News Corp said it operates a stock repurchase program (the Repurchase Program) under which it may acquire up to $1 billion in the aggregate of its Class A and Class B common stock.

8-KOther EventsFiled Jun 7, 2024Period of report Jun 6, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

News Corp said it operates a stock repurchase program (the Repurchase Program) under which it may acquire up to $1 billion in the aggregate of its Class A and Class B common stock.
The company said in a notice to the ASX that on June 6, 2024 it bought 12,472 shares of Class A common stock for total consideration of US$346,408.55, and that its cumulative purchases before that were 18,466,699 shares for total consideration of US$353,751,313.41.
The company said the highest price paid for purchases on June 6, 2024 was US$27.91 and the lowest was US$27.68. It said the highest cumulative price was US$27.76 on June 5, 2024, and the lowest was US$14.88 on September 29, 2022.
The company said it has bought Class A and Class B shares worth about US$531,118,584.34 in total consideration to date, out of its US$1 billion authorization. It also said it does not repurchase ASX-listed CDIs 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 Overview

News Corp said it operates a stock repurchase program (the Repurchase Program) under which it may acquire up to $1 billion in the aggregate of its Class A and Class B common stock.

Source · Based on the filing body and exhibits

Class A Daily Repurchases: June 6, 2024 12,472

The company said in a notice to the ASX that on June 6, 2024 it bought 12,472 shares of Class A common stock for total consideration of US$346,408.55, and that its cumulative purchases before that were 18,466,699 shares for total consideration of US$353,751,313.41.

Source · Based on the filing body and exhibits

Repurchase Price Range: June 6, 2024 US$27.68 to US$27.91

The company said the highest price paid for purchases on June 6, 2024 was US$27.91 and the lowest was US$27.68. It said the highest cumulative price was US$27.76 on June 5, 2024, and the lowest was US$14.88 on September 29, 2022.

Source · Based on the filing body and exhibits

Cumulative Repurchases of About US$531,118,584.34

The company said it has bought Class A and Class B shares worth about US$531,118,584.34 in total consideration to date, out of its US$1 billion authorization. It also said it does not repurchase ASX-listed CDIs 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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