News : 2024 Annual Report

NWSA

Annual Report 2024

Move generated strong growth in rental markets in part due to the new partnership with Zillow and expanded into the seller market with the launch of the Listing Toolkit.

REA Group's flagship site realestate.com. au extended its leadership with an average monthly unique audience of 10.8 million people and 5.7 million exclusive monthly visitors.

Dow Jones hit a pivotal milestone of over 50% of segment profitability driven by the surging B2B business.

Fiscal 2024 was News Corp's second most profitable year on record.

News Corp announced a landmark multi-year global partnership with OpenAI.

Paying streaming subscribers at Foxtel Group reached

3.2 million, up 5% year-on-year, with Kayo Sports and BINGE achieving record highs.

Digital sales at Book Publishing grew 9%, driven by an 18% boost in audiobook sales, fueled in part by the new Spotify partnership.

Wireless Group's radio brands, including talkSPORT, Virgin Radio UK and Times Radio, hit record weekly reach of

6.8 million and best-ever listening hours of 45.9 million.

The New York Post's digital network reached 117 million unique users in June 2024, compared to 145 million in the prior year.

Total digital subscriberstoNewsCorpAustralia's

publications grewapproximately5% to 1.12million.

$ 4 .00

MONDAY

April 22, 2024

contamination

Into the fight

NEWS {P3}

Chinese

SORRY'S

HARD TO Parisclaims taint

in contest

court against Higgins

SWALLOW SPORT {P28}

The Australian {P23}

NOT ENOUGH

swimming

of ideas

Reynolds still heading for

build-up

Chris Uhlmann joins

Don't blame me: radical preacher lashes Islamic leaders

EXCLUSIVE

Wissam Haddad - used an online

condone" the attack or the boy's

The Australian does not sug-

adding it did "not justify" what

words he has said ... he said he

away from that theological "chal-

sermon on Friday to claim he and

alleged action, and said the bish-

gest that is true, but that those

happened.

understood his words were caus-

lenge" to the bishop.

Alexi Demetriadi

his Al Madina Dawah Centre have

op's comments about Islam

were

views were being aired in those

"This is an individual (the bish-

ing anger and harm to the Muslim

Bishop Emmanuel has an ultra-

been blamed by mainstream Is-

"harmful ... anyone who heard

community circles.

op) who speaks against and hates

community."

orthodox reading of Christianity,

lamic leaders and the community

(them) would be angered".

The Australian is also not sug-

Islam, who speaks against the

In December, another of the

often questioning the validity of

for last Monday's terror incident.

Mr Ousayd's name was raised

gesting Mr Ousayd had any in-

prophet," he said, adding that

centre's directors, Ye Ye, posted a

other faiths, particularly Islam.

One of the nation's most radical

"You want to push hate on to us

last week among community

volvement - implicit or explicit -

Bishop Emmanuel knew he was

video taking aim at Bishop Emma-

"I don't have a problem with

Islamic preachers has said "don't

for no reason, with allegations that

Ousayd

Mar Mari

members who alleged the teen-

with the teenager or the attack, re-

"antagonising" the Muslim com-

nuel's comments about Islam, and

the Muslim people," he said.

blame me" for the stabbing of an

have no proof," Mr Ousayd said.

ager had similar views to those

iterating that he himself claims he

munity. "Words are harmful …

in which he theologically "chal-

"But I've got a question mark

Assyrian Christian bishop in an

"Because you have a personal

preached at the Al Madina Dawah

has been wrongly blamed.

they stir up emotions in anyone

lenged" the bishop.

with the faith of the Islamic world."

alleged­

terrorist incident but

agenda against us."

ley's Christ The Good Shepherd

and could have been influenced by

In his Friday sermon, Mr Ous-

who believes in (Islam), and any-

Titled the "Muslim Challenge

He has also said Mohammed

claims the bishop hates Islam and

NSW police on Thursday

Church before stabbing Assyrian

it. An audio message was also cir-

ayd said he "did not condone" the

one who hears the insults would be

Bishop Mar Mari with Koran", Mr

would "not greet" people at the

speaks

against the prophet

charged a 16-year-old boy with

Christian Bishop Mar Mari Em-

culating in which a local commun-

teenager's alleged actions, but crit-

angered.

