News Corp said it is running a repurchase program for up to $1 billion in the aggregate of its Class A and Class B common stock, and it intends to buy back shares from time to time.

8-KOther EventsFiled Jun 11, 2024Period of report Jun 10, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

News Corp said it is running a repurchase program for up to $1 billion in the aggregate of its Class A and Class B common stock, and it intends to buy back shares from time to time.
The company said it has bought back approximately US$531,638,177.31 of Class A and Class B shares to date, based on total consideration paid.
The company reported that on 07/06/2024, the previous buy-back day, it repurchased 12,679 shares for a total of US$346,400.42, with the day's purchase prices ranging from a low of US$27.14 to a high of US$27.58.
News Corp said it is required under ASX rules to disclose repurchase program transactions daily, and it gave the reason for the buy-back as "To enhance shareholder value." It also 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.

News Corp US$1 billion Share Repurchase Program

News Corp said it is running a repurchase program for up to $1 billion in the aggregate of its Class A and Class B common stock, and it intends to buy back shares from time to time.

Source · Based on the filing body and exhibits

Cumulative Repurchase Program Purchases

The company said it has bought back approximately US$531,638,177.31 of Class A and Class B shares to date, based on total consideration paid.

Source · Based on the filing body and exhibits

Buy-Back Activity on June 7, 2024

The company reported that on 07/06/2024, the previous buy-back day, it repurchased 12,679 shares for a total of US$346,400.42, with the day's purchase prices ranging from a low of US$27.14 to a high of US$27.58.

Source · Based on the filing body and exhibits

ASX Daily Buy-Back Notice and Purpose of Buy-Back

News Corp said it is required under ASX rules to disclose repurchase program transactions daily, and it gave the reason for the buy-back as "To enhance shareholder value." It also 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

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