News Corp confirmed that a stockholder has submitted a non-binding proposal for presentation at News Corp's 2024 Annual Meeting of Stockholders to request that the Board of Directors adopt a recapitalization plan that would eliminate News Corp's dual-class capital structure. "The Board believes that the company's dual-class capital structure promotes stability and has facilitated the successful implementation of News Corp's transformational strategy and long-term outperformance for all News Corp stockholders.