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News Corporation Class B Voting CDI ASX:NWS

2 opened or increased5 held1 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 9 managers in total.

Position history by manager Showing 3 of 9 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

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202420252026

17 Oct 2025 to today

Commentary Showing 2 of 28

DateManagerActionSummary

7 Oct 2026Alvia Asset PartnersHeldAlvia Asset Partners continues to hold News Corporation (ASX: NWS) because it views the group as a steady compounder built on a portfolio of media and digital franchises with leading positions and strong competitive moats. These include a roughly 61% stake in Australian real estate portal REA Group, business intelligence provider Dow Jones, publisher HarperCollins and leading newspaper mastheads. Alvia believes these competitive positions underpin durable pricing power, particularly at REA and Dow Jones, the group's largest businesses. The manager also highlights strong and consistent free cash flow, which has enabled management to return capital through buybacks while executing accretive acquisitions.

Article, price recorded $45.13

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31 Jul 2026Perpetual Asset ManagementHeldPerpetual Asset Management continues to hold News Corporation because the stock climbed 9.92% in July, with a strong fourth-quarter result reported in early August showing a 13% group EBITDA beat versus consensus, with every segment exceeding expectations. The manager highlights the most significant beats coming from Dow Jones and Digital Real Estate, the largest and highest-quality divisions within News Corp, with ongoing growth in Dow Jones underpinned by strong digital subscriber growth at the Wall Street Journal and revenue growth in the Risk and Compliance data business. Perpetual has maintained that Dow Jones and News Corp's broader asset portfolio are undervalued given a market perception that the ex-REA "rump" is a low-quality business in structural decline, and views this result as lending credibility to Dow Jones's sustainable growth and supporting a re-rating, alongside very strong free cash flow growth of 42% in the fourth quarter and full year, which the manager expects will continue to support the buyback program it sees as a compelling use of capital at current prices.

Monthly Report, price recorded $45.42

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Price at first mentionThe share price recorded when each of 9 managers first commented on NWS.

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Articles

About News Corporation Class B Voting CDI

Communication Services, Media

News Corp (ASX:NWS), the global media and information company, is favoured by fund managers for its Dow Jones growth and REA stake. In July 2026, Perpetual reported News Corp climbed almost 10% and delivered a strong fourth-quarter result. Airlie described News Corp as a debt-free company that grew earnings 10% in a quarter, beating expectations, and increased its buyback, while Cooper Investors highlighted a Dow Jones investor day setting a five-year target of $1 billion in EBITDA. Longwave noted most revenue is generated offshore. News Corp operates in the Communication Services sector within the Media industry, and Thesis Tracker has captured 27 comments from 8 fund managers, including Perpetual, Airlie, Cooper Investors, Longwave and Yarra. Founded by Rupert Murdoch in 1979 and headquartered in New York, News Corp owns Dow Jones, publishers including The Wall Street Journal and The Australian, HarperCollins and a controlling stake in REA Group.

Market cap: $16.5b
Price to earnings: Loss-making
Return on equity: 0.0%
Dividend yield: 0.0%
Price to book: 0.00x
Net margin: 0.0%
52-week range: $36.01 to $49.67

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in News Corporation Class B Voting CDI (ASX:NWS)?

Fund managers including Blackwattle Investment Partners, Centennial Asset Management, Airlie Funds Management, Oracle Advisory Group, Perpetual Asset Management, Yarra Capital Management, Cooper Investors, Longwave Capital and Alvia Asset Partners have invested in News Corporation Class B Voting CDI (ASX:NWS).

What opportunities or catalysts do fund managers highlight for News Corporation Class B Voting CDI?

Managers highlight earnings beats, a debt-free balance sheet, an expanded buyback and Dow Jones' target to nearly double EBITDA to $1 billion within five years, according to Airlie and Cooper Investors, alongside its valuable REA Group stake.

What are the key risks to the News Corporation Class B Voting CDI investment thesis, according to fund managers?

The available commentary is positive and does not detail specific risks, though News Corp remains exposed to structural pressures in traditional news publishing and to advertising cycles.

What does News Corporation Class B Voting CDI (ASX:NWS) do?

News Corp is a global media and information services company founded in 1979 by Rupert Murdoch, headquartered in New York. The firm distributes content through six segments: Digital Real Estate Services (REA Group), Subscription Video Services (pay-TV and streaming), Dow Jones (financial news and data), Book Publishing (HarperCollins), News Media (News Corp Australia, News UK, New York Post), and Other (corporate overhead). News Corp provides diverse products to consumers and businesses worldwide via print, digital, and audio platforms, ranging from proprietary databases and investment-grade journalism to global book publishing and streaming entertainment services.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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