The company said it runs a stock repurchase program (the Repurchase Program) under which it may buy back up to $1 billion in the aggregate of its Class A common stock and Class B common stock.

8-KOther EventsFiled Jun 13, 2024Period of report Jun 12, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

The company said it runs a stock repurchase program (the Repurchase Program) under which it may buy back up to $1 billion in the aggregate of its Class A common stock and Class B common stock.
The company said it bought back 12,558 Class A common shares for a total of US$346,407.41 on June 12, 2024, with a highest price paid of US$27.71 and a lowest price of US$27.45 that day.
The company said that as of the day before June 12, 2024, it had bought back 18,517,322 Class A common shares for a total consideration of US$355,136,911.00, with prices ranging from US$14.88 on September 29, 2022 to US$27.91 on June 6, 2024.
News Corp said it has bought back approximately US$533,196,946.10 of Class A and Class B shares to date, based on total consideration paid. It listed the reason for the buy-back as "To enhance shareholder value," and BofA Securities, Inc. is the broker.

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.

Authorization Scope of $1 billion Stock Repurchase Program

The company said it runs a stock repurchase program (the Repurchase Program) under which it may buy back up to $1 billion in the aggregate of its Class A common stock and Class B common stock.

Source · Based on the filing body and exhibits

Class A Common Stock Daily Buy-Back Notice (June 12, 2024)

The company said it bought back 12,558 Class A common shares for a total of US$346,407.41 on June 12, 2024, with a highest price paid of US$27.71 and a lowest price of US$27.45 that day.

Source · Based on the filing body and exhibits

Cumulative Class A Purchases as of June 12

The company said that as of the day before June 12, 2024, it had bought back 18,517,322 Class A common shares for a total consideration of US$355,136,911.00, with prices ranging from US$14.88 on September 29, 2022 to US$27.91 on June 6, 2024.

Source · Based on the filing body and exhibits

Cumulative Program Spending and Purpose of Buy-Backs

News Corp said it has bought back approximately US$533,196,946.10 of Class A and Class B shares to date, based on total consideration paid. It listed the reason for the buy-back as "To enhance shareholder value," and BofA Securities, Inc. is the broker.

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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