The company said it operates a stock repurchase program authorized for up to US$1 billion in the aggregate of Class A common stock and Class B common stock. It said it intends to buy back shares from time to time in the open market or otherwise, depending on market conditions and its share price.

1. 01

   The company said it operates a stock repurchase program authorized for up to US$1 billion in the aggregate of Class A common stock and Class B common stock. It said it intends to buy back shares from time to time in the open market or otherwise, depending on market conditions and its share price.

2. 02

   News Corp told the ASX in a daily notification that it bought back 14,506 Class A common shares on 2024-07-24 for a total of US$401,224.36. The lowest price paid that day was US$27.36 and the highest was US$28.00.

3. 03

   The company said it had bought back Class A and Class B shares for approximately US$549,811,135.86 in total consideration paid, against its US$1 billion authorization. Purchases before the previous day totaled 18,919,752 shares, worth US$366,226,147.46.

4. 04

   The company said BofA Securities, Inc. is the broker for the repurchases and that the reason for the buy-back is "To enhance shareholder value." It also said no ASX-listed CDIs will be repurchased under the program.

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.

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.