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News Corp said it is authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock from time to time.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. News Corp said it is authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock from time to time.

  2. The company told the ASX that on December 11, 2024, it repurchased 13,975 shares of Class A common stock for a total of US$406,373.44 in its daily buy-back notice.

  3. News Corp said it has repurchased approximately US$610,550,284.67 of Class A and Class B shares since the program began, based on total consideration paid. The company said it repurchased 20,373,076 Class A shares before the previous day, for total consideration of US$405,989,859.52.

  4. The company disclosed that the highest price paid was US$30.01 on November 8, 2024, and the lowest price paid was US$14.88 on September 29, 2022. It said the prices paid on the previous day ranged from US$28.93 to US$29.36. The buy-back broker is BofA Securities, Inc.

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 Overview

News Corp said it is authorized to repurchase up to $1 billion in the aggregate of its Class A and Class B common stock from time to time.

Source · Based on the filing body and exhibits

Class A Daily Share Buy-Back Notice (December 11, 2024)

The company told the ASX that on December 11, 2024, it repurchased 13,975 shares of Class A common stock for a total of US$406,373.44 in its daily buy-back notice.

Source · Based on the filing body and exhibits

Cumulative Program Repurchase Amount

News Corp said it has repurchased approximately US$610,550,284.67 of Class A and Class B shares since the program began, based on total consideration paid. The company said it repurchased 20,373,076 Class A shares before the previous day, for total consideration of US$405,989,859.52.

Source · Based on the filing body and exhibits

Repurchase Price Range and Broker

The company disclosed that the highest price paid was US$30.01 on November 8, 2024, and the lowest price paid was US$14.88 on September 29, 2022. It said the prices paid on the previous day ranged from US$28.93 to US$29.36. The buy-back broker is BofA Securities, Inc.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.