BuybackSep 28, 2026, 07:53 AM
News Corp Updates $1B Stock Repurchase Program; $498.9M Used
AI Summary
News Corp provided an update on its ongoing $1 billion stock repurchase program, authorized on July 15, 2025. As of September 28, 2026, the company has utilized approximately $498.9 million of the authorized amount for repurchasing Class A and Class B common stock. The filing details daily buy-back notifications for September 25, 2026, including the number of shares and total consideration paid for both classes of stock. The program's stated purpose is to enhance shareholder value.
Key Highlights
- News Corp continues its $1 billion stock repurchase program, having spent approximately $498.9 million to date.
- Class A shares: 359,143,232 outstanding; Class B shares: 141,017,361 outstanding.
- On September 25, 2026, the company repurchased 62,323 Class A shares for $1,771,780.57 and 27,128 Class B shares for $857,421.13.
- Total Class A shares repurchased before September 25, 2026: 12,422,034 for $325,213,425.41.
- Total Class B shares repurchased before September 25, 2026: 5,774,323 for $171,088,842.26.
- The buyback program aims to enhance shareholder value.
- Goldman Sachs & Co. LLC is the broker for the on-market buyback.
Price Impact
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