News Corporation
American media company
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2024 | The company showed renewed financial strength, achieving a net profit of US$354 million for the financial year ending June 30, with a reduced employee count of 23,900. |
2023 | News Corporation's financial performance moderated, with a net profit of US$149 million for the financial year ending June 30, and a slight reduction in employees to 25,000. |
2023 | Efforts to re-merge News Corp and Fox Corp were quickly abandoned. |
2022 | The company continued its financial improvement, reporting a net profit of US$623 million for the financial year ending June 30, with employee count rising to 25,500. |
2022 | Preliminary explorations of a potential re-merger between News Corp and Fox Corp were initiated. |
2021 | News Corporation rebounded financially, achieving a net profit of US$330 million for the financial year ending June 30, with a slight increase in employees to 24,000. |
2020 | The company faced another significant financial challenge, reporting a net loss of US$1,269 million for the financial year ending June 30, with a reduction in employee count to 23,500. |
2019 | News Corporation showed signs of financial recovery, turning a profit of US$155 million for the financial year ending June 30, while maintaining a stable employee count of 28,000. |
March 20 2019 | Disney acquired the remaining media assets of 21st Century Fox, effectively ending the original News Corporation's existence. |
March 19 2019 | Broadcasting, sports, and news assets of 21st Century Fox were spun off to Fox Corporation to address anti-trust concerns. |
2018 | The company's financial performance continued to decline, with a net loss of US$1,514 million for the financial year ending June 30, and a slight increase in total assets to US$16.3 billion. |
2018 | Comcast acquired Sky, with 21st Century Fox selling their stake. |
2017 | News Corporation experienced a significant financial loss of US$740 million for the financial year ending June 30, marking a challenging period for the company. |
2017 | Disney announced its intent to acquire 21st Century Fox after a bidding war with Comcast. |
2015 | 21st Century Fox and National Geographic Society formed a joint venture, with 21CF retaining a 73% stake in media assets. |
August 5 2014 | 21st Century Fox abandoned potential merger talks with Time Warner. |
July 1 2013 | Both new companies commenced trading on the Nasdaq. |
June 28 2013 | The formal corporate split was finalized, creating two new companies: the new News Corporation (publishing) and 21st Century Fox (media). |
June 19 2013 | Preliminary trading for the new News Corporation began on the Australian Securities Exchange. |
June 11 2013 | Shareholders approved the corporate split of News Corporation. |
June 28 2012 | Rupert Murdoch announced News Corporation would be restructured into two publicly traded companies: a media-focused company and a publishing-focused company. |
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