NEWS CORP (NWSA) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that NEWS CORP surfaced in its latest filing.

• During fiscal 2026, high home prices, low inventory, elevated interest rates, and lower consumer confidence adversely impacted the U.S. real estate market and the Digital Real Estate Services segment.fiscal 2026
• During fiscal 2026, high home prices, low inventory, elevated interest rates, and lower consumer confidence adversely impacted the U.S. real estate market and the Digital Real Estate Services segment.2026
• During fiscal 2026, high home prices, low inventory, elevated interest rates, and lower consumer confidence adversely impacted the U.S. real estate market and the Digital Real Estate Services segment.fiscal 2026
• During fiscal 2026, high home prices, low inventory, elevated interest rates, and lower consumer confidence adversely impacted the U.S. real estate market and the Digital Real Estate Services segment.2026
• Recently enacted Australian housing reform legislation may impact listing volumes and the Company’s digital real estate services business in Australia.
• Recently enacted Australian housing reform legislation may impact listing volumes and the Company’s digital real estate services business in Australia.
• Recently enacted Australian housing reform legislation may impact listing volumes and the Company’s digital real estate services business in Australia.
• Recently enacted Australian housing reform legislation may impact listing volumes and the Company’s digital real estate services business in Australia.
• Settlements of class action lawsuits against certain brokerages, franchisors, and NAR resulted in changes to NAR’s rules and practices, including how buyer broker commissions are offered and negotiated.
• Settlements of class action lawsuits against certain brokerages, franchisors, and NAR resulted in changes to NAR’s rules and practices, including how buyer broker commissions are offered and negotiated.
• Settlements of class action lawsuits against certain brokerages, franchisors, and NAR resulted in changes to NAR’s rules and practices, including how buyer broker commissions are offered and negotiated.
• Settlements of class action lawsuits against certain brokerages, franchisors, and NAR resulted in changes to NAR’s rules and practices, including how buyer broker commissions are offered and negotiated.
• During fiscal 2026, geopolitical tensions, conflicts, and elevated interest rates contributed to economic uncertainty, reducing advertiser spending and lowering advertising revenues at certain of the Company's businesses.fiscal 2026
• During fiscal 2026, geopolitical tensions, conflicts, and elevated interest rates contributed to economic uncertainty, reducing advertiser spending and lowering advertising revenues at certain of the Company's businesses.fiscal 2026
• During fiscal 2026, geopolitical tensions, conflicts, and elevated interest rates contributed to economic uncertainty, reducing advertiser spending and lowering advertising revenues at certain of the Company's businesses.2026
• During fiscal 2026, geopolitical tensions, conflicts, and elevated interest rates contributed to economic uncertainty, reducing advertiser spending and lowering advertising revenues at certain of the Company's businesses.2026
• Closure of several newsprint suppliers during fiscal 2026 resulted in an increase in the market price for newsprint.fiscal 2026
• Closure of several newsprint suppliers during fiscal 2026 resulted in an increase in the market price for newsprint.fiscal 2026
• The closure of several newsprint suppliers during fiscal 2026 resulted in an increase in the market price for newsprint.2026
• The closure of several newsprint suppliers during fiscal 2026 resulted in an increase in the market price for newsprint.2026
• The E.U.’s Deforestation Regulation may affect the Company’s paper suppliers and printing and distribution partners.
• The E.U.’s Deforestation Regulation may affect the Company’s paper suppliers and printing and distribution partners.
• Move operates the Realtor.com® website under a perpetual agreement with NAR; if terminated, Move must transfer a copy of the website software to NAR and provide copies of advertiser and data provider agreements, and NAR could operate the site itself or with a third party.
• Move operates the Realtor.com® website under a perpetual agreement with NAR; if terminated, Move must transfer a copy of the website software to NAR and provide copies of advertiser and data provider agreements, and NAR could operate the site itself or with a third party.
• Move operates the Realtor.com® website under a perpetual agreement with NAR, which contains operating requirements and may be terminated by NAR for contractually-specified reasons; if terminated, Move would be required to transfer website software to NAR and provide copies of advertiser and data content provider agreements.
