The company said it is authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock. It said it plans to buy back shares from time to time in the open market or otherwise, taking into account market conditions and its share price, among other factors.

1. 01

   The company said it is authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock. It said it plans to buy back shares from time to time in the open market or otherwise, taking into account market conditions and its share price, among other factors.

2. 02

   News Corp said in its daily Class A buy-back notification filed with the ASX on February 29, 2024 that it repurchased 6,926 shares for US$182,417.68 on the previous trading day, February 28, 2024. The purchase prices on that day ranged from US$26.23 to US$26.45.

3. 03

   The company disclosed that, before the previous day, it had bought back 17,475,508 shares for a total of US$328,453,839.54. It said it has repurchased approximately US$493,055,984.32 of Class A and Class B shares to date, based on total consideration paid.

4. 04

   The company cited "To enhance shareholder value" as the reason for the buy-back and named BofA Securities, Inc. as the broker. It said no ASX-listed CDIs will be repurchased under the program.

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.

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.