If You Invested in News Corp (NWSA)

News Corporation (Nasdaq: NWSA) is a media and information company operating in the information sector, with activities classified under Internet Publishing and Broadcasting and Web Search Portals. According to company and third-party descriptions, News Corporation is a diversified media conglomerate with a large presence in the United States, the United Kingdom and Australia. Its businesses span news and information publishing, digital real estate services, book publishing and related digital platforms.

News Corporation’s portfolio includes prominent news and information brands. Key mastheads referenced in available descriptions include The Wall Street Journal, Barron’s, New York Post, The Times, The Sun, The Australian, Herald Sun and The Daily Telegraph. These titles give the company a significant footprint in financial journalism, general news, and national and metropolitan newspapers across its core geographies.

In digital real estate, News Corporation holds a majority interest in REA Group, described as the dominant property listings platform in Australia. REA Group operates online property portals that connect buyers, sellers, renters and real estate professionals, positioning News Corporation in the online real estate advertising and listings market.

News Corporation also owns HarperCollins, which is characterized in available materials as one of the largest book publishers in the world. Through HarperCollins, the company participates in global book publishing across multiple formats and genres. In the United States, News Corporation has a digital property advertising business, Move, Inc., which operates Realtor.com®. Realtor.com® is repeatedly described as having pioneered online real estate and as being operated by News Corp subsidiary Move, Inc. It connects buyers, sellers and renters with real estate insights, professional guidance and tools, and is cited as a platform trusted by real estate professionals.

News Corporation has a dual-class share structure with Class A common stock trading under the symbol NWSA and Class B common stock trading under NWS on the Nasdaq Global Select Market. This structure, and the concentration of voting power in Class B shares, is a recurring theme in the company’s regulatory filings.

Corporate governance and Murdoch family arrangements

News Corporation’s governance framework includes specific stockholder agreements related to the voting power of entities associated with the Murdoch family. An 8-K filed on September 10, 2025 describes a new stockholders agreement entered into on September 8, 2025 by the company, LGC Holdco, LLC and certain trusts for the benefit of Lachlan K. Murdoch, Grace Murdoch and Chloe Murdoch. This agreement replaced a previous stockholders agreement with the Murdoch Family Trust.

According to that filing, the new agreement is substantially the same as the prior agreement and includes:

• A limitation preventing the LGC family trusts and LGC Holdco, together with specified Murdoch individuals, from owning more than 44% of the outstanding voting power of the company’s Class B common stock.
• A vote forfeiture mechanism requiring the LGC family trusts and LGC Holdco to forfeit votes as needed to ensure that the Murdoch individuals and these entities do not collectively exceed that 44% voting power threshold, except where a Murdoch individual votes his or her own shares differently from the others.
• Certain registration rights for the LGC family trusts and LGC Holdco and a right of first refusal for the company with respect to underwritten public offerings of Class B shares held by those entities, subject to specified exceptions.

The same 8-K notes that the earlier stockholders agreement with the Murdoch Family Trust was terminated via a separate termination agreement on September 8, 2025, in connection with a previously announced resolution of litigation relating to that trust. A separate 8-K dated September 8, 2025 states that the trustee and beneficiaries of the Murdoch Family Trust reached a mutual resolution of legal proceedings in Nevada and that new trusts will be established for the benefit of certain Murdoch family members, while others will cease to be beneficiaries in any trust holding shares in the company.

Capital markets activity and share structure events

On September 8, 2025, News Corporation entered into an underwriting agreement with Morgan Stanley & Co. LLC and certain selling stockholders (trusts established for the benefit of Prudence MacLeod, Elisabeth Murdoch and James Murdoch). As disclosed in the September 10, 2025 Form 8-K, these selling stockholders agreed to sell 14,071,293 shares of Class B common stock in an underwritten public offering. The filing states that the offering consisted entirely of secondary shares sold by the selling stockholders, that the company did not sell any shares in the offering, and that it did not receive any proceeds from the sale.

The offering was made pursuant to a shelf registration statement on Form S-3, with a base prospectus and prospectus supplements filed with the SEC. The underwriting agreement contains customary representations, warranties, covenants, indemnification and contribution provisions typical for this type of transaction, as described in the 8-K.

Separate 8-K filings dated August 5, 2025 and multiple dates in August 2025 refer to stock repurchase programs authorizing the company to acquire up to an aggregate dollar amount of its outstanding Class A and Class B shares. Those filings note that, under Australian Securities Exchange rules, News Corporation provides daily disclosures to the ASX regarding transactions under these repurchase programs and also reports information about repurchases in its quarterly and annual reports.

Digital real estate and data-driven housing insights

Through its subsidiary Move, Inc., News Corporation operates Realtor.com®, which is frequently cited in press releases as a platform that has been at the forefront of online real estate for over 25 years. Realtor.com® provides rental market reports, mortgage and housing market analyses, and specialized reports on topics such as rent trends, mortgage rate distributions, housing inventory, luxury housing, flipped homes and first-time homebuyer markets.

Examples of this activity include:

• A December Rental Report analyzing median asking rents and rent compression across price tiers and metropolitan areas in the United States.
• Analysis of outstanding mortgage rates, highlighting the share of mortgages above and below specific rate thresholds and the implications for housing mobility.
• Monthly housing reports detailing active listings, median list prices, days on market and regional differences in inventory and pricing.
• Specialized reports on the luxury home market, including thresholds for top price percentiles and days on market for high-end listings.
• Research on fix-and-flip activity, including metrics such as the “Flip Factor,” which compares purchase and post-renovation listing prices relative to metro medians.
• Analyses of down payment saving timelines and rankings of the best markets for first-time homebuyers, based on affordability, inventory and local amenities.

