News Corp faces significant financial headwinds, reporting stagnant sales and a sharp drop in stock price, which has declined by 12.34% recently. While the company authorized up to $1 billion in share buybacks to bolster investor confidence, its stock remains undervalued at $23.58 compared to fair value estimates between $32.40 and $34.05. CEO Robert Thomson's upcoming appearance at the Morgan Stanley Technology, Media & Telecom Conference is anticipated as a crucial moment for outlining the company's recovery strategy, following a mixed performance in prior quarters and ongoing market pressures affecting advertising revenues.
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