News Corp said its repurchase program allows it to acquire up to $1 billion in the aggregate of Class A and Class B common stock combined. The company cited the purpose of the buy-back as "To enhance shareholder value."

8-KOther EventsFiled Dec 16, 2024Period of report Dec 13, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said its repurchase program allows it to acquire up to $1 billion in the aggregate of Class A and Class B common stock combined. The company cited the purpose of the buy-back as "To enhance shareholder value."
News Corp said in its ASX notice that it bought back 14,459 shares for a total of US$414,499.04 on 13/12/2024. The highest price paid that day was US$28.88, and the lowest price paid was US$28.57.
The company said it had bought back 20,401,510 shares for a total of US$406,817,251.56 before the previous trading day. It said it has bought approximately US$611,836,940.24 of Class A and Class B shares to date.
News Corp named BofA Securities, Inc. as its broker for the program and said no security holder approval or additional conditions are required. The company explained that 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 Stock Repurchase Program Overview

News Corp said its repurchase program allows it to acquire up to $1 billion in the aggregate of Class A and Class B common stock combined. The company cited the purpose of the buy-back as "To enhance shareholder value."

Source · Based on the filing body and exhibits

Share Buy-Back Details for December 13, 2024

News Corp said in its ASX notice that it bought back 14,459 shares for a total of US$414,499.04 on 13/12/2024. The highest price paid that day was US$28.88, and the lowest price paid was US$28.57.

Source · Based on the filing body and exhibits

Cumulative Program Spending

The company said it had bought back 20,401,510 shares for a total of US$406,817,251.56 before the previous trading day. It said it has bought approximately US$611,836,940.24 of Class A and Class B shares to date.

Source · Based on the filing body and exhibits

Program Conditions: Broker, Shareholder Approval and ASX Trading Exclusion

News Corp named BofA Securities, Inc. as its broker for the program and said no security holder approval or additional conditions are required. The company explained that 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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