HIGHOutside partySupplier
Amazon Web Services (cloud infrastructure)
“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'”
NWSA · Concentration risk · 10-K extracted
News (NWSA) concentration risks
Updated
The most significant concentration News discloses is Amazon Web Services (cloud infrastructure), 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 · 1 disclosed concentration
HIGH1
MEDIUM0
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).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-08-23News Corporation's disclosed concentration risk, as filed under its NWSA share class, is a single high-share, dependency-type exposure to one cloud infrastructure vendor. The company discloses that it relies on Amazon Web Services to supply cloud-based services used in many of the Company's business activities — a meaningful share of its digital infrastructure concentrated with one counterparty rather than spread across multiple providers. This is a counterparty-specific risk rather than a macro one: an outage, a material change in AWS's commercial terms, or a breakdown in the vendor relationship could ripple across several of News Corp's business segments at once, given how broadly the dependency is described. The filing does not disclose customer, geographic, or product-line concentration in the reviewed excerpt, so the visible exposure here is limited to this single infrastructure dependency rather than a broad-based revenue concentration. For a diversified media and information-services company spanning news, digital real estate, and book publishing, relying on one cloud provider at this scale is a risk worth tracking, though single-vendor cloud dependency is common practice across the industry and is disclosed plainly here rather than obscured.
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 | 0 | 0 | 1 |
| 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.