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News Corp said its Repurchase Program authorizes it to buy back up to $1 billion in the aggregate of Class A common stock and Class B common stock combined.

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 $1 billion in the aggregate of Class A common stock and Class B common stock combined.

  2. The company said it bought back 15,770 shares of Class A common stock for a total of US$375,868.49 on May 1, 2024, with a highest price of US$24.08 and a lowest price of US$23.69.

  3. The company said it had bought back 18,120,094 shares of Class A common stock for a total of US$344,843,724.39 before May 1, 2024, with a highest price of US$27.09 and a lowest price of US$14.88 over that period.

  4. The company said it has bought back approximately US$517,806,085.36 of Class A and Class B shares combined, based on total consideration paid, and the authorized limit is $1 billion.

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 Repurchase Program Overview

News Corp said its Repurchase Program authorizes it to buy back up to $1 billion in the aggregate of Class A common stock and Class B common stock combined.

Source · Based on the filing body and exhibits

Class A Share Repurchases on May 1, 2024

The company said it bought back 15,770 shares of Class A common stock for a total of US$375,868.49 on May 1, 2024, with a highest price of US$24.08 and a lowest price of US$23.69.

Source · Based on the filing body and exhibits

Class A Share Repurchases Before May 1, 2024

The company said it had bought back 18,120,094 shares of Class A common stock for a total of US$344,843,724.39 before May 1, 2024, with a highest price of US$27.09 and a lowest price of US$14.88 over that period.

Source · Based on the filing body and exhibits

Cumulative Program Repurchases to Date

The company said it has bought back approximately US$517,806,085.36 of Class A and Class B shares combined, based on total consideration paid, and the authorized limit is $1 billion.

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.