
BuybackNov 2, 2026, 06:46 AM
News Corp Updates $1B Stock Repurchase Program; $562.88M Repurchased
AI Summary
News Corp provided an update on its stock repurchase program, which is authorized to acquire up to an aggregate of $1 billion of its Class A and Class B common stock. As of November 2, 2026, the company has repurchased approximately $562.88 million worth of shares. The filing includes daily buy-back notifications for October 30, 2026, detailing the number of shares and consideration paid for both Class A and Class B common stock. The program's stated reason is to enhance shareholder value.
Key Highlights
- News Corp's Class A and Class B stock repurchase program authorized up to $1 billion.
- As of November 2, 2026, approximately $562.88 million worth of shares have been repurchased.
- On October 30, 2026, 58,482 Class A shares were repurchased for $1.72 million.
- On October 30, 2026, 25,457 Class B shares were repurchased for $0.82 million.
- The buyback program aims to enhance shareholder value.
- Goldman Sachs & Co. LLC is the designated broker for the buyback.
Price Impact
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