News Corp said its repurchase program allows it to buy back up to US$1 billion in the aggregate of Class A and Class B common stock. The company listed the reason for the buy-back as "To enhance shareholder value."

8-KOther EventsFiled Oct 11, 2024Period of report Oct 10, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said its repurchase program allows it to buy back up to US$1 billion in the aggregate of Class A and Class B common stock. The company listed the reason for the buy-back as "To enhance shareholder value."
News Corp told the ASX that it bought back 16,235 Class A common shares for a total of US$420,619.63 on 2024-10-10. The highest price paid was US$26.28, and the lowest was US$25.68.
News Corp said it bought back 19,748,871 shares for a total of US$388,515,757.59 before the previous day. It also said that, to date, it has bought about US$583,667,674.41 of Class A and Class B shares under the program.
The company said that under ASX rules it must disclose buy-back transactions to the ASX every day on which any occur. News Corp listed 375,816,032 as the total number of Class A common shares on issue, and said 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.

US$1 billion Share Buy-Back Program

News Corp said its repurchase program allows it to buy back up to US$1 billion in the aggregate of Class A and Class B common stock. The company listed the reason for the buy-back as "To enhance shareholder value."

Source · Based on the filing body and exhibits

Class A Buy-Back Activity for 2024-10-10

News Corp told the ASX that it bought back 16,235 Class A common shares for a total of US$420,619.63 on 2024-10-10. The highest price paid was US$26.28, and the lowest was US$25.68.

Source · Based on the filing body and exhibits

Cumulative Buy-Backs Before the Previous Day and Program Total

News Corp said it bought back 19,748,871 shares for a total of US$388,515,757.59 before the previous day. It also said that, to date, it has bought about US$583,667,674.41 of Class A and Class B shares under the program.

Source · Based on the filing body and exhibits

ASX Daily Notification Requirements and Class A Shares on Issue

The company said that under ASX rules it must disclose buy-back transactions to the ASX every day on which any occur. News Corp listed 375,816,032 as the total number of Class A common shares on issue, and said 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.

View the original filing on SEC EDGAR ↗

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