Ye said "the whole community

gates of heaven, and that he "rot-

Mohammad­

.

committing a terrorist act, alleging

manuel, as well as three others.

ity leader alleged the boy's mind

icised Bishop Emmanuel's re-

"He (the bishop) said himself

was waiting for you", although the

ted in a grave" and was dead.

Abu Ousayd - also known as

he travelled 90 minutes to Wake-

Mr Ousayd said he "did not

and views had "been poisoned".

marks about Islam, although

that he was willing to die for the

video is short and does not stray

Continued on Page 2

Slow global growth to hit budget

Jim carries weight of theworld

Comfort after the carnage: nation unites in gratitude for hero of Bondi Junction

Patrick Commins

A deteriorating global economic outlook may force a downgrade to the nation's growth forecast in the May budget, as Jim Chalmers reveals Treasury is predicting weakening activity from Australia's major trading partners, including China, Japan and the US.

The gloomier view will reinforce the Treasurer's plans to deliver a revamped fiscal and economic strategy that will have an "emphasis on security" centred on Labor's flagship Future Made in Australia policy, while ensuring that the new spending does not add to still high inflation.

The Australian understands Treasury is reviewing its Decem- ber forecasts that Australia's economy will grow by 1.75 per cent this financial year and 2.25 per cent in 2024-25, with the slowing growth of major trading partners raising the prospect of a down- grade.

Sources said the likelihood of lower domestic growth forecasts in the budget would in part depend on US national accounts released between now and mid- May.

With the growth challenge becoming more acute here and in other advanced countries, Wed- nesday's consumer price report for the March quarter looms as the most critical set of Australian economic figures so far this year, as worries grow that central banks here and abroad may need to keep interest rates higher for longer if inflationary pressures prove more persistent than hoped.

Dr Chalmers on Sunday morning returned from a series of sobering meetings in Washington DC, where the message from assembled finance ministers, World Bank officials and central bank governors was of growing dangers from a volatile world.

In the upcoming budget, he will announce a major package of

Voters back Labor's big

government plan, but

PRIMARY VOTE

no reward for the PM

EXCLUSIVE

TWO-PARTY PREFERRED

Simon Benson

BETTER PM

A majority of voters have

backed Anthony Albanese's

budget plan to use taxpayer

subsidies for renewable energy

projects and sovereign

shows both major parties have

manufacturing, despite

criticism that it was a return to

lifted a point in primary vote at

protectionism.

the expense of the Greens and

But the Prime Minister has

other minor parties or

failed to convert support for the

independents.

new policy agenda into an

The poll comes amid a news

electoral benefit ahead of the

cycle dominated by the

May budget, with the contest

teen-terrorist attack and mass

between Labor and Coalition

stabbing murders in Sydney,

remaining unchanged and Mr

and war in the Middle East.

Albanese's approval ratings still

The Albanese government

stuck in negative territory.

last week also announced its

An exclusive Newspoll

10-year defence strategy at a

conducted for The Australian

Continued on Page 4

tax incentives and

"significant"

as well as the uncertainty at-

new

investments,

most

likely

tached to the worsening Middle

under the banner of the Future

East conflict and challenges to the

Made in Australia policy aimed at

economy of Australia's

largest

building the foundations for a

trading partner, China.

more resilient economy and driv-

The upcoming federal budget

ing the net-zero transformation.

