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News Corp said its buyback program allows it to repurchase up to US$1 billion of Class A and Class B common stock combined, and that shareholder approval is not required.

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

Key points

AI summary
  1. News Corp said its buyback program allows it to repurchase up to US$1 billion of Class A and Class B common stock combined, and that shareholder approval is not required.

  2. The company told the ASX that it bought back 11,394 shares for a total of US$346,786.64 on February 19, 2025, the previous day, with a highest price of US$30.69 and a lowest price of US$30.11.

  3. News Corp said it bought back 21,016,911 shares for a total of US$424,141,362.95 before February 19, with a highest price of US$30.31 on February 18, 2025 and a lowest price of US$14.88 on September 29, 2022.

  4. The company said it had bought back about US$638,772,436.56 of Class A and Class B shares out of its US$1 billion authorization to date, and cited enhancing shareholder value as the reason for the buyback.

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 Buyback Program

News Corp said its buyback program allows it to repurchase up to US$1 billion of Class A and Class B common stock combined, and that shareholder approval is not required.

Source · Based on the filing body and exhibits

Daily Buyback Details for February 19, 2025

The company told the ASX that it bought back 11,394 shares for a total of US$346,786.64 on February 19, 2025, the previous day, with a highest price of US$30.69 and a lowest price of US$30.11.

Source · Based on the filing body and exhibits

Cumulative Buyback Volume Before February 19

News Corp said it bought back 21,016,911 shares for a total of US$424,141,362.95 before February 19, with a highest price of US$30.31 on February 18, 2025 and a lowest price of US$14.88 on September 29, 2022.

Source · Based on the filing body and exhibits

Cumulative Program Spending and Buyback Purpose

The company said it had bought back about US$638,772,436.56 of Class A and Class B shares out of its US$1 billion authorization to date, and cited enhancing shareholder value as the reason for the buyback.

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.