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

8-KOther EventsFiled Feb 21, 2024Period of report Feb 20, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

The company said it has a stock repurchase program (the Repurchase Program) under which it is authorized to buy back up to $1 billion in the aggregate of its Class A and Class B common stock from time to time.
The company said it bought back 13,774 shares of Class A common stock for a total of US$361,534.44 on 20/02/2024, the last trading day before the filing. It said cumulative purchases before that were 17,392,289 shares, US$326,265,890.70.
The company said the price paid on the previous day ranged from US$26.16 to US$26.37. It also said it has bought approximately US$489,968,977.87 of Class A and Class B shares to date, based on total consideration paid.
News Corp said it must disclose daily buy-back transactions to the Australian Securities Exchange (ASX) under ASX rules, and that the purpose of the buy-back is "To enhance shareholder value." It also said no ASX-listed CDIs will be repurchased 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.

Up to $1 billion Share Repurchase Program

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

Source · Based on the filing body and exhibits

Class A Share Purchases for February 20, 2024

The company said it bought back 13,774 shares of Class A common stock for a total of US$361,534.44 on 20/02/2024, the last trading day before the filing. It said cumulative purchases before that were 17,392,289 shares, US$326,265,890.70.

Source · Based on the filing body and exhibits

Previous-Day Price Range and Cumulative Purchases

The company said the price paid on the previous day ranged from US$26.16 to US$26.37. It also said it has bought approximately US$489,968,977.87 of Class A and Class B shares to date, based on total consideration paid.

Source · Based on the filing body and exhibits

Purchase Method, Purpose and ASX Disclosure Obligations

News Corp said it must disclose daily buy-back transactions to the Australian Securities Exchange (ASX) under ASX rules, and that the purpose of the buy-back is "To enhance shareholder value." It also said no ASX-listed CDIs will be repurchased 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.

View the original filing on SEC EDGAR ↗

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