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News Corp said its stock repurchase program (the Repurchase Program) is approved to acquire up to $1 billion in the aggregate of Class A and Class B common stock combined.

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

Key points

AI summary
  1. News Corp said its stock repurchase program (the Repurchase Program) is approved to acquire up to $1 billion in the aggregate of Class A and Class B common stock combined.

  2. The company said its Class A daily buy-back notice showed it bought 14,506 shares for US$394,814.15 on August 12, 2024, the last trading day before August 13, 2024, and that cumulative purchases before that were 19,112,609 shares US$371,424,213.87.

  3. News Corp said it has bought Class A and Class B shares totaling about US$557,571,422.97 in total consideration, out of the $1 billion authorization.

  4. The company said the highest price paid on the last trading day, August 12, 2024, was US$27.80, and the lowest was US$27.08 in its Class A daily buy-back notice. It also said it does not repurchase any ASX-listed CDIs under this 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.

News Corp repurchase program size of US$1 billion

News Corp said its stock repurchase program (the Repurchase Program) is approved to acquire up to $1 billion in the aggregate of Class A and Class B common stock combined.

Source · Based on the filing body and exhibits

Class A daily buy-back notice and prior-day purchases

The company said its Class A daily buy-back notice showed it bought 14,506 shares for US$394,814.15 on August 12, 2024, the last trading day before August 13, 2024, and that cumulative purchases before that were 19,112,609 shares US$371,424,213.87.

Source · Based on the filing body and exhibits

Cumulative purchases of about US$557,571,422.97

News Corp said it has bought Class A and Class B shares totaling about US$557,571,422.97 in total consideration, out of the $1 billion authorization.

Source · Based on the filing body and exhibits

Prior-day purchase price range and program terms

The company said the highest price paid on the last trading day, August 12, 2024, was US$27.80, and the lowest was US$27.08 in its Class A daily buy-back notice. It also said it does not repurchase any ASX-listed CDIs under this 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.

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.