Company Overview
About News Corp (Class B)
News Corp is a global media and information services company controlled by the Murdoch family through Class B supervoting shares, founded following the 2013 separation of Rupert Murdoch's News Corporation into two entities—Fox Corporation (entertainment and news broadcast) and News Corp (publishing and digital real estate). Headquartered in New York City and traded on Nasdaq (NWS for Class B non-voting shares; NWSA for Class A), News Corp generated approximately $10.1 billion in revenues for fiscal year 2024 (ending June 2024) under CEO Robert Thomson. Lachlan Murdoch serves as Executive Chairman, and the Murdoch family—through Rupert Murdoch's family trust—retains controlling voting power. The company's portfolio spans premium digital real estate (REA Group in Australia, Move Inc./realtor.com in the U.S.), news media (The Wall Street Journal, New York Post, The Times of London, The Australian), book publishing (HarperCollins), and subscription video (Foxtel in Australia).
Business Model & Competitive Advantage
News Corp's highest-value asset is its Dow Jones division, which includes The Wall Street Journal—the largest U.S. newspaper by paid circulation with approximately 4 million subscribers—along with Barron's, MarketWatch, and Dow Jones Newswires. The digital transformation of WSJ's subscription model, growing digital-only subscriptions and B2B data licensing, has sustained the franchise's relevance as print advertising revenue declined structurally. REA Group, the dominant Australian online real estate portal (approximately 61% owned by News Corp), generates significant earnings as Australia's housing market commands premium advertising rates from agents and developers. The company explored a potential acquisition of or merger with CoStar Group (commercial real estate data, owner of Homes.com) in 2024 as a strategic move to challenge Zillow and strengthen the digital real estate portfolio.
Competitive Landscape 2025–2026
In 2025-2026, News Corp pursues its digital-first strategy across segments: WSJ aims to reach 6 million paid subscribers through premium journalism, data products, and licensing; HarperCollins navigated a 2023 author strike with new contracts; and Foxtel faces the secular decline of Australian pay TV subscriptions while growing its streaming platform Binge. The Murdoch family succession planning—with Rupert Murdoch's attempt to modify the family trust to consolidate Lachlan's control challenged by other Murdoch children in Nevada court proceedings in 2023-2024—created rare visibility into the dynastic governance risk inherent in dual-class controlled companies. AI content licensing agreements, including reported discussions with Apple and Google over training data use from WSJ and Dow Jones publications, represent a new revenue stream that News Corp is prioritizing.
Company Timeline
Major milestones in News Corp (Class B)'s journey
Leadership Team
Meet the leaders behind News Corp (Class B)
Lachlan K. Murdoch
Lachlan K. Murdoch has been the Chairman of News Corporation since December 2023, representing the third generation of Murdoch family leadership. As the eldest son of media mogul Rupert Murdoch, Lachlan has been groomed for leadership throughout his career in the family business. He previously served in senior executive roles across News Corp and 21st Century Fox before taking the helm as Chairman. Lachlan also serves as Executive Chair and CEO of Fox Corporation, demonstrating the family's continued influence across multiple media entities. His appointment as Chairman ensures continuity of the Murdoch family's strategic vision and maintains the family's voting control through the dual-class share structure.
Robert J. Thomson
Robert J. Thomson has served as Chief Executive Officer and Director of News Corp since 2013, leading the company through its separation from 21st Century Fox and subsequent digital transformation. In June 2025, the company announced it had extended Thomson's contract to June 2030, reflecting board confidence in his leadership. Under Thomson's tenure, News Corp has 'engineered a seismic shift toward recurring digital revenue streams, reduced reliance on cyclical advertising, and positioned itself as a leader in AI-driven content innovation.' Thomson previously served as Editor-in-Chief of The Wall Street Journal and managing editor of the Financial Times, bringing extensive journalistic and editorial expertise to his role. He has been instrumental in negotiating major AI licensing deals, including the landmark $250 million partnership with OpenAI announced in May 2024.
Lavanya Chandrashekar
Lavanya Chandrashekar has served as Chief Financial Officer of News Corp since 2025, succeeding Susan Panuccio who held the CFO position from 2017 to 2025. Chandrashekar received a $2.6 million one-time equity bonus upon her appointment as CFO. She brings extensive financial expertise to the role and is responsible for overseeing News Corp's global financial operations, reporting, treasury, tax, and investor relations functions across the company's diverse portfolio of media and information services businesses. Her appointment comes at a critical time as News Corp continues its digital transformation and navigates evolving business models in the media industry.
