News Corp said its stock repurchase program (the "Repurchase Program") authorizes it to buy back up to $1 billion in aggregate of its Class A common stock and Class B common stock combined.

8-KOther EventsFiled Dec 2, 2024Period of report Nov 29, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said its stock repurchase program (the "Repurchase Program") authorizes it to buy back up to $1 billion in aggregate of its Class A common stock and Class B common stock combined.
The company said its daily ASX disclosure showed cumulative Class A purchases of 20,263,813 shares and total consideration of US$402,768,994.77 before November 29, 2024, and purchases of 13,659 shares for US$400,637.59 on November 29.
It said purchase prices on November 29 ranged from US$29.04 to US$29.47, and that it has bought approximately US$605,552,835.82 worth of Class A and Class B shares, based on total consideration paid, since the program began.
The company said it buys shares from time to time in the open market or otherwise, subject to market conditions and its stock price, among other factors. BofA Securities, Inc. is the broker, the purpose is "To enhance shareholder value," 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.

US$1 billion Repurchase Program Authorization Limit

News Corp said its stock repurchase program (the "Repurchase Program") authorizes it to buy back up to $1 billion in aggregate of its Class A common stock and Class B common stock combined.

Source · Based on the filing body and exhibits

Class A Cumulative Purchases and Consideration

The company said its daily ASX disclosure showed cumulative Class A purchases of 20,263,813 shares and total consideration of US$402,768,994.77 before November 29, 2024, and purchases of 13,659 shares for US$400,637.59 on November 29.

Source · Based on the filing body and exhibits

Purchase Price Range and Cumulative Usage Against Authorization

It said purchase prices on November 29 ranged from US$29.04 to US$29.47, and that it has bought approximately US$605,552,835.82 worth of Class A and Class B shares, based on total consideration paid, since the program began.

Source · Based on the filing body and exhibits

Purchase Method, Broker, Purpose and Exclusions

The company said it buys shares from time to time in the open market or otherwise, subject to market conditions and its stock price, among other factors. BofA Securities, Inc. is the broker, the purpose is "To enhance shareholder value," 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

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