BuybackAug 3, 2026, 08:07 AM
News Corp Continues $1B Buyback; Repurchases $2.73M in Shares
AI Summary
News Corp provided an update on its ongoing stock repurchase program, which authorizes the company to acquire up to $1 billion of its Class A and Class B common stock. As of July 31, 2026, the company has repurchased approximately $399.35 million worth of shares. The update includes daily buy-back notifications to the Australian Securities Exchange (ASX), detailing the repurchase of 66,163 Class A shares for $1.83 million and 28,800 Class B shares for $0.90 million on July 31, 2026.
Key Highlights
- News Corp's stock repurchase program authorizes up to $1 billion in Class A and Class B common stock.
- To date, the company has purchased approximately $399.35 million worth of shares under the program.
- On July 31, 2026, 66,163 Class A common shares were bought back for $1,830,101.66.
- On July 31, 2026, 28,800 Class B common shares were bought back for $901,667.52.
- The highest price paid for Class A shares on July 31, 2026, was $27.805, and for Class B shares was $31.84.
- The buyback program aims to enhance shareholder value.
Price Impact
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