News Corp (NWS) Responds to Non-Binding Stockholder Proposal

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Go back to News Corp (NWS) Responds to Non-Binding Stockholder Proposal

News Corp Responds to Non-Binding Stockholder Proposal

September 9, 2024 3:15 PM EDT

NEW YORK--(BUSINESS WIRE)-- News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) (the Company) confirmed today that a stockholder has submitted a non-binding proposal for presentation at News Corps 2024 Annual Meeting of Stockholders (the 2024 Annual Meeting) to request that the Board of Directors adopt a recapitalization plan that would eliminate News Corps dual-class capital structure.

The Board believes that the Companys dual-class capital structure promotes stability and has facilitated the successful implementation of News Corps transformational strategy and long-term outperformance for all News Corp stockholders.

The Company has thrived under the current structure and guidance of the... More