News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of its Class A and Class B common stock from time to time under the Repurchase Program.

8-KOther EventsFiled Oct 17, 2024Period of report Oct 16, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of its Class A and Class B common stock from time to time under the Repurchase Program.
The company told the ASX that on October 16, 2024 (the previous day) it bought back 15,437 Class A shares for a total consideration of US$408,737.80, and that before the previous day it had bought back 19,812,759 Class A shares for US$390,181,189.76 in total.
News Corp said it has repurchased Class A and Class B shares worth approximately US$586,191,008.92 in total consideration to date, and that its aggregate authorization is US$1 billion.
The company said the highest price it paid for Class A shares was US$28.61 on July 16, 2024 and the lowest was US$14.88 on September 29, 2022, and that prices paid on October 16, 2024 ranged from US$26.38 to US$26.55. It said BofA Securities, Inc. is its broker.

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 Repurchase Program Authorization Limit

News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of its Class A and Class B common stock from time to time under the Repurchase Program.

Source · Based on the filing body and exhibits

Class A Common Stock Repurchases (Daily ASX Notice)

The company told the ASX that on October 16, 2024 (the previous day) it bought back 15,437 Class A shares for a total consideration of US$408,737.80, and that before the previous day it had bought back 19,812,759 Class A shares for US$390,181,189.76 in total.

Source · Based on the filing body and exhibits

Cumulative Repurchases of About US$586,191,008.92

News Corp said it has repurchased Class A and Class B shares worth approximately US$586,191,008.92 in total consideration to date, and that its aggregate authorization is US$1 billion.

Source · Based on the filing body and exhibits

Class A Price Range and Repurchase Method

The company said the highest price it paid for Class A shares was US$28.61 on July 16, 2024 and the lowest was US$14.88 on September 29, 2022, and that prices paid on October 16, 2024 ranged from US$26.38 to US$26.55. It said BofA Securities, Inc. is its broker.

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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