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The company said it has a stock repurchase program under which it may buy back Class A and Class B common stock from time to time, up to a total of US$1 billion.

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

Key points

AI summary
  1. The company said it has a stock repurchase program under which it may buy back Class A and Class B common stock from time to time, up to a total of US$1 billion.

  2. News Corp said it is required under Australian Securities Exchange rules to disclose daily any repurchase transactions, and that no ASX-listed CDIs will be repurchased under this program.

  3. The company disclosed that it had repurchased a cumulative 20,814,959 shares for US$418,327,240.73 before January 28, 2025, and 14,459 shares for US$408,246.97 on January 28. It said the prices paid on January 28 ranged from US$28.10 to US$28.43.

  4. The company said it has bought Class A and Class B shares worth approximately US$629,708,640.93 in total consideration to date under the US$1 billion repurchase authorization.

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 Share Repurchase Program

The company said it has a stock repurchase program under which it may buy back Class A and Class B common stock from time to time, up to a total of US$1 billion.

Source · Based on the filing body and exhibits

ASX Daily Buy-Back Disclosure and Program Scope

News Corp said it is required under Australian Securities Exchange rules to disclose daily any repurchase transactions, and that no ASX-listed CDIs will be repurchased under this program.

Source · Based on the filing body and exhibits

Cumulative and January 28, 2025 Repurchase Activity

The company disclosed that it had repurchased a cumulative 20,814,959 shares for US$418,327,240.73 before January 28, 2025, and 14,459 shares for US$408,246.97 on January 28. It said the prices paid on January 28 ranged from US$28.10 to US$28.43.

Source · Based on the filing body and exhibits

Cumulative Spending Against US$1 billion Authorization

The company said it has bought Class A and Class B shares worth approximately US$629,708,640.93 in total consideration to date under the US$1 billion repurchase authorization.

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.