BuybackJun 9, 2026, 06:06 AM
News Corp's $1B Buyback Program Purchases $293.4M in Shares
AI Summary
News Corp continues its previously authorized $1 billion stock repurchase program for its Class A and Class B common stock. As of June 8, 2026, the company has repurchased approximately $293.4 million worth of shares under the 2025 program, aimed at enhancing shareholder value. The company provides daily disclosures of these transactions to the Australian Securities Exchange (ASX).
Key Highlights
- News Corp is authorized to repurchase up to $1 billion of Class A and Class B common stock under its 2025 Repurchase Program.
- As of June 8, 2026, the company has purchased approximately $293,392,479 worth of shares under the program.
- On June 8, 2026, 28,800 Class B shares were bought back for $888,816.96.
- On June 5, 2026, 66,163 Class A shares were bought back for $1,791,184.58.
- The highest price paid for Class A shares on June 5, 2026, was $27.28, and the lowest was $26.885.
- The highest price paid for Class B shares on June 8, 2026, was $31.09, and the lowest was $30.39.
- The buyback program aims to enhance shareholder value.
Price Impact
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