BuybackJun 24, 2026, 06:07 AM
News Corp Continues Share Buyback, Reaches $323.8M Total
AI Summary
News Corp announced continued activity in its share repurchase program, which authorizes the company to acquire up to $1 billion of its Class A and Class B common stock. As of June 23, 2026, the company has repurchased approximately $323.8 million worth of shares under the 2025 Repurchase Program. On the previous day, the company bought back 83,482 Class A shares for over $2 million and 43,133 Class B shares for over $1.2 million, with the stated goal of enhancing shareholder value.
Key Highlights
- News Corp's 2025 Repurchase Program authorizes up to $1 billion in Class A and Class B common stock buybacks.
- To date, the company has repurchased approximately $323,798,839 worth of shares under the program.
- On June 23, 2026, 83,482 Class A shares were bought back for $2,077,624.88.
- On June 23, 2026, 43,133 Class B shares were bought back for $1,216,419.61.
- The buyback aims to enhance shareholder value.
- Goldman Sachs & Co. LLC is the broker for the buyback.
Price Impact
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