will cut the estimate for Chinese

"Events in the Middle East are

real GDP growth in 2025 by 0.25

casting a shadow over the global

percentage points to 4.25 per cent,

economy, compounding

con-

although Chinese growth in this

cerns

about lingering inflation

calendar year was lift by a quarter

and weaker growth," Dr Chalm-

of a percentage point, to 4.75 per

ers said barely three weeks out

cent. The estimate for Japanese

from delivering Labor's third bud-

growth in 2024 will be dropped by

get. "The fraught and fragile

a quarter of a percentage point to

global­

outlook was a big feature of

0.75 per cent.

the discussions in

Washington

With the Chinese economy ex-

DC, and will be a big factor as we

pected to expand by 4.25 per cent

put the finishing touches on the

in 2026, the updated estimates

budget.

mean Treasury will

forecast

"Given the global challenges

China's growth rate will stay

coming at us, the May budget will

below 5 per cent for three straight

put a premium on responsibility

years, which would be the weakest

and an emphasis on security."

Continued on Page 4

The expected downgrades to

P4

the global growth outlook reflect

the impact of high interest rates,

P12

Inspector Amy Scott is embraced at a vigil on Sunday evening for those killed at Bondi Junction; below, Anthony Albanese lights a candle

sands

gathered with Inspector

the darkness. And we offer the

Elizabeth Pike

Scott and Anthony Albanese to

condolences of this community,

pay tribute to the five women and

our city, our state and our entire

A heroic police officer has been

one man who died in the attack,

nation to all who loved them the

embraced by a grateful nation as

Dr Good's nine-month-old baby

most," Mr Albanese told the

the Prime Minister joined a

was cleared to leave hospital and

gathering­

.

beachside vigil to remember those

return­

home to the safety of her

"We think of Inspector Amy

lost in the Bondi Junction killings.

family.

Scott who ran towards danger.

Inspector Amy Scott, who shot

But the sorrow and the shock­

The security guards who made the

Joel Cauchi dead after he killed six

of that dreadful Saturday at Bondi

same courageous choice.

people, was on Sunday again the

Junction were still raw.

"The

first

responders

who

person everyone turned to - a bea-

Candles were held for Dr

acted with such speed and skill,

con of light and bravery on a night

Good, 38; Dawn Singleton, 25,

and the everyday people who

filled with sorrow and pain.

daughter of millionaire business-

would never have imagined they

The police officer was

man John Singleton; mother of

would face such a moment and yet

approached­

by tear-stricken

two Jade Young, 47; artist Pikria

when that sternest test arrived,

mourners and colleagues relieved

Darchia, 55; Chinese student Yix-

their first instinct was to help

she could join them as the sun

uan Cheng, 27, and Mr Tahir, 30.

others­

at risk … people they did

went down over Bondi Beach.

The Prime Minister led the

not know."

Inspector Scott was composed

that shocked the nation a week

Guerot; and the pair who took

vigil, speaking of those who had

Thousands

crowded the

hill

and gracious as she was greeted by

ago on Saturday: fallen security

Ashlee Good's baby and rushed

been lost and those whose lives

Continued on Page 2

wellwishers and the grieving.

guard Faraz Tahir and his col-

her to safety.

had been changed forever.

P12

In many ways, she represented

league Muhammad Taha who

There was another beacon of

"We gather here to remember

all of the heroes of the stabbing

survived; "bollard man" Damien

light on Sunday night. As thou-

them. Our candles held against

P23

Yunupingu urges new generation of voices

INDEX

P9-11

Union bid to spare delegates work

EXCLUSIVE

work engaging­

in union activities

union business should include

as they please" while still being

preparing for, travelling to, at-

JOe KELLY

paid. The MCA has taken aim at a

tending and participating in col-

proposal before the industrial

lective

bargaining

meetings,

umpire­

put by the Mining and

resolving workplace disputes, or

The Minerals Council of Australia

Energy­

Union, which calls for

political

lobbying

relating to

has warned against changes it

union delegates to be freed from

members or potential members of

says will increase business costs

"normal duties for the purpose of

registered organisations.

and harm productivity by grant-

the workplace delegate participa-

P4

ing union delegates "the right to

ting in bona fide union business".

spend as much of their time at

The

MEU

submission says

P13

P12-13

P14

EXCLUSIVE

and Torres Strait Islander people

his death only by his second name

the Yolngu and all Indigenous

P23-25

in the Constitution with a voice,

Yunupingu.

peoples to a brighter future.

