AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said it runs a repurchase program to buy back up to US$1 billion in the aggregate of its Class A and Class B common stock. The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and its share price, and that no ASX-listed CDIs will be repurchased under the program.
Key points
AI summaryNews Corp said it runs a repurchase program to buy back up to US$1 billion in the aggregate of its Class A and Class B common stock. The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and its share price, and that no ASX-listed CDIs will be repurchased under the program.
In its daily ASX buy-back notice, News Corp disclosed that on January 22, 2025 it bought back 14,858 shares of Class A common stock for a total of US$415,107.26. The highest price paid that day was US$28.07, and the lowest was US$27.79.
The company said in its ASX notice that it had bought back 20,756,265 shares, for total consideration of US$416,681,413.47, before January 22, 2025. The same notice said the highest price paid in that period was US$30.01 on November 8, 2024, and the lowest was US$14.88 on September 29, 2022.
News Corp said it had bought back Class A and Class B shares to date for approximately US$627,149,038.81 in total consideration, out of the US$1 billion authorized under the program. The company said the broker for these on-market purchases is BofA Securities, Inc.
Summary
AI-writtenAnalysis 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 runs a repurchase program to buy back up to US$1 billion in the aggregate of its Class A and Class B common stock. The company said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and its share price, and that no ASX-listed CDIs will be repurchased under the program.
Source · Based on the filing body and exhibits
Class A Common Stock Daily Buy-Back Notice (2025-01-22)
In its daily ASX buy-back notice, News Corp disclosed that on January 22, 2025 it bought back 14,858 shares of Class A common stock for a total of US$415,107.26. The highest price paid that day was US$28.07, and the lowest was US$27.79.
Source · Based on the filing body and exhibits
Cumulative Buy-Backs Before Previous Day
The company said in its ASX notice that it had bought back 20,756,265 shares, for total consideration of US$416,681,413.47, before January 22, 2025. The same notice said the highest price paid in that period was US$30.01 on November 8, 2024, and the lowest was US$14.88 on September 29, 2022.
Source · Based on the filing body and exhibits
Program Cumulative Purchases and Broker
News Corp said it had bought back Class A and Class B shares to date for approximately US$627,149,038.81 in total consideration, out of the US$1 billion authorized under the program. The company said the broker for these on-market purchases 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.
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