BuybackJul 7, 2026, 06:07 AM
News Corp Continues $1B Buyback; Repurchases $2.76M on July 6
AI Summary
News Corp provided an update on its ongoing stock repurchase program, authorized for up to $1 billion. On July 6, 2026, the company repurchased 70,004 Class A common shares for approximately $1.85 million and 30,471 Class B common shares for about $0.91 million. These daily transactions contribute to the total of approximately $347.96 million spent on buybacks under the program to date, which is intended to enhance shareholder value.
Key Highlights
- News Corp's stock repurchase program is authorized for up to $1 billion.
- On July 6, 2026, 70,004 Class A shares were bought back for $1.85 million.
- On July 6, 2026, 30,471 Class B shares were bought back for $0.91 million.
- Total repurchases on July 6, 2026, amounted to 100,475 shares for $2.76 million.
- Approximately $347.96 million has been spent under the program to date.
- The buy-back program aims to enhance shareholder value.
Price Impact
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