PAIGE TAYLOR

the rebuilding will begin, as it al-

Now Yunupingu's

younger

"Many

Australians are still

ways would, at the annual Garma

brother Djawa - one of the most

hurting after the vote, which fol-

Festival on the northeast Arnhem

important Aboriginal cultural fig-

lowed years of hard work by

lands of the Yolngu people.

ures in the country - is at the helm

Aboriginal­

and Torres Strait

Djawa Yunupingu is putting

The festival has grown from a

of the Yothu Yindi Foundation

Islander­

leaders," he told The

the voice behind him and looking

family barbecue to the premier

Yunupingu

chaired

until his

Australian.

to the future of Indigenous

annual forum for Indigenous pol-

death in April last year.

"We have felt the fire of Aus-

Australia­

.

icy and cultural issues.

Djawa Yunupingu sees the fes-

tralians who didn't approve of our

After months of reflection and

For two decades, prime minis-

tival as a forum for resetting and

proposals, who rejected us with

pain over the failure of the refer-

ters came to Garma to talk to the

renewal, and finding the new

their own intensity. That is now in

endum to recognise Aboriginal

iconic land rights leader known to

Aboriginal­

leaders who can lead

Continued on Page 8

Now one subscription delivers more than you expected. Eligible subscriptions only.* The Australian

A Message

from Lachlan Murdoch

Since News Corp was established over a decade ago, our digital transformation has been substantive and significant. It continues to fuel our success, and the strength of our performance this year is a testament to the continued progress we have made on a global scale.

We remain dedicated to providing value to our shareholders, employees, customers and consumers, and our gratitude goes to those who are invested in the work we do each day to inform and inspire. Our leaders and employees around the world enable us to bring our content and products to life and deliver quality data, information and entertainment to millions.

This year, we joined forces with OpenAI in a global partnership that will help bring News Corp's world-class content to new audiences, further acknowledging

its value. It is a proud moment for journalism and

technology that affirms the commercial and social importance of journalists and journalism.

The vibrancy of our core pillars propelled us to greater achievements and opportunities this year, with profits and revenues expanding, thanks to the high content standards we maintain and the level of sophistication we apply

to our products.

Finally, we are sincerely grateful to the U.S. government and others who helped secure freedom for The Wall Street Journal's Evan Gershkovich. His release is a reminder that we must never waver in fighting for the role of a free press.

Lachlan Murdoch

Chair

A Message from

Robert Thomson

News Corp continued its profound digital transformation and created new platforms to ensure a premium for our world-class content. Having delivered robust earnings growth and generated substantial shareholder value, the fiscal 2024 year was the second-most profitable year on record, and we believe the company's prospects are patently propitious.

Total Segment EBITDA rose 8% to $1.54 billion, inspired by growth across our core pillars - Book Publishing, Digital Real Estate Services and Dow Jones, where profitability and revenue flourished. Overall revenues for the year rose 2% to $10.09 billion, while net income expanded by a robust 89% to $354 million. In News Media, our profile and impact have surely grown over the past year, when many news organizations lost the plot, editorially

and commercially. The collapse of old and new media titles is in stark contrast to our thriving mastheads and our intrepid journalists.

The year was punctuated by several consequential matters for the company, including a significant step in preparing for an epoch which we believe will be defined by the confluence of artificial intelligence and emotional intelligence. Our landmark agreement with OpenAI is not only expected to be lucrative but will enable us to work closely with a trusted pre-eminent partner to fashion a future for professional journalism and for provenance. The partnership is already fructifying, and we are working with other AI-related companies to ensure that our premium content receives the premium it deserves.

We continue to review our portfolio with a clear view to maximizing returns for shareholders and enhancing long-term growth.

