News Corp said it was authorized to acquire up to $1 billion in aggregate of its Class A and Class B common stock under its repurchase program (the "Repurchase Program"). The company said repurchases may be made from time to time depending on market conditions and the market price of its stock.

1. 01

   News Corp said it was authorized to acquire up to $1 billion in aggregate of its Class A and Class B common stock under its repurchase program (the "Repurchase Program"). The company said repurchases may be made from time to time depending on market conditions and the market price of its stock.

2. 02

   The company said it filed a daily buy-back notice with the Australian Securities Exchange (ASX) on November 22, 2024, as required under ASX rules. It said it repurchased 13,779 shares of Class A common stock for a total consideration of US$404,125.67 on November 21, 2024, the prior trading day.

3. 03

   News Corp said it has bought back Class A and Class B shares under the program with a total consideration of about US$602,455,486.77 to date. As of November 21, 2024, the highest price paid was US$29.60 and the lowest price paid was US$28.74.

4. 04

   The company said the buy-back is an "Other buy-back" type, with BofA Securities, Inc. as the broker and the reason stated as "To enhance shareholder value." It said security holder approval is not required and that no ASX-listed CDIs will be repurchased under the program.

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.

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.