HIGHOutside partySupplier
Amazon Web Services
“10-K Item 1A: 'the Company relies on Amazon Web Services to supply cloud-based services used in many of the Company's business activities and Google to provide workspace and other enterprise services.'”
NWSA · Concentration risk · 10-K extracted
News (NWSA) concentration risks
Updated
The most significant concentration News discloses is Amazon Web Services, 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.
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Source: News’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
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
“10-K Item 1A: 'the Company relies on Amazon Web Services to supply cloud-based services used in many of the Company's business activities and Google to provide workspace and other enterprise services.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-09-06News Corporation's concentration risk, as disclosed, is confined to two named technology vendors rather than any customer, geographic, or product exposure. The company depends on Amazon Web Services to supply cloud-based services used across many of its business activities, a high-share dependency reflecting the central role a single cloud vendor plays in day-to-day operations. It also depends on Google to provide workspace and other enterprise services, a medium-share dependency that is narrower in scope and tied to internal productivity tools rather than customer-facing systems. Both risks share the same character — reliance on an external vendor rather than a structural feature baked into the business itself — meaning the exposure is about switching cost and operational disruption rather than an inherent limitation of the business model. Because AWS supports a broader swath of business activities than Google's more contained workspace role, it stands as the more significant of the two by disclosed share, even though the sources here do not quantify the precise dollar or revenue impact of either. With no other concentration disclosed in these sources, News Corporation's risk profile is narrowly a story of cloud and enterprise-software vendor reliance.
For the engine’s reasoning on NWSA’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 |
| NWSA● | News Corporation | 1 | 1 | 0 | 2 |
| 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.