Before we analyze the year's laudable performance, I would like to express our sincere gratitude to all those who contributed to the emancipation of Evan Gershkovich. His freedom was made possible by the concerted efforts of

concerned, principled people who recognized that his incarceration was unjust and immoral. Our thanks go to our leaders at Dow Jones, Emma Tucker and Almar Latour, and to all at News Corp who campaigned vigorously for Evan's release. We also acknowledge the sterling work of the U.S. Government, which oversaw the handover, and

the role of several other enlightened governments whose divine interventions were crucial.

Turning now to our fiscal 2024 results, Digital Real Estate posted a resounding performance, mainly driven by REA, where listings flourished and revenues expanded substantially at REA India. REA also broadened its suite of successful premium products to improve results for clients and lift yields.

In the United States, revenues for Move decreased this year, primarily due to elevated mortgage rates, which undermined transaction volumes, but we saw revenue growth in seller, new homes and rentals, including the partnership with Zillow. The company took astute advantage of the complementarity of our media platforms to drive traffic and improve the content experience, which helped revenue declines moderate throughout the year.

The progress at Dow Jones continued apace, with revenues rising strongly for both Dow Jones Risk & Compliance and Dow Jones Energy. In fact, fiscal 2024 was a pivotal moment in the history of the company, as it was the first year in which more than 50% of Dow Jones's profitability was driven by the surging B2B business. Indeed, it is difficult to overstate the impact of B2B growth on Dow Jones and News Corp over the past four years, as B2B revenue has expanded at

a compound annual rate of 17%, and the margin at Dow Jones has broadened from 15% to 24%, while Segment EBITDA has more than doubled.

Crucially, digital accounted for 80% of fiscal 2024 segment revenue, and the core B2B products have renewal rates north of 90%. In that same four-year span, total subscriptions in the Consumer business have burgeoned nearly 55%, with digital subs almost doubling. The quality of The Wall Street Journal content continues to be a differentiator, as our company signed a valuable multi-year content licensing agreement with the London Stock Exchange Group to provide WSJ news and analysis to its corporate clients, thus building our brand in the European market.

HarperCollins reported notable increases in Segment EBITDA and revenues, reflecting improved consumer demand industry-wide and the absence of the impact of Amazon's reset of its inventory levels. The HarperCollins back catalogue continued to perform vibrantly, and we saw success with titles such as Ann Patchett's Tom Lake, Barbara Kingsolver's Demon Copperhead, the Bridgerton collection and Shelby Van Pelt's Remarkably Bright Creatures. Digital sales also saw notable growth, supported by increased demand across the audiobook market, which benefited from our successful partnership with Spotify. In the fourth quarter, audiobooks finished the year with a larger share of digital sales than e-books for the first time ever.

At Subscription Video Services, streaming revenue growth largely offset broadcast declines as audiences continued to transition from traditional broadcast to over-the-top consumption. We believe Foxtel is particularly well-positioned for both subscriber and advertising growth as Kayo and BINGE gained traction with their unique strengths in sports and entertainment programming. As of the fourth quarter, digital advertising represented more than 40% of Foxtel's total advertising, thanks to significant growth across both Kayo and BINGE.

The launch of Hubbl is still in its early days but brand awareness continues to grow across the Australian marketplace. Broadcast ARPU grew, while churn was notably modest, and Foxtel continued

to generate strong cash flow from monetization of long-term sports rights across multiple platforms.

The quality of our journalism in the News Media segment was a prime motivator for Sam Altman and his talented team at OpenAI, with whom we are genuinely proud to partner. Leaders from both companies are working together to improve the flow of trustworthy information and develop contemporary distribution channels. Those learnings will be deployed in newsrooms around the world to strengthen our journalists' understanding of how the digital reading experience is evolving and how we need to adapt to that changed content consciousness.

