Welcome to our dedicated page for News news (Ticker: NWS), a resource for investors and traders seeking the latest updates and insights on News stock.
The News Corporation (NWS) news page on Stock Titan aggregates coverage related to the company’s diverse media and information businesses, as described in Polygon data and recent press releases. News Corp’s activities span news publishing through brands such as The Wall Street Journal and Barron’s, digital real estate platforms operated by its subsidiary Move, Inc. under the Realtor.com® brand, book publishing via HarperCollins, and business information services through Dow Jones.
Many recent items originate from Realtor.com®, which is operated by News Corp subsidiary Move, Inc. These releases present detailed analyses of U.S. rental trends, mortgage rate distributions, housing inventory, first‑time homebuyer markets, down‑payment timelines, luxury housing conditions and the performance of flipped homes. They also describe product and partnership developments, such as the integration of CubiCasa interactive floor plans into Realtor.com® listings and the launch of the PropTech Startup Showdown at SXSW in collaboration with National Association of REALTORS® Tech & Innovation.
Other news highlights Dow Jones, a division of News Corp, including an exclusive partnership with Polymarket to display prediction market data across Dow Jones consumer platforms like The Wall Street Journal, Barron’s, MarketWatch and Investor’s Business Daily. This type of coverage focuses on how Dow Jones incorporates new data sources into its products.
Investors and observers using this page can follow News Corp‑related developments in areas such as housing market research, digital real estate product enhancements, financial information services and corporate partnerships. By reviewing this stream of company‑linked announcements and analyses, readers can see how News Corporation’s various subsidiaries and divisions are positioned across media, data and online real estate.
News Corp will announce its fourth quarter and full year Fiscal 2022 results on August 8, 2022. CEO Robert Thomson and CFO Susan Panuccio will discuss the results during a call at 5:00 p.m. EDT. Analysts and media can join the call on a listen-only basis. A live audio webcast will be available on the company’s investor relations website. Participants can access the call by phone using specific numbers for U.S. and non-U.S. callers. A replay will be accessible three hours post-call for ten business days. Further details are available on the investor website.
In June 2022, the U.S. median rental price reached $1,876, a 14.1% increase year-over-year, while starter homeownership costs surged to an average of 29.9% ($561) above rents. This widening gap of 25.5 percentage points from January to June highlights the impact of higher mortgage rates, which increased over two percentage points in the same period. An analysis indicates that more than 75% of the largest U.S. metros favored renting over buying, with significant disparities in major tech cities. The trend underscores a shift in housing affordability, favoring renters over first-time buyers.
Private Equity News has unveiled a brand refresh and published its annual list of "The Rising Stars of Private Equity" recognizing 25 young professionals excelling in the European private equity sector. Despite challenging economic conditions, many nominees received promotions and increased responsibilities. The publication offers a revamped digital experience and a new monthly format, doubling its size. This recognition highlights significant achievements within the private equity community and is considered a prestigious accolade.
In June 2022, U.S. active home inventory rose by 18.7% year-over-year, reaching its highest historical increase. The national median listing price also hit a record high of $450,000, up 16.9% from last year. New listings surged by 4.5%, driven by sellers entering the market at pre-COVID levels. The share of larger homes (over 1,750 sq. ft.) in new listings increased, contributing to higher overall asking prices despite cooling demand. Pending listings, however, fell by 16.3%, indicating a slowdown in home sales.
The U.S. median rental price reached a record high of $1,849 in May 2022, marking a 26.6% increase since 2019. Despite a 15.5% year-over-year growth in rents for the tenth consecutive month, this rise is the smallest since September 2021, suggesting a potential cooling trend. Notably, rental markets in Miami and Orlando experienced significant spikes of 45.8% and 28.4%, respectively. The report highlights a concerning affordability challenge as rising inflation continues to strain renters' finances.
Realtor.com® has updated its 2022 housing forecast, expecting a 15.0% increase in existing home inventory due to a deceleration in buyer demand, with home sales projected to drop by 6.7% compared to 2021. Rising inflation and mortgage rates, now averaging 5.5%, are impacting affordability as home prices are expected to rise by 6.6%, more than double the original forecast. Despite these challenges, the market may provide buyers opportunities later in the year as inventory rebounds.
News Corp announced that Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal, will speak at the Credit Suisse 24th Annual Communications Conference on June 15, 2022, at 9:30 am ET. The conference will be virtual, and interested parties can access the live webcast through the News Corp website. A replay will be available after the event. News Corp is a diversified media and information services company operating across various sectors, including digital real estate and news services.
On June 8, 2022, Move, Inc., a subsidiary of News Corp, announced the acquisition of UpNest, a platform connecting home sellers with local real estate agents. This strategic move aims to enhance Realtor.com®'s services by providing more choices for sellers and agents. UpNest has enabled approximately 1 million agent proposals since its launch, showcasing strong market demand. The integration is expected to strengthen Realtor.com's seller strategy and expand its customer base. Financial terms of the deal remain undisclosed.
News Corp announced significant growth targets for REA Group, aiming for double-digit revenue and EBITDA growth driven by enhanced products and services. The company showcased its leadership with Realestate.com.au, achieving 127 million average monthly visits and highlighted new initiatives like Premiere+ in residential marketing. REA targets leadership in property data and financial services sectors, particularly in India. The Digital Real Estate Services segment generated $1.3 billion, up 32% year-over-year, contributing 33% to News Corp's EBITDA.
In May 2022, the U.S. housing market showed signs of recovery, with active inventory increasing by 8.0% year-over-year for the first time since June 2019. However, the median national home price surged to a record $447,000, reflecting a 17.6% rise compared to last year. Despite the uptick in inventory, homes sold more quickly, with the average time on the market dropping by a week to 31 days. Key contributors to the changing landscape include rising new listings and moderating buyer demand, although the increase in larger homes continues to keep prices high.