News Corp said it has a stock repurchase program authorized to buy back up to $1 billion in the aggregate of its Class A and Class B common stock. The company said the program will not repurchase any ASX-listed CDIs.

8-KOther EventsFiled Oct 29, 2024Period of report Oct 28, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said it has a stock repurchase program authorized to buy back up to $1 billion in the aggregate of its Class A and Class B common stock. The company said the program will not repurchase any ASX-listed CDIs.
The company said it has bought approximately US$591,248,247.60 of Class A and Class B shares to date, based on total consideration paid. The authorized limit is US$1 billion.
News Corp said it bought back 15,437 Class A shares for a total of US$407,587.74 on October 28, 2024, the previous trading day, according to its daily buy-back notice. The same notice showed cumulative buybacks before that period of 19,938,617 shares for US$393,480,316.35.
The company's notice listed a highest price paid of US$26.62 and a lowest price paid of US$26.10 on the previous day, October 28, 2024. It said the consideration for the buybacks is cash, the purchase price was not known in advance, and the broker is BofA Securities, Inc.

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.

$1 billion Stock Repurchase Program

News Corp said it has a stock repurchase program authorized to buy back up to $1 billion in the aggregate of its Class A and Class B common stock. The company said the program will not repurchase any ASX-listed CDIs.

Source · Based on the filing body and exhibits

Cumulative Buybacks of About US$591,248,247.60

The company said it has bought approximately US$591,248,247.60 of Class A and Class B shares to date, based on total consideration paid. The authorized limit is US$1 billion.

Source · Based on the filing body and exhibits

Daily Class A Buyback Notice for October 28, 2024

News Corp said it bought back 15,437 Class A shares for a total of US$407,587.74 on October 28, 2024, the previous trading day, according to its daily buy-back notice. The same notice showed cumulative buybacks before that period of 19,938,617 shares for US$393,480,316.35.

Source · Based on the filing body and exhibits

Previous-Day Price Range and Buyback Terms

The company's notice listed a highest price paid of US$26.62 and a lowest price paid of US$26.10 on the previous day, October 28, 2024. It said the consideration for the buybacks is cash, the purchase price was not known in advance, and the broker is BofA Securities, Inc.

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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