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AI English summary of an SEC filing — figures as filed

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News Corp said it is running a repurchase program authorizing it to buy up to US$1 billion in the aggregate of its Class A and Class B common stock. It said it intends to repurchase shares from time to time, in the open market or otherwise, subject to market conditions and its stock price.

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

Key points

AI summary
  1. News Corp said it is running a repurchase program authorizing it to buy up to US$1 billion in the aggregate of its Class A and Class B common stock. It said it intends to repurchase shares from time to time, in the open market or otherwise, subject to market conditions and its stock price.

  2. The company told the ASX that on March 20, 2024 it bought back 14,572 Class A common shares for a total of US$375,572.90. The highest price paid that day was US$25.95, and the lowest was US$25.65.

  3. The company said in its ASX notice that before March 20, 2024 it had bought back 17,687,555 Class A common shares for a total of US$333,995,525.05. It said the highest price paid in this period was US$27.09 on 2024-03-11, and the lowest was US$14.88 on 2022-09-29.

  4. News Corp said that of the maximum US$1 billion authorized, it has bought back Class A and Class B shares totaling approximately US$501,521,293.90 to date, based on total consideration paid.

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 US$1 billion Share Repurchase Program

News Corp said it is running a repurchase program authorizing it to buy up to US$1 billion in the aggregate of its Class A and Class B common stock. It said it intends to repurchase shares from time to time, in the open market or otherwise, subject to market conditions and its stock price.

Source · Based on the filing body and exhibits

Class A Daily Buy-Back Activity: 2024-03-20

The company told the ASX that on March 20, 2024 it bought back 14,572 Class A common shares for a total of US$375,572.90. The highest price paid that day was US$25.95, and the lowest was US$25.65.

Source · Based on the filing body and exhibits

Cumulative Buy-Backs Before Previous Day

The company said in its ASX notice that before March 20, 2024 it had bought back 17,687,555 Class A common shares for a total of US$333,995,525.05. It said the highest price paid in this period was US$27.09 on 2024-03-11, and the lowest was US$14.88 on 2022-09-29.

Source · Based on the filing body and exhibits

Cumulative Program Purchases

News Corp said that of the maximum US$1 billion authorized, it has bought back Class A and Class B shares totaling approximately US$501,521,293.90 to date, based on total consideration paid.

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.