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AI English summary of an SEC filing — figures as filed

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News Corp said its Repurchase Program authorizes it to buy back up to US$1 billion in aggregate of Class A and Class B common stock. The company said it may buy shares from time to time in the open market or otherwise, depending on market conditions and the market price of its stock.

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

Key points

AI summary
  1. News Corp said its Repurchase Program authorizes it to buy back up to US$1 billion in aggregate of Class A and Class B common stock. The company said it may buy shares from time to time in the open market or otherwise, depending on market conditions and the market price of its stock.

  2. In its ASX notice on Class A common stock, News Corp said it bought back 17,830,073 shares for a total of US$337,696,969.97 before April 4, 2024. The highest price paid in that period was US$27.09, and the lowest was US$14.88.

  3. News Corp said it bought back 14,572 Class A common shares for a total of US$376,853.78 on April 4, 2024. The highest price paid that day was US$26.13, and the lowest was US$25.49.

  4. News Corp said it has bought back approximately US$507,063,245.59 of Class A and Class B shares under the US$1 billion program, based on total consideration paid. The company also said it does not repurchase ASX-listed CDIs under this 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.

US$1 billion Share Repurchase Program

News Corp said its Repurchase Program authorizes it to buy back up to US$1 billion in aggregate of Class A and Class B common stock. The company said it may buy shares from time to time in the open market or otherwise, depending on market conditions and the market price of its stock.

Source · Based on the filing body and exhibits

Class A Buybacks Before Prior Trading Day: 17,830,073 Shares

In its ASX notice on Class A common stock, News Corp said it bought back 17,830,073 shares for a total of US$337,696,969.97 before April 4, 2024. The highest price paid in that period was US$27.09, and the lowest was US$14.88.

Source · Based on the filing body and exhibits

Daily Buyback Details for April 4, 2024

News Corp said it bought back 14,572 Class A common shares for a total of US$376,853.78 on April 4, 2024. The highest price paid that day was US$26.13, and the lowest was US$25.49.

Source · Based on the filing body and exhibits

Cumulative Spending Against US$1 billion Authorization

News Corp said it has bought back approximately US$507,063,245.59 of Class A and Class B shares under the US$1 billion program, based on total consideration paid. The company also said it does not repurchase ASX-listed CDIs under this 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

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.