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

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

Key points

AI summary

News Corp said it operates a share repurchase program (the Repurchase Program) under which it is authorized to buy back up to $1 billion in aggregate of its Class A and Class B common stock.
The company said in its ASX filing that it has bought back approximately US$596,164,312.37 of Class A and Class B shares to date, based on total consideration paid. The authorized limit is US$1 billion.
In its Class A daily buy-back notice, the company said it repurchased 13,536 shares on the previous day, November 7, 2024, for a total of US$394,470.17. It said cumulative purchases before that day were 20,055,870 shares, US$396,698,880.59.
The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and its stock price. The broker is BofA Securities, Inc., and 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.

Up to $1 billion Share Repurchase Program

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

Source · Based on the filing body and exhibits

Approximately US$596,164,312.37 Bought Back Since Program Start

The company said in its ASX filing that it has bought back approximately US$596,164,312.37 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

Class A Daily Buy-Back Details for November 7, 2024

In its Class A daily buy-back notice, the company said it repurchased 13,536 shares on the previous day, November 7, 2024, for a total of US$394,470.17. It said cumulative purchases before that day were 20,055,870 shares, US$396,698,880.59.

Source · Based on the filing body and exhibits

Buy-Back Method, Broker and Exclusion of ASX-Listed CDIs

The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and its stock price. The broker is BofA Securities, Inc., and 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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