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

8-KOther EventsFiled Oct 9, 2024Period of report Oct 8, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said it has a repurchase program authorizing it to buy back up to $1 billion in the aggregate of its Class A and Class B common stock.
In its daily ASX buy-back notice, the company reported that it bought back 16,235 shares for US$419,713.71 on October 8, 2024, and that its prior cumulative total was 19,717,375 shares, US$387,695,352.59.
The company said that, within the US$1 billion authorization, it had bought back approximately US$582,409,572.79 of Class A and Class B shares to date, based on total consideration paid.
The company said it buys back shares from time to time in the open market or otherwise, and that no ASX-listed CDIs are being repurchased under the program. BofA Securities, Inc. is the broker, and the highest price paid the previous day was US$26.05, while the lowest was US$25.58.

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 Share Buyback Program Overview

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

Source · Based on the filing body and exhibits

Class A Daily Buy-Back Notice Details

In its daily ASX buy-back notice, the company reported that it bought back 16,235 shares for US$419,713.71 on October 8, 2024, and that its prior cumulative total was 19,717,375 shares, US$387,695,352.59.

Source · Based on the filing body and exhibits

Cumulative Buyback Amount and Authorization Limit

The company said that, within the US$1 billion authorization, it had bought back approximately US$582,409,572.79 of Class A and Class B shares to date, based on total consideration paid.

Source · Based on the filing body and exhibits

Buyback Method, Broker and Previous-Day Price Range

The company said it buys back shares from time to time in the open market or otherwise, and that no ASX-listed CDIs are being repurchased under the program. BofA Securities, Inc. is the broker, and the highest price paid the previous day was US$26.05, while the lowest was US$25.58.

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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