AI English summary of an SEC filing — figures as filed
News Corp NWSThe company said it has an authorized stock repurchase program (the Repurchase Program) to buy back up to US$1 billion in aggregate of its Class A common stock and Class B common stock. It said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and its stock price.
Key points
AI summaryThe company said it has an authorized stock repurchase program (the Repurchase Program) to buy back up to US$1 billion in aggregate of its Class A common stock and Class B common stock. It said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and its stock price.
The company disclosed in its daily buy-back notification dated 2025-03-19 that, before 2025-03-18, it had cumulatively bought back 21,269,372 shares (total consideration of US$431,204,230.12), and on the previous day it bought back 14,192 shares (total consideration of US$380,697.56).
The company said it has repurchased approximately US$649,909,484.09 worth of Class A and Class B shares, based on total consideration paid, against the US$1 billion authorized under the program. The highest price paid before the previous day was US$30.69 and the lowest was US$14.88, while the highest price on the previous day was US$27.16 and the lowest was US$26.645.
The company said it will not repurchase any ASX-listed CDIs under this program and gave the reason for the buy-back as "To enhance shareholder value." It said that under ASX rules, it must disclose program transactions to the ASX daily, if any.
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 Stock Repurchase Program
The company said it has an authorized stock repurchase program (the Repurchase Program) to buy back up to US$1 billion in aggregate of its Class A common stock and Class B common stock. It said it intends to repurchase shares from time to time in the open market or otherwise, subject to market conditions and its stock price.
Source · Based on the filing body and exhibits
Class A Daily Buy-Back Notification (2025-03-19)
The company disclosed in its daily buy-back notification dated 2025-03-19 that, before 2025-03-18, it had cumulatively bought back 21,269,372 shares (total consideration of US$431,204,230.12), and on the previous day it bought back 14,192 shares (total consideration of US$380,697.56).
Source · Based on the filing body and exhibits
Cumulative Spending and Price Range
The company said it has repurchased approximately US$649,909,484.09 worth of Class A and Class B shares, based on total consideration paid, against the US$1 billion authorized under the program. The highest price paid before the previous day was US$30.69 and the lowest was US$14.88, while the highest price on the previous day was US$27.16 and the lowest was US$26.645.
Source · Based on the filing body and exhibits
Repurchase Method and ASX Disclosure Obligations
The company said it will not repurchase any ASX-listed CDIs under this program and gave the reason for the buy-back as "To enhance shareholder value." It said that under ASX rules, it must disclose program transactions to the ASX daily, if any.
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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