News Corporation Announces Continuation of \$1 Billion Share Repurchase Program
NEW YORK, June 4, 2026 — News Corporation (“News Corp” or “the Company”) has announced a significant update for shareholders and market participants regarding its ongoing share buy-back program, which could have notable implications for the Company’s share value and capital structure.
Key Highlights
- Share Repurchase Authorization: News Corp is authorized to repurchase up to \$1 billion in aggregate of its outstanding Class A and Class B common stock under its 2025 Repurchase Program.
- Buy-back Rationale: The Company states the primary reason for the buy-back is “to enhance shareholder value,” signaling management’s confidence in the business and its cash flow generation capabilities.
- Program Structure: The buy-back is classified as an “on-market buy-back” and does not require security holder approval. There are no other conditions or restrictions that need to be satisfied before the buy-back offer becomes unconditional.
- ASX and NASDAQ Disclosure: As News Corp is also listed on the Australian Securities Exchange (ASX), it is required to provide daily buy-back notifications in addition to disclosures in its US filings. The securities subject to buy-back are listed under the codes NWSA (Class A, NASDAQ) and NWS (Class B, NASDAQ and ASX).
- Recent Activity: On June 4, 2026, News Corp bought back a total of 3,526,749 shares for a total consideration of US\$100,232,007.68. The highest price paid in this period was US\$932,964.13 and the lowest price paid for shares in the reporting period was US\$30.19 per share.
- Volume of Shares Outstanding: Prior to the latest buy-backs, there were 362,765,433 Class A shares and 140,744,594 Class B shares outstanding. The Company is not obligated to buy back a minimum number of shares, and the maximum aggregate purchase is capped at \$1 billion for both classes combined.
- Forward-Looking Statements: Management emphasizes that the repurchase program is subject to market conditions, changes in stock price, applicable laws, and alternative investment opportunities. There is no obligation to update forward-looking statements except as required by law.
Investor Implications & Potential Price Sensitivity
- This ongoing and substantial buy-back program is a clear signal of the Company’s confidence in its long-term prospects and may be seen as a supportive factor for the share price as it tends to reduce the number of shares outstanding, potentially increasing earnings per share and shareholder value.
- The lack of a minimum buy-back requirement gives management flexibility but also means there is no guarantee of continued market support at specific volumes or prices.
- Shareholders should note that actual purchases depend on market conditions and News Corp is under no obligation to complete the full \$1 billion buy-back.
- Daily reporting to the ASX and quarterly/annual disclosures in the US ensure transparency, but investors should monitor these updates for shifts in buy-back pace or size, which could indicate changes in management outlook or capital allocation priorities.
- The buy-back does not require further shareholder approval and is not subject to additional conditions, allowing for swift execution, which could affect trading volumes and share price volatility.
Conclusion
The continuation of News Corp’s \$1 billion share repurchase program is a material event for investors. Such buy-backs are typically interpreted as a positive sign for future share price performance, as they reflect management’s confidence and can return value to shareholders. However, as with all buy-back programs, investors should be aware that execution depends on a range of factors, including market conditions, regulatory constraints, and competing capital allocation needs.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with professional advisors before making investment decisions. News Corp’s actual repurchase activity may differ from current intentions, and all forward-looking statements are subject to risks and uncertainties as outlined in the Company’s filings with the Securities and Exchange Commission.
