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AI English summary of an SEC filing — figures as filed

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News Corp said it has a stock repurchase program under which it may buy up to $1 billion in the aggregate of its Class A and Class B common stock. The company said it intends to make purchases from time to time, depending on market conditions and the market price of its stock.

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

Key points

AI summary
  1. News Corp said it has a stock repurchase program under which it may buy up to $1 billion in the aggregate of its Class A and Class B common stock. The company said it intends to make purchases from time to time, depending on market conditions and the market price of its stock.

  2. The company reported in its ASX notice that it bought back 13,774 shares for a total of US$362,725.89 on the previous trading day, 28/02/2024. The highest price paid that day was US$26.45, and the lowest price paid was US$26.23.

  3. The company said it had bought back 17,475,508 shares for a total of US$328,453,839.54 before 28/02/2024. It also said it has bought back Class A and Class B shares worth approximately US$493,236,292.53 to date.

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. Some paragraphs were omitted because their support in the source could not be confirmed.

US$1 billion Share Repurchase Program Overview

News Corp said it has a stock repurchase program under which it may buy up to $1 billion in the aggregate of its Class A and Class B common stock. The company said it intends to make purchases from time to time, depending on market conditions and the market price of its stock.

Source · Based on the filing body and exhibits

Daily Buy-Back Details for February 28, 2024

The company reported in its ASX notice that it bought back 13,774 shares for a total of US$362,725.89 on the previous trading day, 28/02/2024. The highest price paid that day was US$26.45, and the lowest price paid was US$26.23.

Source · Based on the filing body and exhibits

Cumulative Buy-Backs and Spending Before the Previous Day

The company said it had bought back 17,475,508 shares for a total of US$328,453,839.54 before 28/02/2024. It also said it has bought back Class A and Class B shares worth approximately US$493,236,292.53 to date.

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.