News Corp said its stock repurchase program (the Repurchase Program) authorizes the company to buy back up to $1 billion in the aggregate of Class A and Class B common stock.

8-KOther EventsFiled Aug 7, 2024Period of report Aug 6, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said its stock repurchase program (the Repurchase Program) authorizes the company to buy back up to $1 billion in the aggregate of Class A and Class B common stock.
The company said that on August 6, 2024, it repurchased 16,024 Class A shares for a total of US$415,495.91, with a highest price of US$26.15 and a lowest price of US$25.44, according to its daily buy-back notification.
The company said it repurchased 19,050,724 Class A shares for a total of US$369,778,101.29 before August 6, 2024, and that the highest price paid over that period was US$28.61 on July 16, 2024.
The company said it has purchased approximately US$555,143,354.25 of Class A and Class B shares to date, based on total consideration paid. The authorized limit is up to US$1 billion in the aggregate.

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.

$1 billion Stock Buyback Program

News Corp said its stock repurchase program (the Repurchase Program) authorizes the company to buy back up to $1 billion in the aggregate of Class A and Class B common stock.

Source · Based on the filing body and exhibits

Class A Repurchases on August 6, 2024

The company said that on August 6, 2024, it repurchased 16,024 Class A shares for a total of US$415,495.91, with a highest price of US$26.15 and a lowest price of US$25.44, according to its daily buy-back notification.

Source · Based on the filing body and exhibits

Cumulative Class A Repurchases Before That Date

The company said it repurchased 19,050,724 Class A shares for a total of US$369,778,101.29 before August 6, 2024, and that the highest price paid over that period was US$28.61 on July 16, 2024.

Source · Based on the filing body and exhibits

Cumulative Program Repurchase Amount

The company said it has purchased approximately US$555,143,354.25 of Class A and Class B shares to date, based on total consideration paid. The authorized limit is up to US$1 billion in the aggregate.

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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