Meanwhile, we are far from complacent and continue to develop and reform our news media operations. We are in the midst of a restructuring in Australia designed to enhance our digital prowess, while the New York Post was again profitable this year, after decades of chronic losses. News Corp now owns two of the top three best-selling print mastheads in the U.S. with The Wall Street Journal and the New York Post.

News UK saw an improved profit contribution this year, as we benefitted from lower newsprint costs, increased digital subscriptions, cover price rises and lower television expenses.

Our strong results would not have been possible without the leadership of our Chair, Lachlan Murdoch, and we recognize our Chairman Emeritus Rupert Murdoch and all he has achieved for News Corp, journalism and society. We also appreciate the sage guidance of our Board of Directors and the admirable efforts of our employees around the world.

The company's enduring success is built on an honorable tradition of creativity and curiosity and integrity, but we are certainly not beholden to past structures as we confront the future. Our success would be impossible without the support of our shareholders, and we are acutely conscious of our responsibility to generate value and provide robust returns to those who have invested both money and faith in News Corp.

Robert Thomson

Chief Executive

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

________________________________

FORM 10-K

________________________________

(Mark One)

For the transition period from to

Commission file number 001-35769

________________________________

NEWS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

________________________________

46-2950970

(State or other jurisdiction of

(I.R.S. Employer

incorporation or organization)

Identification No.)

1211 Avenue of the Americas, New York, New York

10036

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code (212) 416-3400

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, par value $0.01 per share

NWSA

The Nasdaq Global Select Market

Class B Common Stock, par value $0.01 per share

NWS

The Nasdaq Global Select Market

Securities registered pursuant to Section 12(g) of the Act:

None

(Title of class)

________________________________

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☒

No ☐

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes

☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting

under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

As of December 29, 2023, the last business day of the registrant's most recently completed second fiscal quarter, the aggregate market value of the registrant's Class A Common Stock, par value $0.01 per share, held by non-affiliates was approximately $9,333,783,420, based upon the closing price of $24.55 per share as quoted on The Nasdaq Stock Market on that date, and the aggregate market value of the registrant's Class B Common Stock, par value $0.01 per share, held by non-affiliates was approximately $2,919,377,586, based upon the closing price of $25.72 per share as quoted on The Nasdaq Stock Market on that date.

As of August 2, 2024, 378,325,803 shares of Class A Common Stock and 190,258,938 shares of Class B Common Stock were outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Certain information required for Part III of this Annual Report on Form 10-K is incorporated by reference to the News Corporation definitive Proxy Statement for its 2024 Annual Meeting of Stockholders, which shall be filed with the Securities and Exchange Commission pursuant to Regulation 14A of the Securities Exchange Act of 1934, as amended, within 120 days of News Corporation's fiscal year end.

TABLE OF CONTENTS

PART I

ITEM 1.

Business

ITEM 1A.

Risk Factors

ITEM 1B.

Unresolved Staff Comments

ITEM 1C.

Cybersecurity

ITEM 2.

Properties

ITEM 3.

Legal Proceedings

ITEM 4.

Mine Safety Disclosures

PART II

ITEM 5.

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of

Equity Securities

ITEM 6.

[Reserved]

ITEM 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

ITEM 7A.

Quantitative and Qualitative Disclosures About Market Risk

ITEM 8.

Financial Statements and Supplementary Data

ITEM 9.

Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

ITEM 9A.

Controls and Procedures

ITEM 9B.

Other Information

ITEM 9C.

Disclosure Regarding Foreign Jurisdictions That Prevent Inspections

PART III

ITEM 10.

Directors, Executive Officers and Corporate Governance

ITEM 11.

Executive Compensation

ITEM 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder

Matters

ITEM 13.

Certain Relationships and Related Transactions, and Director Independence

ITEM 14.

Principal Accountant Fees and Services

PART IV

ITEM 15.

Exhibits and Financial Statement Schedules

ITEM 16.

Form 10-K Summary

SIGNATURES

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Disclaimer

News Corporation published this content on October 09, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 09, 2024 at 21:01:08.125.