News Corp said its Repurchase Program, under which it may buy back up to $1 billion in aggregate of Class A and Class B common stock, is authorized.

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

Key points

AI summary

News Corp said its Repurchase Program, under which it may buy back up to $1 billion in aggregate of Class A and Class B common stock, is authorized.
The company told the ASX that on March 27, 2024 it bought back 13,774 Class A common shares for a total of US$361,417.36. The highest price paid that day was US$26.47, and the lowest was US$26.06.
The company said it had bought back 17,758,809 shares for a total consideration of US$335,849,767.70 before March 27, 2024. It said it has bought approximately US$504,287,019.56 of Class A and Class B shares to date. The total authorized amount is $1 billion.
News Corp said it repurchases Nasdaq-listed Class A and Class B common stock from time to time in the open market and that no ASX-listed CDIs will be repurchased. The stated reason for the buy-back is to enhance shareholder value, and the broker is 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 US$1 billion Stock Repurchase Program

News Corp said its Repurchase Program, under which it may buy back up to $1 billion in aggregate of Class A and Class B common stock, is authorized.

Source · Based on the filing body and exhibits

Class A Daily Buy-Back Notice (March 27, 2024)

The company told the ASX that on March 27, 2024 it bought back 13,774 Class A common shares for a total of US$361,417.36. The highest price paid that day was US$26.47, and the lowest was US$26.06.

Source · Based on the filing body and exhibits

Cumulative Repurchase Volume and $1 billion Limit

The company said it had bought back 17,758,809 shares for a total consideration of US$335,849,767.70 before March 27, 2024. It said it has bought approximately US$504,287,019.56 of Class A and Class B shares to date. The total authorized amount is $1 billion.

Source · Based on the filing body and exhibits

Buy-Back Method, Reason and Broker

News Corp said it repurchases Nasdaq-listed Class A and Class B common stock from time to time in the open market and that no ASX-listed CDIs will be repurchased. The stated reason for the buy-back is to enhance shareholder value, and the broker is 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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