BuybackApr 10, 2026, 06:07 AM
News Corp Provides Daily Notification on Ongoing $1 Billion Share Repurchase Program
AI Summary
News Corp has issued a daily notification regarding its previously authorized share repurchase program. The program, initially approved as of July 15, 2025, allows for the repurchase of up to an aggregate of US$1 billion of the company's Nasdaq-listed Class A and Class B common stock. This ongoing initiative underscores News Corp's commitment to returning capital to shareholders, with repurchases intended to occur periodically in the open market or through other avenues, subject to prevailing market conditions. The company explicitly stated that no ASX-listed CDIs will be repurchased under this program.
Key Highlights
- News Corp is providing a daily buy-back notification related to its existing share repurchase program.
- The program, authorized as of July 15, 2025, allows for the repurchase of up to an aggregate of US$1 billion of the Company’s Nasdaq-listed Class A and Class B common stock.
- The Class A common stock, one of the classes subject to the buy-back, has 366,050,844 shares currently on issue.
- Repurchases will be conducted "from time to time, in the open market or otherwise," and are subject to market conditions and stock price.
- The program specifically targets Nasdaq-listed Class A and Class B common stock, explicitly stating that no ASX-listed CDIs will be repurchased.