Reported 2 days ago
Jeff Smith's hedge fund, Starboard Value LP, has targeted News Corporation (NWS) as a significant activist investment due to its potential for unlocking shareholder value. While he has pushed for changes in the company since their involvement in October 2023, including the dissolution of the Murdoch family's dual-class voting structure, challenges have arisen as investors rejected some proposals. Despite Starboard Value LP’s underperformance in 2024, NWS has shown a stock return of 38.12%, outperforming the S&P 500's 19.74% over the same period, positioning it as one of Smith’s top activist targets.
Source: YAHOO