News Corp said it may repurchase up to $1 billion in the aggregate of Class A and Class B common stock from time to time under its Repurchase Program.

8-KOther EventsFiled Apr 10, 2024Period of report Apr 9, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

News Corp said it may repurchase up to $1 billion in the aggregate of Class A and Class B common stock from time to time under its Repurchase Program.
The company told the ASX that it bought back 17,873,789 Class A shares before the previous day (for total consideration of US$338,823,442.40) and 14,572 shares on April 9, 2024 (for total consideration of US$372,034.82).
The company said the highest price paid was US$27.09 on March 11, 2024 and the lowest was US$14.88 on September 29, 2022. It said it had bought approximately US$508,734,505.63 worth of Class A and Class B shares to date, based on total consideration paid.
The company said it plans to repurchase Class A and Class B shares in the open market or otherwise, subject to market conditions and its stock price. BofA Securities, Inc. is the broker, and the company said the reason for the buy-back is to enhance shareholder value.

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.

Approval scope for US$1 billion share buyback program

News Corp said it may repurchase up to $1 billion in the aggregate of Class A and Class B common stock from time to time under its Repurchase Program.

Source · Based on the filing body and exhibits

Class A common stock daily buyback activity (2024-04-09)

The company told the ASX that it bought back 17,873,789 Class A shares before the previous day (for total consideration of US$338,823,442.40) and 14,572 shares on April 9, 2024 (for total consideration of US$372,034.82).

Source · Based on the filing body and exhibits

Purchase price range and cumulative amount spent

The company said the highest price paid was US$27.09 on March 11, 2024 and the lowest was US$14.88 on September 29, 2022. It said it had bought approximately US$508,734,505.63 worth of Class A and Class B shares to date, based on total consideration paid.

Source · Based on the filing body and exhibits

Method, broker and reason for buybacks

The company said it plans to repurchase Class A and Class B shares in the open market or otherwise, subject to market conditions and its stock price. BofA Securities, Inc. is the broker, and the company said the reason for the buy-back is to enhance shareholder value.

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 ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.