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News Corp said it has a repurchase program authorizing it to acquire up to $1 billion in the aggregate of its Class A and Class B common stock, and that under ASX rules it must disclose related transactions daily.

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 acquire up to $1 billion in the aggregate of its Class A and Class B common stock, and that under ASX rules it must disclose related transactions daily.

  2. The company disclosed in its Class A common stock buy-back notice that it bought back 20,741,407 shares on January 21, 2025 (total consideration US$416,267,491.87) and 14,858 shares on January 21 (total consideration US$413,921.59).

  3. The company said it is authorized to acquire up to US$1 billion in aggregate of Class A and Class B shares and has bought approximately US$626,502,477.90 worth to date, based on total consideration paid.

  4. The company said its highest purchase price on January 21 was US$27.58 and its lowest was US$27.96, that no ASX-listed CDIs will be repurchased under the program, and that its 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.

News Corp $1 billion Repurchase Program and ASX Daily Disclosure

News Corp said it has a repurchase program authorizing it to acquire up to $1 billion in the aggregate of its Class A and Class B common stock, and that under ASX rules it must disclose related transactions daily.

Source · Based on the filing body and exhibits

Daily Buy-Back Notice Figures for Class A Common Stock

The company disclosed in its Class A common stock buy-back notice that it bought back 20,741,407 shares on January 21, 2025 (total consideration US$416,267,491.87) and 14,858 shares on January 21 (total consideration US$413,921.59).

Source · Based on the filing body and exhibits

Cumulative Repurchases Against Authorized Limit

The company said it is authorized to acquire up to US$1 billion in aggregate of Class A and Class B shares and has bought approximately US$626,502,477.90 worth to date, based on total consideration paid.

Source · Based on the filing body and exhibits

Repurchase Price Range on January 21 and Program Terms

The company said its highest purchase price on January 21 was US$27.58 and its lowest was US$27.96, that no ASX-listed CDIs will be repurchased under the program, and that its 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.