News Corp said it operates a stock repurchase program (the Repurchase Program) under which it is authorized to acquire up to US$1 billion in aggregate of its Class A and Class B common stock.

8-KOther EventsFiled Oct 30, 2024Period of report Oct 29, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said it operates a stock repurchase program (the Repurchase Program) under which it is authorized to acquire up to US$1 billion in aggregate of its Class A and Class B common stock.
The company said it has bought approximately US$591,862,260.33 of Class A and Class B shares to date, based on total consideration paid.
News Corp notified the ASX that on October 29, 2024, the prior trading day, it repurchased 14,786 Class A common shares for a total of US$401,496.09. Cumulative purchases before that day totaled 19,954,054 shares, for a total of US$393,887,904.09.
The company said its Class A purchase prices were as high as US$28.61 on July 16, 2024 and as low as US$14.88 on September 29, 2022, and that prior-day purchase prices ranged from US$26.46 to US$27.36. It said BofA Securities, Inc. is the broker and 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.

Repurchase Program Overview: US$1 billion Buyback

News Corp said it operates a stock repurchase program (the Repurchase Program) under which it is authorized to acquire up to US$1 billion in aggregate of its Class A and Class B common stock.

Source · Based on the filing body and exhibits

Cumulative Purchases of About US$591,862,260.33

The company said it has bought approximately US$591,862,260.33 of Class A and Class B shares to date, based on total consideration paid.

Source · Based on the filing body and exhibits

Class A Daily Repurchases for 2024-10-29

News Corp notified the ASX that on October 29, 2024, the prior trading day, it repurchased 14,786 Class A common shares for a total of US$401,496.09. Cumulative purchases before that day totaled 19,954,054 shares, for a total of US$393,887,904.09.

Source · Based on the filing body and exhibits

Price Range and Repurchase Method

The company said its Class A purchase prices were as high as US$28.61 on July 16, 2024 and as low as US$14.88 on September 29, 2022, and that prior-day purchase prices ranged from US$26.46 to US$27.36. It said BofA Securities, Inc. is the broker and 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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