News Corp said its repurchase program authorizes it to buy back up to $1 billion in the aggregate of Class A common stock and Class B common stock combined.

8-KOther EventsFiled Sep 12, 2024Period of report Sep 11, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said its repurchase program authorizes it to buy back up to $1 billion in the aggregate of Class A common stock and Class B common stock combined.
The company said it bought back 16,235 Class A common shares for US$420,913.48 on September 11, 2024, and told the ASX that it had bought back 19,420,831 shares for US$379,896,935.18 before that.
The company said it bought back shares at a highest price of US$26.26 and a lowest price of US$25.73 as of the previous day. It said it had bought approximately US$570,497,686.25 of Class A and Class B shares to date, based on total consideration paid.
News Corp said it plans to repurchase Class A and Class B shares combined from time to time in the open market or otherwise, subject to market conditions, the market price of its stock and other factors. It gave "To enhance shareholder value" as the reason for the buy-back and said no ASX-listed CDIs will be repurchased under the 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 Approves $1 billion Share Repurchase Program

News Corp said its repurchase program authorizes it to buy back up to $1 billion in the aggregate of Class A common stock and Class B common stock combined.

Source · Based on the filing body and exhibits

Daily Class A Common Stock Buy-Back Details

The company said it bought back 16,235 Class A common shares for US$420,913.48 on September 11, 2024, and told the ASX that it had bought back 19,420,831 shares for US$379,896,935.18 before that.

Source · Based on the filing body and exhibits

Price Range and Cumulative Spending

The company said it bought back shares at a highest price of US$26.26 and a lowest price of US$25.73 as of the previous day. It said it had bought approximately US$570,497,686.25 of Class A and Class B shares to date, based on total consideration paid.

Source · Based on the filing body and exhibits

Buy-Back Method and Purpose

News Corp said it plans to repurchase Class A and Class B shares combined from time to time in the open market or otherwise, subject to market conditions, the market price of its stock and other factors. It gave "To enhance shareholder value" as the reason for the buy-back and said no ASX-listed CDIs will be repurchased under the 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.

View the original filing on SEC EDGAR ↗

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