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NWS on Nasdaq. News sells news, information, digital real estate and books to consumers and businesses. Market value $17.1bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to June 2026.

The company doesn't report operating profit, so we work it out from pre-tax profit and interest.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Media & telecom stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
4.6%fair

For every $100 of what the whole company costs, it produced $4.61 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
17.2×full

You pay 17.2 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to June 2026
7.5%five-year median

Each dollar kept in the business earns 8 cents a year. Above 10 is good.

Quality score: 61 of 100. Price score: 67 of 100. Our list needs 70 on quality and 60 on price.

$31.52 a share, 24% above its 1-year low

Over the past year the price has ranged from $25.49 to $35.76.

Dividend: 1.2% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.9
0.7
0.7
0.6
0.8
20222023202420252026
Revenue
$10.4bn$8.0bn$8.3bn$8.5bn$9.0bn
Operating margin
8.8%5.4%7.3%10.9%11.3%
Debt to equity
0.380.370.260.220.23
Shares outstanding
0.59bn0.58bn0.57bn0.57bn0.56bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)5 of 7 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt0.23× equity
  • Revenue growth, five yearsShrinking, 0.7% a year
  • Buying back its own sharesYes, 6% fewer since 2022

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $2.3 billion last quarter, up 11% on a year ago.
  • Profit: $179 million, down 76% on a year ago.
  • Spare cash over the past 12 months: $811 million, up from $571 million.
  • It has $106 million more cash than debt, down from $441 million a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$2.1bn
December 2024$2.2bn
March 2025$2.0bn
June 2025$2.1bn
September 2025$2.1bn
December 2025$2.4bn
March 2026$2.2bn
June 2026$2.3bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$119m
December 2024$215m
March 2025$103m
June 2025$743m
September 2025$112m
December 2025$193m
March 2026$89m
June 2026$179m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
5 November 2026
Last annual report (10-K)
7 August 2026
Next quarterly (estimated, 10-Q)
7 August 2026

Who owns it

3 long-term investors we follow own it, down from 4 last quarter. 345 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

4 investors own more than 5%.

  • Cruden 2, LLC
    Insider or founder
    at least 33.2%
    (filed with 3 related holders)
    Since 7 September 2025
    What they said

    The information set forth in Items 3 and 6 of this Schedule 13D is incorporated by reference in its entirety into this Item 4. The Reporting Persons initially acquired the Class B Shares for investment purposes. The Reporting Persons intend to continue to review their investment…

    Read the filing
  • 8.8%+1.1 pts
    Since 30 June 2026
  • 8.1%
    Since 31 March 2026
  • SSGA FUNDS MANAGEMENT, INC.
    Passive investor
    7.2%+2.2 pts
    Since 31 March 2026
  • STATE STREET CORPORATION
    Passive investor
    Sold down below 5%
    Since 30 June 2026
  • Perpetual Limited
    Passive investor
    Sold down below 5%
    Since 30 June 2026
  • Perpetual Investment Management Limited
    Passive investor
    Sold down below 5%
    Since 30 June 2026
  • Sold down below 5%
    Since 30 September 2025
  • K. Rupert Murdoch
    Passive investor
    Sold down below 5%
    Since 6 September 2025
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026
  • MFT SH Family Trust
    Sold down below 5%
    Since 6 September 2025
    What they said

    The Reporting Persons have sold all of their beneficial ownership of the Shares. The filing of this Schedule 13D constitutes an exit filing for the Reporting Persons.

    Read the filing

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 5 sold $3m.

  • Delany Julian
    Chief Technology Officer
    Sold
    Date
    17 August 2026
    Shares
    1,747
    Price
    $28.72
    Value
    $50,174
  • Chandrashekar Lavanya
    Chief Financial Officer
    Sold
    Date
    17 August 2026
    Shares
    17,785
    Price
    $28.66
    Value
    $509,807
  • Allen Ruth
    Chief Human Resources Officer
    Sold
    Date
    17 August 2026
    Shares
    21,521
    Price
    $28.99
    Value
    $623,930
  • DeGrazio Marygrace
    Chief Accounting Officer
    Sold
    Date
    17 August 2026
    Shares
    18,303
    Price
    $28.76
    Value
    $526,394
  • Pitofsky David B
    General Counsel
    Sold
    Date
    17 August 2026
    Shares
    51,423
    Price
    $28.76
    Value
    $1m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the serious warning signs we check for were found. 1 thing worth knowing.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 7 Aug 2026, plus 40 later 8-Ks.

  • Changed auditor

    Worth knowing

    The company changed its auditor (the firm that checks its books) in the last two years.

    “As a result, EY will be dismissed as the Company’s independent registered public accounting firm, effective upon completion of the audit for the fiscal year ending June 30, 2027.”

    From an 8-K filed 12 June 2026: Change of auditor. Read it in the filing

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • Sales have shrunk: 0.7% a year.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.