News Corp said its approved Repurchase Program allows it to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock.

8-KOther EventsFiled May 21, 2024Period of report May 20, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

News Corp said its approved Repurchase Program allows it to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock.
The company told the ASX that on May 20, 2024 it repurchased 13,169 shares of Class A common stock for a total of US$346,389.47. The purchase price was US$26.23.
News Corp said it had repurchased 18,311,074 Class A shares for a total of US$349,594,640.40 before May 20. It said the program had bought back approximately US$524,883,594.71 of Class A and Class B shares combined.
The company said it intends to repurchase Class A and Class B shares from time to time in the open market or otherwise, subject to market conditions and the stock price. It said no ASX-listed CDIs will be repurchased under this program.

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 Share Repurchase Program

News Corp said its approved Repurchase Program allows it to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock.

Source · Based on the filing body and exhibits

Daily Class A Repurchase Activity

The company told the ASX that on May 20, 2024 it repurchased 13,169 shares of Class A common stock for a total of US$346,389.47. The purchase price was US$26.23.

Source · Based on the filing body and exhibits

Cumulative Repurchases Under the Program

News Corp said it had repurchased 18,311,074 Class A shares for a total of US$349,594,640.40 before May 20. It said the program had bought back approximately US$524,883,594.71 of Class A and Class B shares combined.

Source · Based on the filing body and exhibits

Repurchase Method and Scope

The company said it intends to repurchase Class A and Class B shares from time to time in the open market or otherwise, subject to market conditions and the stock price. It said no ASX-listed CDIs will be repurchased under this program.

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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