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

8-KOther EventsFiled Oct 1, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said it has a stock repurchase program (the Repurchase Program) under which it is authorized to acquire up to $1 billion in the aggregate of its Class A common stock and Class B common stock.
The company disclosed that, for its Class A common stock, it had repurchased a cumulative 19,623,628 shares for a total of US$385,236,447.98 as of September 30, 2024, and that on September 30 it repurchased 15,437 shares for US$408,862.84.
The company said it has repurchased Class A and Class B shares to date for approximately US$578,630,894.18 in total consideration paid, out of the US$1 billion authorized.
The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and its stock price, among other factors, and that no ASX-listed CDIs will be repurchased. On September 30, the price paid per share ranged from US$26.29 to US$26.70.

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.

US$1 billion Stock Repurchase Program

News Corp said it has a stock repurchase program (the Repurchase Program) under which it is authorized to acquire 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

Class A Cumulative Repurchases and Repurchases on September 30

The company disclosed that, for its Class A common stock, it had repurchased a cumulative 19,623,628 shares for a total of US$385,236,447.98 as of September 30, 2024, and that on September 30 it repurchased 15,437 shares for US$408,862.84.

Source · Based on the filing body and exhibits

Cumulative Repurchases Against the US$1 billion Limit

The company said it has repurchased Class A and Class B shares to date for approximately US$578,630,894.18 in total consideration paid, out of the US$1 billion authorized.

Source · Based on the filing body and exhibits

Purchase Method and Price Range on September 30

The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and its stock price, among other factors, and that no ASX-listed CDIs will be repurchased. On September 30, the price paid per share ranged from US$26.29 to US$26.70.

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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