BuybackJul 9, 2026, 06:07 AM
News Corp Continues $1B Buyback; $353.4M Repurchased to Date
AI Summary
News Corp provided a daily update on its $1 billion stock repurchase program for Class A and Class B common stock. On July 8, 2026, the company repurchased 70,004 Class A shares for $1.87 million and 30,471 Class B shares for $0.92 million. To date, News Corp has bought back approximately $353.4 million worth of shares under the program, with the stated goal of enhancing shareholder value.
Key Highlights
- News Corp's stock repurchase program is authorized for up to $1 billion.
- On July 8, 2026, 70,004 Class A shares were repurchased for $1,871,458.93.
- On July 8, 2026, 30,471 Class B shares were repurchased for $917,436.10.
- Total Class A shares bought back to date: 9,113,585 for $229,338,940.52.
- Total Class B shares bought back to date: 4,335,601 for $124,080,904.67.
- Approximately $353.4 million worth of shares have been repurchased under the program to date.
- Approximately $646.6 million remains under the $1 billion repurchase authorization.
- The buyback program aims to enhance shareholder value.
Price Impact
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