Realtor.com® is consistently described as connecting buyers, sellers and renters with trusted insights, professional guidance and tools to help them find homes, and as a partner to real estate professionals through marketing tools and consumer connections.

Dow Jones and prediction market data

News Corporation also owns Dow Jones, which is described as a global provider of news and business information delivering content across print, digital, mobile and live events. Dow Jones publishes The Wall Street Journal, Barron’s, MarketWatch, Mansion Global, Financial News, Risk & Compliance and Dow Jones Newswires.

A Business Wire announcement dated January 7, 2026 describes an exclusive partnership between Dow Jones and Polymarket. Under this collaboration, Polymarket’s real-time prediction market data will be made available across Dow Jones consumer platforms, including The Wall Street Journal, Barron’s, MarketWatch and Investor’s Business Daily. The partnership is intended to display prediction market data modules on Dow Jones digital properties and to support new consumer-facing features such as a custom earnings calendar highlighting market-implied expectations around corporate performance.

Business segments and geographic footprint

Based on the information provided, News Corporation’s activities can be grouped into several broad areas:

• News and information publishing through mastheads such as The Wall Street Journal, Barron’s, New York Post, The Times, The Sun, The Australian, Herald Sun and The Daily Telegraph.
• Digital real estate services and housing data through REA Group in Australia and Move, Inc./Realtor.com® in the United States.
• Book publishing through HarperCollins.
• Business news and data through Dow Jones, including multiple financial and business-focused publications and data products.

The company is described as having a large presence in the United States, the United Kingdom and Australia, reflecting the locations of its major news mastheads and digital real estate platforms.

Investor considerations

For investors researching NWSA stock, the available information highlights several structural features:

• A dual-class share structure with Class A (NWSA) and Class B (NWS) common stock listed on the Nasdaq Global Select Market.
• Governance arrangements that limit Murdoch-related voting power in Class B shares to a specified percentage, as detailed in the September 10, 2025 Form 8-K.
• Ongoing stock repurchase programs covering both Class A and Class B shares, with disclosures made to the Australian Securities Exchange and in SEC reports.
• Exposure to digital real estate and housing market data through REA Group and Move, Inc./Realtor.com®, which regularly publish analytical reports on rental markets, mortgage rates, housing inventory, luxury homes, flipped properties and first-time homebuyer conditions.

Investors can review News Corporation’s Forms 8-K, 10-K, 10-Q and registration statements for more detail on segment performance, risk factors and capital allocation policies. The filings cited above confirm that News Corporation remains listed on the Nasdaq Global Select Market and continues to operate its media, publishing and digital real estate businesses.

Frequently asked questions (FAQ)

• What does News Corporation do?
  News Corporation is described as a diversified media conglomerate operating in the information sector. Its activities include news and information publishing, digital real estate services through REA Group and Move, Inc./Realtor.com®, book publishing via HarperCollins, and business news and data through Dow Jones.
• What are News Corporation’s main brands?
  Available descriptions highlight mastheads such as The Wall Street Journal, Barron’s, New York Post, The Times, The Sun, The Australian, Herald Sun and The Daily Telegraph. The company also owns HarperCollins, REA Group, Move, Inc./Realtor.com® and Dow Jones.
• On which exchanges does News Corporation trade?
  According to multiple Form 8-K filings, News Corporation’s Class A common stock trades on the Nasdaq Global Select Market under the symbol NWSA, and its Class B common stock trades on the Nasdaq Global Select Market under the symbol NWS.
• What is the difference between NWSA and NWS shares?
  The company has Class A common stock (NWSA) and Class B common stock (NWS). Regulatory filings emphasize that voting power is concentrated in the Class B shares and that specific agreements limit the aggregate voting power of Murdoch-related entities in the Class B class.
• How is Murdoch family voting power limited?
  A stockholders agreement dated September 8, 2025, described in a Form 8-K filed on September 10, 2025, limits the combined voting power of specified Murdoch individuals, LGC Holdco and certain family trusts to no more than 44% of the outstanding voting power of the Class B common stock. The agreement requires vote forfeitures if that threshold would otherwise be exceeded, with an exception where a Murdoch individual votes differently from the others.
• What is REA Group and how is it related to News Corporation?
  REA Group is characterized as the dominant property listings platform in Australia. News Corporation holds a 61% ownership interest in REA Group, giving it a majority stake in this digital real estate business.
• What is Move, Inc. and Realtor.com®?
  Move, Inc. is a News Corp subsidiary that operates Realtor.com®. Press releases describe Realtor.com® as having pioneered online real estate and as providing rental and housing market reports, tools and insights that connect buyers, sellers and renters with real estate professionals.
• What is Dow Jones’ relationship to News Corporation?
  Dow Jones is identified as a division of News Corp. It publishes The Wall Street Journal, Barron’s, MarketWatch, Mansion Global, Financial News, Risk & Compliance and Dow Jones Newswires, and it has entered into an exclusive partnership with Polymarket to display prediction market data on its consumer platforms.
• Has News Corporation conducted recent share offerings?
  A Form 8-K filed on September 10, 2025 reports an underwritten public offering of 14,071,293 shares of Class B common stock by certain selling stockholders associated with the Murdoch family. The company did not sell shares in that offering and did not receive proceeds.
• Does News Corporation have stock repurchase programs?
  Multiple 8-K filings in August 2025 state that under its stock repurchase programs, News Corporation is authorized to acquire up to a specified aggregate dollar amount of its outstanding Class A and Class B shares. The company reports repurchase activity to the Australian Securities Exchange and in its periodic SEC reports.