The company said it runs a repurchase program that allows it to buy up to $1 billion in Class A and Class B common stock combined. The company said it will not buy back any ASX-listed CDIs under this program.

8-KOther EventsFiled Jun 3, 2024Period of report May 31, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

The company said it runs a repurchase program that allows it to buy up to $1 billion in Class A and Class B common stock combined. The company said it will not buy back any ASX-listed CDIs under this program.
The company said it had bought about US$529,040,217.59 of Class A and Class B shares to date, based on total consideration paid. This is part of its US$1 billion authorization.
The company reported that for Class A common stock, it bought back 18,415,879 shares for a total of US$352,365,732.64 before the previous day (31/05/2024), and 12,870 shares for US$346,394.76 on the previous day itself.
News Corp said its ASX daily buy-back notice of 03/06/2024 was an update to its initial notice of 22/9/2021. It said prices were US$27.09 high and US$14.88 low before the previous day, and US$27.14 high and US$26.81 low on the previous day.

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.

Up to US$1 billion Stock Buyback Program

The company said it runs a repurchase program that allows it to buy up to $1 billion in Class A and Class B common stock combined. The company said it will not buy back any ASX-listed CDIs under this program.

Source · Based on the filing body and exhibits

Cumulative buybacks reach approximately US$529,040,217.59

The company said it had bought about US$529,040,217.59 of Class A and Class B shares to date, based on total consideration paid. This is part of its US$1 billion authorization.

Source · Based on the filing body and exhibits

Class A Share Repurchase Details (2024-05-31)

The company reported that for Class A common stock, it bought back 18,415,879 shares for a total of US$352,365,732.64 before the previous day (31/05/2024), and 12,870 shares for US$346,394.76 on the previous day itself.

Source · Based on the filing body and exhibits

ASX Notice Update and Repurchase Price Range

News Corp said its ASX daily buy-back notice of 03/06/2024 was an update to its initial notice of 22/9/2021. It said prices were US$27.09 high and US$14.88 low before the previous day, and US$27.14 high and US$26.81 low on the previous day.

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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