The company said it received approval for a Repurchase Program allowing it to buy up to $1 billion in Class A and Class B common stock combined, and that it must disclose related transactions to the ASX daily under ASX rules.

8-KOther EventsFiled Nov 7, 2024Period of report Nov 6, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said it received approval for a Repurchase Program allowing it to buy up to $1 billion in Class A and Class B common stock combined, and that it must disclose related transactions to the ASX daily under ASX rules.
News Corp told the ASX that it had bought back a cumulative 20,042,030 Class A shares through 2024-11-06 for a total of US$396,299,256.13, and that on 2024-11-06 it bought back 13,840 shares for US$399,624.46.
The company disclosed that the highest price paid for Class A shares was US$28.61 on 2024-07-16, the lowest was US$14.88 on 2022-09-29, and purchase prices on 2024-11-06 ranged from US$28.70 to US$29.00.
The company said cumulative purchases of Class A and Class B shares totaled about US$595,565,318.15 based on total consideration paid, and the authorized limit is up to US$1 billion.

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 Share Repurchase Program Overview

The company said it received approval for a Repurchase Program allowing it to buy up to $1 billion in Class A and Class B common stock combined, and that it must disclose related transactions to the ASX daily under ASX rules.

Source · Based on the filing body and exhibits

Cumulative Class A Common Stock Repurchases

News Corp told the ASX that it had bought back a cumulative 20,042,030 Class A shares through 2024-11-06 for a total of US$396,299,256.13, and that on 2024-11-06 it bought back 13,840 shares for US$399,624.46.

Source · Based on the filing body and exhibits

Class A Price Range and 2024-11-06 Purchase Prices

The company disclosed that the highest price paid for Class A shares was US$28.61 on 2024-07-16, the lowest was US$14.88 on 2022-09-29, and purchase prices on 2024-11-06 ranged from US$28.70 to US$29.00.

Source · Based on the filing body and exhibits

Cumulative Class A and Class B Repurchase Value

The company said cumulative purchases of Class A and Class B shares totaled about US$595,565,318.15 based on total consideration paid, and the authorized limit is up to US$1 billion.

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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