BuybackApr 8, 2026, 06:06 AM
News Corp Files Daily Buy-Back Notification for its US$1 Billion Repurchase Program
AI Summary
News Corp (NWSA) has filed a daily buy-back notification, signaling ongoing activity under its previously authorized US$1 billion share repurchase program. This program, initially authorized as of July 15, 2025, allows the company to repurchase its Nasdaq-listed Class A and Class B common stock. The repurchases are conducted from time to time in the open market or otherwise, depending on market conditions and stock price. This continuous buyback activity underscores management's commitment to enhancing shareholder value by reducing the outstanding share count.
Key Highlights
- News Corp filed a daily buy-back notification on April 8, 2026, related to its existing share repurchase program.
- The company has an authorized repurchase program for up to an aggregate of US$1 billion.
- This program, known as the '2025 Repurchase Program,' was authorized as of July 15, 2025.
- The buy-back targets Nasdaq-listed Class A common stock and Class B common stock.
- The total number of Class A common stock on issue in the class subject to buy-back is 366,050,844.
- No ASX-listed CDIs will be repurchased under these programs.