• Move operates the Realtor.com® website under a perpetual agreement with NAR, which contains operating requirements and may be terminated by NAR for contractually-specified reasons; if terminated, Move would be required to transfer website software to NAR and provide copies of advertiser and data content provider agreements.
• The Company is engaged in litigation to enforce its intellectual property rights amid unauthorized scraping and exploitation of content for AI training, where some lower court decisions have found unlicensed use may constitute fair use.
• The Company is engaged in litigation to enforce its intellectual property rights amid unauthorized scraping and exploitation of content for AI training, where some lower court decisions have found unlicensed use may constitute fair use.
• As of June 30, 2026, News Corp had $2.0 billion of total outstanding indebtedness, with approximately $1.1 billion of undrawn commitments under its non-wholly owned subsidiary REA Group.June 30, 2026
• As of June 30, 2026, News Corp had $2.0 billion of total outstanding indebtedness, with approximately $1.1 billion of undrawn commitments under its non-wholly owned subsidiary REA Group.June 30, 2026
• As of June 30, 2026, News Corp had $2.0 billion of total outstanding indebtedness and approximately $1.1 billion in undrawn commitments, with covenants that restrict certain corporate actions and may accelerate debt upon breach.2026-06-30
• As of June 30, 2026, News Corp had $2.0 billion of total outstanding indebtedness and approximately $1.1 billion in undrawn commitments, with covenants that restrict certain corporate actions and may accelerate debt upon breach.2026-06-30
• Litigation, regulatory, and other proceedings with governmental authorities and administrative agencies regarding antitrust, tax, data privacy and security, intellectual property, employment, alleged defamation or libel, consumer protection, and other matters (see Note 16 in the accompanying Consolidated Financial Statements).
• Litigation, regulatory, and other proceedings with governmental authorities and administrative agencies regarding antitrust, tax, data privacy and security, intellectual property, employment, alleged defamation or libel, consumer protection, and other matters (see Note 16 in the accompanying Consolidated Financial Statements).
• The Company has significant operations in Australia and the United Kingdom, with cash flows primarily in Australian dollars and British pound sterling, and uses hedging to reduce foreign exchange volatility, subject to counterparty default risk.
• The Company has significant operations in Australia and the United Kingdom, with cash flows primarily in Australian dollars and British pound sterling, and uses hedging to reduce foreign exchange volatility, subject to counterparty default risk.
• LGC Holdco, owned by certain Murdoch family trusts, beneficially owns approximately 34.52% of Class B Common Stock as of June 30, 2026; a stockholders agreement restricts them from exceeding 44% of the outstanding voting power of Class B Common Stock.June 30, 2026
• LGC Holdco, owned by certain Murdoch family trusts, beneficially owns approximately 34.52% of Class B Common Stock as of June 30, 2026; a stockholders agreement restricts them from exceeding 44% of the outstanding voting power of Class B Common Stock.June 30, 2026
• See Note 16 in the accompanying Consolidated Financial Statements for a discussion of litigation, regulatory, and other proceedings regarding antitrust, tax, data privacy, intellectual property, employment, defamation, and other matters.
• See Note 16 in the accompanying Consolidated Financial Statements for a discussion of litigation, regulatory, and other proceedings regarding antitrust, tax, data privacy, intellectual property, employment, defamation, and other matters.
• A $1 billion stock repurchase program for Class A and Class B Common Stock could increase LGC Holdco's ownership percentage.
• A $1 billion stock repurchase program for Class A and Class B Common Stock could increase LGC Holdco's ownership percentage.
• The Board has authorized a $1 billion stock repurchase program that could increase LGC Holdco’s percentage of Class B Common Stock, which was approximately 34.52% as of June 30, 2026.2026-06-30
• The Board has authorized a $1 billion stock repurchase program that could increase LGC Holdco’s percentage of Class B Common Stock, which was approximately 34.52% as of June 30, 2026.2026-06-30