Company Of The Day: News Corp

October 18th, 2022 by Trefis Team
+5.70%
Upside
29.49
Market
31.17
Trefis
NWSA: News logo
NWSA
News

What?

News Corp (NYSE:NWSA) confirmed that it was looking to merge with Fox, recombining after close to a decade as separate companies.

Why?

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The companies are likely looking to gain scale in an increasingly competitive media business.

So What?

While Newscorp stock was up by almost 3% in trading on Monday, Fox shareholders do not appear very enthusiastic about the deal, with the stock down 8%.

See Our Complete Analysis For News Corp

 

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Returns Oct 2022
MTD [1]		 2022
YTD [1]		 2017-22
Total [2]
 NWSA Return 7% -28% 41%
 S&P 500 Return 3% -23% 64%
 Trefis Multi-Strategy Portfolio 2% -25% 196%

[1] Month-to-date and year-to-date as of 10/18/2022
[2] Cumulative total returns since the end of 2016

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