StockWatch
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Newspapers/Magazines
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.