AI English summary of an SEC filing — figures as filed
News Corp NWSNews Corp said a 2025 Repurchase Program authorizing an additional $1 billion to acquire Class A and Class B common stock was approved as of July 15, 2025, in addition to the 2021 Repurchase Program under which the Company is authorized to acquire up to $1 billion in the aggregate of the Company's Class A and Class B common stock.
Key points
AI summaryNews Corp said a 2025 Repurchase Program authorizing an additional $1 billion to acquire Class A and Class B common stock was approved as of July 15, 2025, in addition to the 2021 Repurchase Program under which the Company is authorized to acquire up to $1 billion in the aggregate of the Company's Class A and Class B common stock.
The company said it has purchased Class A and Class B shares worth approximately US$700,866,722.89 to date under the 2021 Repurchase Program, based on total consideration paid.
News Corp notified that it repurchased 11,527 shares for a total of US$339,456.32 on July 24, 2025, and that cumulative repurchases before the previous day totaled 22,436,768 shares for US$463,570,309.04.
The company said it intends to repurchase Class A and Class B common stock from time to time in the open market or otherwise, subject to market conditions and the market price of the Company's stock. It said the broker is Morgan Stanley & Co. LLC and the purpose is to enhance shareholder value. The company added that shareholder approval is not required and ASX-listed CDIs are not subject to repurchase.
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.
Share Repurchase Programs: 2 Programs and Authorization Limits
News Corp said a 2025 Repurchase Program authorizing an additional $1 billion to acquire Class A and Class B common stock was approved as of July 15, 2025, in addition to the 2021 Repurchase Program under which the Company is authorized to acquire up to $1 billion in the aggregate of the Company's Class A and Class B common stock.
Source · Based on the filing body and exhibits
Cumulative Repurchases Under the 2021 Program
The company said it has purchased Class A and Class B shares worth approximately US$700,866,722.89 to date under the 2021 Repurchase Program, based on total consideration paid.
Source · Based on the filing body and exhibits
Daily Repurchase Notification (Previous Trading Day July 24, 2025)
News Corp notified that it repurchased 11,527 shares for a total of US$339,456.32 on July 24, 2025, and that cumulative repurchases before the previous day totaled 22,436,768 shares for US$463,570,309.04.
Source · Based on the filing body and exhibits
Repurchase Method, Broker and Purpose
The company said it intends to repurchase Class A and Class B common stock from time to time in the open market or otherwise, subject to market conditions and the market price of the Company's stock. It said the broker is Morgan Stanley & Co. LLC and the purpose is to enhance shareholder value. The company added that shareholder approval is not required and ASX-listed CDIs are not subject to repurchase.
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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