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

8-KOther EventsFiled Sep 26, 2024Period of report Sep 25, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said its repurchase program authorizes the company to buy back up to $1 billion in the aggregate of its Class A common stock and Class B common stock.
The company said its daily ASX disclosure showed Class A common stock repurchases on September 25, 2024 of 15,437 shares, worth US$407,808.49. Prior cumulative repurchases were listed as 19,577,317 shares, worth US$384,010,296.33.
The company disclosed that the highest price paid for Class A shares was US$28.61 on July 16, 2024, and the lowest was US$14.88 on September 29, 2022. On September 25, 2024, the highest price for the day was US$26.71 and the lowest was US$26.24.
News Corp said it has bought back approximately US$576,754,807.74 of Class A and Class B shares to date, based on total consideration paid. It said BofA Securities, Inc. is the broker for the buybacks and that 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 $1 billion Share Repurchase Program Overview

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

Source · Based on the filing body and exhibits

Daily Class A Share Repurchases

The company said its daily ASX disclosure showed Class A common stock repurchases on September 25, 2024 of 15,437 shares, worth US$407,808.49. Prior cumulative repurchases were listed as 19,577,317 shares, worth US$384,010,296.33.

Source · Based on the filing body and exhibits

Class A Share Repurchase Price Range

The company disclosed that the highest price paid for Class A shares was US$28.61 on July 16, 2024, and the lowest was US$14.88 on September 29, 2022. On September 25, 2024, the highest price for the day was US$26.71 and the lowest was US$26.24.

Source · Based on the filing body and exhibits

Cumulative Repurchases and Method

News Corp said it has bought back approximately US$576,754,807.74 of Class A and Class B shares to date, based on total consideration paid. It said BofA Securities, Inc. is the broker for the buybacks and that 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.

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