News Corp Announces Match for U.S. Government’s $1,000 Contribution to Children’s Investment Accounts

NEW YORK--(BUSINESS WIRE)--News Corporation (NASDAQ: NWSA, NWS; ASX: NWS, NWSLV) announced today that it will match the U.S. government’s one-time $1,000 contribution to the Section 530A accounts (“Trump Accounts”) designed to “jumpstart the American Dream” for children across the country.

Starting in July, eligible U.S. employees will have the opportunity to participate in the pilot program to receive a seed contribution of $1,000 from the U.S. Treasury into a specified account for every child born in the U.S. between January 1, 2025, and December 31, 2028. News Corp will make a one-time $1,000 supplemental contribution to these tax-advantaged investment accounts for employees who participate in the program.

"The company’s matching contribution to our employees’ children is intended to fortify their finances at a crucial moment in their development,” said Robert Thomson, Chief Executive of News Corp.

About News Corp

News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: information services and news, digital real estate services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia and the United Kingdom, and its content and other products and services are distributed and consumed worldwide. More information is available at: http://www.newscorp.com.