News Corp

This article is about the current company established in 2013. For its Australian subsidiary, see News Corp Australia. For its predecessor company, see News Corporation.

News Corporation
News Corp
Company typePublic
ISIN
IndustryMedia
PredecessorNews Corporation
Founded
  • June 28, 2013; 11 years ago (2013-06-28)
FounderRupert Murdoch
Headquarters1211 Avenue of the Americas,
New York City
,
United States
Area served
Worldwide
Key people
Products
  • Newspapers
  • Books
RevenueIncrease US$10.1 billion (2024)
Increase US$667 million (2024)
Increase US$266 million (2024)
Total assetsDecrease US$16.7 billion (2024)
Total equityIncrease US$8.12 billion (2024)
OwnerMurdoch family (39% voting power)[1]
Number of employees
23,900 (2024)
SubsidiariesList of subsidiaries
Websitenewscorp.com
Footnotes / references
Financials as of June 30, 2024.[2]

News Corporation, stylized as News Corp,[3] is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The company was formed on June 28, 2013, following a spin-off of the media outlets of the original News Corporation as 21st Century Fox (21CF). 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 of The Wall Street Journal; News UK, publisher of The Sun and The Times; News Corp Australia; and REA Group, operator of realestate.com.au, realtor.com, and book publisher HarperCollins.

News Corp and 21st Century Fox are two companies that succeeded the original News Corp., which included Fox Entertainment Group and other broadcasting and media properties.[4] The spin-out was structured so that 21CF was the legal continuation of the original News Corp., with the new News Corp being a new company formed by a stock split.

Since March 19, 2019, Fox Corporation, which holds 21st Century Fox's national broadcasting, news and sports assets (following its sale to Disney the next day), is also under the Murdoch family's control.[5][6]

On September 21, 2023, Rupert Murdoch announced he would step down as News Corp's chairman by November.[7]

  1. ^ Sweeney, Mark (April 28, 2023). "'Blood in the water': where next for the Murdoch empire, and what about the succession?". The Guardian.
  2. ^ "News Corporation FY 2024 Annual Report Form (10-K)". U.S. Securities and Exchange Commission. August 13, 2024. Retrieved August 13, 2024.
  3. ^ "10-K". www.sec.gov. Archived from the original on June 24, 2021. Retrieved May 4, 2020.
  4. ^ James, Meg (June 28, 2013). "News Corp. divides into two companies; 21st Century Fox is born". Los Angeles Times. ISSN 0458-3035. Archived from the original on March 10, 2018. Retrieved December 14, 2018.
  5. ^ Szalai, Georg; Bond, Paul (March 20, 2019). "Disney Closes $71.3 Billion Fox Deal, Creating Global Content Powerhouse". The Hollywood Reporter. Archived from the original on March 20, 2019. Retrieved March 20, 2019.
  6. ^ Viet, Dinh (November 12, 2020). ""2020 Notice of Meeting and Proxy Statement"". Fox Corporation. Archived from the original on December 7, 2022. Retrieved May 27, 2023.
  7. ^ Rizzo, Lillian (September 21, 2023). "Rupert Murdoch steps down as chairman of Fox and News Corp". CNBC. Retrieved September 21, 2023.