The company said it has a stock repurchase program (the Repurchase Program) under which it is authorized to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock combined.

8-KOther EventsFiled May 3, 2024Period of report May 2, 2024Summary published (UTC) Oct 27, 2026

Key points

AI summary

The company said it has a stock repurchase program (the Repurchase Program) under which it is authorized to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock combined.
News Corp said it repurchased 15,770 shares of Class A common stock on May 2, 2024 for a total of US$377,667.85, and notified the ASX that cumulative repurchases before that day were 18,135,864 shares, or US$345,219,592.88.
The company said the highest price paid in cumulative Class A repurchases was US$27.09 on March 11, 2024, and the lowest was US$14.88 on September 29, 2022. It added that the price range for daily purchases on May 2, 2024 was US$23.75 to US$24.06.
The company said it has repurchased approximately US$518,374,941.61 of Class A and Class B shares to date, based on total consideration paid. It also said no ASX-listed CDIs will be repurchased under the program, and it named BofA Securities, Inc. as its broker.

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 Repurchase Program Authorization of $1 billion

The company said it has a stock repurchase program (the Repurchase Program) under which it is authorized to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock combined.

Source · Based on the filing body and exhibits

Class A Daily Repurchases: 15,770 Shares, US$377,667.85

News Corp said it repurchased 15,770 shares of Class A common stock on May 2, 2024 for a total of US$377,667.85, and notified the ASX that cumulative repurchases before that day were 18,135,864 shares, or US$345,219,592.88.

Source · Based on the filing body and exhibits

Class A Repurchase Price Range

The company said the highest price paid in cumulative Class A repurchases was US$27.09 on March 11, 2024, and the lowest was US$14.88 on September 29, 2022. It added that the price range for daily purchases on May 2, 2024 was US$23.75 to US$24.06.

Source · Based on the filing body and exhibits

Cumulative Program Repurchases and Structure

The company said it has repurchased approximately US$518,374,941.61 of Class A and Class B shares to date, based on total consideration paid. It also said no ASX-listed CDIs will be repurchased under the program, and it named BofA Securities, Inc. as its broker.

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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