The company said it operates a stock repurchase program, the Repurchase Program, under which it is authorized to acquire up to $1 billion in aggregate of its Class A and Class B common stock.

8-KOther EventsFiled Oct 10, 2024Period of report Oct 9, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said it operates a stock repurchase program, the Repurchase Program, under which it is authorized to acquire up to $1 billion in aggregate of its Class A and Class B common stock.
The company said in a filing with the ASX that it has purchased about US$583,024,543.84 of Class A and Class B shares to date, based on total consideration paid.
News Corp said it bought back 15,261 Class A shares on October 9, 2024, the previous business day, for a total of US$400,691.29, with the lowest price paid that day at US$25.94.
News Corp said it intends to repurchase Nasdaq-listed Class A and Class B common stock from time to time in the open market or otherwise, and that no ASX-listed CDIs will be repurchased under the program. The company gave enhancing shareholder value as the reason for the buy-back.

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 US$1 billion Share Repurchase Program

The company said it operates a stock repurchase program, the Repurchase Program, under which it is authorized to acquire up to $1 billion in aggregate of its Class A and Class B common stock.

Source · Based on the filing body and exhibits

Cumulative purchases of about US$583,024,543.84

The company said in a filing with the ASX that it has purchased about US$583,024,543.84 of Class A and Class B shares to date, based on total consideration paid.

Source · Based on the filing body and exhibits

Daily Buy-Back Details for October 9, 2024

News Corp said it bought back 15,261 Class A shares on October 9, 2024, the previous business day, for a total of US$400,691.29, with the lowest price paid that day at US$25.94.

Source · Based on the filing body and exhibits

Repurchase Method and Purpose

News Corp said it intends to repurchase Nasdaq-listed Class A and Class B common stock from time to time in the open market or otherwise, and that no ASX-listed CDIs will be repurchased under the program. The company gave enhancing shareholder value as the reason for the buy-back.

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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