News Corp Statement Following the 2024 Annual Meeting of Stockholders
November 20 2024 - 12:21PM
Business Wire
News Corp (NASDAQ: NWS, NWSA; ASX: NWS; NWSLV) today announced
that, at its Annual Meeting of Stockholders, stockholders
overwhelmingly elected the company’s full slate of Directors and
voted with the Board’s recommendations on all proposals, including
convincingly defeating the non-binding proposal to adopt a
recapitalization plan that would eliminate News Corp’s dual-class
capital structure.
News Corp actively solicits feedback from its investors
throughout the year, and values the ongoing dialogue generated by
these extensive outreach efforts. We are pleased stockholders once
again convincingly supported the company and the Board of Directors
on all matters.
Amidst a period of significant industry disruption, News Corp
has thrived through a combination of smart organic reinvestment,
strategic acquisitions and divestments and disciplined cost
management programs. Under the leadership of the Board and
executive team, the company has not only achieved record
profitability—including a record Q1 in Fiscal 2025—but has also
shifted to recurring and digital-first revenue streams, while
continuing to create significant value for all stockholders. News
Corp’s success has been enabled in part by the current capital
structure, and the company is pleased with the results of the
Annual Meeting.
News Corp’s stock price has risen 45% over the past year, and
materially outperformed both the S&P 500 and its designated
peer group in recent years, but the company is by no means
complacent. The Board and management are dedicated to driving
sustained results, continuing the company’s ongoing transformation
and actively shaping the future of news and information in the AI
era.
About News Corp
News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global,
diversified media and information services company focused on
creating and distributing authoritative and engaging content and
other products and services. The company comprises businesses
across a range of media, including: information services and news,
digital real estate services, book publishing and subscription
video services in Australia. Headquartered in New York, News Corp
operates primarily in the United States, Australia and the United
Kingdom, and its content and other products and services are
distributed and consumed worldwide. More information is available
at: http://www.newscorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241120307626/en/
News Corp Corporate Communications Arthur Bochner 646-422-9671
abochner@newscorp.com News Corp Investor Relations Michael Florin
212-416-3363 mflorin@newscorp.com Anthony Rudolf 212-416-3040
arudolf@newscorp.com
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