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

8-KOther EventsFiled May 22, 2024Period of report May 21, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

News Corp said its board-approved Repurchase Program allows it to acquire up to $1 billion in aggregate of Class A and Class B common stock.
The company said it bought back 13,188 shares on May 21, 2024 for a total of US$346,382.82, with a daily low price of US$26.17 and a daily high price of US$26.40, according to its filing with the ASX.
The company said it had bought back 18,324,243 shares for a total of US$349,941,029.88 as of May 21, and that it has purchased approximately US$525,403,176.43 of Class A and Class B shares to date.
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 market price of its stock. It gave the reason as "To enhance shareholder value." The broker is BofA Securities, Inc.

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 Repurchase Program

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

Source · Based on the filing body and exhibits

Daily Buy-Back Activity on May 21

The company said it bought back 13,188 shares on May 21, 2024 for a total of US$346,382.82, with a daily low price of US$26.17 and a daily high price of US$26.40, according to its filing with the ASX.

Source · Based on the filing body and exhibits

Cumulative Shares and Consideration Repurchased

The company said it had bought back 18,324,243 shares for a total of US$349,941,029.88 as of May 21, and that it has purchased approximately US$525,403,176.43 of Class A and Class B shares to date.

Source · Based on the filing body and exhibits

Repurchase Method and Purpose

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 market price of its stock. It gave the reason as "To enhance shareholder value." The broker is BofA Securities, Inc.

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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