News Corporation 8-K Report: Key Updates on Stock Structure & Corporate Governance

Based on the provided XML segment of the financial report, here are the key pieces of information and insights extracted:

1. Entity Identification:

• The company is News Corporation (CIK: 0001564708).
• The report type is a Form 8-K, which indicates a current report filed to disclose important events.

2. Filing Date:

• The report was filed on November 2, 2023.

3. Stock Classes:

• The company has two classes of common stock:
• • Class A Common Stock:
  • Par value: $0.01 per share
  • Trading Symbol: NWSA (NASDAQ)
  • Class B Common Stock:
  • Par value: $0.01 per share
  • Trading Symbol: NWS (NASDAQ)

4. Address and Contact Information:

• Address: 1211 Avenue of the Americas, New York, NY 10036
• Phone: 212-416-3400

5. Company Structure:

• The report indicates the existence of two distinct classes of stock (Class A and Class B), which may suggest differences in voting rights, dividends, or liquidation preferences between the two classes.

6. Financial Reporting Dimensions:

• The report uses explicit members for the Statement Class of Stock Axis, indicating a structured approach to financial reporting, which allows for detailed differentiation between the classes of stock.

Insights:

• The filing of an 8-K suggests that there may have been a significant event or change within the company that warranted immediate disclosure to investors.
• The presence of two classes of stock might indicate a management strategy to retain control within a specific group while allowing investors to participate in the company's growth.
• The company’s operations are centralized in New York, which is typical for media and publishing firms.

Overall, this report serves as a crucial update for investors regarding corporate governance, stock structure, and potential changes or important events related to the company.