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AI English summary of an SEC filing — figures as filed

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News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of its Class A common stock and Class B common stock. It plans to buy back shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of its Class A common stock and Class B common stock. It plans to buy back shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock.

  2. The company reported to the ASX that it repurchased 15,437 shares of Class A common stock on October 17, 2024 for a total of US$407,030.47. The highest price paid that day was US$26.56, and the lowest was US$26.27.

  3. The company said it had repurchased 19,828,196 shares of Class A common stock before October 17, 2024 for a total of US$390,589,927.56. The highest price paid in that period was US$28.61 on July 16, 2024, and the lowest was US$14.88 on September 29, 2022.

  4. News Corp said it had bought Class A and Class B shares worth approximately US$586,814,379.45 in total consideration, out of the US$1 billion authorized under the program. It also said the program does not repurchase ASX-listed CDIs.

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

News Corp said it is authorized to repurchase up to US$1 billion in the aggregate of its Class A common stock and Class B common stock. It plans to buy back shares from time to time in the open market or otherwise, subject to market conditions and the market price of its stock.

Source · Based on the filing body and exhibits

Daily Class A Common Stock Repurchase Notification

The company reported to the ASX that it repurchased 15,437 shares of Class A common stock on October 17, 2024 for a total of US$407,030.47. The highest price paid that day was US$26.56, and the lowest was US$26.27.

Source · Based on the filing body and exhibits

Cumulative Prior Repurchases in Shares and Amount

The company said it had repurchased 19,828,196 shares of Class A common stock before October 17, 2024 for a total of US$390,589,927.56. The highest price paid 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 Repurchases Against US$1 billion Authorization

News Corp said it had bought Class A and Class B shares worth approximately US$586,814,379.45 in total consideration, out of the US$1 billion authorized under the program. It also said the program does not repurchase ASX-listed CDIs.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.