News Corp faces risks from legal proceedings (voicemail interception, inappropriate payments, etc.), including potential damage to reputation and adverse financial impacts. Uncertainties exist regarding the outcome of ongoing legal matters and the amount of potential liabilities. The company's borrowings, particularly those of subsidiaries, contain covenants and events of default that could trigger immediate repayment obligations. Market conditions, including economic downturns, could negatively affect revenue and profitability, especially for segments like Digital Real Estate Services. The company's reliance on internally generated funds and access to credit markets is a key liquidity concern.

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News Corp experienced revenue growth across several segments in the three months ended September 30, 2024, driven by higher revenues in Digital Real Estate Services, Book Publishing, and Subscription Video Services. Improved performance in professional information businesses at Dow Jones also contributed. Lower operating expenses, particularly in News Media, and a decrease in interest expense, net, also positively impacted results. The company has authorized a $1 billion stock repurchase program, potentially increasing shareholder value.

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