News Corp said it is authorized to repurchase from time to time up to $1 billion in the aggregate of its Class A and Class B common stock under its stock repurchase program (the "Repurchase Program").

8-KOther EventsFiled Sep 18, 2024Period of report Sep 17, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said it is authorized to repurchase from time to time up to $1 billion in the aggregate of its Class A and Class B common stock under its stock repurchase program (the "Repurchase Program").
The company listed "To enhance shareholder value" as the reason for the program. It said it intends to repurchase Class A and Class B shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock, and that no ASX-listed CDIs will be repurchased under the program.
The company told the ASX that on September 17, 2024 it bought back 15,437 Class A shares for a total of US$406,896.16 on the prior trading day. It said cumulative purchases under the program totaled about US$573,004,785.58.
The company reported 375,945,816 Class A shares on issue. It said the highest price paid was US$28.61 on July 16, 2024, and the lowest price paid was US$14.88 on September 29, 2022.

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 US$1 billion Share Repurchase Program

News Corp said it is authorized to repurchase from time to time up to $1 billion in the aggregate of its Class A and Class B common stock under its stock repurchase program (the "Repurchase Program").

Source · Based on the filing body and exhibits

Purpose and Method of Repurchases

The company listed "To enhance shareholder value" as the reason for the program. It said it intends to repurchase Class A and Class B shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock, and that no ASX-listed CDIs will be repurchased under the program.

Source · Based on the filing body and exhibits

Cumulative Purchases and Prior-Day Trading

The company told the ASX that on September 17, 2024 it bought back 15,437 Class A shares for a total of US$406,896.16 on the prior trading day. It said cumulative purchases under the program totaled about US$573,004,785.58.

Source · Based on the filing body and exhibits

Shares Outstanding and Purchase Price Range

The company reported 375,945,816 Class A shares on issue. It said the highest price paid was US$28.61 on July 16, 2024, and the lowest price paid was US$14.88 on September 29, 2022.

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.

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