News Corp

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The company distributes content and data products, including The Wall Street Journal, Barron's, MarketWatch, Investor's Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, and OPIS through various media channels, such as newspapers, newswires, websites, mobile apps, newsletters, magazines, proprietary databases, live journalism, video, and podcasts. It also owns and operates daily, Sunday, weekly, and bi-weekly newspapers comprising The Australian, The Weekend Australian, The Daily Telegraph, The Sunday Telegraph, Herald Sun, Sunday Herald Sun, The Courier Mail, The Sunday Mail, The Advertiser, Sunday Mail, The Sun, The Sun on Sunday, The Times, The Sunday Times, and New York Post, as well as digital mastheads and other websites. In addition, the company publishes general fiction, nonfiction, children's, and religious books; provides sports, entertainment, and news services to pay-TV and streaming subscribers, and other commercial licensees through cable, satellite, and internet distribution; and broadcasts rights to live sporting events. Further, it offers property and property-related advertising and services on its websites and mobile applications; online real estate services; and financial services. The company was founded in 2012 and is headquartered in New York, New York.

On June 28, 2012, Rupert Murdoch announced that News Corporation's publishing operations would be spun off to form a new, publicly traded company. Murdoch stated that performing this split would "unlock the true value of both companies and their distinct assets, enabling investors to benefit from the separate strategic opportunities resulting from more focused management of each division". The move also came in the wake of a series of scandals that had damaged the reputation of multiple News Corporation-owned properties. Robert James Thomson, editor of The Wall Street Journal, was announced as the initial chief operating officer for the company; while Murdoch would not serve as CEO, he remained chairman and a shareholder of the new News Corp. Thomson promised that the new company would "cultivate a start-up sensibility even though we already work for the world's most established and prestigious diversified media and information services company" and would emphasize building new business models around its properties and content. The logo of the new News Corporation was unveiled at an investor presentation on May 28, 2013; the handwritten logo uses script based on Murdoch's own handwriting.News Corp's board approved the split on May 24, 2013, while shareholders approved the split on June 11; Preliminary trading on the Australian Securities Exchange of the new News Corp's class B stock began on June 19, 2013, at around $15 per share; a value slightly lower than expected by some analysts. The shares fell in price by 3% to $14.55 per share, valuing the new company at around $7.9 billion US. The corporate split was finalized on June 28, 2013; during the stock splitting process, one share of the new News Corp was given to shareholders for every four shares they owned in the former News Corp. The current News Corp began trading on the NASDAQ stock exchange under the symbol "NWS" on July 1, 2013; at the same time, the former News Corporation was renamed 21st Century Fox.

On September 4, 2013, News Corp announced that it would sell the Dow Jones Local Media Group, a group of 33 local newspapers, to Newcastle Investment Corp.—an affiliate of Fortress Investment Group, for $87 million. The newspapers will be operated by GateHouse Media, a newspaper group owned by Fortress. Robert Thomson indicated that the newspapers "were not strategically consistent with the emerging portfolio" of the company. GateHouse then filed for prepackaged Chapter 11 bankruptcy on September 27, 2013, to restructure its debt obligations to accommodate the acquisition. then GateHouse emerged from bankruptcy on November 26, 2013.On December 20, 2013, News Corp announced its acquisition of Dublin, Ireland-based social news agency Storyful, a startup founded by journalist Mark Little. At the time, Storyful was described as "scour social-media services like Twitter and Instagram" to discover user-generated content—"breaking news and viral online content"—and after sourcing, to then verify, acquire, and distribute it. Storyful had, for instance, reported 2013 results of 750m views of user-generated videos by its partners. The cost of the Storyful acquisition was €18 million , and marked News Corp's first acquisition since the split. News Corp CEO at the time, Robert Thomson, stated that the service had "become the village square for valuable video, using journalistic sensibility, integrity and creativity", and that with the acquisition, News Corp would "define the opportunities that the digital landscape presents, rather than simply adapt to them".On May 2, 2014, News Corp acquired romance novel publisher Harlequin Enterprises from Torstar for $415 million. The deal closed on August 1; it is now operated as a subsidiary of News Corp's HarperCollins. On September 30, 2014, News Corp announced its acquisition of Move, Inc., a real estate listings company and owner of Realtor.com, a 20% stake of which was, at the time, owned by REA Group, a publicly traded subsidiary of News Corp Australia.News Corp also began making investments in India in late 2014, such as a $30 million investment in real estate site ProTiger in November, the December 2014 purchase of BigDecisions.com, a financial planning website, and the acquisition of Indian media firm VCCircle in March 2015. In October 2015, News Corp sold its digital education brand Amplify to a management team supported by a group of private investors for an undisclosed sum. In June 2016, News Corp acquired Wireless Group , a British radio broadcaster, for $296 millionIn January 2020, News Corp sold Unruly, an outstream video ad marketplace, in exchange of 6.91% of Tremor Video stock. On July 31, 2020, James Murdoch resigned from the News Corp board of directors, "due to disagreements over certain editorial content published by the Company's news outlets and certain other strategic decisions."On February 4, 2022, News Corp suffered a cyberattack from hackers believed to be linked to China.

Potential re-merger with Fox Corporation

In October 14, 2022, it was announced that, under the instruction of Rupert Murdoch, a special committee had been established to explore a potential merger of Fox and News Corp, bringing the two companies back together after the former 21st Century Fox was spun-off from News Corp in 2013.

News Corp is dedicated to delivering high-quality and diverse news content to global audiences. With a commitment to journalistic integrity, the company seeks to inform, engage, and empower individuals by providing accurate and timely information across various platforms. News Corp aims to be a trusted source of news, fostering a deeper understanding of the world and promoting open discourse. Additionally, the company strives to leverage technology and innovation to adapt to the evolving media landscape, ensuring its mission remains relevant in an ever-changing digital era.

News Corp is dedicated to delivering high-quality and diverse news content to global audiences. With a commitment to journalistic integrity, the company seeks to inform, engage, and empower individuals by providing accurate and timely information across various platforms. News Corp aims to be a trusted source of news, fostering a deeper understanding of the world and promoting open discourse. Additionally, the company strives to leverage technology and innovation to adapt to the evolving media landscape, ensuring its mission remains relevant in an ever-changing digital era.

News Corp offers a diverse range of products and services spanning the media and information industry. Its portfolio includes newspapers, digital media, and book publishing, providing a comprehensive source of news, analysis, and entertainment to a global audience. The company's newspapers cover a wide spectrum of topics, delivering timely and reliable information. In the digital realm, News Corp extends its reach through online platforms and digital content creation. With a focus on book publishing, the company contributes to literary and educational realms, further expanding its impact. Overall, News Corp is dedicated to delivering high-quality content across various mediums, catering to the evolving needs of a dynamic audience.