News Corporation Announces Ongoing \$1 Billion Share Repurchase Program
Key Points:
- News Corporation (“the Company”) continues its authorized share repurchase program, allowing up to \$1 billion in aggregate repurchases of Class A and Class B common stock.
- The program is active on both NASDAQ and the Australian Securities Exchange (ASX).
- Recent filings detail daily buy-back notifications and provide transparency regarding the number of shares repurchased and total consideration paid.
- Buy-back transactions are disclosed to the ASX on a daily basis and included in quarterly and annual reports.
Details of the Share Buy-Back:
- Authorization: The Company may purchase up to an aggregate of US\$1 billion of Class A common stock and Class B common stock under the 2025 Repurchase Program.
- Share Classes:
- Class A Common Stock (ASX Security Code: NWSAA) – 367,798,623 shares outstanding.
- Class B Common Stock (ASX Security Code: NWSAB) – 141,461,806 shares outstanding.
- Recent Repurchase Activity:
- On March 3, 2026, the Company bought back 1,084,945 shares.
- Total consideration paid for repurchases on the previous day: US\$2,226,084.27.
- Highest price paid: US\$25.90 per share (on February 13, 2026).
- Total consideration paid to date: US\$55,530,422.14.
- Buy-Back Purpose: The stated reason for the buy-back is “To enhance shareholder value.”
- Buy-Back Mechanism: All buy-backs are conducted for cash consideration and are “on-market” (i.e., via open market transactions).
- Maximum Number: The Company intends to buy back a maximum number of shares, as authorized under the program.
- No Shareholder Approval Needed: The repurchase does not require additional security holder approval.
- Forward-Looking Statements: Management’s intent to continue repurchases is subject to market conditions, stock price, securities laws, and alternative investment opportunities.
Implications for Shareholders and Potential Price Sensitivity:
- The repurchase program is price sensitive and may affect share values by reducing the number of shares outstanding, potentially boosting earnings per share and supporting share price.
- Transparency of daily buy-back activity and total consideration paid may signal management’s confidence in the Company’s prospects and commitment to shareholder returns.
- The Company’s flexibility to repurchase shares depending on market conditions means investors should monitor ongoing disclosures for changes in buy-back activity.
- Forward-looking statements indicate that repurchase activity could vary, and there is no obligation for the Company to update repurchase intentions publicly except as required by law or regulation.
Additional Information:
- News Corporation is listed on both NASDAQ and ASX, with trading symbols NWSA (Class A) and NWS (Class B).
- The Company’s registered address is 1211 Avenue of the Americas, New York, NY 10036, USA.
- Daily and periodic disclosures are made as required under ASX rules and SEC regulations, ensuring shareholders are informed of ongoing repurchase activities.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice. All forward-looking statements are based on management’s current expectations and are subject to risks, uncertainties, and changes in circumstances. Investors should review official filings for further details and consult their financial advisor before making any investment decisions. News Corporation is under no obligation to update repurchase intentions except as required by law.
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