News Corporation Class A
NWSA
Communication Services
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
News Corporation (Class A shares) is the Murdoch family's publishing and media empire (Wall Street Journal, New York Post, HarperCollins, news.com.au). Same controlling family as Fox Corporation. The Murdoch family holds ~39% voting control via super-voting shares across both entities. News Corp's UK tabloid arm (The Sun, defunct News of the World) was at the center of the phone-hacking scandal — ~$1.5 billion in settlements to 1,300+ claimants, including a January 2025 settlement with Prince Harry in which News UK admitted "serious intrusion" into his private life. The New York Post and Fox News (editorially linked through Murdoch ownership) amplified false 2020 election claims that led to the $787.5M Dominion settlement at sister company Fox Corp. Academic research (University of Pennsylvania, 2021) links Fox News exposure to lower COVID-19 vaccination rates. The WSJ editorial page has been a persistent platform for climate denialism. Misinformation is a structural feature of the Murdoch media ecosystem.
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.