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

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

Key points

AI summary
  1. News Corp said it has a repurchase program authorizing it to buy back up to US$1 billion in the aggregate of Class A common stock and Class B common stock.

  2. In its daily notice to the ASX dated 12/13/2024, the company said it repurchased 14,459 shares of Class A common stock for a total of US$421,018.61 on 12/12/2024, the previous day.

  3. The company said it repurchased 20,387,051 shares for a total of US$406,396,232.95 before the previous day. It said it has bought back Class A and Class B shares worth about US$611,194,228.77 since the program began.

  4. The company said the highest price paid before the previous day was US$30.01 on 08/11/2024 and the lowest was US$14.88 on 29/09/2022. It said shares bought on the previous day were priced between US$28.97 and US$29.25, and that BofA Securities, Inc. was the broker.

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.

News Corp US$1 billion Stock Repurchase Program

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

Source · Based on the filing body and exhibits

Daily Notice of Class A Common Stock Repurchases

In its daily notice to the ASX dated 12/13/2024, the company said it repurchased 14,459 shares of Class A common stock for a total of US$421,018.61 on 12/12/2024, the previous day.

Source · Based on the filing body and exhibits

Repurchases Before the Previous Day and Cumulative Program Amount

The company said it repurchased 20,387,051 shares for a total of US$406,396,232.95 before the previous day. It said it has bought back Class A and Class B shares worth about US$611,194,228.77 since the program began.

Source · Based on the filing body and exhibits

Repurchase Price Range and Broker

The company said the highest price paid before the previous day was US$30.01 on 08/11/2024 and the lowest was US$14.88 on 29/09/2022. It said shares bought on the previous day were priced between US$28.97 and US$29.25, and that BofA Securities, Inc. was the broker.

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.