News Corp said it has a stock repurchase program (the 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 16, 2024Period of report Oct 15, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said it has a stock repurchase program (the Repurchase Program) authorizing it to buy back up to $1 billion in the aggregate of its Class A and Class B common stock.
The company told the ASX that on October 15, 2024 it repurchased 15,437 shares of Class A common stock for a total of US$408,200.59, with a highest price of US$26.73 and a lowest price of US$26.13.
The company said it repurchased 19,797,322 shares of Class A common stock before October 15, 2024 for total consideration of US$389,772,989.17. The highest price in that period was US$28.61 on July 16, 2024, and the lowest was US$14.88 on September 29, 2022.
The company said it has bought back about US$585,565,319.34 of Class A and Class B shares since the program began, based on total consideration paid. It plans to repurchase shares from time to time in the open market or otherwise, subject to market conditions, and said no ASX-listed CDIs will be repurchased.

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.

Repurchase Program authorization of up to $1 billion

News Corp said it has a stock repurchase program (the 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 repurchases for October 15, 2024

The company told the ASX that on October 15, 2024 it repurchased 15,437 shares of Class A common stock for a total of US$408,200.59, with a highest price of US$26.73 and a lowest price of US$26.13.

Source · Based on the filing body and exhibits

Shares repurchased and consideration before October 15, 2024

The company said it repurchased 19,797,322 shares of Class A common stock before October 15, 2024 for total consideration of US$389,772,989.17. The highest price in that period was US$28.61 on July 16, 2024, and the lowest was US$14.88 on September 29, 2022.

Source · Based on the filing body and exhibits

Cumulative program purchases and method

The company said it has bought back about US$585,565,319.34 of Class A and Class B shares since the program began, based on total consideration paid. It plans to repurchase shares from time to time in the open market or otherwise, subject to market conditions, and said no ASX-listed CDIs will be repurchased.

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 ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.