News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of its Class A and Class B common stock. The company cited "To enhance shareholder value" as the reason for the buy-back and said no security holder approval is required.

8-KOther EventsFiled Mar 25, 2024Period of report Mar 22, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of its Class A and Class B common stock. The company cited "To enhance shareholder value" as the reason for the buy-back and said no security holder approval is required.
The company said it has bought back Class A and Class B shares worth about US$502,629,488.75 to date, against its US$1 billion authorization. The figure is based on total consideration paid.
The company said it repurchased 14,572 shares for a total of US$379,014.81 on March 22, 2024. The highest price paid that day was US$26.19, and the lowest was US$25.89.
News Corp said it bought back 17,716,039 shares for a total of US$334,734,611.55 before March 22. The highest price paid in that period was US$27.09 on March 11, 2024, and the lowest was US$14.88 on September 29, 2022.

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 US$1 billion Share Repurchase Program

News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of its Class A and Class B common stock. The company cited "To enhance shareholder value" as the reason for the buy-back and said no security holder approval is required.

Source · Based on the filing body and exhibits

Cumulative Repurchases of About US$502,629,488.75

The company said it has bought back Class A and Class B shares worth about US$502,629,488.75 to date, against its US$1 billion authorization. The figure is based on total consideration paid.

Source · Based on the filing body and exhibits

Daily Repurchase Details for March 22, 2024

The company said it repurchased 14,572 shares for a total of US$379,014.81 on March 22, 2024. The highest price paid that day was US$26.19, and the lowest was US$25.89.

Source · Based on the filing body and exhibits

Repurchases, Consideration and Price Range Before March 22

News Corp said it bought back 17,716,039 shares for a total of US$334,734,611.55 before March 22. The highest price paid in that period was US$27.09 on March 11, 2024, and the lowest was US$14.88 on September 29, 2022.

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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