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Campaigns / Starboard Value → News Corporation
Starboard Value vs. News Corporation

News Corporation · NWSA

3 decks published between 2023-10-01 and 2024-09-09 — 29 pages, 26 analysed slides total.

initial thesis follow up

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2023-10-01 initial thesis

    2023 10 2023_Active Passive_Investor_Summit_ _News_Corporation

    23pp · conference_presentation

    News Corp's REA stake alone is worth $8B of its $12B EV — separating Digital Real Estate would expose Dow Jones and surface ~50% upside to ~$33/share.

    N 4 V 3 C 3
    ⌂ ◫
  2. 2024-09-09 follow up

    2024 01 Starboard_Value_LP_Letter_to_News_Corp._Shareholders_09.09.2024

    3pp · letter

    Starboard urges News Corp shareholders to vote to collapse the dual-class structure that gives the Murdoch family 41% voting power on only 14% economic ownership.

    N 3 V 2 C 1
    ⚑
  3. 2024-09-09 follow up

    2024 09 Starboard_Value_LP_Letter_to_News_Corp._Shareholders_09.09.2024

    3pp · letter

    News Corp's dual-class structure entrenches a fractious Murdoch family with 14% economics but 41% of the vote; collapsing it would remove a governance discount already rejected by 90% of unaffiliated holders.