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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