sales—14.1% quicker than average. Rising mortgage rates and increased inventory later this year could dampen current seller advantages.

The realtor.com® Monthly Rental Report for March 2021 shows a year-over-year rent growth of 1.1% across the top 50 U.S. housing markets, the first increase after eight months of slowdowns. The median rent reached $1,463. However, high-tech areas like San Jose, San Francisco, and Seattle continue to experience rent declines, indicating mixed market conditions. New Orleans led rent increases at 15.6%, while San Jose faced the largest decline at -14.1%. Market analysts suggest a potential shift toward rental demand as home buying becomes more challenging due to rising prices and interest rates.

News Corporation has priced its private offering of $1 billion in Senior Notes due 2029, increasing the amount from a previously announced $750 million. The Notes, which will bear an interest rate of 3.875% per annum, are set to mature on May 15, 2029. The offering is expected to close on April 15, 2021, subject to standard conditions. Proceeds will be utilized for general corporate purposes such as acquisitions and working capital. The offering is conducted under an exemption from the Securities Act, and the Notes will not be registered.

Bloomington, Illinois, is ranked as the top market for first-time home buyers in realtor.com®'s 2021 analysis, with a median home price of $160,000. The Midwest dominates the list, with four out of the top ten cities, including Iowa City and Kalamazoo. The study highlights a competitive housing market, exacerbated by a 50% decrease in available homes compared to last year. Many first-time buyers struggle with down payments, as revealed by a survey showing 44% haven't saved enough. The analysis considered factors like affordability, job opportunities, and local demographics.

S&P Global Market Intelligence announced a partnership with Dow Jones to enhance its platform with trusted real-time market news. This collaboration will provide S&P Global customers access to premium content from Dow Jones Newswires, *The Wall Street Journal*, *Barron's*, and *MarketWatch*. The integration aims to improve user experience and support clients in making informed decisions. Content will be available as part of subscription plans later this year, reflecting S&P's commitment to delivering superior services in a rapidly evolving market landscape.

News Corporation is offering $750 million in Senior Notes due 2029 in a private placement, subject to market conditions. The funds will be used for general corporate purposes, including potential acquisitions and working capital. The offering is made under the Securities Act, specifically targeting qualified institutional buyers and non-U.S. persons. The Notes will not be registered under the Securities Act, limiting their sale within the U.S. This press release is not an offer to sell or solicit the purchase of these Notes.

According to realtor.com®'s Monthly Housing Trends Report, home buyers face a challenging spring market with 50% fewer homes for sale compared to last year, coupled with record-high prices and rising mortgage rates. The median listing price hit $370,000, a 15.6% increase year-over-year. Inventory decreased 52% nationally, with markets like Austin experiencing a 72.7% drop. While some sellers are expected to enter the market, increasing interest rates may slow price gains. Homes are selling faster, averaging 54 days on the market.