Almar Latour
Almar Latour serves as CEO of Dow Jones, News Corp's flagship professional information and consumer publishing division that includes The Wall Street Journal, Barron's, and MarketWatch. Under his leadership, Dow Jones achieved record profitability and revenues of $2.3 billion in fiscal 2024, representing a 14% increase year-over-year. Latour has been instrumental in Dow Jones' digital transformation, with digital revenues now representing approximately 80% of total segment revenue. He has overseen significant growth in digital subscriptions, with Dow Jones digital-only subscriptions reaching over 5.2 million in 2024, growing 16% year-over-year, while total Wall Street Journal subscriptions reached nearly 4.3 million.
Rebekah Brooks
Rebekah Brooks serves as CEO of News UK, overseeing News Corp's British newspaper operations including The Sun, The Times, and The Sunday Times. Brooks is one of the most high-profile and controversial figures in British media, having previously served as editor of The Sun and News of the World before returning to lead News UK. Under her leadership, News UK has navigated significant digital transformation challenges, with properties like The Sun experiencing major traffic fluctuations while developing new digital revenue streams including The Sun's Club subscription service launched in 2024 and growing YouTube revenues that more than doubled in the second half of 2024.
Brian Murray
Brian Murray serves as CEO of HarperCollins, News Corp's global book publishing division. HarperCollins is one of the 'Big Five' English-language publishers and publishes works by notable authors across fiction, nonfiction, and children's literature. Under Murray's leadership, HarperCollins reported a significant 250% increase in segment EBITDA to $57 million in Q4 fiscal 2024, driven by strong sales across various formats including print, digital, and audio books. Murray has overseen HarperCollins' digital transformation while maintaining the publisher's commitment to discovering and nurturing literary talent.
Michael Miller
Michael Miller serves as CEO of News Corp Australia, overseeing the company's extensive Australian media operations including major metropolitan and regional newspapers, digital news platforms, and information services. News Corp Australia publishes The Australian, the country's only national general-interest daily newspaper, along with major metro papers in Sydney, Melbourne, Brisbane, Adelaide, Perth, and Hobart. Miller leads operations in News Corp's founding market and birthplace of the Murdoch media empire, managing the ongoing transition from print to digital while maintaining News Corp's influential position in Australian media and politics.
Damian Eales
Damian Eales serves as CEO of Move, Inc., which operates realtor.com, one of America's leading digital real estate platforms. Under Eales' leadership, Move has focused on providing comprehensive real estate information and services to home buyers, sellers, and renters. The Digital Real Estate Services segment, which includes both Move and REA Group, saw revenues rise 21% and segment EBITDA surge 25% in Q4 fiscal 2024, representing one of News Corp's strongest growth segments as the company diversifies beyond traditional media.
Julian Delany
Julian Delany serves as Executive Vice President and Chief Technology Officer of News Corp, a position announced in 2024. As CTO, Delany is responsible for overseeing technology strategy, infrastructure, and innovation across News Corp's diverse portfolio of digital media, publishing, and information services businesses. His appointment reflects News Corp's commitment to technological innovation and digital transformation, particularly as the company navigates AI integration, digital subscriptions, and evolving content distribution models.
David Pitofsky
David Pitofsky serves as General Counsel of News Corp, overseeing all legal affairs for the global media company. His role includes managing corporate governance, regulatory compliance, intellectual property protection, and litigation strategy. Pitofsky has been involved in News Corp's legal efforts to protect its content, including the October 2024 lawsuit against Perplexity for alleged 'massive illegal copying' of content without permission or compensation, as well as negotiating content licensing agreements with AI platforms and managing the complex legal landscape of international media operations.
Open Positions
Reddit Discussions
Key Differentiators
Market Leader
News Corp (Class B) is recognized as a market leader in the Communications sector, demonstrating strong industry presence and customer trust.
Enterprise Scale
With $10100M in revenue, News Corp (Class B) operates at enterprise scale with proven market validation.
Massive User Base
Trusted by 4M worldwide, demonstrating broad market appeal and proven reliability.
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