News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of Class A and Class B common stock from time to time, and cited the purpose as "To enhance shareholder value."

8-KOther EventsFiled Aug 1, 2024Period of report Jul 31, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of Class A and Class B common stock from time to time, and cited the purpose as "To enhance shareholder value."
The company told the ASX that on the previous day, July 31, 2024, it repurchased 14,506 shares of Class A common stock for a total of US$400,805.13, with a highest price of US$27.74 and a lowest price of US$27.50.
It said it had repurchased 18,992,282 shares of Class A common stock for a total of US$368,223,126.11 before July 31, 2024, with a highest price of US$28.61 paid on July 16, 2024 and a lowest price of US$14.88 paid on September 29, 2022.
The company said it has bought back Class A and Class B shares worth approximately US$552,790,334.42 in total consideration paid, against its authorization of US$1 billion.

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 authorized to repurchase up to US$1 billion in the aggregate of Class A and Class B common stock from time to time, and cited the purpose as "To enhance shareholder value."

Source · Based on the filing body and exhibits

Daily repurchase details for July 31, 2024

The company told the ASX that on the previous day, July 31, 2024, it repurchased 14,506 shares of Class A common stock for a total of US$400,805.13, with a highest price of US$27.74 and a lowest price of US$27.50.

Source · Based on the filing body and exhibits

Cumulative repurchases and consideration before the previous day

It said it had repurchased 18,992,282 shares of Class A common stock for a total of US$368,223,126.11 before July 31, 2024, with a highest price of US$28.61 paid on July 16, 2024 and a lowest price of US$14.88 paid on September 29, 2022.

Source · Based on the filing body and exhibits

Cumulative size of the repurchase program

The company said it has bought back Class A and Class B shares worth approximately US$552,790,334.42 in total consideration paid, against its authorization of US$1 billion.

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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