Overview

• News Corp’s fourth-quarter net income rose 28% year-over-year to $86 million and revenue increased 1% to $2.11 billion, topping analyst estimates.
• Higher circulation and subscription sales at Dow Jones and strong Australian residential revenue at REA Group drove the quarter’s growth.
• The board authorized a new $1 billion stock repurchase program in addition to about $300 million remaining from an earlier authorization.
• CEO Robert Thomson called for stronger protection of intellectual property as artificial intelligence poses new threats to creative content.
• The Wall Street Journal is defending a $10 billion libel lawsuit filed by President Donald Trump, with Rupert Murdoch’s deposition delayed pending the company’s motion to dismiss.