News Corp said it has been authorized under its stock repurchase program (the "Repurchase Program") to buy back from time to time up to $1 billion in the aggregate of its Class A and Class B common stock.

8-KOther EventsFiled Mar 27, 2024Period of report Mar 26, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

News Corp said it has been authorized under its stock repurchase program (the "Repurchase Program") to buy back from time to time up to $1 billion in the aggregate of its Class A and Class B common stock.
In its daily buy-back notice to the ASX for Class A common stock, the company said it bought back 13,774 shares on the previous day (2024-03-26) for a total of US$360,622.60, with a lowest price paid of US$26.05 and a highest price paid of US$26.34.
The company said it has bought back approximately US$503,739,192.22 of Class A and Class B shares to date, based on total consideration paid. Its authorization limit is US$1 billion.
The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock. It said BofA Securities, Inc. is the broker and that the purpose is to enhance shareholder value. No ASX-listed CDIs will be repurchased under the program.

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 has been authorized under its stock repurchase program (the "Repurchase Program") to buy back from time to time up to $1 billion in the aggregate of its Class A and Class B common stock.

Source · Based on the filing body and exhibits

Class A Daily Buy-Back Notice: Purchases on March 26, 2024

In its daily buy-back notice to the ASX for Class A common stock, the company said it bought back 13,774 shares on the previous day (2024-03-26) for a total of US$360,622.60, with a lowest price paid of US$26.05 and a highest price paid of US$26.34.

Source · Based on the filing body and exhibits

Cumulative Purchases Since Program Launch

The company said it has bought back approximately US$503,739,192.22 of Class A and Class B shares to date, based on total consideration paid. Its authorization limit is US$1 billion.

Source · Based on the filing body and exhibits

Purchase Method, Broker, Purpose and CDI Exclusion

The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock. It said BofA Securities, Inc. is the broker and that the purpose is to enhance shareholder value. No ASX-listed CDIs will be repurchased under the program.

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

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