News Corporation Announces Key Updates on Stock Repurchase Program
Key Points for Investors
- Stock Repurchase Program: News Corporation (“the Company”) is actively pursuing its previously announced stock repurchase program, authorizing the buyback of up to \$1 billion in aggregate of its Class A and Class B common stock.
- ASX Disclosure: The Company is required under the rules of the Australian Securities Exchange (ASX) to provide daily updates on these transactions.
- Recent Buybacks: As of March 25, 2026, News Corporation has bought back a significant number of shares, with detailed figures and consideration paid disclosed.
- Forward-Looking Statements: The disclosure includes forward-looking statements regarding future repurchases, subject to market conditions and other risks.
Details of the Stock Buyback
News Corporation is executing its stock repurchase program, which allows for the acquisition of up to \$1 billion of both Class A and Class B outstanding shares. This move is part of the Company’s ongoing efforts to enhance shareholder value.
Buyback Specifics
- Class A Common Stock:
- ASX Security Code: NWSAA
- Total Shares on Issue (Class A): 366,490,917
- Maximum Shares to be Bought Back: The Company may purchase up to \$1 billion worth of Class A and Class B shares under the 2025 Repurchase Program.
- Class B Common Stock:
- ASX Security Code: NWSAB
- Total Shares on Issue (Class B): 141,640,129
- Broker Managing Buyback: Goldman Sachs & Co. LLC
Recent Activity and Financial Details
- Date of Last Buyback: March 25, 2026
- Total Consideration Paid: US\$49,169,837.38
- Additional Consideration Paid on Previous Day: US\$1,189,531.08
- Highest Price Paid: US\$31.40 per share
- Shares Bought Back (Class A + B): The Company has not provided a cumulative total for the entire program period, but daily buyback notifications are being submitted as required.
- Reason for Buyback: To enhance shareholder value.
- Buybacks are for Cash Consideration Only: All buybacks are paid in cash.
- Shareholder Approval: The buyback does not require shareholder approval.
Potential Share Price Impact
The announcement and ongoing execution of a substantial buyback program are typically seen as positive indicators for shareholders. Buybacks can support or increase share prices by reducing the total number of shares outstanding, thereby increasing earnings per share. The explicit commitment of up to \$1 billion in repurchases, the use of a reputable broker (Goldman Sachs), and the transparent disclosure regime under ASX rules may all contribute to market confidence.
Investors should note that the Company has provided forward-looking statements regarding the intent to continue repurchases. However, the actual pace and volume of buybacks may depend on multiple factors, including market conditions, share price, legal requirements, and alternative investment opportunities. There is no guarantee that the full \$1 billion repurchase will be executed.
No changes to the terms or size of the repurchase program are announced in this filing, but the continued activity and substantial sums involved are significant for shareholders and potential investors.
Other Relevant Information
- Emerging Growth Company Status: News Corporation is not classified as an emerging growth company.
- Trading Symbols:
- Class A Common Stock: NWSA (NASDAQ)
- Class B Common Stock: NWS (NASDAQ)
Conclusion
The ongoing execution of News Corporation’s \$1 billion stock repurchase program is a material event for shareholders, reflecting a strong commitment to returning value and confidence in the Company’s prospects. The transparency and scale of the buyback may positively influence the share price, subject to market conditions and management discretion.
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. The information provided is based on the latest SEC and ASX filings from News Corporation as of March 25, 2026. Investors should perform their own due diligence and consult with a qualified financial advisor before making any investment decisions. The Company’s actual buyback activity may vary based on a range of market, legal, and management factors.
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