News Corp said it operates a repurchase program authorizing it to buy up to $1 billion in aggregate of its Class A common stock and Class B common stock. The company cited "to enhance shareholder value" as the reason for the buy-back.

8-KOther EventsFiled May 6, 2024Period of report May 3, 2024Summary published (UTC) Oct 27, 2026

Key points

AI summary

News Corp said it operates a repurchase program authorizing it to buy up to $1 billion in aggregate of its Class A common stock and Class B common stock. The company cited "to enhance shareholder value" as the reason for the buy-back.
The company said it is required under Australian Securities Exchange (ASX) rules to disclose repurchase program transactions to the ASX on a daily basis. It said it attached copies of that disclosure for 8-K as Exhibit 99.1 and Exhibit 99.2.
The company reported that it bought back 15,371 Class A shares on May 3, 2024, the previous trading day, for a total of US$375,282.97. It said it had previously repurchased 18,151,634 shares for a total consideration of US$345,597,260.72.
The company said it has bought back approximately US$518,935,101.95 of Class A and Class B shares, 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.

$1 billion Share Repurchase Program Overview

News Corp said it operates a repurchase program authorizing it to buy up to $1 billion in aggregate of its Class A common stock and Class B common stock. The company cited "to enhance shareholder value" as the reason for the buy-back.

Source · Based on the filing body and exhibits

Daily ASX Buy-Back Notification Filing

The company said it is required under Australian Securities Exchange (ASX) rules to disclose repurchase program transactions to the ASX on a daily basis. It said it attached copies of that disclosure for 8-K as Exhibit 99.1 and Exhibit 99.2.

Source · Based on the filing body and exhibits

Class A Share Repurchases on May 3, 2024

The company reported that it bought back 15,371 Class A shares on May 3, 2024, the previous trading day, for a total of US$375,282.97. It said it had previously repurchased 18,151,634 shares for a total consideration of US$345,597,260.72.

Source · Based on the filing body and exhibits

Cumulative Repurchase Amount Under Program

The company said it has bought back approximately US$518,935,101.95 of Class A and Class B shares, 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.

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