News (NWS) Stock

The sports streaming service DAZN has decided to purchase News Corp's Australian cable TV division, Foxtel, for A$3.4 billion (around $2 billion), which includes debt.

On Monday, Rupert Murdoch's News Corp announced that it plans to sell its Australian cable TV and streaming service, Foxtel, to the British sports streaming platform DAZN for A$3.4 billion ($2.13 billion), which includes debt.

The activist investor Starboard Value questioned the ownership structure because the Murdoch family holds 41% of the company's voting power.

The earnings call for News Corporation's first quarter of fiscal 2025 took place on November 7, 2024, at 5:00 PM ET. Key participants included Michael Florin, Robert Thomson, and Susan Panuccio, along with various analysts from different financial firms. The call was recorded for future reference.

The decrease in rates in September and the rise in new listings contributed to an increase in pending sales in October. However, could the rise in rates during October slow down this progress? Voters in swing states might be more focused on federal housing policies due to affordability concerns.

On Monday, NYP Holdings, Inc. and Dow Jones, both part of News Corp, together filed a lawsuit against Perplexity AI in a federal court in Manhattan.

According to the September Housing Report from Realtor.com®, newly listed homes went up by 11.6% compared to last year, while the number of actively listed homes increased by 33.9%. This surge in listings happened as sellers responded to mortgage rates reaching a two-year low after the Federal Reserve's significant rate cut of 50 basis points in September.

A recent report from Realtor.com reveals that South Carolina, North Carolina, and Idaho are the top three states for new home construction and affordability. The report, titled "New Construction Insights," highlights how new construction is helping to increase the availability of affordable housing. This information was released on September 18, 2024, from Santa Clara, California.

In 2017, News Corp thought about stopping the use of Google's advertising products. However, they chose not to go through with it after realizing it would result in a loss of at least $9 million in revenue, according to a former executive from The Post's publisher who testified on Tuesday.