About the Company
News Corp is an American media and information services company. It was incorporated in 2013 when News Corporation, its corporate predecessor, split up into two stand-alone companies, namely 21st Century Fox and News Corp. News Corp shares began trading on the NASDAQ Stock Exchange through two separate classes of shares – NWSA and NWS. Its class A NWSA shares are also included as a component on the S&P 500 stock market index.
News Corp’s business covers a range of media and is segmented into Book Publishing, News and Information Services, Digital Real Estate Services, and Subscription Video Services. Its News and Information Services unit consists of digital media platforms, global print as well as radio broadcast media platforms. News Corp’s Video Services segment offers news, entertainment and sports services to its pay-tv subscribers.
Its Book Publishing unit comprises HarperCollins Publishers, which operates in over 17 countries and offers fiction, non-fiction, children’s books, among other genres. NWSA’s Digital Real Estate operates through its interests in Move as well as REA Group.
The company also has several subsidiaries, such as News UK, New York Post, Storyful, Dow Jones, and News UK. Over the years, NWSA acquired a number of companies and expanded its business operations across the globe. Its first acquisition took place in 2013 when the company bought-off Storyful for a transaction value of $25 million. It then acquired Harlequin Enterprise in 2014 for a purchase price of $415 million. The year 2014 witnessed another merger by News Corp when it acquired Move Inc. for $950 million. That same year, NWSA invested $30 million to PropTiger.com, making this its first investment in India. In 2015, it entered into another acquisition and bought-off VCCircle for an undisclosed sum. Through this acquisition, it added VCCEdge, VCCircle Training, Techcircle.in, as well as VCCircle.com in its business portfolio.
Forbes included News Corp in its rankings of America’s Best Employers 2017 and America’s Largest Public Companies 2018. As of 2021, NWSA ranked 1737th on Forbes’ list of Global 2000 2020 companies. It also ranked 318th on the list of Fortune 500 companies. On January 6, 2021, NWSA stock reached an all-time highest stock closing price of $19.25.;
Organisation | News Corporation |
Industry | Broadcasting |
HeadQuarters | New York, NY |