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AI English summary of an SEC filing — figures as filed

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The company said it is authorized to repurchase up to $1 billion in the aggregate of its Class A common stock and Class B common stock. It said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the company's stock price.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it is authorized to repurchase up to $1 billion in the aggregate of its Class A common stock and Class B common stock. It said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the company's stock price.

  2. News Corp disclosed in its daily buy-back notice dated January 5, 2024 that it repurchased 8,813 shares of Class A common stock for total consideration of US$213,323.95 on January 4, 2024, the previous trading day. The highest price paid was US$24.39, and the lowest price paid was US$24.07.

  3. The company said it had repurchased 17,099,316 shares of Class A common stock before the previous day, for total consideration of US$319,000,059.71. The highest price paid in that period was US$24.80 on December 29, 2023, and the lowest price paid was US$14.88 on September 29, 2022.

  4. The company said it has repurchased Class A and Class B shares worth approximately US$479,293,362.83 in total consideration to date, out of the $1 billion authorized under the program. It also said it does not repurchase CDIs listed on the ASX under this program.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

News Corp US$1 billion Share Buyback Program

The company said it is authorized to repurchase up to $1 billion in the aggregate of its Class A common stock and Class B common stock. It said it intends to repurchase shares from time to time in the open market or otherwise, depending on market conditions and the company's stock price.

Source · Based on the filing body and exhibits

Class A Common Stock Daily Buy-Back Notice

News Corp disclosed in its daily buy-back notice dated January 5, 2024 that it repurchased 8,813 shares of Class A common stock for total consideration of US$213,323.95 on January 4, 2024, the previous trading day. The highest price paid was US$24.39, and the lowest price paid was US$24.07.

Source · Based on the filing body and exhibits

Cumulative Shares Repurchased Before Previous Day

The company said it had repurchased 17,099,316 shares of Class A common stock before the previous day, for total consideration of US$319,000,059.71. The highest price paid in that period was US$24.80 on December 29, 2023, and the lowest price paid was US$14.88 on September 29, 2022.

Source · Based on the filing body and exhibits

Cumulative Program Spending

The company said it has repurchased Class A and Class B shares worth approximately US$479,293,362.83 in total consideration to date, out of the $1 billion authorized under the program. It also said it does not repurchase CDIs listed on the ASX under this program.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.