SCHEDULE 13G/A: T. Rowe Price Associates Discloses Continued Significant Stake in News Corp Class A Shares
Beneficial Ownership Disclosure
T. Rowe Price Associates, Inc. has filed an Amendment No. 14 to Schedule 13G, disclosing a 6.6% beneficial ownership stake in News Corp New Class A Common Stock as of March 31, 2025.
Summary
- T. Rowe Price Associates, Inc. filed an Amendment No. 14 to Schedule 13G regarding its beneficial ownership of News Corp New Class A Common Stock (CUSIP 65249B109).
- As of March 31, 2025, T. Rowe Price Associates, Inc. beneficially owns an aggregate of 25,075,526 shares of News Corp New Class A Common Stock.
- This ownership represents 6.6% of the total outstanding shares of News Corp New Class A Common Stock.
- T. Rowe Price Associates, Inc. holds sole voting power over 23,411,589 shares and sole dispositive power over 25,071,238 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of News Corp.
Sentiment
Score: 7
Explanation: The filing indicates a significant and stable investment by a major institutional investor, T. Rowe Price, in News Corp. The statement that the shares are held in the ordinary course of business and not for control purposes suggests a positive, long-term view without immediate activist intentions. While not a performance report, the continued large stake is generally a positive signal for the company's stability.
Positives
- T. Rowe Price Associates, a prominent investment adviser, maintains a substantial 6.6% stake in News Corp, indicating continued institutional confidence.
- The filing explicitly states that the shares are held in the ordinary course of business and not for control purposes, suggesting a stable, long-term investment perspective from a major institutional holder.
Risks
- The filing explicitly states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating the risk of an activist investor seeking immediate control changes.
Future Outlook
Not applicable. This document is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from the issuer.
Management Comments
- T. Rowe Price Associates, Inc. certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
This filing is a routine disclosure of a significant institutional ownership stake in News Corp, a global media and information services company. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holding, which can reinforce confidence in the company's stability and long-term investment appeal.
- Management: Awareness of a large, stable institutional investor in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 05/14/2025 | Date of filing of this statement by T. Rowe Price Associates, Inc. |
Keywords
News Corp, NWSA, T. Rowe Price, Schedule 13G, beneficial ownership, Class A Common Stock, investment adviser, media company, financial filing
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