HIGHOutside partySupplier
single or limited number of third-party suppliers
“10-K Item 1A: 'depend on a single or limited number of third-party suppliers for certain products, services, data and information'”
NWS · Concentration risk · 10-K extracted
News (NWS) concentration risks
Updated
The most significant concentration News discloses is single or limited number of third-party suppliers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Source: News’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
Amazon Web Services cloud-based services
“10-K Item 1A: 'The Company relies on Amazon Web Services to supply cloud-based services'”
MEDIUMOutside partyCounterparty
large digital platforms traffic
“10-K Item 1A: 'Large digital platforms with extensive user data and targeting capabilities command a substantial share of the digital advertising market and are also responsible for a significant amount of traffic'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18News Corp's disclosed concentrations are all dependencies and carry no stated percentages. The company depends on a single or limited number of third-party suppliers for certain products, services, data and information, a high-share exposure. Within that, it relies on Amazon Web Services to supply cloud-based services, a medium-share dependency on a named provider. On the demand side, large digital platforms with extensive user data and targeting capabilities command a substantial share of the digital advertising market and are also responsible for a significant amount of traffic, a medium-share dependency on counterparties that are also competitors. The three differ in how they could hurt. The supplier and cloud dependencies are operational and idiosyncratic: an outage or terms change would hit delivery of products and services. The platform dependency is closer to a market-structure issue, where distribution and ad economics are set by a few gatekeepers. Because the sources give no percentages, the size bands reflect disclosure language and the financial scale cannot be read from them. The platform traffic dependency is the item most likely to move the verdict over time.
For the engine’s reasoning on NWS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Entertainment
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AMC | AMC Entertainment Holdings, Inc | 2 | 0 | 0 | 2 |
| NWS● | News Corporation | 1 | 2 | 0 | 3 |
| AMCX | AMC Global Media Inc. | 0 | 2 | 0 | 2 |
| BATRA | Atlanta Braves Holdings, Inc. - | 0 | 1 | 0 | 1 |
| BATRK | Atlanta Braves Holdings, Inc. - | 0 | 1 | 0 | 1 |
| ANGX | Angel Studios, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.