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News Corp said its stock repurchase program authorizes it to acquire up to $1 billion in aggregate of Class A and Class B common stock. It said it intends to repurchase shares from time to time, depending on market conditions and its share price.

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

Key points

AI summary
  1. News Corp said its stock repurchase program authorizes it to acquire up to $1 billion in aggregate of Class A and Class B common stock. It said it intends to repurchase shares from time to time, depending on market conditions and its share price.

  2. In its daily ASX notice, the company said it repurchased 12,327 shares for a total of US$347,406.91 on 2025-05-27, the last trading day before the notice. It said the highest price paid that day was US$28.295 and the lowest was US$27.96.

  3. The company said it had repurchased Class A and Class B shares worth approximately US$677,769,615.06 to date, based on total consideration paid. The approved limit is US$1 billion in aggregate.

  4. News Corp said it must disclose its buy-back transactions to the ASX daily under ASX rules and that the program will not repurchase any ASX-listed CDIs. It listed Morgan Stanley & Co. LLC as the broker that will buy shares on the open market for it.

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.

$1 billion Stock Repurchase Program Authorization Limit

News Corp said its stock repurchase program authorizes it to acquire up to $1 billion in aggregate of Class A and Class B common stock. It said it intends to repurchase shares from time to time, depending on market conditions and its share price.

Source · Based on the filing body and exhibits

Daily Repurchase Activity for 2025-05-27

In its daily ASX notice, the company said it repurchased 12,327 shares for a total of US$347,406.91 on 2025-05-27, the last trading day before the notice. It said the highest price paid that day was US$28.295 and the lowest was US$27.96.

Source · Based on the filing body and exhibits

Cumulative Repurchases and Usage of Authorization

The company said it had repurchased Class A and Class B shares worth approximately US$677,769,615.06 to date, based on total consideration paid. The approved limit is US$1 billion in aggregate.

Source · Based on the filing body and exhibits

ASX Disclosure Obligations, CDI Exclusion and Broker

News Corp said it must disclose its buy-back transactions to the ASX daily under ASX rules and that the program will not repurchase any ASX-listed CDIs. It listed Morgan Stanley & Co. LLC as the broker that will buy shares on the open market for it.

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.