News Corp facts for kids
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Headquarters in Manhattan, New York City
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Trade name
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News Corp |
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| Public | |
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| Industry | Media |
| Predecessor | News Corporation |
| Founded | June 28, 2013 |
| Founder | Rupert Murdoch |
| Headquarters | 1211 Avenue of the Americas, , |
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Area served
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Worldwide |
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Key people
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| Products |
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| Revenue |  US$8.45 billion (2025) |
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Operating income
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US$824 million (2025) |
| US$1.18 billion (2025) |
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| Total assets |  US$15.5 billion (2025) |
| Total equity | US$8.77 billion (2025) |
| Owner | Murdoch family (39% voting power) |
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Number of employees
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22,300 (2025) |
| Subsidiaries | List of subsidiaries |
| Footnotes / references Financials as of June 30, 2025[update]. |
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News Corporation, also known as News Corp, is a big American company. It works in mass media and publishing. Its main office is in New York City. The company started on June 28, 2013. It was created when the first News Corporation split into two separate companies.
News Corp focuses on several areas:
- Digital real estate information (like websites for finding homes).
- News media (newspapers and news websites).
- Book publishing.
- Cable television.
Some of its well-known businesses include Dow Jones & Company, which publishes The Wall Street Journal. It also owns News UK, which publishes The Sun and The Times. Other parts are News Corp Australia, REA Group (which runs realestate.com.au and realtor.com), and the book publisher HarperCollins.
News Corp and 21st Century Fox were formed from the original News Corp. The original company had many entertainment businesses. The split made 21st Century Fox the legal continuation of the old company. The new News Corp was a brand new company. Since March 19, 2019, Fox Corporation is also controlled by the Murdoch family. On September 21, 2023, Rupert Murdoch announced he would step down as News Corp's chairman.
Contents
History of News Corp
How News Corp Started
On June 28, 2012, Rupert Murdoch said that the publishing parts of News Corporation would become a new company. He believed this split would help both companies grow better. It would let investors see the true value of each part. This decision also came after some problems had affected the reputation of the original News Corporation.
Robert Thomson, who was the editor of The Wall Street Journal, became the first chief operating officer for the new company. Rupert Murdoch remained the chairman and a shareholder. Thomson said the new company would act like a "start-up." This meant it would be creative and look for new ways to do business. The new News Corporation's logo was shown on May 28, 2013. It looks like Rupert Murdoch's own handwriting.
News Corp's board approved the split on May 24, 2013. Shareholders also approved it on June 11.
The new News Corp's shares started trading on the Australian Securities Exchange on June 19, 2013. The company was valued at about $7.9 billion US dollars. The company officially split on June 28, 2013. For every four shares people owned in the old News Corp, they received one share in the new News Corp.
The current News Corp began trading on the Nasdaq stock exchange on July 1, 2013. At the same time, the old News Corporation, which now only had media businesses, was renamed 21st Century Fox.
News Corp After the Split
On September 4, 2013, News Corp announced it would sell the Dow Jones Local Media Group. This group included 33 local newspapers. They were sold for $87 million to Newcastle Investment Corp. The newspapers are now run by GateHouse Media. Robert Thomson said these newspapers did not fit with the company's new plans.
On December 20, 2013, News Corp bought Storyful. This was a social news agency based in Dublin, Ireland. Storyful finds and checks user-generated content from social media. It then shares this content with news partners. This was News Corp's first purchase since the split. Robert Thomson said Storyful was great at finding valuable videos.
On May 2, 2014, News Corp bought Harlequin Enterprises for $415 million. Harlequin publishes romance novels. This deal finished on August 1. Harlequin is now part of News Corp's HarperCollins book publishing business.
On September 30, 2014, News Corp announced it bought Move, Inc.. This company owns Realtor.com, a popular website for real estate listings.
News Corp also started investing in India in late 2014. They invested in a real estate site called ProTiger. They also bought BigDecisions.com, a financial planning website. In March 2015, they bought an Indian media company called VCCircle.
In October 2015, News Corp sold its digital education brand, Amplify. In June 2016, News Corp bought Wireless Group. This is a British radio broadcaster.
In January 2020, News Corp sold Unruly, a video advertising company. On July 31, 2020, James Murdoch left the News Corp board of directors. He had disagreements about some news content and other company decisions.
On February 4, 2022, News Corp had a cyberattack. Hackers, believed to be from China, were involved.
On October 14, 2022, Rupert Murdoch suggested bringing Fox and News Corp back together. A special committee was set up to look into this. However, on January 24, 2023, the idea of merging the companies was dropped.
In February 2023, the company announced it would reduce its workforce by 5%. This affected different parts of the company.
In September 2023, News Corp reported that Rupert Murdoch would retire from the board of News Corporation. He also retired from the board of Fox Corporation. His son, Lachlan Murdoch, took his place on both boards in November 2023.
In June 2025, the company announced that its chief executive, Robert Thomson, would continue in his role until June 2030.
Leadership Changes
Rupert Murdoch stepped down from the boards of News Corporation and Fox Corporation in November 2023. His son, Lachlan Murdoch, took over his roles as chairman of both companies.
What News Corp Owns
News Corp owns the newspaper and book publishing businesses from the original News Corporation. It also owns digital real estate advertising companies. These real estate businesses are now the largest part of News Corp.
See also
In Spanish: News Corp para niños
- Succession of Rupert Murdoch, a court case related to the Murdoch family's control of the company.
