BuybackJul 20, 2026, 06:56 AM
News Corp Updates $1B Buyback, Repurchases $372.3M to Date
AI Summary
News Corp provided an update on its $1 billion stock repurchase program, authorized as of July 15, 2025, for its Class A and Class B common stock. The company reported daily buyback notifications to the ASX, indicating that it repurchased 62,323 Class A shares for $1.78 million and 27,128 Class B shares for $0.88 million on July 17, 2026. To date, News Corp has repurchased approximately $372.3 million worth of shares under the program, aiming to enhance shareholder value.
Key Highlights
- News Corp's stock repurchase program is authorized for up to $1 billion.
- On July 17, 2026, 89,451 shares (Class A & B) were repurchased for $2.66 million.
- To date, approximately $372.3 million worth of shares have been repurchased under the program.
- The highest price paid for Class A shares on July 17, 2026, was $28.975.
- The highest price paid for Class B shares on July 17, 2026, was $32.89.
- The buyback program aims to enhance shareholder value.
Price Impact
More from NWSA