News Corp said it operates a stock repurchase program (the Repurchase Program) under which it is authorized to buy back up to $1 billion in aggregate of its Class A and Class B common stock.

8-KOther EventsFiled Jan 9, 2024Period of report Jan 8, 2024Summary published (UTC) Oct 29, 2026

Key points

AI summary

News Corp said it operates a stock repurchase program (the Repurchase Program) under which it is authorized to buy back up to $1 billion in aggregate of its Class A and Class B common stock.
In its daily notice to the ASX, the company said it repurchased 8,548 Class A shares on January 8, 2024, the prior trading day, for a total of US$209,066.13. The highest price paid was US$24.62 and the lowest was US$24.24.
The company reported that it repurchased 17,116,942 Class A shares for a total of US$319,429,125.02 before January 8, 2024. The highest price paid over this period was US$24.80 on December 29, 2023, and the lowest was US$14.88 on September 29, 2022.
The company said it has bought back about US$479,883,157.20 of Class A and Class B shares to date. Purchases are made through BofA Securities, Inc. in the open market or otherwise, and no ASX-listed CDIs will be repurchased under the 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.

US$1 billion Stock Repurchase Program

News Corp said it operates a stock repurchase program (the Repurchase Program) under which it is authorized to buy back up to $1 billion in aggregate of its Class A and Class B common stock.

Source · Based on the filing body and exhibits

Daily Class A Share Repurchase Notice

In its daily notice to the ASX, the company said it repurchased 8,548 Class A shares on January 8, 2024, the prior trading day, for a total of US$209,066.13. The highest price paid was US$24.62 and the lowest was US$24.24.

Source · Based on the filing body and exhibits

Cumulative Repurchases Before Daily Notice

The company reported that it repurchased 17,116,942 Class A shares for a total of US$319,429,125.02 before January 8, 2024. The highest price paid over this period was US$24.80 on December 29, 2023, and the lowest was US$14.88 on September 29, 2022.

Source · Based on the filing body and exhibits

Cumulative Program Spend and Repurchase Method

The company said it has bought back about US$479,883,157.20 of Class A and Class B shares to date. Purchases are made through BofA Securities, Inc. in the open market or otherwise, and no ASX-listed CDIs will be repurchased under the 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.

View the original filing on SEC EDGAR ↗

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