AI English summary of an SEC filing — figures as filed
The company said its buyback program, which covers Class A and Class B common stock combined, is authorized for up to $1 billion. The company said it plans to buy back shares from time to time in the open market or otherwise, depending on market conditions and the share price.
Key points
AI summaryThe company said its buyback program, which covers Class A and Class B common stock combined, is authorized for up to $1 billion. The company said it plans to buy back shares from time to time in the open market or otherwise, depending on market conditions and the share price.
News Corp said it had bought back a total of 21,158,235 shares for US$428,175,669.53 through the day before the latest trading day, and it bought 12,993 shares for US$365,573.65 on March 6, 2025. It informed the Australian Securities Exchange (ASX) of these figures.
The company said it has bought back a total of about US$645,124,998.53 of Class A and Class B shares to date, based on total consideration paid. The purchase price on March 6 ranged from US$27.87 to US$29.07, and the highest price paid over the full program period, US$30.69, was paid on February 19, 2025.
News Corp said the program covers its Nasdaq-listed Class A and Class B common stock and that it will not buy back ASX-listed CDIs. The company said ASX rules require it to disclose program transactions to the ASX daily. It cited enhancing shareholder value as the reason for the buyback.
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.
Buyback Program Authorization Limit
The company said its buyback program, which covers Class A and Class B common stock combined, is authorized for up to $1 billion. The company said it plans to buy back shares from time to time in the open market or otherwise, depending on market conditions and the share price.
Source · Based on the filing body and exhibits
Daily Buyback Activity (March 6, 2025)
News Corp said it had bought back a total of 21,158,235 shares for US$428,175,669.53 through the day before the latest trading day, and it bought 12,993 shares for US$365,573.65 on March 6, 2025. It informed the Australian Securities Exchange (ASX) of these figures.
Source · Based on the filing body and exhibits
Cumulative Purchases and Price Range
The company said it has bought back a total of about US$645,124,998.53 of Class A and Class B shares to date, based on total consideration paid. The purchase price on March 6 ranged from US$27.87 to US$29.07, and the highest price paid over the full program period, US$30.69, was paid on February 19, 2025.
Source · Based on the filing body and exhibits
Buyback Securities and ASX Disclosure Requirements
News Corp said the program covers its Nasdaq-listed Class A and Class B common stock and that it will not buy back ASX-listed CDIs. The company said ASX rules require it to disclose program transactions to the ASX daily. It 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.
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