 | |
 Headquarters inManhattan, New York City | |
| News Corp | |
| Company type | Public |
| ISIN | |
| Industry | Media |
| Predecessor | News Corporation |
| Founded | June 28, 2013; 12 years ago (2013-06-28) |
| Founder | Rupert Murdoch |
| Headquarters | 1211 Avenue of the Americas,, United States |
Area served | Worldwide |
Key people |
|
| Products |
|
| Revenue |  US$8.45 billion (2025) |
| US$824 million (2025) | |
| US$1.18 billion (2025) | |
| Total assets |  US$15.5 billion (2025) |
| Total equity | US$8.77 billion (2025) |
| Owner | Lachlan Murdoch (33% voting power)[1] |
Number of employees | 22,300 (2025) |
| Subsidiaries | List of subsidiaries |
| Website | newscorp |
| Footnotes / references Financials as of June 30, 2025[update].[2] | |
The second and current incarnation ofNews Corporation,doing business asNews Corp,[3] is an Americanmass media and publishing company headquartered at1211 Avenue of the Americas inMidtown Manhattan, New York City. The company was formed on June 28, 2013, as aspin-off ofthe first News Corporation, whose legal successor was21st Century Fox, which held its media and entertainment assets. Operating across digital real estate information, news media, book publishing, and cable television, News Corp's notable assets include:Dow Jones & Company, which is the publisher ofThe Wall Street Journal;News UK, publisher ofThe Sun andThe Times;News Corp Australia;REA Group, operator of realestate.com.au andrealtor.com; and book publisherHarperCollins.
News Corp and 21st Century Fox are two companies that succeeded the original News Corp., which includedFox Entertainment Group and other broadcasting and media properties.[4] The spin-out was structured so that 21st Century Fox was the legal continuation of the original News Corporation, with the new News Corp being a new company formed by astock split. SinceMarch 2019,Fox Corporation, which holds 21st Century Fox's national broadcasting, news and sports assets, is also under theMurdoch family's control.[5][6] In September 2023,Rupert Murdoch announced he would step down as News Corp's chairman by November.[7]
On June 28, 2012,Rupert Murdoch announced thatNews Corporation's publishing operations would be spun off to form a new, publicly traded company.[8][9] 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 ofscandals that had damaged the reputation of multiple News Corporation-owned properties.[8][10]
Robert Thomson, then editor ofThe Wall Street Journal, was announced as the initialchief operating officer for the company. While Murdoch did not serve as CEO, he remained chairman and a shareholder of the new News Corp.[8][11] Thomson promised that the new company would "cultivate astart-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.[12] The logo of the new News Corporation was unveiled at an investor presentation on May 28, 2013; thehandwritten logo uses script based on Murdoch's own handwriting.[12]
News Corp's board approved the split on May 24, 2013, while shareholders approved the split on June 11;[10][13][14]
Preliminary trading on theAustralian 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 billionUS.[15][16] The corporate split was finalized on June 28, 2013; during thestock splitting process, one share of the new News Corp was given to shareholders for every four shares they owned in the former News Corp.[16]
The current News Corp began trading on theNasdaq stock exchange under the symbol "NWS" on July 1, 2013; at the same time, the former News Corporation (which encompassed purely of media properties, such asFox Entertainment Group and20th Century Fox) was renamed21st Century Fox.[17][18]
![[icon]](/mt/?noimg=&dark=on&url=http%3a%2f%2fen.wikipedia.org%2fwiki%2fFile%3aWiki_letter_w_cropped.svg) | This sectionneeds expansion with: business news for News Corp between 2016 and 2020, and in 2021 (and anything else major that is missing), from citations completely presented, see examples. You can help byadding to it.(November 2021) |
On September 4, 2013, News Corp announced that it would sell theDow Jones Local Media Group, a group of 33 local newspapers, to Newcastle Investment Corp., an affiliate ofFortress Investment Group, for $87 million. The newspapers will be operated byGateHouse Media, a newspaper group owned by Fortress. Robert Thomson indicated that the newspapers "were not strategically consistent with the emerging portfolio" of the company.[19] GateHouse then filed for prepackaged Chapter 11 bankruptcy on September 27, 2013, to restructure its debt obligations to accommodate the acquisition.[20] Then GateHouse emerged from bankruptcy on November 26, 2013.[21]
