BuybackMay 4, 2026, 08:32 AM
News Corp updates on buyback; $222.5M shares purchased to date
AI Summary
News Corp provided an update on its ongoing stock repurchase program, which authorizes the company to acquire up to $1 billion of its Class A and Class B common stock. As of May 1, 2026, the company has repurchased approximately $222.5 million worth of shares under the 2025 Repurchase Program. This update includes details of daily buy-back transactions for both classes of stock on May 1, 2026, as required by the Australian Securities Exchange. The program aims to enhance shareholder value.
Key Highlights
- News Corp's stock repurchase program authorizes up to $1 billion for Class A and Class B common stock.
- Approximately $222,498,706 worth of shares have been purchased to date under the 2025 Repurchase Program.
- On May 1, 2026, 70,004 Class A shares were bought back for $1,849,519.68.
- On May 1, 2026, 30,471 Class B shares were bought back for $932,138.36.
- The highest price paid for Class A shares on May 1, 2026, was $26.60.
- The highest price paid for Class B shares on May 1, 2026, was $30.81.
- The buy-back program's objective is to enhance shareholder value.