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AI English summary of an SEC filing — figures as filed

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News Corp said it has been authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock under its stock repurchase program (the "Repurchase Program").

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. News Corp said it has been authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock under its stock repurchase program (the "Repurchase Program").

  2. The company disclosed that on July 11, 2024 (the previous day), it repurchased 14,506 shares for a total of US$404,821.84, with daily purchase prices ranging from US$27.82 to US$28.02.

  3. The company said it had repurchased 18,790,344 shares for a total of US$362,615,769.96 before the previous day (July 11, 2024), and that the highest price paid during this period was US$27.94 (June 26, 2024) and the lowest price paid was US$14.88 (September 29, 2022).

  4. News Corp said it has purchased Class A and Class B shares with a total consideration of approximately US$544,436,757.95 under the $1 billion authorization.

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 Stock Repurchase Program

News Corp said it has been authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock under its stock repurchase program (the "Repurchase Program").

Source · Based on the filing body and exhibits

Daily Repurchase Activity on July 11, 2024

The company disclosed that on July 11, 2024 (the previous day), it repurchased 14,506 shares for a total of US$404,821.84, with daily purchase prices ranging from US$27.82 to US$28.02.

Source · Based on the filing body and exhibits

Cumulative Repurchases Before Previous Day

The company said it had repurchased 18,790,344 shares for a total of US$362,615,769.96 before the previous day (July 11, 2024), and that the highest price paid during this period was US$27.94 (June 26, 2024) and the lowest price paid was US$14.88 (September 29, 2022).

Source · Based on the filing body and exhibits

Cumulative Repurchase Program Amount

News Corp said it has purchased Class A and Class B shares with a total consideration of approximately US$544,436,757.95 under the $1 billion authorization.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.