News Corp's Triumph at 2024 Annual Meeting: Dual-Class Structure and Strategic Acquisitions Drive Success

News Corp's 2024 Annual Meeting of Stockholders was a resounding success, with stockholders overwhelmingly supporting the company's full slate of Directors and voting with the Board's recommendations on all proposals. The company's dual-class capital structure, strategic acquisitions, and disciplined cost management programs have driven record profitability and significant value creation for stockholders.

News Corp's dual-class capital structure has been a critical factor in maintaining stability and implementing its transformational strategy. This structure, which separates voting and economic interests, has enabled the company to focus on long-term strategy and innovation. Despite major changes in consumer behavior amidst the digital revolution, News Corp has thrived under this structure, achieving record profitability and significant value creation for stockholders.

Strategic acquisitions have been another key driver of News Corp's success. The company has made strategic acquisitions, such as Move, Inc. and Storyful, which have expanded its digital real estate services segment and content licensing deals with major technology platforms, respectively. These acquisitions, along with organic digital reinvestment and disciplined cost management programs, have enabled News Corp to achieve record profitability and outperform both the S&P 500 and its peer group in recent years.

The Board's long-term vision has been instrumental in News Corp's transformational strategy and outperformance. With the Board's support, the company has struck landmark content licensing deals with major technology platforms, creating new revenue streams and additional growth levers. Over the last five years, News Corp's stock price has materially outperformed both the S&P 500 and its peer group, demonstrating the Board's success in driving sustained results and actively shaping the future of news and information in the AI era.

In conclusion, News Corp's 2024 Annual Meeting of Stockholders showcased the company's success in maintaining stability, implementing strategic acquisitions, and driving record profitability. The company's dual-class capital structure, strategic acquisitions, and disciplined cost management programs have all contributed to its enduring success. As News Corp continues to shape the future of news and information in the AI era, investors can expect more positive developments from this enduring media and information services company.