News Corp said it operates a repurchase program authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock.

8-KOther EventsFiled Jul 5, 2024Period of report Jul 3, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

News Corp said it operates a repurchase program authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock.
The company disclosed that it had bought back a cumulative 18,717,814 shares of Class A common stock for US$360,615,456.39 through July 3, 2024, the day before, and bought back 14,506 shares for US$402,261.53 on July 3.
The company said its highest repurchase price was US$27.94 on June 26, 2024 and its lowest was US$14.88 on September 29, 2022. It said it had bought back about US$541,452,288.23 worth of Class A and Class B shares to date.
The company said it repurchases shares from time to time in the open market or otherwise, through BofA Securities, Inc. as broker, and that the purpose of the buy-back is to enhance shareholder value. No ASX-listed CDIs will be repurchased under the 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

News Corp said it operates a repurchase program authorized to acquire up to $1 billion in the aggregate of Class A common stock and Class B common stock.

Source · Based on the filing body and exhibits

Class A Cumulative Shares Repurchased and Cost

The company disclosed that it had bought back a cumulative 18,717,814 shares of Class A common stock for US$360,615,456.39 through July 3, 2024, the day before, and bought back 14,506 shares for US$402,261.53 on July 3.

Source · Based on the filing body and exhibits

Repurchase Price Range and Cumulative Amount

The company said its highest repurchase price was US$27.94 on June 26, 2024 and its lowest was US$14.88 on September 29, 2022. It said it had bought back about US$541,452,288.23 worth 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 repurchases shares from time to time in the open market or otherwise, through BofA Securities, Inc. as broker, and that the purpose of the buy-back is to enhance shareholder value. No ASX-listed CDIs will be repurchased under the 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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