• News Corporation’s dual share classes, NWS and NWSA, were removed from the Russell 1000 Dynamic Index on 27 June 2026, potentially affecting how index-tracking funds hold the stock.
• This index exit highlights how News Corp’s shareholder base may shift further toward active investors who focus more on fundamentals than benchmark inclusion.
• We’ll now explore how the Russell 1000 Dynamic Index removal could influence News Corp’s existing investment narrative and key business drivers.

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News Investment Narrative Recap

To own News Corp today, you need to believe its shift toward higher margin digital and information services can offset pressure in legacy media and advertising. The Russell 1000 Dynamic Index removal mainly affects who holds the shares rather than core fundamentals, so it does not appear to change the near term focus on digital subscription and data growth, or the key risk that weakening engagement and ad trends in print and digital could drag on overall profitability.

The most relevant recent development alongside the index exit is News Corp’s completion of its US$1.0 billion buyback program in May 2026, which retired over 44 million shares. This capital return amplifies the impact of any future earnings progress but can also magnify volatility if revenue headwinds in News Media, Book Publishing or Digital Real Estate persist, making the evolving shareholder mix after index removal even more important to watch.

Yet investors should also weigh how ongoing advertising softness and audience erosion could reshape that seemingly resilient story...

News' narrative projects $9.7 billion revenue and $745.9 million earnings by 2029. This requires 4.1% yearly revenue growth and a $306.9 million earnings increase from $439.0 million today.

Uncover how News' forecasts yield a $33.92 fair value, a 34% upside to its current price.

Exploring Other Perspectives

Compared with the baseline view, the most optimistic analysts looked for earnings of about US$1.2 billion by 2029, yet your stance on AI related legal and licensing risks could lead you to very different conclusions, especially now that the index removal may prompt some to revisit those assumptions.

Explore 2 other fair value estimates on News - why the stock might be worth just $33.92!

Reach Your Own Conclusion

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your News research is our analysis highlighting 3 key rewards that could impact your investment decision.
• Our free News research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate News' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.