News Corp said its repurchase program allows it to buy back up to US$1 billion in the aggregate of Class A common stock and Class B common stock combined.

8-KOther EventsFiled Nov 13, 2024Period of report Nov 12, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said its repurchase program allows it to buy back up to US$1 billion in the aggregate of Class A common stock and Class B common stock combined.
News Corp told the ASX on a daily basis that on November 12, 2024 it bought back 13,659 Class A shares for a total of US$401,539.09. The highest price paid that day was US$29.49, and the lowest was US$29.10.
The company said cumulative repurchases before November 12, 2024 totaled 20,095,482 shares, or US$397,864,133.59, and that cumulative repurchases based on total consideration were about US$597,978,803.54.
News Corp said it appointed BofA Securities, Inc. as its broker and would buy back shares in the open market or otherwise as needed. The company cited "To enhance shareholder value" as the reason for the buy-back. It said no ASX-listed CDIs would 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.

US$1 billion Share Repurchase Program

News Corp said its repurchase program allows it to buy back up to US$1 billion in the aggregate of Class A common stock and Class B common stock combined.

Source · Based on the filing body and exhibits

Class A Share Repurchases for November 12, 2024

News Corp told the ASX on a daily basis that on November 12, 2024 it bought back 13,659 Class A shares for a total of US$401,539.09. The highest price paid that day was US$29.49, and the lowest was US$29.10.

Source · Based on the filing body and exhibits

Cumulative Repurchases Since Program Start

The company said cumulative repurchases before November 12, 2024 totaled 20,095,482 shares, or US$397,864,133.59, and that cumulative repurchases based on total consideration were about US$597,978,803.54.

Source · Based on the filing body and exhibits

Buy-Back Method, Reason and ASX-Listed CDIs Exclusion

News Corp said it appointed BofA Securities, Inc. as its broker and would buy back shares in the open market or otherwise as needed. The company cited "To enhance shareholder value" as the reason for the buy-back. It said no ASX-listed CDIs would 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

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