8-K
filed November 15, 2022, 6:59 PM ET
ticker NWSA
CIK 0001564708
other material
confidence high
sentiment positive
materiality 0.75
News Corp reports record FY2022 profit; exploring potential combination with Fox
NEWS CORP
- Full-year Segment EBITDA rose 31% to $1.67B; revenue grew 11% to record levels.
- Reported EPS $1.05, up from $0.56 prior year; Dow Jones revenue exceeded $2B.
- Digital Real Estate revenue up 25% to $1.7B; News Media EBITDA soared 317% to $217M.
- Foxtel streaming subscribers up 31% to 2.8M; churn fell to 13.8% in Q4.
- Special Committee formed to explore potential combination of News Corp and Fox Corporation; no certainty of transaction.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NEWS CORP shareholders approved Advisory vote on executive compensation at the 2022-11-15 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2022-11-15
Exact text from the filing
Proposal No. 3 : A proposal to approve, on an advisory, nonbinding basis, the Company’s executive compensation passed as follows: For: 162,300,393 Against: 12,807,817 Abstain: 33,820 Broker Non-Votes: 778,046
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NEWS CORP shareholders rejected Nonbinding stockholder proposal requesting additional reporting on lobbying at the 2022-11-15 meeting.
- Outcome
- failed
- Meeting
- 2022-11-15
Exact text from the filing
Proposal No. 4 : A nonbinding stockholder proposal requesting additional reporting on lobbying was submitted for inclusion in the Company's proxy statement for the Annual Meeting. Neither the proponent nor an authorized representative appeared at the Annual Meeting to present the proposal. Nonetheless, without waiving any of the Company’s rights under the securities laws to exclude any proposal that the proponent may submit for inclusion in the proxy statement for any stockholder meeting held in the next two years, the Company elected to present the proposal and report its results. The proposal failed to pass as follows: For: 23,737,186 Against: 149,782,987 Abstain: 1,621,857 Broker Non-Votes: 778,046
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NEWS CORP shareholders approved Ratification of selection of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending June 30, 2023 at the 2022-11-15 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2022-11-15
Exact text from the filing
Proposal No. 2 : A proposal to ratify the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2023 passed as follows: For: 175,728,726 Against: 162,667 Abstain: 28,683 Broker Non-Votes: 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NEWS CORP shareholders approved Election of Directors at the 2022-11-15 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2022-11-15
Exact text from the filing
Proposal No. 1 : The following individuals were elected to serve as Directors of the Company: Name For Against Abstain Broker Non-Votes K. Rupert Murdoch 157,548,770 5,050,659 12,542,601 778,046 Lachlan K. Murdoch 142,160,981 20,439,007 12,542,042 778,046 Robert J. Thomson 160,222,258 2,374,793 12,544,979 778,046 Kelly Ayotte 156,791,548 5,801,966 12,548,516 778,046 José María Aznar 148,062,568 14,530,494 12,548,968 778,046 Natalie Bancroft 153,650,881 8,942,109 12,549,040 778,046 Ana Paula Pessoa 146,233,807 16,358,949 12,549,274 778,046 Masroor Siddiqui 161,916,638 675,948 12,549,444 778,046
View on SEC.gov
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