News

News Corporation is a diversified media conglomerate with significant presence in the us, the UK, and Australia. Key mastheads include The Wall Street Journal, Barron's, New York Post, The Times, The Sun, The Australian, Herald Sun, and The Daily Telegraph. Its 61%-owned REA Group is the dominant property listings business in Australia. In addition, it owns Harper Collins, one of the largest book publishers in the world, and has a sizable us digital property advertising business, Move. An agreement has been reached to sell Foxtel, the Australian pay-TV and streaming provider in which News Corp has a 65% shareholding. The sale to global sports streaming platform, DAZN, is struck at more than 7 times Foxtel's fiscal 2024 EBITDA, equating to enterprise value of AUD 3.4.

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Rupert Murdoch&#39;s attempt to favor his eldest son Lachlan in a trust fund shuffle hit a roadblock when Commissioner Edmund J. Gorman Jr. ruled against it.

Murdoch Succession Plan Faces Setback As Commissioner Rejects Eldest Son&#39;s Control

Perplexity AI

Tech

Rupert Murdoch&#39;s Dow Jones and the New York Post have filed a lawsuit against Jeff Bezos-backed AI firm Perplexity, accusing it of using their copyrighted content without authorization and redirecting traffic away from their platforms.

Rupert Murdoch&#39;s Dow Jones, New York Post Sue Jeff Bezos-Backed Perplexity For Copyright Infringement, Accuse AI Firm Of &#39;Massive Freeriding&#39;

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Fewer Multifamily Permits Today Could Mean Costlier Rents Ahead

David Kline to Depart as Chief Technology Officer of News Corp

Bigger Down Payments Continue in Q4 2024 as Homeowners Use Pandemic Era Savings and Increased Home Equity

Dow Jones Completes Acquisition of Dragonfly Intelligence and Oxford Analytica

Dow Jones Launches Premium News Product for Risk & Compliance Professionals

News Corp Completes the Sale of Foxtel Group to DAZN

The Number of Days You Need To Work To Afford a Monthly Mortgage Payment in Each State

Spring Inventory Blooms, but Buyers Remain Cautious Amid Economic Uncertainty

New Study from Realtor.com® Finds Movers Spend More than $17,000 on Average Setting Up Their Homes and Establishing New Routines

Northeast and Midwest See Rising Down Payments While the South Lags, According to Realtor.com®

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