News Corp

Industries Media and Entertainment
Subsidiaries Dow Jones & Company, Inc., eFinancialNews Inc., Harlequin Holdings Inc., HarperCollins Publishers L.L.C., The Zondervan Corporation L.L.C. https://www.sec.gov/Archives/edgar/data/1564708/000156470826000175/ex-211xfy26listofsubsidiar.htm
Activism

Companies that likely use Benevity to vet charitable recipients, thereby discriminating against mainstream advocacy organizations through the SPLC's overly broad "Hate List."

The biggest 1000 U.S. companies by revenue according to form 10-K.

Rating Overview

Risk Rating: Medium

News Corp is Medium Risk.

News Corp is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. News Corp occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria Risk Level
Cancellations Medium Risk
Discriminatory Philanthropy High Risk
Employment Protection High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria Risk Level
Advocacy Bias High Risk
Funding Medium Risk
Political Actions Lower Risk

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization


Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

News Corp received a score of 5 on the 2025 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. The company recruits employees based on sexual identity issues. The company discriminates against vendors that do not promote divisive sex and gender policies, indicating it prioritizes sexual issues over merit (1)(2). News Corp integrates ESG into its business practices. From its 2025 ESG Report: “The Compensation Committee considers performance on ethics and compliance and other ESG goals in determining whether any reduction is warranted to our executive officers’ annual cash incentive” (3). News Corp promotes divisive sex and gender policies. Its Standards of Business Conduct requires international vendors to include sexual orientation in their nondiscrimination policy (4). However, News Corp has not canceled customers, suppliers, or vendors based on political views or religious beliefs (5).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

High

Rationale:

News Corp likely uses Benevity as its charitable giving platform. Benevity vets charities according to the Southern Poverty Law Center’s Hate List, which includes mainstream libertarian, conservative, family, and religious advocacy organizations (1)(2)(3). The company does not appear to discriminate against charitable organizations based on views or beliefs (4). News Corp’s charitable giving focus areas are Education, Journalism, Veterans, and Sustainability (5).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

News Corp offers inclusion training to its employees (1). The company appears to prioritize diversity over merit in its recruitment. From its 2023 ESG report: “Our efforts to recruit, develop and retain women and underrepresented minorities are an important part of our strategy” (2). News Corp does not provide viewpoint protections for its employees (3).

Corporate Governance and Public Policy


Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

News Corp is committed to reduce scope 1 and 2 net carbon emissions by 95% from 2016 baseline by 2030 and achieve net zero carbon emissions by 2050 (1)(2)(3). The company supports DEI within its business practices, employing a DEI Council (4). News Corp supports DEI and ESG within its business practices. From its Corporate Diversity Statement page: “Our diversity efforts therefore focus on: Across our workforce, reflecting the diverse audiences we serve” (5). From its 2025 ESG Report: “…we undertook to identify and validate those ESG topic areas that we believe are most relevant to our business and our stakeholders, taking into account guidance and feedback from our leadership, subject matter experts, employees, regulators and investors” (6). The company offers DEI workshops to its UK and Australia employees (7). News Corp announced that it will match the government’s $1,000 contributions to Trump Accounts for the children of its employees (8)(9).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Medium

Rationale:

News Corp funds organizations with DEI and LGBTQ goals (1). Otherwise, there are no publicly known cases of News Corp using corporate funds to advance ideological causes, organizations, or policies (2).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

Lower

Rationale:

News Corp claims it does not favor one political party over another in its political spending. “The News Corporation PAC is a non-partisan political action committee. Its focus is helping to elect quality men and women, regardless of political party…” (1)(2). News Corp has not used its PAC donations or lobbying for ideological purposes (3)(4)(5).