On December 20, 2013, News Corp announced its acquisition ofDublin, Ireland-based socialnews agencyStoryful,[22] a startup founded by journalistMark Little.[23] At the time, Storyful was described as "scour[ing]social-media services like Twitter and Instagram" to discoveruser-generated content "breaking news and viral online content" and after sourcing, to then verify, acquire, and distribute it.[22][23] Storyful had, for instance, reported 2013 results of 750m views of user-generated videos by its partners.[23] The cost of the Storyful acquisition was €18 million (£15m, US$25m),[23][22] and marked News Corp's first acquisition since the split.[22] 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".[23]
On May 2, 2014, News Corp acquired romance novel publisherHarlequin Enterprises fromTorstar for $415 million.[24] The deal closed on August 1; it is now operated as a subsidiary of News Corp'sHarperCollins.[25][better source needed]
On September 30, 2014, News Corp announced its acquisition ofMove, Inc., a real estate listings company and owner ofRealtor.com, a 20% stake of which was, at the time, owned byREA Group, a publicly traded subsidiary of News Corp Australia.[26]
News Corp also began making investments inIndia in late 2014, such as a $30 million investment in real estate site ProTiger in November,[27] the December 2014 purchase of BigDecisions.com, a financial planning website,[28] and the acquisition of Indian media firmVCCircle in March 2015.[29]
In October 2015, News Corp sold its digital education brandAmplify to a management team supported by a group of private investors for an undisclosed sum.[30] In June 2016, News Corp acquiredWireless Group (formerlyUTV Media), a British radio broadcaster, for $296 million[31][32]
In January 2020, News Corp sold Unruly, an outstream video ad marketplace, in exchange of 6.91% of Tremor Video stock.[33] On July 31, 2020,James Murdoch resigned from the News Corpboard of directors, "due to disagreements over certain editorial content published by the Company's news outlets and certain other strategic decisions."[34]
On February 4, 2022, News Corp suffered a cyberattack from hackers believed to be linked to China.[35]
On 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 since the former 21st Century Fox was spun-off from News Corp in 2013.[36] On January 24, 2023, the proposed merger was abandoned by Murdoch.[37]
In February 2023, the company announced that it would be cutting 5% of its workforce across its various divisions.[38]
In September 2023, News Corp reported that Rupert Murdoch would retire from the board of News Corporation. He would also retire from the board of Fox Corporation and his sonLachlan Murdoch would replace him on both boards. The retirement would take effect in November 2023.[7][39]
An annual meeting of shareholders was held by webcast on 20 November 2024, to determine whether the "dual-class" share structure (voting and non-voting) would be abolished, afterStarboard Value, which has bought up a large share of News Corp over the previous year, had proposed a one-share-one-vote system. News Corp had stated that if the proposal is accepted, the new system of shares could only be introduced if agreement between voting and non-voting shareholders was reached.[40] This relates to the ongoingcourt case in Nevada pitting Rupert and Lachlan Murdoch against the other three siblings, who all have voting shares.[41] The proposal was not accepted at the meeting.[citation needed]
In June 2025, the company announced it had extended the contract of its chief executive Robert Thomson to June 2030.[42]
In September 2024, Rupert Murdoch applied to a Nevada probate court to remove voting rights from his children other than Lachlan, as set out in the irrevocable family trust. The other siblings,Prudence MacLeod,Elisabeth Murdoch, andJames Murdoch, are more moderate politically than their father or brother, and Rupert was keen to keep the conservative political leanings in his media outlets.[41] On December 9, 2024,The New York Times reported that the court had ruled against Rupert and Lachlan Murdoch, who, the probate commissioner wrote, had acted inbad faith when trying to change the trust.[43][44]
The company consists of the formerNews Corporation's newspaper and book publishing assets, together with the digital real-estate advertising properties that are now its largest business.[15][45]
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