secwatch.observer — SEC 8-K summary
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Issuer:     NEWS CORP (NWSA)
CIK:        0001564708
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001564708-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

News Corp Q2 revenue falls 7% to $2.52B, net income $94M; 1,250 job cuts planned
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- Revenue $2.52B, down 7% YoY; net income $94M vs $262M; reported EPS $0.12 vs $0.40.
- Total Segment EBITDA $409M, down 30% from $586M; adjusted EPS $0.14 vs $0.44.
- Plans to cut ~1,250 positions (5% of workforce) in calendar 2023 to reduce costs.
- Dow Jones professional information revenue up 45% from OPIS/CMA acquisitions; Book Publishing down 14%.
- Engaged in discussions with CoStar Group about potential sale of Move (Realtor.com).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564708/000156470823000011/0001564708-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564708/000156470823000011/nws-20230209.htm
  HTML page:      https://secwatch.observer/filing/0001564708-23-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer