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News Corp said it is running a repurchase program covering up to US$1 billion in aggregate of Class A common stock and Class B common stock, and that it intends to repurchase shares from time to time in the open market or otherwise.

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

Key points

AI summary
  1. News Corp said it is running a repurchase program covering up to US$1 billion in aggregate of Class A common stock and Class B common stock, and that it intends to repurchase shares from time to time in the open market or otherwise.

  2. In a daily buy-back notice filed with the ASX, the company disclosed that it bought 15,371 Class A shares on April 23, 2024, the most recent trading day, for a total of US$378,882.85.

  3. The company said that before April 23, its cumulative purchases totaled 18,027,399 shares for US$342,590,176.63. It said the highest price paid was US$27.09 on March 11, 2024, and the lowest was US$14.88 on September 29, 2022.

  4. News Corp said it has bought Class A and Class B shares worth about US$514,409,975.22 to date (based on total consideration paid) under its US$1 billion authorization.

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 Buyback Program

News Corp said it is running a repurchase program covering up to US$1 billion in aggregate of Class A common stock and Class B common stock, and that it intends to repurchase shares from time to time in the open market or otherwise.

Source · Based on the filing body and exhibits

Class A Buybacks in the Prior Trading Day

In a daily buy-back notice filed with the ASX, the company disclosed that it bought 15,371 Class A shares on April 23, 2024, the most recent trading day, for a total of US$378,882.85.

Source · Based on the filing body and exhibits

Cumulative Buyback Volume and Price Range

The company said that before April 23, its cumulative purchases totaled 18,027,399 shares for US$342,590,176.63. It said the highest price paid 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

Cumulative Purchases Against the Program

News Corp said it has bought Class A and Class B shares worth about US$514,409,975.22 to date (based on total consideration paid) under its US$1 billion authorization.

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.