5 Best News and Digital Media Stocks To Buy

4. News Corporation (NASDAQ:NWSA)

Number of Hedge Fund Holders: 40

News Corporation (NASDAQ:NWSA) is a global company that provides media and information services, distributing content and data products, including The Wall Street Journal, Barron’s, MarketWatch, Investor’s Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, and OPIS. The company uses diverse media channels such as newspapers, newswires, websites, mobile applications, newsletters, magazines, proprietary databases, live journalism, video, and podcasts. News Corporation (NASDAQ:NWSA) is one of the best news and digital media stocks to watch. The company paid $0.10 per share semi-annual dividend on April 12.

According to Insider Monkey’s fourth quarter database, 40 hedge funds were long News Corporation (NASDAQ:NWSA), compared to 31 funds in the earlier quarter. Donald Yacktman’s Yacktman Asset Management is the biggest stakeholder of the company, with 16.80 million shares worth $305.8 million.

Here is what L1 Capital specifically said about News Corporation (NASDAQ:NWS)  in its Q2 2022 investor letter:

“News Corporation (NASDAQ:NWS) (Long -26%) shares fell over the quarter despite reporting third quarter results in line with consensus expectations. The decline was primarily driven by a softening in investor sentiment towards News Corp’s Digital Real Estate assets against a backdrop of rising interest rates in both Australia and the U.S., with REA Group shares down 17% during the quarter. While concerns over property market drivers are likely to continue in the near term, we see both REA Group and Move as being well positioned to structurally improve their businesses through this period. We continue to believe the News Corp assets are materially under-valued and remain supportive of ongoing initiatives to unlock value across the Group.”