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AI English summary of an SEC filing — figures as filed

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News Corp said it has an authorized stock repurchase program to acquire up to US$1 billion in the aggregate of its Class A and Class B common stock, and that it intends to repurchase shares from time to time depending on market conditions and the stock price.

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

Key points

AI summary
  1. News Corp said it has an authorized stock repurchase program to acquire up to US$1 billion in the aggregate of its Class A and Class B common stock, and that it intends to repurchase shares from time to time depending on market conditions and the stock price.

  2. The company said in its daily ASX disclosure that it bought back 14,858 shares for a total of US$411,113.43 on January 7, 2025. The highest price paid that day was US$27.48, and the lowest was US$27.82.

  3. The company disclosed that it bought back 20,622,543 shares for a total consideration of US$412,999,349.97 for the period before January 7, 2025. The highest price paid in that period was US$30.01, and the lowest was US$14.88.

  4. News Corp said it has bought back approximately US$621,420,341.50 of Class A and Class B shares, based on total consideration paid, against the US$1 billion authorized under the program. The company said no ASX-listed CDIs will be repurchased under this 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

News Corp said it has an authorized stock repurchase program to acquire up to US$1 billion in the aggregate of its Class A and Class B common stock, and that it intends to repurchase shares from time to time depending on market conditions and the stock price.

Source · Based on the filing body and exhibits

Daily Class A Common Stock Buy-Back Notice

The company said in its daily ASX disclosure that it bought back 14,858 shares for a total of US$411,113.43 on January 7, 2025. The highest price paid that day was US$27.48, and the lowest was US$27.82.

Source · Based on the filing body and exhibits

Cumulative Shares Bought Back and Consideration Before Prior Day

The company disclosed that it bought back 20,622,543 shares for a total consideration of US$412,999,349.97 for the period before January 7, 2025. The highest price paid in that period was US$30.01, and the lowest was US$14.88.

Source · Based on the filing body and exhibits

Cumulative Program Spending

News Corp said it has bought back approximately US$621,420,341.50 of Class A and Class B shares, based on total consideration paid, against the US$1 billion authorized under the program. The company said no ASX-listed CDIs will be repurchased under this 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

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.