Strong Earnings, Yet... Reasons Behind the Stagnant Stock Price of WSJ's Parent Company

News Corp Class B (NASDAQ: NWS) closed at $27.24 on the Nasdaq, down 0.22%. Its market capitalization stands at approximately $5.04 billion (roughly KRW 6.8 trillion), with about $11 million (around KRW 150 billion) wiped out in a single trading day. Volume for the session totaled 1,188,651 shares.

In its fiscal 2026 second quarter results, announced in February, News Corp reported revenue of $2.36 billion (about KRW 3.2 trillion) and adjusted EPS of $0.40—both marking year-over-year growth and exceeding market expectations.

The company is executing a $1 billion (approximately KRW 1.3 trillion) share repurchase program and has continued buying Class A shares in daily tranches worth several million dollars throughout March.

News Corp is a U.S. media and publishing powerhouse—owner of The Wall Street Journal, Dow Jones, HarperCollins, and Australia’s REA Group—operating primarily in the U.S., U.K., and Australia.

The Murdoch family maintains control through a dual-class share structure, a governance and succession arrangement that has sparked ongoing debate.