News Corp said its Repurchase Program authorizes it to buy back up to $1 billion in the aggregate of Class A common stock and Class B common stock.

8-KOther EventsFiled Mar 12, 2024Period of report Mar 11, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

News Corp said its Repurchase Program authorizes it to buy back up to $1 billion in the aggregate of Class A common stock and Class B common stock.
The company said its daily ASX filing showed it bought back 13,774 Class A shares on March 11, 2024 for a total of US$363,767.21, with a lowest price paid of US$26.15 and a highest price paid of US$27.09.
The company said that before March 11, 2024 it had bought back 17,588,094 Class A shares for a total of US$331,405,350.33. It said the highest price paid in this period was US$26.88 on February 29, 2024, and the lowest price paid was US$14.88 on September 29, 2022.
The company said it had bought back about US$497,636,624.43 of Class A and Class B shares to date, based on total consideration paid. It listed the purpose as "To enhance shareholder value," and the broker as BofA Securities, Inc.

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 Repurchase Program authorization limit of US$1 billion

News Corp said its Repurchase Program authorizes it to buy back up to $1 billion in the aggregate of Class A common stock and Class B common stock.

Source · Based on the filing body and exhibits

Class A daily buy-back details for 2024-03-11

The company said its daily ASX filing showed it bought back 13,774 Class A shares on March 11, 2024 for a total of US$363,767.21, with a lowest price paid of US$26.15 and a highest price paid of US$27.09.

Source · Based on the filing body and exhibits

Cumulative shares and value repurchased before the prior day

The company said that before March 11, 2024 it had bought back 17,588,094 Class A shares for a total of US$331,405,350.33. It said the highest price paid in this period was US$26.88 on February 29, 2024, and the lowest price paid was US$14.88 on September 29, 2022.

Source · Based on the filing body and exhibits

Total program spending to date and buy-back purpose

The company said it had bought back about US$497,636,624.43 of Class A and Class B shares to date, based on total consideration paid. It listed the purpose as "To enhance shareholder value," and the broker as BofA Securities, Inc.

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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